C3.ai Inc. gave a lackluster sales forecast and said profitability will take longer than expected, fueling anxiety the software company is struggling to capitalize on enthusiasm for artificial intelligence.

The fiscal-year adjusted loss will be as much as $100 million, the Redwood City, California-based company said Wednesday in a statement. It previously forecast a loss of as much as $75 million. C3.ai said it no longer expects to make a profit on an adjusted basis in the fiscal fourth quarter due to new investments in sales and marketing related to its generative AI products.

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C3.ai Says Profit Will Be Delayed, Casting Doubt on AI Hype