C3.ai stock (AI) is taking a hit in Thursday trading after the artificial intelligence developer reported a larger-than-expected loss in its fiscal third quarter (a loss of $0.40 per share vs.

C3.ai (NYSE:AI) has appointed Stephen Ehikian as CEO following the departure of founder Tom Siebel. The company announced a 26% global workforce reduction as part of a broad restructuring effort.

C3.ai board member Jim Snabe recently made a significant insider purchase of NYSE:AI shares. The buy comes during an ongoing restructuring that includes cost-cutting, layoffs, and operational ...