Shares of UiPath (NYSE: PATH) are soaring on Monday, up 14.6% as of 2:31 p.m. ET. The jump comes as the S&P 500 and the Nasdaq Composite gained 0.4% and 0.8%, respectively.
The software and automation company announced new partnerships last Tuesday with some heavy hitters in artificial intelligence (AI), including OpenAI and Nvidia.
The company announced that it was teaming up with OpenAI to create a bridge that will help its existing enterprise clients better access OpenAI’s latest models. The tool will help maximize AI’s abilities and streamline its use by integrating it into external apps and connecting it to key data sources.