by Anusuya Lahiri, Benzinga Editor

September 20, 2022 2:11 PM | 1 min learn

C3 AI Product Demo Impresses Analyst As It Migrates To Consumption-Based Model
  • Needham analyst Mike Cikos reiterated a Hold on C3.ai, Inc AI.

  • He listened to final week’s C3 AI product demo, one among a number of application-specific webinars the corporate is internet hosting to make its merchandise extra accessible and clarify the expertise’s worth proposition.

  • On September 2, Cikos downgraded the stock calling its shift towards a consumption mannequin “crucial however time-consuming.”

  • For C3 AI CRM, he was impressed by the quantity of knowledge sources the corporate can ingest to tune and feed Machine-Studying fashions for use-cases similar to Precision Gross sales Forecasting and Value Optimization. 

  • The magnitude of enchancment by way of C3 AI CRM’s predictive analytics is spectacular. Nonetheless, deployment occasions want to hurry up from the present vary of 8 weeks to 6-plus months – relying on the customization required. 

  • To this finish, C3 AI has articulated its imaginative and prescient of migrating to a Consumption-based mannequin, which aligns with the pricing mannequin for the corporate’s rising strategic Alphabet Inc. GOOG GOOGL Google Cloud relationship.

  • Additionally Learn: C3.ai Shifts From Subscription To Consumption Model, Analysts Highlight Massive Addressable Market Opportunity

  • Value Motion: AI shares traded decrease by 3.49% at $13.54 on the final test Tuesday.

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