2024-02-13 10:38:50 ET
Summary
- There will be winners in the AI space as well as losers. The expected growth of AI does not necessarily mean that every company with big promises will deliver.
- C3.ai is an enterprise AI software company specializing in customizable AI applications for large-scale deployments.
- One thing C3 has done right in the past decade is changing its corporate name to embrace the latest technological innovations. I cannot say the same about its financial performance.
- C3 is bound to face stiff competition in the future, limiting its revenue growth potential. Substantial investments, on the other hand, will limit earnings growth potential.
AI technology promises to change humankind. This innovative technology, contrary to the understanding of some, is not limited to just chatbots. In fact, the roots of AI go back to the 1950s. In recent times, particularly following the launch of ChatGPT in late 2022, AI has come to the forefront of global technological innovation with Big Tech companies pledging multi-billion-dollar investments to develop AI applications. There will be winners in the AI space as well as losers. The expected growth of AI does not necessarily mean that every company with big promises will deliver on these promises....
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C3.ai's Earnings May Never Meet Expectations, Avoid The Hype