Shares of C3.ai (NYSE:AI) jumped as much as 10% in U.S. premarket trading on Wednesday following a report from The Information that the enterprise artificial intelligence firm is in talks over a potential merger with Automation Anywhere.
According to the report, the discussions centre on combining C3.ai’s enterprise-focused AI software platform with Automation Anywhere’s robotic process automation technology, a move that could create a broader offering spanning AI-driven analytics and automated business processes.
Neither company has publicly commented on the reported talks, but the prospect of a tie-up was enough to lift investor sentiment around C3.ai early in the session.