Latest news with #C3AISourcingOptimization
Yahoo
29-05-2025
- Business
- Yahoo
C3 AI and Baker Hughes Extend Joint Venture Through 2028
Inc. (NYSE:AI) and Baker Hughes have renewed and expanded their joint venture agreement. In a statement on May 28, 2025, C3 AI said that the joint venture, established in 2019 to deploy enterprise AI solutions, has a new lease of life through June 2028. A software engineer hosting a remote video training session on a multi-cloud database-as-a-service solution. The joint venture initially targeted the oil and gas and chemical industries, with the earliest customers being Flint Hills Resources, LyondellBasell, ExxonMobil, Petronas, Shell, among others. According to the statement, the enterprise AI deployments have so far helped customers to achieve significant efficiency and sustainability gains. Enterprise AI optimizes production, reduces unplanned downtime, and enhances operational visibility. C3 AI included Baker Hughes in the customers list. Under the expanded agreement, this arrangement will continue, and will cover the latter's internal operations, including C3 AI Sustainability Suite, C3 AI Inventory Optimization, and C3 AI Sourcing Optimization. Both companies plan to increase market activities across the energy and industrial sectors. Thomas M. Siebel, Chairman and CEO of C3 AI stated: 'It's difficult to overestimate the importance of the Baker Hughes partnership to C3 AI and its shareholders. This alliance continues to bring us enormous credibility and market access in oil and gas globally. As a result, we have generated more than half a billion dollars in revenue from the O&G and chemical markets. We are most pleased to expand and extend this strategic partnership with Baker Hughes.' Since its inception in 2019, C3 AI and Baker Hughes have renewed and updated the agreement four times, strengthening their commitment. With this latest renewal, both companies aim to expand market activities and broaden their work across energy and industrial sectors. Inc. (NYSE:AI) is an enterprise AI software company. It provides AI-powered solutions for businesses across industries like manufacturing, healthcare, energy, and defense. Its core product, the C3 AI Platform, enables organizations to develop and deploy AI applications for predictive analytics, automation, and optimization. While we acknowledge the potential of Inc. (NYSE:AI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AI and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
C3 AI and Baker Hughes Extend Joint Venture Through 2028
Inc. (NYSE:AI) and Baker Hughes have renewed and expanded their joint venture agreement. In a statement on May 28, 2025, C3 AI said that the joint venture, established in 2019 to deploy enterprise AI solutions, has a new lease of life through June 2028. A software engineer hosting a remote video training session on a multi-cloud database-as-a-service solution. The joint venture initially targeted the oil and gas and chemical industries, with the earliest customers being Flint Hills Resources, LyondellBasell, ExxonMobil, Petronas, Shell, among others. According to the statement, the enterprise AI deployments have so far helped customers to achieve significant efficiency and sustainability gains. Enterprise AI optimizes production, reduces unplanned downtime, and enhances operational visibility. C3 AI included Baker Hughes in the customers list. Under the expanded agreement, this arrangement will continue, and will cover the latter's internal operations, including C3 AI Sustainability Suite, C3 AI Inventory Optimization, and C3 AI Sourcing Optimization. Both companies plan to increase market activities across the energy and industrial sectors. Thomas M. Siebel, Chairman and CEO of C3 AI stated: 'It's difficult to overestimate the importance of the Baker Hughes partnership to C3 AI and its shareholders. This alliance continues to bring us enormous credibility and market access in oil and gas globally. As a result, we have generated more than half a billion dollars in revenue from the O&G and chemical markets. We are most pleased to expand and extend this strategic partnership with Baker Hughes.' Since its inception in 2019, C3 AI and Baker Hughes have renewed and updated the agreement four times, strengthening their commitment. With this latest renewal, both companies aim to expand market activities and broaden their work across energy and industrial sectors. Inc. (NYSE:AI) is an enterprise AI software company. It provides AI-powered solutions for businesses across industries like manufacturing, healthcare, energy, and defense. Its core product, the C3 AI Platform, enables organizations to develop and deploy AI applications for predictive analytics, automation, and optimization. While we acknowledge the potential of Inc. (NYSE:AI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AI and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
C3 AI and Baker Hughes Renew and Expand Joint Venture Agreement
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- C3 AI (NYSE: AI), the Enterprise AI application software company, and Baker Hughes, an energy technology company, today announced a multi-year renewal and expansion of their joint venture agreement through June 2028. Under the terms of the agreement, C3 AI and Baker Hughes will continue to develop, deliver, and market Enterprise AI solutions to the oil and gas and chemical industries. Since establishing the joint venture in 2019, C3 AI and Baker Hughes have deployed Enterprise AI solutions to Shell, Eni, QatarEnergy LNG, Petronas, ExxonMobil, LyondellBasell, Flint Hills Resources, and more. For customers, these solutions have delivered efficiency and sustainability gains by optimizing production, reducing unplanned downtime, and enhancing operational visibility. C3 AI will also continue to deliver Enterprise AI solutions for internal use at Baker Hughes, who will expand deployments of C3 AI Sourcing Optimization, C3 AI Inventory Optimization, and the C3 AI Sustainability Suite. 'It's difficult to overestimate the importance of the Baker Hughes partnership to C3 AI and its shareholders,' said Thomas M. Siebel, Chairman and CEO, C3 AI. 'This alliance continues to bring us enormous credibility and market access in oil and gas globally. As a result, we have generated more than half a billion dollars in revenue from the O&G and chemical markets. We are most pleased to expand and extend this strategic partnership with Baker Hughes.' 'C3 AI continues to be an important strategic partner of Baker Hughes, supporting our digital transformation and enabling the delivery of Enterprise AI solutions to our customers to drive safer, more sustainable and more productive operations by leveraging the power of Enterprise AI across the energy and industrial value chain,' said Lorenzo Simonelli, Chairman and CEO, Baker Hughes. Since the initiation of this strategic agreement of 2019, C3 AI and Baker Hughes have renewed and amended this agreement four times. Under the renewal, the companies will increase market activities, continuing and expanding work across the energy and industrial sectors. About Inc. C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 Agentic AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise.
