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Ansys ANSS has unveiled its latest artificial intelligence (AI)-driven software, Ansys SimAI, that blends the precision of Ansys simulation with the rapidity of generative AI. Ansys SimAI is a “physics-agnostic”, software-as-a-service application that caters to the pressing need for swift yet accurate engineering tools.
The Ansys SimAI solution operates at remarkable speeds that significantly expedite research and shorten product development cycles. Ansys SimAI boasts an intuitive interface that is intentionally crafted for users lacking coding or deep learning expertise.
The solution leverages the shape of a design itself as input as compared to conventional methods that are reliant on geometric parameters. This helps to broaden the scope of design exploration even with varying shape structures in the training data.
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The application substantially enhances performance prediction across all design phases, which offers significant acceleration for computation-intensive projects. Moreover, it allows customers to train the AI using previously generated Ansys or non-Ansys data while ensuring data security through a state-of-the-art cloud infrastructure, added the company.
Going ahead, Ansys plans to introduce further AI-enabled engineering offerings, such as Ansys AI+ products and AnsysGPT, in the first quarter of 2024. Per a report from Grand View Research, the global engineering software market size was valued at $33.0 billion in 2022 and is expected to register a CAGR of 18.8% from 2023 to 2030.
ANSYS develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia.
The company is reportedly in advanced talks to be acquired by Synopsys (SNPS) for about $35 billion, per a report from Bloomberg. Synopsys is reportedly paying about $400 a share for Ansys, added the report. There is no official comment on the matter from either of the companies.
Ansys is gaining from strong demand across most of the sectors. In the automotive sector, higher demand for electric vehicles and advanced driver assistance systems or ADAS solutions is driving growth. It is likely to benefit from rapid growth in the high-tech industry, led by ongoing development in artificial intelligence and machine learning.
ANSS currently carries a Zacks Rank #4 (Sell). Shares of Ansys have gained 40.4% in the past year compared with the sub-industry’s growth of 52.4%.