C3 AI reports declining revenue, announces new CEO to replace Siebel

The C3.ai logo is seen near a computer motherboard in this illustration taken on Jan. 8, 2024.Shares of the enterprise artificial intelligence company C3 AI fell 14% in extended trading on Wednesday after it announced fiscal first-quarter results and the appointment of Stephen Ehikian as its new CEO.C3 AI reported $70.3 million in revenue for the quarter, down from $87.2 million during the same period last year. The company's GAAP net loss widened to an 86-cent loss from a 50-cent loss a year ago.Ehikian is ...