Will C3.ai Be Worth More Than Microsoft by 2030?
Microsoft (NASDAQ: MSFT) and C3.ai (NYSE: AI) could both profit from the burgeoning market for "generative" AI services, which process existing data into fresh ideas. Microsoft is the top investor in OpenAI, the startup that created ChatGPT, and it's already integrated those tools into its Bing search engine and Azure cloud services.
C3.ai develops AI algorithms that can be integrated into an organization's existing software to automate tasks, improve employee safety, and detect fraud. It also recently launched new dedicated tools for ChatGPT and other generative AI platforms. The market's growing interest in generative AI caused C3's stock to more than double to about $25 this year. But that's still far below its IPO price of $42 from December 2020.
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Source Fool.com
