C3.ai, Inc. (NYSE:AI) Q2 2024 Earnings Call Transcript

So, this is a stack of data. I will be there on Monday — that is by next Monday. I will be in Washington, D.C., showing this to our customers with a generative AI front end. So, think about this as a Mosaic browser front end where a general officer can ask any question about — this a 100-terabyte production system. This is one of the largest production enterprise AI applications in existence. Okay? And that person will be able to ask on Monday, be able to ask any question that you could ask of the weapon system, for example, where aircraft are operative at Travis Air Force Base now? What is my cost of operating the B-1 bomber program in the last year? What is the — as it relates to F-35, where are my largest part shortages? And rather than going through some cold war era, menu-based SAP or even — I don’t want to take shots at SAP enterprise information system user interface that looks like your Bloomberg terminal, which is — I have one I guess, it’s unusable.

It’ll just be a Mosaic browser, you could ask any questions and get the answer related to any one of these weapon systems in the United States Air Force, I guess, their production data. And we will show it on Monday, on Tuesday, on Wednesday. And I am telling you we expect some light bulbs to flash.

Owen Hobbs: And if I could sneak one last one in for you Juho. Can you please explain the dynamics between the increase in accounts receivable from last quarter to this quarter, despite revenues kind of staying flattish?

Juho Parkkinen: Well, accounts receivable is timing of invoicing. So obviously, when we drop an invoice, it shows up in the accounts receivable. So it’s just timing of invoicing.

Tom Siebel: Ladies and gentlemen, I think we’re at end of program. We appreciate your time and your attention. And thank you very much. And we look forward to talking with you next quarter. Standby, it does appear to be a game-on in the AI industry at global scale, and I can assure you we are very much in the game. So, thank you all. And we’re signing off.

Operator: Thank you. Ladies and gentlemen, this does conclude today’s conference. Thank you all for participating, and have a good night. You may now disconnect.