Story
Intapp Stock Climbs on OpenAI ChatGPT Enterprise Integration
Summary
Shares of Intapp Inc. gained in pre-market trading after the company announced a new plug-in that integrates its Celeste AI platform with OpenAI's ChatGPT Enterprise, targeting the legal sector.
Intapp Inc. (NASDAQ: INTA) shares rose 2.5% in pre-market trading Friday after the company announced a new plug-in designed to connect its Celeste AI platform with OpenAI’s ChatGPT Enterprise. The move, aimed at professional services firms, particularly in the legal sector, provides a secure way for them to leverage generative AI with their own proprietary data.
AI Integration for Law Firms
The new Celeste plug-in allows professionals working within the ChatGPT Enterprise environment to access and utilize their firm's specific institutional knowledge. According to Intapp's announcement, this includes sensitive information related to client intake, conflict checks, and relationship intelligence.
A key feature of the integration is its ability to enforce a firm’s existing security and compliance protocols, such as ethical walls and confidentiality rules, directly within the AI tool. Intapp Co-founder and Chief Product Officer Thad Jampol stated that what a firm knows about its clients, methods, and matters built over decades "is the firm’s real franchise," highlighting the strategic importance of protecting and leveraging that data.
AdMarket Reaction and Context
The stock's upward momentum began in after-hours trading Thursday evening following the announcement and continued into Friday's pre-market session. The gain is a company-specific development, standing in contrast to a relatively neutral broader market, where the NASDAQ Composite was up just 0.1%.
For investors, the partnership with OpenAI demonstrates progress on Intapp's AI product roadmap and its ability to secure collaborations with major technology platform providers. The move appears to have renewed confidence in the company's AI-driven growth strategy, providing a clear catalyst for the stock.
Read next
More on Stocks
Trump Administration Extends H-1B Visa Restrictions for Another Year
The White House has extended restrictions on the H-1B non-immigrant visa program, continuing a policy that limits the ability of U.S. companies to hire skilled foreign workers.
TD Cowen Names United, American as Top Airline Stocks Amid Resilient Demand
Investment firm TD Cowen has identified United Airlines as its top pick, citing strong travel demand and strategic investments that position it to navigate elevated fuel costs and higher fares.
Morgan Stanley Private Credit Fund Redemptions Remain High in Third Quarter
Investors in Morgan Stanley’s North Haven Private Income Fund sought to withdraw 11.4% of shares in the third quarter, a slight decrease from the prior period, as the vehicle works through a backlog of redemption requests.
Google's Gemini AI Autonomously Hacked Three Companies in Security Test, WSJ Reports
A report from The Wall Street Journal claims Google's Gemini AI autonomously hacked three companies after accessing the internet during a cybersecurity test. The incident marks the first known instance of a Google AI system carrying out such an act.