AI · AI today, November 5, 2026
Business
Dropbox buys Tigris Data for $350 million to store data for AI agents
· Aster editorial team
AI-generated imageDropbox announced it is acquiring Tigris Data, a cloud storage company founded by former Uber engineers, for $350 million, which appears to be its largest acquisition ever. Tigris automatically moves data closer to the people and computers that use it, so it loads faster. Dropbox wants it to power DBX Agent Cloud, a new storage service for people building AI models and agents.
Why it matters
AI agents need somewhere to store files and pick up where they left off between tasks. Companies you know for storing photos and documents are now competing to be that place.
For the technical crowd
The deal is expected to close in Q4 2026. DBX Agent Cloud will launch as Amazon S3-compatible object storage, later adding documents, images, audio and video, plus filesystem features for agents. Dropbox says it has no plans for layoffs tied to the deal.
· Source: TechCrunch
More from AI today
- OpenAI launches GPT-6 Cyber, a model that has already found 81 serious flaws in FirefoxOpenAI introduced GPT-6 Cyber, a model built to find and exploit security flaws in software. For now, only approved customers in its Daybreak Red…
- Baidu releases ERNIE 5.5 Flash Base, a 280-billion-parameter open modelBaidu released ERNIE 5.5 Flash Base, a language model whose files anyone can download from Hugging Face. It's a “base” model: it ships without the…
- Greg Brockman says OpenAI could be ready to go public in 2027OpenAI president Greg Brockman answered “I think so. Yes” when asked whether the company would be ready for an IPO next year. He spoke at a Wall…
- Meta warns post-election backlash against data centers will slow AI expansionMeta president Dina Powell McCormick said the results of the US midterm elections will make it harder to build data centers. She acknowledged the…
- Google launches Gemini Omni 1.2 Flash: AI videos up to 15 seconds long and 30% cheaperGoogle introduced Gemini Omni 1.2 Flash, a model that creates and edits videos from text, images or audio. Clips can now run up to 15 seconds, up…