$AMZN $MSFT $GOOGL partnered w/ $AI $

Note: Needham downgraded $AI this past Friday from BUY to HOLD.

Motley Fool headline: Amazon, Microsoft, and Alphabet Have Partnered With This AI Stock. Is It a Buy?
By Anthony Di Pizio - Sep 2, 2022 at 5:02AM

:pushpin: C3.ai is blazing a trail in an industry it helped to establish.

:pushpin: The company has attracted some of the largest organizations in the world as both customers and partners.

:pushpin: C3.aiโ€™s growth might be slow this fiscal year due to economic challenges, but itโ€™s eyeing a $596 billion opportunity by 2025.

https://www.fool.com/investing/2022/09/02/amazon-microsoft-aโ€ฆ

C3.ai just reported its financial results for the first quarter of fiscal 2023 (ended July 31), and during the period it grew its customer base by 27% year over year to 228 companies. Those companies operate within at least 11 different industries, from tech to finance manufacturing, which highlights the diversity of C3.aiโ€™s AI applications.

As a prime example, C3.aiโ€™s technology is incredibly popular with oil and gas giants, which are seeking advanced AI to help them run cleaner operations. C3.ai helps them reduce carbon emissions and predict critical equipment failures to prevent catastrophic environmental disasters. Global oil behemoth Shell monitors over 13,000 pieces of equipment through C3.ai, with 1.2 million daily data streams.

Technology leaders Amazon, Microsoft, and Alphabet are all collaborating with C3.ai to build upon their expansive cloud services segments. Given the rapid shift to online operations for many businesses, the cloud has become a critical facilitator, and thereโ€™s a race among providers to deliver the most impactful solutions. With Google Cloud specifically, one of C3.aiโ€™s roles is to help small businesses more quickly adopt AI and draw maximum value from their AI applications.

$AI daily chart

https://schrts.co/fwTEGeBg

$AI weekly chart

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