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  "documentTitle": "C3.ai, Inc. (AI)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-02-16 00:00:00",
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      "kind": "callout",
      "text": "$100bn TAM Creation In 2 Months",
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      "kind": "callout",
      "text": "C3 materially changed its TAM claim during the IPO process from $170 to $271 billion. In addition, its historical TAM claims don't appear to have been achieved and keep getting pushed out farther into the future.",
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      "kind": "callout",
      "text": "Accelerated by 4 years In Just 5 Months?",
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      "kind": "quote",
      "text": "\"If we look at the analysts' predictions for the size of the enterprise AI software market, this promises to be on the order of a $300 billion software market in, say, 2025.\" — CEO Siebel, Annual Virtual Wells Fargo TMT Summit, Dec 2, 2021",
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      "text": "Chronological list of C3 TAM claims vs sources",
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      "kind": "title",
      "text": "Beware of Exaggerated Total Addressable Market (\"TAM\") Claims By C3",
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