Snabe Appointed as Special Envoy for Industrial AI
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 22 2026
0mins
Source: Newsfilter
- Appointment Context: Jim Hagemann Snabe has been appointed by the European Commission as Special Envoy for Industrial AI, tasked with advising Commission President Ursula von der Leyen until March 31, 2027, highlighting his significant influence in the global technology sector.
- Scope of Responsibilities: In this role, Snabe will focus on the industrial AI ecosystem, including critical areas such as AI infrastructure, data centers, high-performance computing, and semiconductor supply chains, aimed at advancing AI deployment across Europe.
- Industry Impact: Snabe's appointment has been praised by C3 AI CEO Thomas M. Siebel, who regards him as one of the most respected leaders in global technology and industry, which is expected to enhance Europe's competitiveness in the industrial AI space.
- Career Background: With over three decades of experience in technology and innovation, Snabe has previously served as co-CEO of SAP and held key positions in several globally recognized companies and organizations, showcasing his deep expertise in driving digital transformation for enterprises.
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Analyst Views on AI
Wall Street analysts forecast AI stock price to rise
13 Analyst Rating
4 Buy
6 Hold
3 Sell
Hold
Current: 9.280
Low
18.00
Averages
30.45
High
50.00
Current: 9.280
Low
18.00
Averages
30.45
High
50.00
About AI
C3.ai, Inc. is an enterprise artificial intelligence (AI) application software company. The Company has built a solution that enables its customers to rapidly develop, deploy, and operate enterprise AI applications. It offers families of software solutions, which it collectively refers to as its C3 AI software: The C3 AI Platform, C3 AI Applications, and C3 Generative AI. The C3 AI Platform, its core technology, is a comprehensive, end-to-end application development and runtime environment that is designed to allow its customers to rapidly design, develop, and deploy Enterprise AI applications of any type. Its C3 AI Applications, built using the C3 AI Platform, is a portfolio of pre-built, extensible, industry-specific, and application-specific software-as-a-service offerings (SaaS) Enterprise AI applications that can be rapidly installed and deployed. Its C3 Generative AI combines the utility of large language models, generative AI, reinforcement learning, natural language processing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Virtue AI Appoints New CEO to Drive Growth
- Leadership Transition: Sohaib Shaikh has been appointed as CEO of Virtue AI, while Daniel Le continues as CFO, aiming to leverage their extensive experience in high-growth enterprise software to further expand the company following a remarkable 600% year-over-year growth.
- Accelerated Market Momentum: Since its Series A funding in 2024, Virtue AI has seen a significant surge in market momentum, with a 600% year-over-year growth reflecting not only the demand for its products but also establishing a solid foundation in the competitive AI security landscape.
- Rapid Product Launches: In 2026, Virtue AI launched several new products, including AgentSuite and PolicyGuard, designed to provide comprehensive AI security solutions for enterprises, thereby enhancing its market penetration among leading AI labs and enterprises worldwide.
- Technological Architecture Advantage: The company employs an AI-native architecture that delivers real-time multimodal protection and a unified compliance framework, ensuring outstanding performance in complex systems while supporting various deployment options, further enhancing enterprise flexibility and security.
See More
Snabe Appointed as Special Envoy for Industrial AI
- Appointment Context: Jim Hagemann Snabe has been appointed by the European Commission as Special Envoy for Industrial AI, tasked with advising Commission President Ursula von der Leyen until March 31, 2027, highlighting his significant influence in the global technology sector.
- Scope of Responsibilities: In this role, Snabe will focus on the industrial AI ecosystem, including critical areas such as AI infrastructure, data centers, high-performance computing, and semiconductor supply chains, aimed at advancing AI deployment across Europe.
- Industry Impact: Snabe's appointment has been praised by C3 AI CEO Thomas M. Siebel, who regards him as one of the most respected leaders in global technology and industry, which is expected to enhance Europe's competitiveness in the industrial AI space.
- Career Background: With over three decades of experience in technology and innovation, Snabe has previously served as co-CEO of SAP and held key positions in several globally recognized companies and organizations, showcasing his deep expertise in driving digital transformation for enterprises.
See More
C3.ai CFO Sells Shares to Meet Tax Obligations
- Executive Stock Sale: C3.ai's CFO Hitesh Lath sold 34,210 shares of Class A Common Stock on June 16, 2026, for approximately $375,000, representing 12.80% of his direct holdings, reducing his ownership from 267,316 to 233,106 shares, indicating executive divestment amid a struggling stock price.
- Price Volatility Context: The sale occurred when C3.ai's shares had significantly dropped from last year's 52-week high of $30.11; however, Lath's sale did not raise investor concerns as it was executed to meet tax obligations related to the vesting of restricted stock units.
