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If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."

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Artificial-Intelligence Software Company C3.ai Raised Its Expected IPO Price Range

#artificialintelligenceDec-8-2020, 01:00:36 GMT

C3.ai is expected to go public on Wednesday. The company will have about 109 million fully diluted shares outstanding after the offering and two concurrent private placements: Microsoft (MSFT) has agreed to buy $50 million of stock at the IPO price, while Spring Creek Capital, an affiliate of Koch Industries, has pledged to invest $100 million on the same basis. At the top of the range, the company would be worth about $4.1 billion. The company will trade on the New York Stock Exchange under the symbol AI. The underwriting group for the deal is led by Morgan Stanley, J.P. Morgan and BofA Securities.

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