Riverside County, California Selects C3 AI as the Standard for Real Estate Property Appraisal

County Assessor’s Office Digitally TransformsREDWOOD CITY, Calif. – September 26, 2023 – C3 AI (NYSE: AI), the Enterprise AI application software company, today announced that the Office of the Assessor-County Clerk-Recorder (ACR) of Riverside County, California has selected the C3 AI Residential Property Appraisal application to increase the efficiency, fairness, consistency, and accuracy of real estate property appraisal. Following a successful six-month production pilot, the Assessor’s Office has signed a five-year commitment for C3 AI Residential Property Appraisal and the C3 AI Platform — along with additional applications of C3 AI Commercial Property Appraisal and C3 Generative AI. C3 AI Residential Property Appraisal at Riverside is the first production-ready, out-of-the-box, AI-powered mass appraisal system in California. With C3 AI, the County can calculate the fair market value of properties with AI models built on historical data stored in the County’s systems of record, and from other sources. By using C3 AI Residential Property Appraisal, the County has seen an improvement in accuracy of appraisals while reducing the complexity of the appraisal process.