C3.ai, Inc. - AI STOCK NEWS

C3 AI (NYSE: AI) has announced the AI Defense Forum scheduled for September 8 in Pentagon City, Virginia. This event aims to accelerate AI adoption within national security, featuring leaders from government, academia, and industry. Keynote speakers include C3 AI's CEO Thomas M. Siebel and several retired military generals. The forum will address strategic imperatives and successful AI deployments relevant to the Department of Defense's modernization efforts in enhancing equipment readiness and battlefield data synthesis.

C3.ai reported a 25% year-over-year revenue growth for Q1 FY 2023, totaling $65.3 million, marking the seventh consecutive quarter of meeting or exceeding revenue guidance. The company is transitioning to a consumption-based pricing model, aligning with industry trends to enhance growth and profitability.

Despite a GAAP net loss per share of $(0.67), improvements in gross profit margins and cash reserves of over $930 million position C3 AI favorably against market challenges. The company aims for non-GAAP profitability by FY 2024.

C3.ai, a leader in Enterprise AI application software, announced upcoming presentations at two key conferences. The company's CTO and CFO will present at the Deutsche Bank Technology Conference on September 1, 2022, at 11:45 am PDT, while the CEO and CFO will speak at the Piper Sandler Growth Frontiers Conference on September 13, 2022, at 9:30 am PDT. Both events will be available for live streaming on the C3 AI Investor Relations website, with replays accessible for 90 days. C3.ai continues to innovate with its integrated AI products.

C3.ai, Inc. (NYSE: AI) will release its fiscal first quarter financial results on August 31, 2022, after U.S. markets close. A conference call to discuss these results is scheduled for 2:00 p.m. PDT / 5:00 p.m. EDT the same day. Participants are required to register for the call through a provided link to receive their dial-in number and personalized PIN. Webcast details will be accessible on the C3.ai Investor Relations website, with a replay available after the call for 30 days.

C3 AI (NYSE: AI) has been ranked a Leader in AI and Machine Learning Platforms by Forrester Research in their July 2022 report. This recognition highlights C3 AI's comprehensive strategy for enterprise AI, which includes a library of industry-specific solutions and deep partnerships. C3 AI achieved the highest possible scores in several categories, including Product Vision and Application Tools. CEO Thomas Siebel emphasized the significance of this acknowledgment in advancing enterprise AI adoption and simplifying decision-making for potential clients.

C3 AI has announced that Raytheon Technologies will utilize the C3 AI Application Platform to enhance the U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) program. This collaboration aims to integrate advanced AI and machine learning capabilities to support multi-domain operations and bolster national security. The TITAN initiative will gather data from various sensors to improve targeting and operational awareness, furthering the Department of Defense's JADC2 strategy. This partnership underscores C3 AI's role in delivering mission-critical technology solutions.

The U.S. Department of Health and Human Services (HHS) has awarded a $90 million, five-year Blanket Purchase Agreement (BPA) to C3 AI (NYSE: AI) and CITI through Carahsoft. This agreement, titled 'Solutioning with Holistic Analytics Restructured for the Enterprise (SHARE),' aims to expedite enterprise AI solutions across HHS agencies, including NIH, FDA, and CDC. C3 AI's platforms will support data-driven initiatives and aid public health challenges. Notably, C3 AI has contributed over $5 million in funding for COVID-19 research over the past two years.

C3 AI announced the appointment of retired General John E. Hyten to its advisory board, highlighting its commitment to defense and federal sectors. General Hyten, previously the 11th Vice Chairman of the Joint Chiefs of Staff, brings extensive military leadership experience, particularly in space operations. His role focuses on leveraging Enterprise AI technologies for national security and defense applications. The advisory board includes notable figures like Lieutenant General Ed Cardon and Lieutenant General H. R. McMaster, enhancing C3 AI’s strategic positioning in the market.

C3 AI has been awarded the Google Cloud Technology Partner of the Year for its achievements in the artificial intelligence and machine learning category. The recognition highlights C3 AI's role in helping customers across various industries expedite the deployment of Enterprise AI applications. The company emphasized its partnership with Google Cloud, leveraging products like Google Kubernetes Engine and BigQuery to enhance AI application deployment. This accolade underscores C3 AI’s commitment to delivering innovative solutions that create customer value.