C3.ai reports 21% revenue increase to $87.2M, but net loss improves only slightly; CEO remains optimistic despite concerns on AI spending and financial health.

C3.ai, an AI software provider, reported a 21% revenue increase to $87.2 million, but its net loss only slightly improved, from $64.4 million to $62.8 million. CEO Thomas Siebel remains optimistic about future profitability, though concerns persist regarding the company's financial health and a potential slowdown in AI spending. Gartner forecasts that a significant portion of generative AI projects may be abandoned, prompting caution among investors.

September 19, 2024
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