C3 AI Opens Development Center in Guadalajara, Adding Up to 1,000 Jobs

Rhea-AI Summary

C3 AI (NYSE: AI) has announced the opening of a new software development center in Guadalajara, Mexico, set to launch on March 4. The center aims to boost the development of AI applications across various industries, including finance and healthcare, and will hire up to 1,000 software developers. According to IDC, the AI market is projected to grow from $342 billion in 2021 to $500 billion by 2024. CEO Thomas M. Siebel emphasized Guadalajara's tech talent pool as a key factor in the decision to expand operations in the region.

Positive

• Opening of a software development center to enhance AI application development.
• Hiring plan for up to 1,000 software developers demonstrates growth potential.
• Projected growth of the AI market to $500 billion by 2024 highlights strong industry demand.

Negative

• None.

New Center Will Accelerate the Development of AI Applications Across Industries

REDWOOD CITY, Calif. & GUADALAJARA, Mexico--(BUSINESS WIRE)-- C3 AI (NYSE: AI), the Enterprise AI software company, has announced the opening of a software development center in Guadalajara, Mexico to accelerate the creation and production of AI applications across industries, including financial services, manufacturing, healthcare, energy, and telecommunications.

The center opens March 4, and C3 AI will hire up to 1,000 software developers as demand for enterprise AI applications continues to grow. IDC estimates the revenues for the AI market — including software, hardware, and services — will rise to $500 billion by 2024, up from $342 billion in 2021.

“Guadalajara has become a key market for technology innovation. With the breadth of tech talent in the area, the city was a natural choice to continue growing our global presence,” said C3 AI CEO Thomas M. Siebel. “We’re looking forward to building a local workforce that will help continue our goal of developing enterprise AI applications to meet the needs of our customers across numerous industries.”

“As Guadalajara continues to grow as a global tech hub, we’re proud to welcome C3 AI, a global leader on AI, that will foster our hub and drive innovation,” said Alfonso Pompa Padilla, Secretary of Innovation, Science, and Technology of the State of Jalisco, Mexico. “We’re looking forward to supporting C3 AI, to ensure their business will have great success in our community.”

The Silicon Valley of Mexico

“We appreciate the confidence of C3 AI to open its new development center in Jalisco. With great news and honors like this one, our state, also known as the Silicon Valley of Mexico, confirms its leadership as the best place in LATAM for innovation, creation, and sustainable growth,” said Xavier Orendain de Obeso, Coordinator of Growth and Economic Development of the State of Jalisco, Mexico.

As part of C3 AI’s hiring and recruitment efforts, the company has assembled a global team of inquisitive self-learners who are motivated and trained to solve some of the world’s most challenging technology problems using AI technologies.

“C3 AI is the type of visionary business that will push forward the whole Guadalajara tech ecosystem,” said Enrique Cortés Rello, Director of the Artificial Intelligence Hub, Tecnológico de Monterrey. “We expect our students and researchers to benefit from what we believe will be a very fruitful and deep interaction with C3 AI.”

Prospective applicants can find more info on C3 AI’s mission and open roles at C3 AI here on the company’s website.

About C3.ai, Inc.

C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Suite, an end-to-end platform for developing, deploying, and operating enterprise AI applications and C3 AI Applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220303005013/en/

C3 AI Public Relations

Edelman

Lisa Kennedy

415-914-8336

pr@c3.ai

Investor Relations

IR@C3.ai

Source: C3.ai

FAQ

What is the significance of C3 AI's new development center in Guadalajara, Mexico?

C3 AI's new development center is significant as it will enhance the development of AI applications across various industries and create up to 1,000 jobs.

When does the new C3 AI software development center open?

The new C3 AI software development center is set to open on March 4.

How many developers will C3 AI hire in Guadalajara?

C3 AI plans to hire up to 1,000 software developers in Guadalajara.

What are the projected revenues for the AI market by 2024?

The AI market is projected to reach $500 billion by 2024, up from $342 billion in 2021.

Who is the CEO of C3 AI?

The CEO of C3 AI is Thomas M. Siebel.