Box stock is early Facebook exec Chamath Palihapitiya's favorite A.I. idea
Box stock is early Facebook exec Chamath Palihapitiya's favorite A.I. idea. Chamath Palihapitiya says Box is his favorite idea to play the artificial intelligence trend. Box "sits on top of an enormous amount of R&D," he said at The Sohn Investment Conference in New York Monday.
It "give companies the ability to add intelligence to audio and video ... [Box] is a business that is incredibly cheap and undervalued with incredibly low churn and unbelievable margin of safety." The investor said over the next 10 to 20 years most enterprise software will need to get remade to incorporate artificial intelligence. He said Box is in a great position to win in this "third wave" of computing. The company's stock rose 11% Monday after the manager's presentation. Read more here.