Top 8 AI News Updates Investors Shouldn’t Miss

2. Synopsis Inc. (NASDAQ:SNPS)

Number of Hedge Fund Followers: 72

Synopsys Inc. (NASDAQ:SNPS) develops software and tools to help engineers in the semiconductor manufacturing industry design and verify semiconductors. The electronic design automation company also focuses on silicon intellectual property and software security.

On March 19th, Synopsys Inc. (NASDAQ:SNPS) announced the AgentEngineer technology focusing on AI agents that can execute specific tasks in chip design, like testing circuitry. In time, the company expects the technology to assist in the development of complicated systems with different chips and components to accelerate delivery times.

“AI plays a huge role, because your R&D capacity is not growing. You’ve got a certain team, you’re not going to just double it, triple it, quadruple it. So you have to increase this R&D capacity.”

– said Shankar Krishnamoorthy, head of the technology and development group at Synopsys Inc.