From Nasdaq: 2024-05-22 10:57:00

Autodesk acquires Wonder Dynamics, creators of the cloud-based 3D animation and VFX tool Wonder Studio, integrating AI with popular 3D tools like Autodesk Maya. This move simplifies complex processes and enhances creativity for artists. The financial terms were undisclosed. Autodesk aims to enhance creativity, connect teams, data, and processes in the Media & Entertainment industry.

In a competitive generative AI market, Autodesk faces big players like Microsoft, Meta Platforms, and Adobe. The global generative AI market size is projected to reach $36.06 billion in 2024, growing to $356.10 billion by 2030. Autodesk leverages AI to enhance efficiency and creativity across various industries, boosting revenue growth in the upcoming quarters. The Zacks Consensus Estimate for ADSK’s fiscal 2025 revenues is $6.04 billion, showing 9.88% year-over-year growth.

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Read more at Nasdaq: Autodesk (ADSK) Acquires Wonder Dynamics for 3D Animation & VFX