C3 AI, LyondellBasell ink 5-year expanded deal to accelerate enterprise AI

• C3 AI (NYSE:AI) and LyondellBasell (NYSE:LYB) announced a 5-year expansion of their strategic agreement to accelerate the deployment of enterprise, data-driven AI and machine-learning applications on the C3 AI Suite across LYB.
• LYB will use C3 AI's technology and real-time data management platform to transform its operations, generate value for shareholders and customers, and advance competitiveness.
• Since the start of their collaboration in 2020, LYB and C3 AI accelerated value creation by developing solutions to improve asset optimization, supply chain optimization, and plant reliability.
• "We believe our close collaboration (with LYB) will shape the global market for enterprise AI applications in the chemicals industry," said C3 AI CEO Thomas Siebel.

Comments

[RWilliam]

Long AI and LYB. I picked up shares again on AI, starter position. At 50-60% lower then I sold at a small loss. My LYB position is 30x bigger!

[Dougmayer]

Bit by bit this thing is coming together.