- Declining Financial Performance: C3.ai reported a revenue of $250.3 million for the fiscal year 2026, a sharp decline from $389.1 million the previous year, with net losses increasing to $470.4 million compared to $288.7 million in the prior year, highlighting ongoing financial struggles.
- Management Changes and Partnerships: Following CEO Thomas Siebel's resignation due to health issues, his return was announced on June 3, coinciding with an expanded partnership with energy giant Shell, which may help the company recover from its sales challenges, although analysts remain cautious about its future outlook.
See More
C3.ai CFO Sells 34,210 Shares Amid Market Decline
- Sale Overview: C3.ai's CFO Hitesh Lath sold 34,210 shares of Class A common stock on June 16, 2026, for approximately $375,000, reflecting a tax obligation fulfillment despite a significant 66.5% drop from last year's 52-week high of $30.11.
- Transaction Structure: The sale involved the exercise of 29,008 options followed by the immediate sale of 34,210 directly-held shares, indicating a reduction in Lath's remaining capacity after several years of net share disposition rather than a change in his selling cadence.
- Post-Sale Holdings: Following the transaction, Lath directly holds 233,106 shares valued at around $2.55 million based on the June 16 market close, alongside 352,077 RSUs, ensuring meaningful ongoing exposure to the company's equity.
- Financial Context: C3.ai reported a revenue of $250.3 million for the fiscal year 2026, a sharp decline from $389.1 million the previous year, with a net loss of $470.4 million, highlighting the challenges faced by the company amid market pressures following the CEO's return.
See More
C3.ai Faces Sales Decline and Restructuring Challenges
- Significant Revenue Decline: C3.ai reported $250.3 million in revenue for fiscal 2026, reflecting a 35% year-over-year decline, indicating severe challenges in customer acquisition and retention that undermine its market competitiveness.
- Escalating Losses: The company incurred a net loss of $470.4 million in fiscal 2026, a 63% increase from the previous year's losses, forcing C3.ai to cut approximately 35% of its workforce to mitigate financial strain.
- Pessimistic Future Revenue Outlook: Management forecasts revenue between $210 million and $240 million for fiscal 2027, suggesting a year-over-year decline even at the upper end, highlighting significant hurdles in returning to growth.
- Stock Valuation Appears Cheap: While C3.ai's price-to-sales ratio stands at 6.1, below the five-year average of 10.5, the forward P/S ratio rises to 6.9 due to declining revenue expectations, indicating that investors should approach the stock with caution despite its falling price.
See More
C3.ai Faces Sales Decline Challenges
- Management Disruption Impact: C3.ai's founder Thomas Siebel stepped down as CEO last year due to health issues, leading to a sharp decline in sales, highlighting the significant impact of management changes on business operations.
- Revenue Decline: C3.ai generated $250.3 million in revenue for fiscal 2026, a staggering 35% drop year-over-year, while the company reported a net loss of $470.4 million, which is 63% higher than the previous year's loss, indicating severe financial challenges.
- Layoffs and Restructuring: In response to declining revenues, C3.ai cut approximately 35% of its workforce, which may help reduce costs but could also limit the company's growth potential, with management forecasting revenues to further decline to between $210 million and $240 million in fiscal 2027.
- Valuation and Investment Risks: C3.ai's current price-to-sales ratio stands at 6.1, below its five-year average of 10.5, making it appear cheap; however, with future revenue expectations declining, its forward P/S ratio rises to 6.9, prompting investors to carefully assess its long-term investment value.
See More
Virtue AI Appoints New CEO to Drive Growth
- Leadership Transition: Sohaib Shaikh has been appointed as CEO of Virtue AI, while Daniel Le continues as CFO, aiming to leverage their extensive experience in high-growth enterprise software to further expand the company following a remarkable 600% year-over-year growth.
- Accelerated Market Momentum: Since its Series A funding in 2024, Virtue AI has seen a significant surge in market momentum, with a 600% year-over-year growth reflecting not only the demand for its products but also establishing a solid foundation in the competitive AI security landscape.
- Rapid Product Launches: In 2026, Virtue AI launched several new products, including AgentSuite and PolicyGuard, designed to provide comprehensive AI security solutions for enterprises, thereby enhancing its market penetration among leading AI labs and enterprises worldwide.
- Technological Architecture Advantage: The company employs an AI-native architecture that delivers real-time multimodal protection and a unified compliance framework, ensuring outstanding performance in complex systems while supporting various deployment options, further enhancing enterprise flexibility and security.
See More
Snabe Appointed as Special Envoy for Industrial AI
- Appointment Context: Jim Hagemann Snabe has been appointed by the European Commission as Special Envoy for Industrial AI, tasked with advising Commission President Ursula von der Leyen until March 31, 2027, highlighting his significant influence in the global technology sector.
