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Department of Defense Awards C3 AI $500 Million Agreement
Rhea-AI Impact
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Rhea-AI Summary
C3.ai (NYSE:AI) has secured a five-year Production-Other Transaction Agreement with the U.S. Department of Defense (DoD). This partnership allows accelerated acquisition of C3 AI’s Enterprise AI products, enabling the DoD to enhance its modeling and simulation capabilities across multiple agencies. The agreement aims to bolster the DoD's AI capabilities to counter emerging threats. CEO Thomas M. Siebel expressed enthusiasm for this milestone, emphasizing the significance of the agreement in advancing operations and sustainment initiatives within the federal government.
Positive
Secured a five-year agreement with the U.S. DoD, enhancing the partnership scope.
Accelerates acquisition of C3 AI's Enterprise AI products, improving DoD capabilities.
Supports various applications already in use, including predictive maintenance and modeling.
Negative
None.
REDWOOD CITY, Calif.--(BUSINESS WIRE)--
C3.ai, Inc. (NYSE:AI), the leading Enterprise AI software company, has established a new five-year Production-Other Transaction Agreement with the U.S. Department of Defense (DoD).
The agreement allows for an accelerated timeline to acquire C3 AI’s suite of Enterprise AI products and allows any DoD agency to acquire C3 AI products and services for modelling and simulation.
Accelerating the DoD’s enterprise AI capabilities is vital to developing and deploying systems to counter increasingly capable threats. C3 AI’s software enables the DoD to rapidly address additional use cases and scale AI applications across all branches of the U.S.DoD.
“The new Agreement has a DoD-wide scope, accelerating research projects in simulation and modelling and production deployments for operations and sustainment,” said Thomas M. Siebel, CEO of C3 AI. “We are thrilled to have been selected for these important initiatives and look forward to expanding our work and finding new ways to better serve the U.S. federal government.”
This agreement accelerates the adoption of the C3 AI Suite and C3 AI defense and intelligence applications like those currently in use at the U.S. Air Force, Space Command, RSO, F35 JPO, DISA, and others. C3 AI defense and intelligence applications in use today include insider threat, security clearance adjudication, readiness, AI predictive maintenance, modelling and simulation, missile trajectory modelling, and data fusion. These enterprise capabilities are critical to DoD and intelligence agencies as they accelerate their transformation towards large-scale deployments of increasingly vital artificial intelligence capabilities.
About C3.ai, Inc.
C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI® delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at: www.c3.ai.
