Piper Sandler Sees Autodesk’s Generative AI Strategy “Close to Bearing Fruit”

Core Insights - Autodesk, Inc. is recognized as a significant player in the AI stock market, with analysts highlighting its advancements in Vertical AI and a new monetization model as key growth drivers [1][2] - The company is nearing the realization of its investments in generative AI, which is expected to lead to substantial product changes in traditionally stagnant industries [2][3] Group 1: AI and Product Development - Autodesk is making notable progress in developing Vertical AI for Architecture, Engineering, and Construction (AEC), Manufacturing, and Media, as showcased at Autodesk University [2] - The introduction of AutoConstrain in Manufacturing and Neural CAD demonstrates Autodesk's commitment to enhancing customer workflows through AI-driven innovations [3] Group 2: Business Model Evolution - Autodesk is evolving its business model with upcoming pricing changes to Autodesk Platform Services (APS), focusing on consumption-based monetization as generative technologies expand [3] - The shift towards cloud computing and consumption-based pricing is expected to create new revenue opportunities for the company [3]