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Ansys launches AI-powered virtual assistant AnsysGPT

EditorEmilio Ghigini
Published 04/11/2024, 09:16 PM
ANSS
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PITTSBURGH - Ansys (NASDAQ: NASDAQ:ANSS) has announced the launch of AnsysGPT, an AI-driven virtual assistant designed to enhance customer support for its engineering software suite. As part of the AI+ family of products, AnsysGPT aims to provide users with on-demand access to the company's extensive knowledge base, offering 24/7 support for a wide range of engineering queries.

The virtual assistant utilizes Ansys' proprietary data and ChatGPT technology to deliver instant support to engineers and designers. It is capable of addressing complex engineering topics and assisting with simulation setups across various languages. The tool's knowledge base has expanded thirtyfold since its beta version, allowing for more precise and helpful responses.

AnsysGPT operates through a secure interface and is built to scale, accommodating the needs of thousands of users simultaneously. The release follows comprehensive testing to ensure the accuracy and performance of the tool, as well as adherence to data compliance standards.

Eugen Dinca, a senior thermal simulation engineer at Continental Automotive Romania, praised the tool's ease of use and the relevance and speed of its responses. Anthony Dawson, Ansys' vice president of customer excellence, highlighted AnsysGPT's role in empowering customers to independently find solutions to complex questions, emphasizing the tool's improved accuracy, performance, and security.

This development is part of Ansys' ongoing mission to drive human advancement through innovative simulation software. Ansys has been at the forefront of this field for over 50 years, contributing to significant breakthroughs across various industries.

The information for this article is based on a press release statement. AnsysGPT is now available for Ansys customers, marking a new chapter in the company's support offerings.

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InvestingPro Insights

Ansys (NASDAQ: ANSS) has taken yet another step forward with the introduction of AnsysGPT, enhancing customer support capabilities through AI technology. This innovation reflects the company's robust financial health and commitment to leveraging cutting-edge technology to maintain its industry leadership. Here's a closer look at some key financial metrics and insights from InvestingPro that underscore Ansys' current market position:

With a solid market capitalization of $29.54 billion, Ansys showcases its significant presence in the industry. The company's impressive gross profit margin over the last twelve months, standing at 91.62%, indicates a strong ability to manage costs and maximize profitability from its revenue, which was $2.27 billion for the same period. This financial stability is further evidenced by Ansys' operating income margin, which is a robust 27.58%.

Investors should note that Ansys trades at a high earnings multiple, with a P/E ratio of 59, reflecting high investor expectations for future earnings growth. This is consistent with the sentiment of analysts, as four have revised their earnings estimates upwards for the upcoming period. Moreover, Ansys has demonstrated a commitment to financial prudence, with liquid assets exceeding short-term obligations, suggesting a sound liquidity position.

For those looking to delve deeper into Ansys' financials and strategic positioning, there are additional InvestingPro Tips available. Subscribers can access these insights by visiting the dedicated InvestingPro page for Ansys at https://www.investing.com/pro/ANSS. For a limited time, use the coupon code PRONEWS24 to receive an extra 10% off a yearly or biyearly Pro and Pro+ subscription, providing even more value to your investment research.

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With the release of AnsysGPT, the company continues to demonstrate its ability to innovate and provide value to its customers, while also showcasing solid financial fundamentals that may interest current and potential investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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