C3.ai, Inc. - AI STOCK NEWS

Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) have launched the BHC3™ Production Schedule Optimization (PSO), an AI application aimed at enhancing industrial demand planning and manufacturing scheduling. This tool improves supply chain performance and reduces costs for engineered products by generating precise demand forecasts and production schedules. The PSO integrates multiple inputs to optimize manufacturing processes and has already shown a 20% improvement in demand forecasting accuracy during trials with clients in the oil and gas sector.

Baker Hughes and C3 AI have introduced the BHC3™ Production Schedule Optimization (PSO), an AI application aimed at enhancing industrial demand planning and scheduling in manufacturing. This tool optimizes supply chains by accurately forecasting demand and creating optimal production schedules. It integrates various inputs such as market prices and customer orders, demonstrating a 20% improvement in forecasting accuracy during trials with a hydrocarbon processing company. BHC3 PSO supports diverse manufacturing processes, aiming to reduce costs and improve productivity across industrial sectors.

C3.ai, a leader in enterprise AI applications, reported fiscal Q3 2021 results with total revenue of $49.1 million, up 19% year-over-year. Subscription revenue increased 23% to $42.7 million, now comprising 87% of total revenue. Professional services revenue saw a 4% decline to $6.4 million. Gross margin improved to 75%, while loss from operations rose to $18.5 million. The company expanded its partnerships and product offerings, enhancing its market position in AI software. For Q4, it anticipates revenue between $50.0 million and $51.0 million.

C3 AI (NYSE: AI) has appointed Jim H. Snabe, former co-CEO of SAP, to its Board of Directors. Snabe has over three decades of experience in the tech industry and is currently Chairman of Siemens AG and A.P. Møller – Mærsk A/S. CEO Thomas M. Siebel expressed confidence that Snabe's leadership skills will further strengthen the board. Snabe highlighted C3 AI's model-driven AI platform as a potential standard for intelligent enterprises, emphasizing the company's achievements in delivering social and economic value through innovative technology.

C3 AI has been awarded a significant U.S. patent (No.10,817,530) for its C3 AI Suite, an end-to-end enterprise AI solution, enhancing its competitive position in the market. This broad-ranging patent covers advanced methods and architecture for AI application development, integrating various data processing techniques. CEO Thomas M. Siebel emphasized the patent's importance in solidifying C3 AI's leadership in digital transformation. The company also plans to establish a Technology Licensing Office for third parties to license its patented technologies.

C3 AI (NYSE: AI), a top enterprise AI software provider, will participate in key finance events. The company will present at the KeyBanc Annual Emerging Technology Summit on February 24 at 9:15 a.m. PT, the Morgan Stanley Energy & Power Conference on March 2 at 9:00 a.m. PT, and the JMP Securities Technology Conference on March 2 at 12:00 p.m. PT. Live webcasts of the presentations will be accessible on their investor relations website, with replays available for 90 days post-event. C3 AI specializes in enterprise AI solutions to enhance digital transformation.

C3 AI (NYSE:AI) has announced significant enhancements to its enterprise AI application development platform, including Version 7.17. Key features include comprehensive data lineage tracking, new composable machine learning pipelines, and enhancements to several existing AI applications. The release aims to accelerate digital transformation and facilitate AI adoption across industries. Notably, the introduction of C3 AI Well Development Optimization targets the oil and gas sector to optimize drilling costs. These developments reflect C3 AI's ongoing investment in advanced AI technologies.

C3 AI (NYSE: AI) will release its financial results for Q3 FY 2021, ending January 31, 2021, after U.S. markets close on March 1, 2021. A conference call will take place at 2:00 p.m. PT/5:00 p.m. ET to discuss these results. Investors can access a live webcast on the C3 AI Investor Relations website. An audio replay will be available for 30 days post-call. C3 AI specializes in enterprise AI software, offering products that facilitate digital transformation and simplify data science.

C3 AI (NYSE: AI) has launched C3 AI Ex Machina, a no-code predictive analytics application designed for users to develop AI-based insights without programming. This innovative tool allows companies to access and manage large datasets, build AI models easily, and deploy predictive insights across their organization. Notably, Con Edison has leveraged this technology to enhance operational safety by identifying risky electric meters in real-time. The platform aims to simplify and accelerate enterprise AI application development, thereby improving data-driven decision-making across various industries.