C3.ai CEO Tom Siebel spoke at the CNBC Disruptor 50 Enterprise Dinner in New York City about the threats and opportunities of digital transformation.
Siebel was interviewed by CNBC reporter Julia Boorstin in a fireside Q&A discussion on using AI at scale across industries. Executives from established companies attended the dinner to hear from Siebel, a technology pioneer, and learn how to embrace AI and evolve operations to become more competitive.
Siebel discussed how some of the largest organizations in industries such as manufacturing, defense, oil and gas, energy, and aerospace are taking action to continuously evolve and create new economic value. Siebel offered real-life examples of C3.ai’s global customers, including Royal Dutch Shell, John Deere, and Bank of America, and the operational efficiencies they achieve by deploying AI applications at scale.
Siebel drew a parallel between evolutionary events that led to profound ecosystem changes with today’s “mass extinction” disruption in business. Siebel noted that 52% of the Fortune 500 has disappeared in the last 18 years after being replaced by ‘digital native’ companies such as Amazon and Uber.
The dinner stemmed from the CNBC Disruptor 50, an annual list honoring private companies boosting the economy and shaping their respective industries. C3.ai’s success in helping its customers accelerate and adopt digital transformation at scale led the company to be selected as a Disruptor in 2018.