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flag C3 AI explores sale after CEO Thomas Siebel stepped down due to health issues, amid financial struggles and stock decline.

flag C3 AI is exploring a potential sale and other strategic options after founder-CEO Thomas Siebel stepped down due to health issues, including an autoimmune disease causing vision loss. flag The Redwood City-based company, which serves clients like Shell, the U.S. Air Force, and government agencies, reported a 19% revenue drop and $116.8 million net loss in its fiscal first quarter, leading to the withdrawal of its full-year outlook. flag Stephen Ehikian, a Salesforce veteran, took over as CEO in September. flag The company, valued at about $2.15 billion, has seen its stock fall over 54% year-to-date. flag No official comment has been issued.

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