AICoin AI: C3.ai CEO Exit Sparks 20% Plunge as Leadership Crisis Hits Enterprise AI Firm
C3.ai shares crashed more than 20% after founder and CEO Tom Siebel unexpectedly stepped down due to health concerns. The AI pioneer, which Siebel launched in 2009, now confronts a leadership vacuum with no clear successor in place.
Investors reacted strongly to the transition risks facing the enterprise AI provider. Under Siebel's leadership, C3.ai developed over 130 turnkey AI solutions and delivered $389 million in revenue last fiscal year - representing 54% growth over three years.
While executive departures often create near-term volatility, they can also catalyze strategic transformation. The company has retained a global search firm to identify candidates capable of advancing C3.ai's position in the competitive artificial intelligence market.
