It's called AI Advisor and, functioning like other prompt-based tools, it answers your CAD/CAM and general design-related questions using PTC's accumulated knowledge of design best practices, plus the technical documentation for Onshape itself.
It can't design your models for you, though. PTC explains in a "What's New" video posted to YouTube that AI Advisor cannot access your data, meaning your discussions with it are securely abstracted from the part you are working on.