C3.ai shares surge following new alliance with Microsoft Azure
Nov. 19, 2024 11:10 AM ET
By: Brandon Evans, SA News Editor
 David Ramos/Getty Images News
- Microsoft (NASDAQ: MSFT) revealed a new strategic alliance with C3.ai (NYSE: AI) today at its Ignite conference to help bolster Enterprise AI adoption on Azure.
- C3.ai shares spiked 18% by late morning trading on Tuesday.
- The partnership combines C3.ai's Enterprise AI-native application software, including C3 Generative AI, within Microsoft Azure's ecosystem.
- "This strategic alliance accelerates the adoption of Enterprise AI, benefiting customers with broadly available enterprise AI application software to achieve rapid time-to-value in supply chain optimization, production optimization, predictive maintenance, government efficiency, ESG goal attainment, and energy management," said C3.ai CEO Thomas Siebel.
- The alliance also positions Microsoft as the preferred cloud provider for C3.ai offerings.
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