C3.ai, an artificial intelligence (AI) company founded by US billionaire Thomas Siebel, made a significant move in the market in May 2023, with its stock rising by an impressive 125%, beating big players including Nvidia, Google, and AMD. Its shares have risen by over 47% in the past week and more than 125% in the last month. Despite a drop in its stock price in the past 24 hours due to weaker-than-expected revenue guidance for its fiscal first quarter, C3.ai remains one of the hottest AI stocks. The company’s success can be attributed to its strong earnings, partnerships with some of the biggest companies in the world, and the broader AI market boom.
C3.ai is a Redwood City, California-based company known for providing AI-based software solutions to businesses. Its products include a comprehensive AI Suite, an API-enabled platform, and applications in various industries such as financial services, oil and gas, healthcare, and energy.
Thomas Siebel, an American businessman, is the founder and CEO of C3.ai. He has over 30 years of experience in the technology industry, having worked for Oracle, Gain Technology, and served as the CEO of Siebel Systems before founding C3.ai. Siebel is known for his contribution to the development of customer relationship management (CRM) software and his dedication to philanthropy through the Thomas and Stacey Siebel Foundation.
