Intapp Partners with OpenAI to Bring Legal AI to ChatGPT Enterprise
INTA sits 97% above its 52-week low of $19.01.
Summary
Intapp announced a partnership with OpenAI to integrate its Celeste AI coworker into ChatGPT Enterprise, making it available to eligible clients starting today. The integration brings proprietary legal context and methods into the widely used ChatGPT platform, potentially expanding Intapp's reach in the legal AI market. The stock rose 4% in early post-market trading on the news. This follows strong Q4 results in August, where SaaS revenue grew 27% to $115M and cloud ARR reached $495.7M. The partnership could accelerate adoption of Intapp's AI offerings among law firms already using ChatGPT, though financial terms were not disclosed.
At the time of this announcement, INTA was trading at $37.51 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $19.01 to $47.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.