C3.ai raises outlook as AI interest grows.

C3.ai's stock rose over 23% after the AI company raised its outlook, citing an "accelerating" interest in applying predictive analytics. The company's preliminary revenue release showed total revenue for its fourth fiscal quarter exceeded its own guidance, and it expects a narrower adjusted operating loss than previously expected. C3.ai's CEO has previously stated that AI will soon be a $600 billion addressable software market. The company also released the results of an investigation into allegations brought forth by short sellers Spruce Point Capital and Kerrisdale Capital, finding no irregularities, misrepresentations, or omissions in its prior disclosures.