C3.ai (NYSE: AI) gained a lot of attention when it went public last December, for three main reasons. First, it was founded and led by Thomas Siebel, who previously founded the enterprise software company Siebel Systems and oversaw its sale to Oracle for $5.85 billion in 2006. Second, C3.ai dazzled investors with its 71% sales growth in fiscal 2020, which accelerated from its 48% growth in fiscal 2019.
Palantir (NYSE: PLTR) and IBM (NYSE: IBM) are two very different types of tech companies. Palantir's market value has tripled since its direct listing last September, thanks to the robust growth of its data mining and AI platforms. IBM, which went public 110 years ago, has lost about a fifth of its value over the past decade as it struggled to grow its legacy businesses.
Alphabet unit Google on Tuesday said deals with Android phone makers that landed it a record 4.3-billion-euro ($5 billion) antitrust fine boosted competition and rejected EU charges they were a carrot-and-stick tactic that stifled rivals. Google was addressing the second day of a week-long hearing as it tries to get Europe's second-highest court to annul the fine and a European Commission order to make it loosen its search engine grip on Android devices. Lawyers for Google and the EU competition executive clashed over the company's Mobile Application Distribution Agreements (MADAs) that require phone makers (OEMs) to pre-install the Google Search app and Chrome browser app in return for licensing Google Play for free.