C3 AI Welcomes Former Speaker of the House Kevin McCarthy to Advisory Board

Rhea-AI Summary

C3 AI (NYSE: AI) has announced the appointment of former Speaker of the House, Kevin McCarthy, to its advisory board. McCarthy will guide C3 AI in expanding AI solutions across various government levels and fostering relationships with allied nations. He will provide strategic counsel for engaging with the federal government and identify collaboration opportunities with state and local leaders. McCarthy aims to enhance service levels in law enforcement, property assessment, benefits management, defense, and intelligence sectors. C3 AI's CEO, Thomas Siebel, emphasized McCarthy's invaluable experience and commitment to transformative AI solutions.

Positive

• Appointment of a high-profile advisor, Kevin McCarthy, could enhance C3 AI's credibility and strategic influence.
• Potential expansion into government sectors could increase revenue streams.
• McCarthy's extensive government experience may open doors for new collaborations and contracts.
• Focus on defense and intelligence sectors aligns with high-demand areas for AI solutions.
• Opportunity to strengthen relationships with allied nations, expanding C3 AI's global footprint.

Negative

• No immediate financial gain or specific revenue figures presented with McCarthy's appointment.
• Reliance on a single advisor's influence could be a risk if expectations are not met.
• Government sector engagements may involve long, bureaucratic processes, potentially delaying revenue realization.
• The press release lacks concrete examples of past successes in similar advisory roles.

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- C3 AI (NYSE: AI), the Enterprise AI application software company, is proud to announce the appointment of Kevin McCarthy, the immediate past Speaker of the House, to its advisory board. Mr. McCarthy will play a pivotal role in guiding C3 AI’s expansion of AI solutions among all levels of government, as well as fostering relationships with allied nations.

“Kevin McCarthy’s unparalleled experience in public service and his deep understanding of the needs of government at all levels will be invaluable to C3 AI,” said Thomas M. Siebel, Chairman and CEO, C3 AI. “His insight will enhance our ability to deliver transformative AI solutions to our customers in law enforcement, property value assessment, and benefits management, as well as the defense and intelligence communities.”

Mr. McCarthy’s role will include:

• Strategic Advisory: Offering strategic counsel to C3 AI’s leadership for more effective engagement with the federal government and allied nations to leverage C3 AI’s solutions for defense and intelligence.

• Enterprise Development: Identifying opportunities for collaboration with state and local government leaders on AI solutions.

“I am excited to join C3 AI and contribute to the company’s mission of delivering cutting-edge AI solutions to government entities,” said Kevin McCarthy. “C3 AI’s enterprise AI solutions are proven to significantly improve service levels for state, local, and federal agencies. I look forward to being a part of this transformative journey.”

Siebel added, “Our commitment to serving our state, local, federal, and U.S.-allied customers is unwavering. With Kevin McCarthy’s advice and leadership, we are poised to elevate our service to new heights and ensure that our clients have the best AI tools at their disposal.”

For more information about C3 AI’s work with federal and state customers and engagements, please see: https://c3.ai/industries/enterprise-ai-for-government/.

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 Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618493326/en/

C3 AI Public Relations

Edelman

Lisa Kennedy

415-914-8336


pr@c3.ai

Investor Relations

ir@c3.ai

Source: C3.ai

FAQ

What role will Kevin McCarthy play at C3 AI?

Kevin McCarthy will provide strategic counsel and identify collaboration opportunities with government leaders to expand C3 AI's AI solutions.

How will Kevin McCarthy's appointment affect C3 AI's business?

His appointment could enhance C3 AI's credibility, open doors for new government contracts, and strengthen relationships with allied nations.

What sectors will Kevin McCarthy focus on at C3 AI?

He will focus on law enforcement, property value assessment, benefits management, defense, and intelligence sectors.

Why did C3 AI appoint Kevin McCarthy to its advisory board?

C3 AI appointed McCarthy due to his unparalleled experience in public service and deep understanding of government needs.

What is the potential impact of Kevin McCarthy’s advisory role on C3 AI’s stock (NYSE: AI)?

His advisory role may boost investor confidence and potentially drive stock performance by opening new business avenues and enhancing government engagements.