stock is soaring Tuesday after the company announced the launch of a set of tools for generative artificial intelligence applications, jumping into the middle of what might be the hottest trend in the technology segment.
Some generative AI tools, most notably the uber-trendy ChatGPT app from OpenAI, allow the use of conversational language to make queries to large databases. Others, like OpenAI’s DALL-E2 application, create images in response to text-based requests.
C3.ai’s (ticker: AI) tool incorporates ChatGPT, which OpenAI makes available for license.
C3.ai said it is launching a suite of generative AI tools, starting with “C3 Generative AI for Enterprise Search.” The company said the new offering gives enterprise users a way to use natural language queries “to rapidly locate, retrieve, and present all relevant data across the entire corpus of an enterprise’s information systems.”
The company said it is integrating “the latest AI capabilities” from Open AI,
(GOOGL) unit Google, and academia, including ChatGPT, into C3 AI’s enterprise AI products.
“C3 Generative AI fundamentally changes the human computer interaction model of enterprise application software,” C3.ai CEO Thomas Siebel said in a statement. “Combining the full potential of natural language, generative pre-trained transformers, enterprise AI, and predictive analytics will change everything about enterprise computing.”
The company said its software will “accelerate transformation efforts across business functions and industries, including supply chain, sustainability, reliability, CRM, ESG, aerospace, oil and gas, utilities, CPG, healthcare, financial services, and defense and intelligence.”
C3.ai said the new software is scheduled for general release in March 2023.
C3.ai stock has spiked 29% on the news to $21.04 in Tuesday trading.
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