10 AI News Updates Investors Should Not Miss

6. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 34

UiPath Inc. (NYSE:PATH) is a software application company that provides an end-to-end automation platform with a range of robotic process automation (RPA) solutions. It is one of the companies well positioned to benefit amid growing demand for agentic artificial intelligence needed to tackle complex business workflows. On January 27th, the company unveiled findings from a new study that showed that 90% of IT executives have business operations that would benefit from agentic AI.

AI agents are becoming increasingly popular in business and work environments as they operate autonomously by mimicking human decision-making or problem-solving processes. UiPath Inc. (NYSE:PATH) already has a solution; the UiPath Platform is designed to accelerate the shift towards a new era of agentic automation. The company is placing a strong emphasis on data use and AI-powered customer engagement solutions, which may lead to new revenue opportunities and platform use cases.