C3.ai Inc Shares Surge After Microsoft Partnership

Investing.com – C3.ai Inc (NYSE: AI) shares surged nearly 20% in early trading on Tuesday following an expanded partnership with Microsoft (NASDAQ: MSFT) aimed at accelerating AI solution adoption on the Azure cloud platform.

The stock rose by 19.7% to $31.20, marking a year-to-date gain of approximately 9%.

Under this partnership, C3.ai’s entire suite of enterprise AI applications, including generative AI solutions, will be integrated into Microsoft Azure, facilitating easier access for enterprise customers. The collaboration will also cover joint product development, marketing, and sales initiatives to encourage the use of AI-powered tools for various applications, including supply chain optimization, predictive maintenance, and ESG goal tracking.

C3AI CEO Thomas M. Siebel stated, "This strategic alliance accelerates the adoption of Enterprise AI, benefiting customers with broadly available enterprise AI application software to achieve rapid time-to-value in supply chain optimization, production optimization, predictive maintenance, government efficiency, ESG goal attainment, and energy management."

C3.ai's standing as a preferred AI application provider for Azure, combined with Microsoft's role as the cloud provider for C3.ai’s solutions, highlights the increasing demand for enterprise-ready AI options. The two companies have collaborated since 2018, providing scalable AI tools to major clients such as Dow Inc (NYSE: DOW) and Shell (LON: SHEL) Plc.