C3.ai cuts 26% of staff as CEO admits failing to deliver and ‘burning too much money’
C3.ai (AI) is learning the hard way that “conviction” doesn’t pay the bills. “We missed this quarter, period,” CEO Stephen Ehikian said in Yahoo Finance’s opening offering. “I’m not going to sugarcoat that… that’s on me.” In a remarkably forceful admission following the results, Ehikian stated that “the reality is that we were burning too…