10 High-Flying AI Stocks This Week

7. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 40

UiPath Inc (NYSE:PATH) is a technology company that offers a platform that enables businesses to automate repetitive digital tasks and processes. The company leverages robotic process automation (RPA) and AI to streamline operations and improve efficiency.

On March 19, UiPath (NYSE:PATH) launched a free 60-day trial of its FedRAMP-compliant Automation Cloud Public Sector solution for U.S. government agencies. The platform enhances efficiency and data security, offering tools like process mining, AI-powered Document Understanding, robots (attended/unattended), and low-code apps. Benefits include reduced administrative costs, better spend management, and faster document processing with machine learning.

Chris Radich, Public Sector Chief Technology Officer at UiPath, emphasized the growing importance of automation, stating, “In an era of rapidly changing policy mandates and increasing efficiency requirements, automation has moved beyond a strategic priority to become a necessity. Government agencies handle vast amounts of sensitive data, from citizen records to financial transactions, making data security and privacy paramount. UiPath is a proud strategic partner of public sector organizations and has years of experience building Automation Centers of Excellence. These initiatives have systematically eliminated millions of hours of repetitive work, which saves taxpayer money and allows talented public servants to focus on mission-critical initiatives that directly serve the American people.”