Altair's Leading Computational Intelligence Technology Drives NYYC American Magic Team's Quest to Win the 37th America's Cup
Altair (Nasdaq: ALTR), a global leader in computational intelligence, is the official computational science and AI partner for the NYYC American Magic team in the 37th America's Cup. Altair's technology, including computational fluid dynamics, structural analysis, data analytics, and high-performance computing, significantly improved the yacht design and testing process. The collaboration led to the creation of an advanced "AC75" yacht. The 37th America's Cup begins on August 22, 2024, in Barcelona. Altair's technology was important in expediting the design process, allowing the team to iterate and innovate rapidly, aiming to win the cup in October.
- Altair's technology expedited the yacht design process for American Magic.
- The collaboration resulted in a state-of-the-art "AC75" yacht.
- Altair's computational fluid dynamics, structural analysis, data analytics, and high-performance computing were pivotal.
- The partnership showcases Altair's global leadership in computational intelligence.
- Altair's involvement may enhance its reputation and visibility in the high-performance computing market.
- No clear financial data indicating a direct revenue increase from this partnership.
- The positive impact on Altair's stock price is uncertain without measurable financial outcomes.
- The success of the partnership is contingent on the performance of the American Magic team in the 37th America's Cup.
Throughout the development cycle for the 37th America's Cup, Altair's computational fluid dynamics (CFD), structural analysis, data analytics, and high-performance computing (HPC) technology has transformed American Magic's yacht design and testing process. Through its use of Altair's technology and expertise the team designed a state-of-the-art "AC75" yacht.
Altair's technology expedited and simplified the American Magic engineering team's development process to ensure they can iterate and discover new design insights faster than ever – a pivotal capability to have in a race where cutting-edge yachts can reach speeds of more than 55 mph and appear to "fly" out of the water. Altair's unique blend of technological and domain expertise was a pivotal part of the American Magic team's development, enabling them to build a yacht capable of winning on the world's biggest stage.
"Our work with American Magic demonstrates the power of Altair's convergence and computational intelligence vision on a global stage like no other," said Jim Scapa, founder and chief executive officer, Altair. "They are a world-class organization that is always looking to find new ways to innovate and succeed – just as Altair is. This is truly a collaboration between two organizations who share the same values, vision, and desire to excel. We are delighted that the American Magic team turned to us in their search for the market's finest computational intelligence technology, and I cannot wait to see their hard work in action."
"We are thankful to have had Altair's technology and support propel our journey to win the 37th America's Cup," said Mike Cazer, chief executive officer, NYYC American Magic. "Altair's best-in-class technology was crucial in helping us design a yacht that enhances the team's capability to win the America's Cup in October. Altair has been an instrumental partner, and we are looking forward to seeing our teams' hard work out on the water."
The 37th America's Cup begins in
To learn more about how American Magic is leveraging Altair's technology, visit https://altair.com/american-magic for videos, articles, and case studies. To learn more about the NYYC American Magic team, visit https://americanmagic.americascup.com/.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
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SOURCE Altair
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