C3.ai, Inc. - AI STOCK NEWS

C3 AI (NYSE: AI) has announced it will release its financial results for the fiscal third quarter ended January 31, 2023, on March 2, 2023, post U.S. market closure. A conference call will be held at 2:00 p.m. PDT/5:00 p.m. EDT to discuss these results, allowing analysts and investors to participate in a Q&A session. Access to the call can be done through a registration link for both telephone and webcast options. The audio replay will be available shortly after the call and will remain accessible for 30 days on the C3 AI Investor Relations website.

C3 AI (NYSE: AI) announced the launch of its C3 Generative AI Product Suite, starting with C3 Generative AI for Enterprise Search. This product facilitates a natural language interface for enterprise users to efficiently access data across their systems. The suite integrates advanced AI models from organizations like OpenAI and Google, and aims to transform enterprise computing. Scheduled for general release in March 2023, the product will debut at the C3 Transform conference on March 7, 2023. The technology has been described as 'game changing' by notable figures like Lt. Gen. Ed Cardon (Ret.), emphasizing its potential benefits for the U.S. Department of Defense and intelligence community.

C3 AI (NYSE: AI) has announced the addition of General Sir Gordon Messenger to its advisory board. General Messenger, a former Vice Chief of the Defence Staff of the British Armed Forces, brings extensive military experience, having served in operational deployments in Kosovo, Afghanistan, and Iraq. This strategic appointment aims to enhance C3 AI's capabilities in the defense sector, particularly in advancing the deployment of enterprise AI in defense organizations across the UK and NATO. CEO Thomas M. Siebel emphasized the importance of General Messenger's insights for driving innovation in defense technology.

C3 AI has secured its first three orders under a five-year, $500 million Production Agreement with the U.S. Missile Defense Agency (MDA). These orders will leverage the C3 AI Platform to enhance enterprise AI capabilities across the Department of Defense. The first order focuses on generating threat representations using machine learning, while the second will integrate test data for missile defense evaluations. The third order aims to optimize the Ground Test process. This collaboration is vital for improving missile defense systems.

C3 AI (NYSE: AI) has formed a strategic alliance with Booz Allen Hamilton, aiming to provide federal clients with advanced AI solutions. This partnership will leverage Booz Allen's expertise in federal AI services and C3 AI's applications to enhance digital transformation and mission readiness in U.S. government agencies. The collaboration will focus on delivering AI-based software, consultation, and training services to tackle pressing challenges faced by defense and civilian sectors. Both companies are set to simplify AI deployment for government operations.

C3.ai reported strong financial results for the fiscal second quarter ended October 31, 2022, with subscription revenue growth of 26% year-over-year. Total revenue increased to $62.4 million, a 7% rise from the previous year. The company transitioned to a consumption-based sales model, contributing to growth prospects. Although GAAP net loss per share widened to $(0.63), improvements in non-GAAP metrics were noted. Cash reserves stood at $858.8 million. Guidance for Q3 revenue is projected between $63.0-$65.0 million.

C3 AI (NYSE: AI), a leader in Enterprise AI application software, has scheduled presentations at two key industry conferences. Chairman and CEO Tom Siebel will speak at the Needham Virtual Big Data and Infrastructure Conference on November 16, 2022, at 8:45 am EST, and at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2022, at 4:20 pm EST. Both presentations will be available for live webcast on the C3 AI Investor Relations website, with replays accessible for 90 days thereafter.

C3 AI (NYSE: AI) has announced the addition of seven new members to the Open AI Energy Initiative (OAI), enhancing its ecosystem with diverse expertise. The new members, including Aligned Automation, Infosys, EPAM Systems, Wipro, KBC, Akselos, and Databricks, aim to provide innovative AI-based solutions for the energy sector. This expansion will introduce a new modeling and simulation category, further aiding the energy industry's optimization and cost reduction efforts.