- Scope of Responsibilities: In this role, Snabe will focus on the industrial AI ecosystem, including critical areas such as AI infrastructure, data centers, high-performance computing, and semiconductor supply chains, aimed at advancing AI deployment across Europe.
- Industry Impact: Snabe's appointment has been praised by C3 AI CEO Thomas M. Siebel, who regards him as one of the most respected leaders in global technology and industry, which is expected to enhance Europe's competitiveness in the industrial AI space.
- Career Background: With over three decades of experience in technology and innovation, Snabe has previously served as co-CEO of SAP and held key positions in several globally recognized companies and organizations, showcasing his deep expertise in driving digital transformation for enterprises.
See More
C3.ai CFO Sells Shares to Meet Tax Obligations
- Executive Stock Sale: C3.ai's CFO Hitesh Lath sold 34,210 shares of Class A Common Stock on June 16, 2026, for approximately $375,000, representing 12.80% of his direct holdings, reducing his ownership from 267,316 to 233,106 shares, indicating executive divestment amid a struggling stock price.
- Price Volatility Context: The sale occurred when C3.ai's shares had significantly dropped from last year's 52-week high of $30.11; however, Lath's sale did not raise investor concerns as it was executed to meet tax obligations related to the vesting of restricted stock units.
- Declining Financial Performance: C3.ai reported a revenue of $250.3 million for the fiscal year 2026, a sharp decline from $389.1 million the previous year, with net losses increasing to $470.4 million compared to $288.7 million in the prior year, highlighting ongoing financial struggles.
- Management Changes and Partnerships: Following CEO Thomas Siebel's resignation due to health issues, his return was announced on June 3, coinciding with an expanded partnership with energy giant Shell, which may help the company recover from its sales challenges, although analysts remain cautious about its future outlook.
See More
C3.ai CFO Sells 34,210 Shares Amid Market Decline
- Sale Overview: C3.ai's CFO Hitesh Lath sold 34,210 shares of Class A common stock on June 16, 2026, for approximately $375,000, reflecting a tax obligation fulfillment despite a significant 66.5% drop from last year's 52-week high of $30.11.
- Transaction Structure: The sale involved the exercise of 29,008 options followed by the immediate sale of 34,210 directly-held shares, indicating a reduction in Lath's remaining capacity after several years of net share disposition rather than a change in his selling cadence.
- Post-Sale Holdings: Following the transaction, Lath directly holds 233,106 shares valued at around $2.55 million based on the June 16 market close, alongside 352,077 RSUs, ensuring meaningful ongoing exposure to the company's equity.
- Financial Context: C3.ai reported a revenue of $250.3 million for the fiscal year 2026, a sharp decline from $389.1 million the previous year, with a net loss of $470.4 million, highlighting the challenges faced by the company amid market pressures following the CEO's return.
See More
C3.ai Faces Sales Decline and Restructuring Challenges
- Significant Revenue Decline: C3.ai reported $250.3 million in revenue for fiscal 2026, reflecting a 35% year-over-year decline, indicating severe challenges in customer acquisition and retention that undermine its market competitiveness.
- Escalating Losses: The company incurred a net loss of $470.4 million in fiscal 2026, a 63% increase from the previous year's losses, forcing C3.ai to cut approximately 35% of its workforce to mitigate financial strain.
- Pessimistic Future Revenue Outlook: Management forecasts revenue between $210 million and $240 million for fiscal 2027, suggesting a year-over-year decline even at the upper end, highlighting significant hurdles in returning to growth.
- Stock Valuation Appears Cheap: While C3.ai's price-to-sales ratio stands at 6.1, below the five-year average of 10.5, the forward P/S ratio rises to 6.9 due to declining revenue expectations, indicating that investors should approach the stock with caution despite its falling price.
See More
C3.ai Faces Sales Decline Challenges
- Management Disruption Impact: C3.ai's founder Thomas Siebel stepped down as CEO last year due to health issues, leading to a sharp decline in sales, highlighting the significant impact of management changes on business operations.
- Revenue Decline: C3.ai generated $250.3 million in revenue for fiscal 2026, a staggering 35% drop year-over-year, while the company reported a net loss of $470.4 million, which is 63% higher than the previous year's loss, indicating severe financial challenges.
- Layoffs and Restructuring: In response to declining revenues, C3.ai cut approximately 35% of its workforce, which may help reduce costs but could also limit the company's growth potential, with management forecasting revenues to further decline to between $210 million and $240 million in fiscal 2027.
- Valuation and Investment Risks: C3.ai's current price-to-sales ratio stands at 6.1, below its five-year average of 10.5, making it appear cheap; however, with future revenue expectations declining, its forward P/S ratio rises to 6.9, prompting investors to carefully assess its long-term investment value.
See More
