C3.ai Sees Surging Demand for AI Apps Amid Shift to Consumption Pricing, Well Positioned for AI Boom Despite Losses
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C3.ai is an early enterprise AI company seeing surging demand for its 40+ ready-made and customizable AI applications.
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It partners with major cloud providers like AWS, Azure, and Google Cloud to offer its AI applications.
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It changed its revenue model to consumption-based pricing, leading to accelerating revenue growth up 18% last quarter.
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Though still losing money investing heavily in growth, it has over $700M in cash to sustain some losses.
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With AI estimated to provide trillions in global economic value soon, C3.ai trading 77% below its all-time high could be a good 10-year buy.