Microsoft doubles its money after backing C3.ai as it goes public

▤ Summary

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Microsoft has already picked up a gain on its investment in artificial-intelligence software maker C3.ai as C3 debuts on the New York Stock Exchange. The deal shows how serving as one of a handful of big providers of cloud infrastructure can open up financial opportunities. Microsoft rival Salesforce has made it a practice to buy shares in relevant tech companies that are on the verge of going public. Its made these deals, known as concurrent private investments, with companies like Dropbox, Zoom, and most recently with Snowflake.

▦ Linked Companies

Microsoft

$1B+