“The opportunity in Gen AI is just staggering,” C3.ai CEO Tom Siebel told Barron’s.
Chris J. Ratcliffe/Bloomberg
C3.ai
CEO Tom Siebel thinks he has a tiger by the tail, and he’s not going to let Wall Street’s concerns get in his way.
Late Wednesday C3.ai reported earnings for the company’s October quarter that left the Street disappointed with both the results and the company’s guidance.
C3.ai shares on Thursday are 10.7% lower to $26.05, but remain 133% higher for the year to date. Siebel, for one, isn’t concerned with a one-day move in the company’s generally volatile shares.
Here’s the situation. Growth in recent quarters has fallen short of where it was two years ago, a situation Siebel says is least in part reflects a business model transition—the…
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