On June 24th, 2019, C3.ai, a provider of an IoT/AI application development platform, and Baker Hughes, a large Oil and Gas service company, announced a joint venture. The announcement is a significant win for C3.ai, who can leverage Baker Hughes size and reach to scale its business, and for Baker Hughes, who can leverage the new IoT/AI solutions it will build with C3.ai to create market differentiation.
