Shares of C3.ai Inc (NYSE: AI) surged following the announcement of its partnership with ChatGPT, but not everyone is convinced of the company’s profitability.
What Happened: Short seller Spruce Point Capital reaffirmed its recent report on C3.ai Tuesday, doubling down on claims that there is limited evidence that the company generates profits. C3.ai replied with what Spruce Point calls “puff pieces” to four questions it had.
Read also: ‘Major Problem:’ Elon Musk Reacts To Analysis Calling ChatGPT’s Safety Layer ‘Very Biased’
According to Spruce Point’s short report issued last week, C3’s generative AI product has no mention in any SEC filing, and interviews with former employees suggest …
