C3.ai Soars 21% on Microsoft Alliance: Boosting Enterprise AI Adoption
Tuesday, Nov 19, 2024 12:23 pm ET
3min read C3.ai (NYSE: AI) shares surged 21% on Monday, November 18, following the announcement of a strategic alliance with Microsoft (NASDAQ: MSFT) to accelerate the adoption of Enterprise AI on Microsoft Azure. The partnership, unveiled at Microsoft Ignite, combines C3 AI's Enterprise AI application software, including C3 Generative AI, with Azure's robust ecosystem, benefiting enterprises globally.
The alliance positions Microsoft as C3 AI's preferred cloud provider and establishes C3 AI as a preferred AI application software provider on Azure. Under the agreement, C3 AI's full suite of Enterprise AI applications will be readily available on the Microsoft Commercial Cloud Portal, enhancing customer access. Regular roadmap alignment sessions will ensure C3 AI's solutions evolve with Azure's capabilities and dynamic customer requirements, unlocking new offerings and benefits for customers.
Joint delivery and sales efforts, such as co-hosted webinars, sales training, and collaborative marketing campaigns, will promote integrated solutions and assure the success of joint customers. C3 AI Enterprise AI applications will be orderable on the Azure Marketplace, with C3 AI and Microsoft engaging in sales, marketing, and support coordination to assure the success of joint customers.
Immediately available solutions include C3 AI Energy Management, ESG, Reliability, Sourcing Optimization, Property Appraisal, Generative AI for Public Benefits, and Demand Forecasting. The alliance focuses on product innovation and integration, joint marketing, sales, and customer support to accelerate the cross-industry adoption of Enterprise AI and Azure.
Thomas M. Siebel, Chairman and CEO of C3 AI, stated, "C3 AI has pioneered Enterprise AI for over a decade, accelerated by collaboration with Microsoft to enable iconic organizations to solve some of the hardest business challenges of the 21st century." Judson Althoff, executive vice president and chief commercial officer at Microsoft, added, "C3 AI and Microsoft are committed to helping enterprise organizations across industries address complex challenges with AI to accelerate their business transformation and sustainability goals."
The strategic alliance between C3 AI and Microsoft is expected to drive significant synergies in enterprise AI adoption. By integrating C3 AI's Enterprise AI applications with Microsoft Azure's robust ecosystem, the partnership will enhance accessibility and accelerate time-to-value for customers. Key synergies include enhanced accessibility, innovative product development, joint sales and marketing, and preferred cloud provider status.
In conclusion, C3.ai's strategic alliance with Microsoft is set to strengthen its competitive position on Azure. As C3.ai becomes the preferred AI application software provider on Azure, it gains access to Microsoft's extensive ecosystem, enhancing market reach and distribution. This alliance brings immediate availability of C3.ai's entire enterprise suite through Azure's marketplace, potentially accelerating sales cycles and revenue growth. The partnership includes important elements like technical integration, joint product development, and coordinated sales efforts, which could further bolster C3.ai's competitive edge.
The alliance positions Microsoft as C3 AI's preferred cloud provider and establishes C3 AI as a preferred AI application software provider on Azure. Under the agreement, C3 AI's full suite of Enterprise AI applications will be readily available on the Microsoft Commercial Cloud Portal, enhancing customer access. Regular roadmap alignment sessions will ensure C3 AI's solutions evolve with Azure's capabilities and dynamic customer requirements, unlocking new offerings and benefits for customers.
Joint delivery and sales efforts, such as co-hosted webinars, sales training, and collaborative marketing campaigns, will promote integrated solutions and assure the success of joint customers. C3 AI Enterprise AI applications will be orderable on the Azure Marketplace, with C3 AI and Microsoft engaging in sales, marketing, and support coordination to assure the success of joint customers.
Immediately available solutions include C3 AI Energy Management, ESG, Reliability, Sourcing Optimization, Property Appraisal, Generative AI for Public Benefits, and Demand Forecasting. The alliance focuses on product innovation and integration, joint marketing, sales, and customer support to accelerate the cross-industry adoption of Enterprise AI and Azure.
Thomas M. Siebel, Chairman and CEO of C3 AI, stated, "C3 AI has pioneered Enterprise AI for over a decade, accelerated by collaboration with Microsoft to enable iconic organizations to solve some of the hardest business challenges of the 21st century." Judson Althoff, executive vice president and chief commercial officer at Microsoft, added, "C3 AI and Microsoft are committed to helping enterprise organizations across industries address complex challenges with AI to accelerate their business transformation and sustainability goals."
The strategic alliance between C3 AI and Microsoft is expected to drive significant synergies in enterprise AI adoption. By integrating C3 AI's Enterprise AI applications with Microsoft Azure's robust ecosystem, the partnership will enhance accessibility and accelerate time-to-value for customers. Key synergies include enhanced accessibility, innovative product development, joint sales and marketing, and preferred cloud provider status.
In conclusion, C3.ai's strategic alliance with Microsoft is set to strengthen its competitive position on Azure. As C3.ai becomes the preferred AI application software provider on Azure, it gains access to Microsoft's extensive ecosystem, enhancing market reach and distribution. This alliance brings immediate availability of C3.ai's entire enterprise suite through Azure's marketplace, potentially accelerating sales cycles and revenue growth. The partnership includes important elements like technical integration, joint product development, and coordinated sales efforts, which could further bolster C3.ai's competitive edge.
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