C3.ai, Inc. (NYSE:AI) JMP Securities Technology Conference March 7, 2022 6:00 PM ET
Company Participants
Thomas Siebel - Founder, CEO & Chairman
Conference Call Participants
Patrick Walravens - JMP Securities
Patrick Walravens
All right. Great. Why don't we go ahead and get started. So look, this is a huge treat. We got to change the slide. It's not Pegasystems anymore. Thank you very much. We're just delighted to have Tom Siebel, who is the Founder and the CEO of C3 AI, and is one of the longest-serving and most successful executives in the technology industry. I don't think that's an exaggeration.
And so Tom, if you would, just for anyone who doesn't know, if you can give us just 2 minutes on C3, and then we'll talk a little bit about the evolution of the business, and we'll get into some current topics.
Thomas Siebel
We started work in January 2009, and the idea was to build a software platform that would allow companies to take advantage of elastic cloud computing, big data, the Internet of Things and predictive analytics. So this is about enterprise AI. And we spent the better part of a decade and hundreds of millions, approaching $1 billion building this software stack that provides all of the software services and this is necessary for companies to design, develop, provision, operate for these very large-scale enterprise AI applications.
On top of that, we've built 42, I think, 40 or 42 turnkey enterprise applications that address the value chains of utilities, defense, intelligence, aerospace, oil and gas, utilities, manufacturing and financial services. And so that is our -- that is the game that we play.
We're addressing what IDC presents as almost a $300 billion software market this year, growing to, I think, almost a $600 billion software market in 2025. I believe we're
- Read more current AI analysis and news
- View all earnings call transcripts