C3.ai stock up nearly 16% in pre-market trading as talks of a merger with Automation Anywhere emerge. Deal could result in Automation Anywhere acquiring C3.ai and going public. C3.ai offers enterprise AI software; Automation Anywhere valued at $6.8 billion in 2019. C3.ai founder Thomas Siebel steps down as CEO amid merger talks.

C3.ai Inc. saw its stock (NYSE: AI) experience a significant surge of 15.87% in the pre-market trading session on Wednesday. Reports have emerged indicating that discussions are underway for a potential merger between C3.ai, an enterprise AI software provider, and Automation Anywhere, a software company. If this merger indeed materializes, it would entail Automation Anywhere acquiring C3.ai and subsequently launching as a publicly traded entity. C3.ai specializes in supplying enterprise AI software utilized by various clients, including the likes of the U.S. Air Force, operating across sectors such as energy and manufacturing. On the other hand, Automation Anywhere is focused on developing task-automation software and was previously valued at $6.8 billion by private investors in 2019. Following the departure of C3.ai's founder, Thomas Siebel, from the CEO position, the company is yet to formally comment on this potential deal. This development marks a notable event in the industry landscape and the full details can be found on platforms like Benzinga.com.