All articles tagged with #microsoft partnership
Since its launch three years ago, ChatGPT has significantly grown, with OpenAI evolving into a startup valued at around $500 billion by 2025, driven by major investments from Microsoft, widespread adoption, and expanding monetization efforts across consumer and enterprise sectors.
Nebius, an AI-focused cloud company emerging from Russia, has seen its stock surge from $20 to $89 in a year, driven by strong revenue growth projections, a major $17.4 billion deal with Microsoft, and strategic partnerships with Nvidia. Its specialized AI infrastructure positions it for a potential valuation exceeding $100 billion by 2030, though risks include high valuation multiples and geopolitical concerns.
C3.ai's stock rose by about 7% in premarket trading after the company reported better-than-expected fiscal Q2 results and raised its full-year revenue guidance. The company posted a smaller-than-expected adjusted loss and saw a reacceleration in subscription revenue growth. C3.ai is investing in marketing and sales, leveraging its partnership with Microsoft, and expects faster sales cycles. However, analysts remain cautious about its growth and profitability outlook, particularly as subscription revenue growth excluding demonstration licenses was modest.
C3.ai's stock surged over 13% following better-than-expected quarterly earnings, with sales growing 29% to $94.3 million and a loss of 6 cents per share, outperforming analyst expectations. The stock has been volatile, influenced by factors like a partnership extension with Microsoft and a shift to consumption-based pricing. Despite recent gains, the stock is not currently considered a buy as it is extended from its latest entry point.
C3.ai reported better-than-expected Q2 results, with a loss of six cents per share and revenue of $94.34 million, marking its seventh consecutive quarter of accelerating revenue growth. Subscription revenue increased by 22% to $81.2 million, and the company highlighted its strategic alliance with Microsoft as a key growth driver. C3.ai's stock rose 12.6% in after-hours trading following the announcement.
Paris-based startup Mistral AI has launched Mistral Large, a high-performance AI model, and a consumer-facing chatbot called Le Chat to compete with industry leaders like ChatGPT. Mistral Large boasts top-tier reasoning capacities and supports multiple languages, while Le Chat is available for free as a beta product and offers different models for users to choose from. The company has also announced a partnership with Microsoft to make its models available to Azure customers, signaling a shift towards a business model similar to OpenAI's.