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Insider sources reveal that C3 AI, a U.S.-based enterprise AI software provider, is currently evaluating the option of selling the company. This development follows the resignation of founder Thomas Siebel from the CEO position due to health concerns. Sources indicate that the sale process is still in its nascent phase, and alternative strategies, such as securing funds from private investors, are also on the table. C3 AI offers platforms to entities like Shell and the U.S. Air Force, aiding them in the creation and management of extensive AI applications. Its tools enjoy widespread adoption within the U.S. government and across sectors including energy and manufacturing. However, the company's stock has plummeted by over 54% since the start of the year, a decline attributed to its weakening financial performance and uncertainties surrounding its strategy and leadership.
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