C3.ai provides enterprise artificial intelligence applications. Originally, the company focused on serving the energy industry. The business has expanded and now covers multiple industries with solutions ranging from predictive maintenance to fraud detection.
C3.ai planned to list on the NYSE under the ticker symbol “AI.” As the CEO, Siebel owns about a 34 percent stake in the company. The other large C3.ai investors include TPG, which owns about 23 percent stake in the business, and Baker Hughes, which owns about 15 percent. The company’s customers include oil major Shell, 3M, and the U.S. Air Force.
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