UiPath Shares Surge on AI Partnership Announcements
UiPath (PATH) shares jumped 14.9% as markets opened, extending yesterday's 2.9% gain after unveiling strategic AI partnerships. The automation platform provider is collaborating with Nvidia to integrate AI capabilities into high-trust workflow scenarios like fraud detection and healthcare. The solution combines UiPath's automation with Nvidia's NIM generative AI deployment accelerator and Nemotron reasoning models.
A second partnership with OpenAI will develop a ChatGPT connector, merging frontier AI models with UiPath's enterprise orchestration. The companies aim to set new benchmarks for computer-use models in agentic automation. A third alliance with an unnamed cloud computing leader—presumably Snowflake—will combine UiPath's automation platform with Corex AI.