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Technology Stocks : C3ai
AI 28.38+1.2%4:00 PM EDT

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From: Julius Wong11/14/2023 5:47:55 PM
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C3.ai soars on expansion of AWS deal focused on generative AI

Nov. 14, 2023 3:12 PM ET
By: Chris Ciaccia, SA News Editor

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  • Enterprise software company C3.ai (NYSE: AI) rose more than 6% on Tuesday after the company announced an expansion of its "strategic collaboration agreement" with Amazon (NASDAQ: AMZN) and its cloud computing unit, Amazon Web Services.
  • In a statement, C3.ai ( AI) said it and AWS will continue to focus on offering generative artificial intelligence for customers in multiple sectors, including manufacturing, power and utilities, consumer goods, as well as state and federal governments.
  • “We’ve seen continued enthusiasm in the C3 Generative AI Suite since its launch, and as interest continues to grow, our collaboration is focused on building a quick and easy onboarding process so our shared customers can start seeing immediate value from generative AI,” said C3 AI CEO Thomas Siebel in a statement. “Our teams are dedicated to creating tightly integrated solutions so organizations can increase efficiency through faster data retrieval and analysis and accelerate value creation by getting many users onboarded quickly.”
  • C3.ai's ( AI) deal with AWS started in 2016 and its generative AI suite, which was unveiled in February, as well as its platform and applications all run on AWS.
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