Stock Track | C3.ai Soars 7.1% in Pre-Market on Strategic Partnership with McKinsey to Accelerate Enterprise AI

Stock Track

01-22

C3.ai, Inc. (AI) stock soared 7.1% in the pre-market trading session on Wednesday, following the announcement of a strategic alliance with global management consulting firm McKinsey & Company. The partnership aims to accelerate the adoption of Enterprise AI at scale across industries and geographies.

The alliance combines the deep technical expertise of McKinsey's AI practice, QuantumBlack, and its track record of deploying and scaling AI solutions with C3.ai's cutting-edge Enterprise AI software applications. By leveraging their respective strengths, the companies intend to help clients unlock the power of Enterprise AI and AI technologies to realize significant operational improvements and unlock new growth opportunities.

According to C3.ai CEO Thomas M. Siebel, the collaboration with McKinsey's AI arm ensures customers success in their Enterprise AI deployments, focusing on managing risk and delivering a strong return on investment. The alliance will initially focus on turn-key solutions for industries such as energy, manufacturing, and financial services, leveraging the global scale and expertise of both organizations.

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