C3.ai continues surge after unveiling generative AI suite
Feb. 01, 2023 10:12 AM ET
C3.ai, Inc. (AI) GOOG, GOOGL
By: Chris Ciaccia, SA News Editor
 Igor Kutyaev/iStock via Getty Images
C3.ai (NYSE: AI) continued to move higher on Wednesday, gaining nearly 3%, as investors have continued to flock to the artificial intelligence software company since the start of the 2023.
Over the past five trading sessions, C3.ai ( AI) has gained more than 35% and more than 83% year-to-date.
Earlier this week, C3.ai ( AI), which is run by renowned software executive Thomas Siebel, unveiled a new artificial intelligence focused product suite, known as C3 Generative AI Product Suite.
The new suite uses natural language to "rapidly locate, retrieve, and present all relevant data across the entire corpus of an enterprise’s information systems."
C3.ai ( AI) added that the suite integrates other AI systems, including Open AI's ChatGPT, as well as offerings from Google ( GOOG) ( GOOGL) and academics, into its enterprise AI products.
Last month, Morgan Stanley listed C3.ai ( AI) among popular takeover targets for private equity. |
