C3.Ai, Inc. Stock Price, News & Analysis

C3 AI (NYSE: AI) has partnered with Snowflake, enhancing cloud-based data platform services for enterprise AI applications. This collaboration enables Snowflake users to access C3 AI's Suite and applications tailored for industries like manufacturing and finance.

The integration aims to improve data management and accelerate AI deployments, promoting operational efficiency and quicker insights without data replication. C3 AI's capabilities will allow customers to deploy applications at scale within four weeks, further solidifying Snowflake's position in enterprise AI.

Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) announced that KBC will deploy AI technology to enhance its software for oil and gas simulation, supply chain optimization, and energy management. KBC aims to leverage BHC3 technology to improve operational efficiency, with potential economic value exceeding $0.65 per barrel. The integration will boost process planning accuracy and productivity. This collaboration underscores Baker Hughes' commitment to investing in digital transformation within the energy sector.

Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) have forged a partnership with KBC, a subsidiary of Yokogawa Electric, to integrate artificial intelligence (AI) technology into KBC's software offerings. This collaboration aims to enhance oil and gas process simulations, supply chain optimization, and energy management. The enhanced software is expected to improve operational efficiency, yielding over $0.65 in economic value per barrel for KBC's customers. Leaders from both companies highlight the potential for digital transformation in the energy sector through this strategic integration.

C3 AI (NYSE:AI) announced significant growth for its no-code solution, C3 AI Ex Machina, which allows users to generate AI insights without coding. In its first full quarter, over 25 organizations, including Con Edison and Stanford Medicine, have adopted the solution. C3 AI Ex Machina facilitates data analysis and model building while offering capabilities for collaboration across teams. Recent upgrades have enhanced user experience with features like improved model evaluation and data integration options with various data stores. The company continues to expand its AI offerings to support diverse industries.

C3 AI (NYSE:AI) announces the appointment of Sam Alkharrat as President and Chief Revenue Officer. With extensive experience from VMware and SAP, Alkharrat is expected to spearhead the global expansion of C3 AI's sales and customer service. C3 AI aims to broaden its customer footprint and partner ecosystem across various sectors. CEO Thomas M. Siebel and former SAP co-CEO Jim Snabe emphasize Alkharrat's capability in scaling customer-centric organizations, viewing his leadership as pivotal for the company’s growth trajectory.

C3 AI, a leader in enterprise AI software, has expanded its agreement with the U.S. Air Force's Rapid Sustainment Office (RSO) to enhance predictive analytics for aircraft maintenance. This extension will deploy the C3 AI Suite to over 20 additional aircraft platforms within nine months. The partnership aims to improve mission capability and overall aircraft readiness, building on a relationship established in 2020. C3 AI's solutions have already shown efficiency in maintenance processes and increased aircraft availability, solidifying its position as a key AI partner for the USAF.

C3.ai, Inc. reported robust financial results for Q4 and FY 2021, with Q4 revenue of $52.3 million, a 26% year-over-year increase. Subscription revenue also rose to $43.1 million, up 17% year-over-year. The company’s gross profit was $40.6 million, representing a 78% gross margin. Total customers grew 82% year-over-year to 89. The company expanded partnerships in various sectors, including significant deployments with the US Air Force and Shell. However, it forecasts a non-GAAP loss from operations between $28 and $35 million for Q1 FY 2022.

C3 AI (NYSE:AI) and Shell (NYSE:RDS) have renewed their strategic partnership for five years to enhance the deployment of AI and machine learning applications within Shell's operations. This agreement builds on the earlier launch of the Open AI Energy Initiative™ aimed at transforming the energy industry. The collaboration emphasizes the importance of enterprise AI in improving reliability, asset integrity, and process optimization across Shell's businesses. Key executives from both companies expressed optimism about leveraging AI for a cleaner energy future and digital transformation.

C3 AI (NYSE:AI) announces the appointment of Lieutenant General (Retired) Ed Cardon as Chair of C3 AI Federal Systems. With over 36 years in the U.S. Army, General Cardon will lead initiatives focusing on AI integration in defense, intelligence, and cyber defense. He previously commanded the Army Cyber Command and was pivotal in creating the Army Futures Command. C3 AI's CEO, Thomas M. Siebel, praised Cardon's extensive experience, while Cardon expressed excitement about C3 AI's commitment to innovation in enterprise AI and its role in supporting national priorities.