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UiPath Inc. (NYSE:PATH) is one of the cheap robotics stocks to buy right now. On May 12, UiPath Inc. (NYSE:PATH) announced plans to make it easier for enterprises to deploy coding agents with built-in orchestration and governance capabilities.

UiPath for Coding Agents is the company’s new platform designed to make it easier for organizations to use coding agents, including Code and OpenAI Codex, to build, test, deploy, and operate automations through natural language conversations. The platform comes with capabilities for connecting coding agents to CI/CD infrastructure, testing frameworks, and governance controls.

The new platform is currently available to enterprise customers, enabling business analytics process owners and domain experts to create automations through conversations. Its unveiling comes on the heels of the company releasing several agentic AI tools through its Automation Suite platform, as it seeks to enhance its automation solutions across various sectors. UiPath’s Purchase-to-Pay solution streamlines procurements and accounts payable operations, reducing manual processing in purchase-to-pay workflows.

UiPath Inc. (NYSE:PATH) specializes in Robotic Process Automation (RPA), which means it builds software robots that act as digital workers rather than physical hardware. These software robots are designed to mimic human-computer interactions to automate repetitive, rule-based, and time-consuming tasks.

While we acknowledge the potential of PATH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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