Welcome to our dedicated page for C3.Ai news (Ticker: AI), a resource for investors and traders seeking the latest updates and insights on C3.Ai stock.
C3.ai, Inc. (NYSE: AI), known as C3 AI, is an Enterprise AI application software company whose news flow reflects activity across technology, government, and industrial markets. Company announcements frequently highlight developments related to its core product families: the C3 Agentic AI Platform, C3 AI applications, and C3 Generative AI, which together form its enterprise AI offering.
Investors and observers following AI news can expect regular updates on financial results, including quarterly earnings releases and related conference call details, as reported in the company’s Form 8-K filings. These releases typically discuss subscription and professional services revenue, non-GAAP metrics, bookings trends, and commentary on business performance across sectors such as federal, defense, aerospace, and commercial industries.
C3 AI’s news also covers federal and public-sector engagements, such as selections by the U.S. Department of Health and Human Services to build a unified, secure, and scalable data foundation, and awards from the U.S. Army Rapid Capabilities and Critical Technologies Office to deliver AI-driven contested logistics solutions. The company reports on milestones like achieving FedRAMP Moderate authorization and holding IL5 and IL6 authorizations, which it associates with the use of its software for protected, high-impact government workloads.
Another recurring theme in AI news is industry recognition and partnerships. C3 AI reports that Verdantix has named it a Leader in Enterprise AI platforms and in industrial AI analytics software, and it provides details on partner activity with firms such as Microsoft, AWS, McKinsey & Company, Baker Hughes, and Booz Allen Hamilton. News items describe expanded integrations with Microsoft Copilot, Microsoft Fabric, and Azure AI Foundry, as well as joint customer wins and pipeline metrics.
Visitors to this news page can use it to review historical and recent announcements about C3 AI’s contracts, product enhancements, partner initiatives, governance changes, and SEC-reported events, all in one place.
C3 AI (NYSE: AI) has formed a strategic alliance with Booz Allen Hamilton, aiming to provide federal clients with advanced AI solutions. This partnership will leverage Booz Allen's expertise in federal AI services and C3 AI's applications to enhance digital transformation and mission readiness in U.S. government agencies. The collaboration will focus on delivering AI-based software, consultation, and training services to tackle pressing challenges faced by defense and civilian sectors. Both companies are set to simplify AI deployment for government operations.
C3.ai reported strong financial results for the fiscal second quarter ended October 31, 2022, with subscription revenue growth of 26% year-over-year. Total revenue increased to $62.4 million, a 7% rise from the previous year. The company transitioned to a consumption-based sales model, contributing to growth prospects. Although GAAP net loss per share widened to $(0.63), improvements in non-GAAP metrics were noted. Cash reserves stood at $858.8 million. Guidance for Q3 revenue is projected between $63.0-$65.0 million.
C3 AI (NYSE: AI), a leader in Enterprise AI application software, has scheduled presentations at two key industry conferences. Chairman and CEO Tom Siebel will speak at the Needham Virtual Big Data and Infrastructure Conference on November 16, 2022, at 8:45 am EST, and at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2022, at 4:20 pm EST. Both presentations will be available for live webcast on the C3 AI Investor Relations website, with replays accessible for 90 days thereafter.
C3 AI (NYSE: AI) has announced the addition of seven new members to the Open AI Energy Initiative (OAI), enhancing its ecosystem with diverse expertise. The new members, including Aligned Automation, Infosys, EPAM Systems, Wipro, KBC, Akselos, and Databricks, aim to provide innovative AI-based solutions for the energy sector. This expansion will introduce a new modeling and simulation category, further aiding the energy industry's optimization and cost reduction efforts.
C3 AI (NYSE: AI) will report its financial results for the fiscal second quarter ending October 31, 2022, on December 7, 2022, after U.S. market close. A conference call will follow at 2:00 p.m. PDT, where analysts and investors can engage in a Q&A session. Participants must register to receive dial-in details. A live webcast will be available on the C3 AI Investor Relations website, and an audio replay will be accessible for 30 days post-call.
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New York Governor Kathy Hochul mandates 100% clean electricity for state agencies by 2030 through an executive order. This effort leverages the NY Power Authority's NY Energy Manager application, developed in collaboration with C3 AI (NYSE: AI). The platform, already deployed to about 1,000 customers, will serve as the official system for energy data across state agencies. C3 AI's Energy Management solution supports real-time tracking of energy use and greenhouse gas emissions, aligning with rising environmental, social, and governance (ESG) demands.
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C3 AI has announced a significant three-year expansion of its partnership with Google Cloud, aimed at enhancing their joint selling and co-development efforts. This partnership allows C3 AI's full suite of enterprise AI applications to be available on Google Cloud, targeting Fortune 2000 companies. The collaboration will include the development of new AI-driven applications utilizing Google Cloud's advanced capabilities. The partnership underscores their initial success and aims to optimize areas like supply chains and sustainability.
C3 AI (NYSE: AI) has announced the AI Defense Forum scheduled for September 8 in Pentagon City, Virginia. This event aims to accelerate AI adoption within national security, featuring leaders from government, academia, and industry. Keynote speakers include C3 AI's CEO Thomas M. Siebel and several retired military generals. The forum will address strategic imperatives and successful AI deployments relevant to the Department of Defense's modernization efforts in enhancing equipment readiness and battlefield data synthesis.