Romanian state agency turns to AI to help farmers tap EU funds [Reuters]
UiPath, Inc. Class A (PATH)
Company Research
Source: Reuters
Union funds, it said on Monday, a first in one of the EU's least developed digital economies. The Agency for Financing Rural Investments (AFIR) told Reuters it began using robots from software automation company UiPath (PATH.N) , opens new tab a little over two years ago. The robots have taken over the time-consuming tasks of tapping state databases to procure land registry and judicial records for farmers, entrepreneurs and state institutions applying for EU funds. "AI-based automation plays an extremely important part in speeding key processes for farmers and making them more efficient," AFIR director George Chirita said. Since it began using robots, the agency has handled financing requests worth 5.32 billion euros ($5.75 billion) from more than 50,000 farmers, companies and local institutions, it told Reuters in written comments. Robots have saved roughly 784 days worth of document searches for AFIR staff, it said. The agency has disbursed 21 billion euros worth of funds
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PATH
News
- UiPath: A Hold Based On Demystifying The AI Hype (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- UiPath: Well Positioned To Benefit From RPA Adoption [Seeking Alpha]Seeking Alpha
- UiPath (PATH) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Artificial Intelligence (AI) Productivity Tools Could Be a $13 Trillion Market, According to Cathie Wood. Here Is 1 Stock That Could Dominate. [Yahoo! Finance]Yahoo! Finance
- Diversity goals are disappearing from companies' annual reports [Yahoo! Finance]Yahoo! Finance
PATH
Earnings
- 3/13/24 - Beat
PATH
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- PATH's page on the SEC website