Amazon Is Boosting C3.ai Stock Tuesday: What's Going On?

C3.Ai Inc AI shares are trading higher Tuesday after the company announced an expanded collaboration agreement with Amazon Web Services.

What Happened: C3.ai expanded its strategic collaboration with Amazon.com Inc's AMZN AWS to deliver AI solutions to help customers solve business challenges. 

The enterprise AI application software company will pair its software with AWS's scalability, innovation and agility. The C3 Generative AI Suite, the C3 AI Platform and C3 AI applications all run on AWS.

"We've seen continued enthusiasm in the C3 Generative AI Suite since its launch, and as interest continues to grow, our collaboration is focused on building a quick and easy onboarding process so our shared customers can start seeing immediate value from generative AI," said Thomas Siebel, CEO of C3.ai.

"Our teams are dedicated to creating tightly integrated solutions so organizations can increase efficiency through faster data retrieval and analysis and accelerate value creation by getting many users onboarded quickly."

See Also: Amazon To Focus On Delivering Free Games, Plans To Slash 'Just Over' 180 Jobs

AI Price Action: C3.ai shares were up 7.3% at $29.62 at the time of publication, according to Benzinga Pro.

Photo: courtesy of Amazon.