PTC, Microsoft, and Volkswagen team up to develop AI Copilot tool for software development

From NASDAQ.: 2024-12-05 08:26:00

PTC Inc. has partnered with Microsoft and Volkswagen Group to create Codebeamer Copilot, an AI-powered tool to streamline software development in physical products like vehicles. The beta version is set to launch in early 2025, aiming to enhance productivity and quality in software development. This collaboration integrates generative AI with Microsoft Azure AI capabilities for innovative outcomes.

PTC, a Boston-based software provider, offers digital technologies for engineering tangible goods. Recently, it signed a strategic collaboration with Amazon Web Services to enhance its Onshape solution. With a 15% revenue increase in the last quarter, PTC focuses on customer service and market presence to drive growth. The company’s stock has risen 25.9% in the past year.

Celestica Inc., a manufacturing technology provider, holds a Zacks Rank #1. With an earnings surprise of 10.64% in the last quarter, Celestica provides solutions for printed circuit assembly and system assembly to leading OEMs. Considered a potential home run stock, it offers growth opportunities for investors interested in the tech sector.



Read more at NASDAQ.: PTC, Microsoft & Volkswagen Collaborate on Codebeamer AI Copilot