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Benzinga
Benzinga
Business
Dylan Berman

UiPath Stock Is Surging Tuesday: What's Going On?

UiPathBellevue,,Wa,,Usa,-,June,04,,2023;,Sign,For,Uipath

UiPath, Inc. (NYSE:PATH) shares are trading higher Tuesday after the company announced a partnership with OpenAI to develop ChatGPT to integrate OpenAI frontier models with enterprise customer workflows.

What To Know: UiPath said the collaboration with OpenAI will allow businesses to accelerate return on investment from agentic AI by simplifying the development and deployment of AI agents. The integration will bring ChatGPT Enterprise users access to UiPath automations and workflows, while UiPath Maestro will orchestrate UiPath, OpenAI, and third-party agents across business processes.

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