Jan 27 (Reuters) – Enterprise artificial intelligence software provider C3.AI is in talks to merge \u200bwith software company Automation Anywhere, The Information \u200creported on Tuesday, citing people familiar with the discussions.<\/p>\n
If the \u200cdeal materializes, Automation Anywhere would buy C3.AI and go public as a result, the report added.<\/p>\n
Reuters could not immediately verify the report. C3.AI and \u2060Automation Anywhere did \u200cnot immediately respond to a Reuters request for comment.<\/p>\n
California-based C3 offers a \u200dplatform that enables clients, including the U.S. Air Force, to develop and operate large-scale AI applications. Its AI \u200btools are used across the U.S. government \u200cas well as in the energy and manufacturing sectors.<\/p>\n
Automation Anywhere develops software to automate repetitive tasks. Private investors valued the company at $6.8 billion in 2019, according to The Information report.<\/p>\n
Reuters reported \u2060exclusively late last year that \u200bC3.AI was exploring a potential \u200bsale, among other options, after its founder Thomas Siebel stepped down as CEO.<\/p>\n
C3 \u200dAI’s stock \u2060has fallen more than 59% in the last one year amid worsening financial performance and \u2060uncertainty over its strategy and leadership.<\/p>\n
(Reporting by Akanksha Khushi \u200cin Bengaluru; Editing by Rashmi Aich, Sherry \u200cJacob-Phillips and Sonia Cheema)<\/p>\n","protected":false},"excerpt":{"rendered":"Jan 27 (Reuters) – Enterprise artificial intelligence software provider C3.AI is in talks to merge \u200bwith software company…\n","protected":false},"author":2,"featured_media":438071,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,6304,276,181754,277,181753,181755,181756,49,48,18036,61],"class_list":["post-438070","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-ai-applications","tag-artificial-intelligence","tag-artificial-intelligence-software","tag-artificialintelligence","tag-automation-anywhere","tag-c3","tag-c3-ai","tag-ca","tag-canada","tag-software-company","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/438070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=438070"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/438070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/438071"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=438070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=438070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=438070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}