C3.ai (NYSE:AI) stock is making moves today following the announcement of its expanded partnership with Amazon (NASDAQ:AMZN). According to a press release, C3.ai will be providing its AI solutions to address critical challenges for customers in various markets, including manufacturing, power and utilities, and consumer packaged goods. Thomas Siebel, CEO of C3.ai, expressed enthusiasm about the collaboration, stating that they are focused on creating an easy onboarding process for customers to see immediate value from generative AI.
This partnership with Amazon highlights the value of C3.ai’s AI services and continues a long-standing relationship between the two companies since 2016. The positive results seen so far from C3.ai’s software have likely contributed to Amazon’s satisfaction with the collaboration.
As a result of this news, AI stock is up 2.3% with 2.6 million shares being traded on Wednesday morning. The company’s daily average trading volume is approximately 8.1 million shares.
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