UiPath's AI Pivot Is Underway. Time to Buy the Stock?
With the advent of artificial intelligence (AI), UiPath (NYSE: PATH) has had to make a significant technological pivot. But this isn't the first time the company has undertaken a major technological shift.It began by outsourcing software services and transitioned into a leading robotic process automation (RPA) company. RPA uses software bots to handle repetitive human tasks, and thus is used to help automate processes such as invoice and payroll processing and data entry. Today, the company is looking to become an end-to-end automation platform that integrates AI agents and robots into a single unified platform.Continue reading
With the advent of artificial intelligence (AI), UiPath (NYSE: PATH) has had to make a significant technological pivot. But this isn't the first time the company has undertaken a major technological shift.
It began by outsourcing software services and transitioned into a leading robotic process automation (RPA) company. RPA uses software bots to handle repetitive human tasks, and thus is used to help automate processes such as invoice and payroll processing and data entry.
Today, the company is looking to become an end-to-end automation platform that integrates AI agents and robots into a single unified platform.
