The file sharing favorite, Dropbox announced the launch of Dropbox Ventures, a $50 million venture fund aimed at supporting AI-focused startups. The fund marks Dropbox’s first venture arm and aims to provide both mentorship and financial backing to those developing AI-powered solutions with the potential to transform the future of work. The intention is to foster the AI ecosystem and support the next generation of startups shaping the contemporary work experience through AI. He added that Dropbox, having grown from a simple idea to a service employed by hundreds of millions globally, understands what it takes to help companies like these attain the next level of growth and make a significant impact.

Dropbox, the cloud-based file storage service, has 500 million users. And an appreciable number of those Dropbox users can’t figure out how to delete files, let alone how to delete files permanently, on Dropbox. In part that’s because despite being nearly 10 years old, Dropbox’ user interface (“UI”) is still stuck in 1998, and in part because, well, the “how to delete” mechanism is buried and poorly documented.

More and more people are using Dropbox to share large files. Dropbox is easy to use, but it’s not so easy to figure out how to delete a file or delete a folder from Dropbox. Here’s how.

The scene was a pudgy man being chased around by scantily clad girls, but it wasn’t an homage to Benny Hill, it was Kim Dotcom’s launch party for his re-emergence back into the .com world – his new site, Mega (not to be confused with his now defunct file sharing website, Megaupload). Mega outdoes Dropbox by offering 50GBs of free file storage, unlike the 2GBs offered by Dropbox.

While Dropbox file-sharing service is intended to be a mostly consumer-based product, many companies use it as a means to share files between employees. The problem with using cloud-based services, such as Dropbox, for business purposes is that businesses don’t have proper controls over the data stored in the cloud. This was driven home this week when Dropbox announced that an employee’s password was stolen and the hackers made off with some sensitive information, including user email addresses which led to the spamming of Dropbox’s European user-base.