Winner in a crowded AI space?
- Revenue +6%
- Subscription revenue +11%
- 77% gross margin
- Net loss per share of $0.42
- Subscription revenue +11%
- 77% gross margin
- Net loss per share of $0.42
Good:
- Closed 71 agreements through partner network including Google Cloud, AWS , and Microsoft
- Closed 71 agreements through partner network including Google Cloud, AWS , and Microsoft
- On track to achieve profitability by end of FY2024
- Use of predictive maintenance applications in the U.S. Air Force
Bad:
- Only 17% of bookings were driven by sales of the C3 AI Platform, the remaining 83% were driven by application sales
- Only 17% of bookings were driven by sales of the C3 AI Platform, the remaining 83% were driven by application sales
Management Comments
“The C3 AI platform is increasingly recognised as the gold-standard in enterprise AI; we have over 40 production enterprise AI applications that offer the market rapid time to value”
Concluding Thoughts
- More public companies are increasingly integrating AI into their business models.
- Despite the many use cases for AI, it remains a highly competitive and saturated market.
- It's a wait and see approach as to who will emerge as the winner.
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good Armadillo_2192 : Are you optimistic about next week?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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ZnWC : Thanks for posting an insightful view about AI investment. Personally I think AI will not go far by integrating the technology to business, it needs to synergies with other technology such as Quantum Computer, Blockchain Tech and Autonomous Vehicle (or Robotaxi).
TeslaSmurf ZnWC : I agree with that and the “newcomers” GPT-4, C3-ai etc, may do well BUT, again, they are like Boston Dynamics VS the Tesla Bot: BD are great pioneers and they show compelling robots but they missed the point which is massive innovation (especially in Ai software) and scale production. As soon as Tesla cranks the Bot production line (3 to 5 years but they will produce thousands to test and improve in their own factories in the meantime getting even more cost-efficient = no competition), also BD will be a niche company, producing robots for specific needs as they will NEVER have the real-world interacting AI that ONLY Tesla has (for the incoming data from millions of Teslas on the road), nor Tesla’s software department. I can imagine that Elon’s new X.ai company will have something to say…