C3.ai Positioned for AI Growth Despite Slowing Revenue
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Nvidia, Microsoft, and Amazon are leaders in AI, but smaller company C3.ai could also see growth. It provides enterprise AI solutions and partners with major cloud platforms.
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C3.ai has over 40 industry-specific AI applications and saw an 80% increase in customer engagements last quarter.
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Revenue growth slowed as C3.ai shifted to a consumption pricing model, but is now reaccelerating. Recent quarter revenue grew 18%.
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C3.ai is not yet profitable, but has over $700 million in cash to fund growth. Profitability could improve with the new pricing model.
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As AI adds trillions to the global economy, C3.ai could capture significant upside if it continues gaining traction. It provides an alternative AI investment to the major tech players.