are so many inefficiencies in the world of business , enterprise business processes . It has become obvious to me that we have to go all in after that market ,” says Daniel .
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UiPath combines RPA technology with language models The company has launched products that combine its RPA technology with large language models , including UiPath Autopilot for automated testing and development , and AI Center for integrating machine learning into existing automations .
“ The main challenge with Gen AI for businesses right now is from the reliability of Gen AI . It ’ s so smart , but it ’ s like hiring unstable geniuses . And most companies would like stable , decent level of intelligence ,” Daniel says .
This evolution comes after a period of rapid expansion at UiPath which made it the fastest-growing SaaS company in history at the time . The company grew from $ 5m in revenue in 2016 to $ 35m and nearly $ 200m in 2018 through what Daniel termed a ‘ Genghis Khan strategy ’ of rapid market expansion .
“ You should go faster than them . You know how they conquered China ? Their army was faster than Chinese army , so they were defeating all the Chinese cities , and they couldn ’ t catch them . So that was kind of my strategy : let ’ s go , let ’ s spread , let ’ s see where it works and let ’ s double down on it ,” he told Sequoia Capital .
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