C3.ai Shares Soar 133% in 2023

<p>Shares in C3&period;ai were up 18&percnt; Friday to close at &dollar;25&period;68 and are up 133&percnt; so far in 2023&period;<&sol;p>&NewLine;<p>The company provides enterprise businesses with AI applications which is the hot technology in Silicon Valley after the release of ChatGPT in November&period;<&sol;p>&NewLine;<p>Last week&comma; C3&period;ai announced the launch of the C3 Generative AI Product Suite with the release of its first product — C3 Generative AI for Enterprise Search&period;<&sol;p>&NewLine;<p>C3 Generative AI for Enterprise Search provides enterprise users with a transformative user experience using a natural language interface to rapidly locate&comma; retrieve&comma; and present all relevant data across the entire corpus of an enterprise’s information systems&period;<&sol;p>&NewLine;<p>The C3 Generative AI Product Suite integrates the latest AI capabilities from organizations such as Open AI&comma; Google&comma; and academia&comma; and the most advanced models&comma; such as ChatGPT and GPT-3 into C3 AI’s enterprise AI products&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;C3 Generative AI fundamentally changes the human computer interaction model of enterprise application software&comma;” said C3 AI CEO Thomas Siebel&period; &OpenCurlyDoubleQuote;Combining the full potential of natural language&comma; generative pre-trained transformers&comma; enterprise AI&comma; and predictive analytics will change everything about enterprise computing&period;”<&sol;p>&NewLine;<p>Siebel is a long-time Silicon Valley entrepreneur who founded software company Siebel Systems in 1993 and sold it to Oracle in 2005 for &dollar;5&period;8 billion&period;<&sol;p>&NewLine;<p>The C3 Generative AI Product Suite embeds advanced transformer models with C3 AI’s pre-built AI applications accelerating customers’ ability to leverage these models across their value chains&period; C3 Generative AI will accelerate transformation efforts across business functions and industries&comma; including supply chain&comma; sustainability&comma; reliability&comma; CRM&comma; ESG&comma; aerospace&comma; oil &&num;038&semi; gas&comma; utilities&comma; CPG&comma; healthcare&comma; financial services&comma; and defense and intelligence&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This is game changing for U&period;S&period; DoD&comma; game changing for the U&period;S&period; intelligence community&comma; and game changing for ubiquitous information access and insight&comma;” said Lt&period; Gen&period; Ed Cardon &lpar;Ret&period;&rpar;&comma; former commanding general of the U&period;S&period; Army Cyber Command&period; &OpenCurlyDoubleQuote;This technology breakthrough can help dissolve the biggest barrier that we have to effective action&comma; which is access to timely&comma; accurate information and insight at all levels of the organization&period;”<&sol;p>&NewLine;<p>C3 Generative AI is scheduled for general release in March 2023 and will be featured at the C3 Transform international users’ group conference in Boca Raton&comma; FL on March 7&comma; 2023&period;<&sol;p>&NewLine;