Why C3.ai Stock Popped Today
Shares of C3.ai (NYSE: AI), a provider of enterprise artificial intelligence (AI) software, jumped this morning and were up by 4.4% as of 11:38 a.m. ET.
It appears that investors may have taken a liking to the stock today after some technology experts urged a temporary slowdown in AI development. Oddly enough, investors may have taken the suggestion as further proof of the long-term viability of AI tools, pushing C3.ai's stock higher.
Yesterday, Tesla CEO Elon Musk, Apple co-founder Steve Wozniak, researchers at the AI start-up DeepMind, and other technology experts published an open letter to the AI development community asking them to temporarily slow down further experimentation of advanced AI systems to assess how they will impact humans and their jobs.
Source Fool.com
