C3.ai pops on heavy volume after CEO Siebel touts company in interview
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C3.ai (NYSE:AI) shares rose nearly 6% on Wednesday on heavier-than-normal volume, one day after CEO Thomas Siebel touted the company's offerings in a new interview.
Speaking to Bloomberg, Siebel said C3.ai (AI) would be competitive with its offerings despite the rise of several artificial intelligence-focused startups.

"C3.ai is the world's leading provider of enterprise AI application software," Siebel said. "And if you think AI is going to influence the enterprise in a big way, then I think this represents a staggeringly large addressable market opportunity."
Late last month, the Siebel-led company announced it was introducing a new artificial intelligence focused product suite. The new suite, known as C3 Generative AI Product Suite, uses natural language to "rapidly locate, retrieve, and present all relevant data across the entire corpus of an enterpriseâs information systems."
The suite integrates other AI systems, including Open AI's ChatGPT, as well as offerings from Google (GOOG) (GOOGL) and academics, into its enterprise AI products.
C3.ai (AI) shares fell sharply on Monday after it was reported that U.S. legislators might consider new regulation to cover AI.