C3.ai has gone through multiple business iterations. The company still remains far from profitability.
C3.ai investors were decimated as AI stock fell 45% through its recent lows. C3's unprofitability and transition to a consumption-based revenue model are critical headwinds. C3 must demonstrate a faster conversion for its generative AI pilots to improve the market's confidence.
Investors are eager to see the Federal Reserve cut interest rates, the sooner the better. Core inflation is cooling, but not as quickly as the Fed would like.
C3.ai, Inc. (NYSE:AI ) Needham 19th Annual Technology, Media & Consumer Conference May 16, 2024 11:45 AM ET Company Participants Thomas Siebel - Chairman and Chief Executive Officer Conference Call Participants Mike Cikos - Needham & Company Mike Cikos Great. Thank you to everyone for joining us today.