Onshape CEO Reinvents Computer-Aided Design with Cloud Technology
Onshape is a modern CAD system that lets engineers focus on doing their best work. Onshape founder and CEO Jon Hirschtick sits down with Alyssa Julya Smith in Los Angeles to talk about how he is revolutionizing the industry and creating streamline processes for engineers.
Computer-assisted design is a $8.7 billion industry that basically creates the blueprint for everything from snowmobiles to medical devices. Onshape has basically designed Google docs for CAD and has big plans, including two new announcements in 2018.
Hirschtick explains that unlike old CAD systems, Onshape unites modeling tools, design data, and workflow in a secure cloud workspace. It allows engineers to access their work on any device, never loses data, and eliminates design gridlock.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.