In June, Tom Siebel predicted another recession, this one triggered by the spread of Covid-19. Now as his software business C3.ai goes public on the New York Stock Exchange, the billionaire entrepreneur is glad he was wrong. C3.ai priced at $42 on Tuesday night, selling 15.5 million shares and raising $651 million in new funding. Shares of …
Nine out of ten companies fail when implementing artificial intelligence software, says Tom Siebel, the billionaire founder and chief executive of C3.ai. And in that failure Siebel has found opportunity. C3, which sells software that allows large companies to implement and manage large A.I. applications, saw its shares soar more than 150% in their first …
Tom Siebel on Bloomberg Technology: C3.ai Soars in $651M IPO Read More »
C3.ai, which sells AI software, closes at more than double IPO price on first day of trading, raises $651 million Shares of C3.ai Inc. soared on their first day of trading. The artificial-intelligence software company’s stock closed Wednesday at $92.49, more than double the IPO price. The stock started trading at $100. The company offers …
Company Trading Under Ticker ‘AI’ Rides Tech-Friendly Stock Market in IPO Read More »
Tom Siebel knows he could have raised hundreds of millions more in this week’s IPO by artificial intelligence software company C3.ai after the company’s stock shot up by 120% in its first day of trading. But he says he doesn’t care. “I wasn’t doing this to try to take all the money off the table,” …
C3.ai Chief Tom Siebel Isn’t Worried That Its IPO May Have ‘Left Money on the Table’ Read More »
C3.ai had a spectacular debut in the public market on Wednesday. The artificial intelligence software company priced an offering of 15.5 million shares at $42 a share, above the expected range of $36 to $38 a share, before opening at $100. The stock closed its first day at $92.49, a 120% gain from its IPO price. Among …
Tom Siebel Is Back: An Interview with the CEO and Founder of C3.ai Read More »
Customer relationship management needs to be a system of intelligence, not a record of who did what weeks ago. Microsoft’s Dynamics 365 is a CRM service with plenty of AI-powered tools that you can extend and customise for specific industries. So why is Microsoft working with C3.ai — an AI services company run by Tom Siebel whose eponymous salesforce …