rewrite this content using a minimum of 1000 words and keep HTML tags
Social media is probably the worst thing to ever happen to retail investors. Whenever we say that, you know who disagrees the most? Social media “finfluencers.” That’s because chasing clout doesn’t reward investing best practices, quite rather the opposite. The fintwit community loves to find a stock to latch onto and start pumping. “Wall Street hasn’t discovered this hidden gem” type stories. One name we’ve seen pumped a lot lately is UiPath $PATH, a company we’ve been becoming increasingly frustrated with over the years.
UiPath: An Agentic Leader?
We first started covering UiPath almost eight years ago to the date. Back then they were lauded for the melding of AI and robotic process automation (RPA), what they referred to as “intelligence process automation.” They were actually exhibiting characteristics of intelligent AI automation before this even became a thing. Our expectations were that UiPath would utilize their RPA leadership and extensive AI experience as a gateway drug into agentic AI.
By 2020, UiPath hit a market cap of $10 billion (about $4 billion larger than it is today) and started articulating a broader vision beyond basic automation. The concept of hyperautomation — starting with RPA at its core and expanding with AI, process mining, and analytics. We were skeptical of all these buzzwords, but they managed to secure the company a $35 billion valuation a year later. After a heavily hyped IPO, shares fell back down to earth with a below-average valuation.
By 2024, the company was investing heavily in AI including building an internal AI team, developing its own foundational model and rolling out an “AI AutoPilot” product. Then the CEO suddenly departed, and the CFO cited
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this
Source link
