Artificial intelligence has evolved into one of the fastest-growing industries and continues moving at breakneck speed. Leading software company C3.ai, Inc. (AI) has gained 104.1% year-to-date, thanks to a surge in investor interest in AI-related companies after the viral success of OpenAI's ChatGPT.
However, recent allegations of "serious accounting and disclosure issues" have resulted in a significant drop in this stock’s price. In this article, we'll first see the prospects of the highly competitive and rapidly evolving AI industry and then discuss why it's best to avoid the AI stock.
