Welcome to our dedicated page for Cerence news (Ticker: CRNC), a resource for investors and traders seeking the latest updates and insights on Cerence stock.
Cerence Inc. (NASDAQ: CRNC), also known as Cerence AI, stands as a global leader at the forefront of artificial intelligence for the transportation industry. The company specializes in creating intuitive and seamless AI-powered experiences, primarily for the automotive sector and beyond. With decades of expertise in voice recognition, generative AI, and large language models, Cerence is dedicated to making journeys safer, more connected, and more enjoyable for drivers and passengers worldwide.
Cerence's core business revolves around its CaLLM™ (Cerence Automotive Large Language Model) family of language models, powering advanced in-car assistants. These solutions enable natural and intelligent conversations within vehicles, enhancing user experience through voice-activated controls, information access, and personalized interactions. The company's technology is deployed in over 500 million cars globally, demonstrating its significant market reach and the trust placed in its innovations by leading automakers and transportation OEMs.
Recent announcements highlight Cerence AI's ongoing growth and strategic initiatives. The company has solidified a multi-year agreement with JLR to co-develop the next generation of luxury in-car experiences, further cementing its position in the premium automotive segment. Furthermore, an expanded collaboration with NVIDIA leverages the NVIDIA AI Enterprise platform to optimize the performance and scalability of Cerence's CaLLM models, ensuring cutting-edge AI capabilities for its automotive partners. Financially, Cerence AI has demonstrated proactive cash management, as evidenced by the strategic repurchase of convertible senior notes, aimed at reducing debt and optimizing its balance sheet for long-term financial health.
The appointment of Tony Rodriquez as the permanent Chief Financial Officer underscores Cerence AI's commitment to strong financial leadership and strategic growth. Mr. Rodriquez brings extensive experience and a proven track record in financial management, strengthening the company's executive team. Cerence AI continues to focus on innovation, expanding its product offerings, and delivering value to its automaker customers through advanced AI solutions that redefine the in-car experience.
Headquartered in Burlington, Massachusetts, with a global presence, Cerence AI is committed to pushing the boundaries of AI innovation in transportation, shaping the future of connected and intelligent mobility.
Cerence (NASDAQ: CRNC) is set to announce its second quarter financial results for the period ending March 31, 2022, on May 10, 2022. The announcement will be made at 7:00 a.m. EST, followed by a live conference call at 8:30 a.m. EST. Investors can participate by dialing in or accessing the webcast via Cerence's website. The replay of the teleconference will be available until May 17, 2022. Cerence is focused on innovative mobility solutions, having shipped over 400 million cars equipped with its technology.
Cerence Inc. (NASDAQ: CRNC) has partnered with Hongqi Auto, a luxury automotive brand from FAW Group, to integrate in-car conversational AI and infotainment technology in the new E-HS9 model as part of their international expansion strategy.
The collaboration aims to provide drivers with enhanced safety and productivity through an intuitive assistant capable of English and Norwegian language support. The technology utilizes advanced AI systems and cloud technologies, ensuring the in-car assistant is responsive and up-to-date, thereby enhancing the luxury driving experience.
Cerence Inc. (NASDAQ: CRNC) has appointed Jennifer Salinas as the new Senior Vice President and General Counsel, effective April 4, 2022. Salinas joins from Lenovo, where she held senior legal positions and managed various responsibilities, including M&A and compliance. CEO Stefan Ortmanns emphasized her key role in enhancing the company's growth and performance culture. Salinas offers over 20 years of legal experience and is recognized for her leadership in the Hispanic National Bar Association. Her diverse background and global expertise are expected to drive strategic initiatives at Cerence.
Cerence Inc. (NASDAQ: CRNC) has appointed Marc Montagner as its new Chief Financial Officer (CFO), effective April 4, 2022. Montagner, who previously served as CFO at Endurance International, is expected to enhance growth and create long-term value for the company. He possesses extensive experience in finance and operational leadership, having driven results in various sectors. CEO Stefan Ortmanns expressed excitement about Montagner's joining, highlighting the opportunities ahead for Cerence.
Cerence Inc. (NASDAQ: CRNC) has launched Cerence Sing, a voice-controlled karaoke experience designed for drivers, powered by Stingray's extensive song catalogue. VinFast is the first customer to integrate this feature into its VF 8 and VF 9 models. The offering enhances driving enjoyment while prioritizing safety, as it operates fully via voice commands in driver mode. Cerence Sing includes advanced features like real-time performance feedback and customization options for automotive manufacturers.
Cerence Inc. (NASDAQ: CRNC) has announced Volkswagen's selection of its AI technology to power the next-gen infotainment system in the Golf 8 GTI. This system, launching in early 2022, boasts significant enhancements in speed and accuracy, enabling intuitive voice interactions. By employing Cerence Drive 2.0, the interface supports natural communication and learns from driver preferences over time. This partnership highlights both companies' commitment to innovation in user experience and safety in connected mobility.
Cerence (NASDAQ: CRNC) announced its participation in three upcoming investor conferences. The events include:
- 2nd Annual Cowen Mobility Disruption Conference on March 2, 2022, at 2:20 PM ET
- Berenberg Industrial Technologies Conference on March 3, 2022, at 1:00 PM ET
- Raymond James Institutional Investors Conference on March 7, 2022, at 2:15 PM ET
Each presentation will feature CEO Stefan Ortmanns in a fireside chat format. Interested parties can access the webcasts on Cerence's website, with replays available afterward.
Cerence Inc. (NASDAQ: CRNC) has partnered with Mercedes-Benz Korea to enhance driver experience by integrating KT's GiGA Genie voice assistant into select Mercedes-Benz models through MBUX. This collaboration allows drivers to access a variety of services, streamlining tasks via voice commands. KT, Korea's largest telecom operator, first launched GiGA Genie in 2017, and this partnership extends its functionality to automotive settings, showcasing Cerence's commitment to improving digital integration in vehicles.
Cerence Inc. (NASDAQ: CRNC) has partnered with Qianjiang Motorcycle to integrate its Cerence Ride voice and AI platform into their motorcycles. This initiative will enhance rider experience by providing hands-free access to navigation, communication, and entertainment. Using Cerence's advanced speech recognition and proactive AI, the platform aims to improve safety and convenience for riders. The collaboration signifies a strategic move for Cerence to expand in the high-end motorcycle segment, leveraging Qianjiang's position as a leading two-wheeler manufacturer in China.
Cerence Inc. (NASDAQ: CRNC) has announced a partnership with Pioneer Corporation to integrate advanced conversational speech recognition technology into Pioneer’s new NP1 device, set to launch in Japan in March 2022. This collaboration aims to enhance in-car experiences by allowing drivers to navigate and interact using voice commands. The NP1 features an integrated camera and speaker system, providing real-time lane-by-lane directions. This partnership positions both companies to capitalize on recurring revenue opportunities in the growing digital mobility market.
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