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) is a leading software company based in the United States, specializing in creating advanced, AI-driven solutions for the mobility world. As an innovation partner to the world's leading automakers and mobility OEMs, Cerence is pioneering the future of connected mobility. The company's cutting-edge technology facilitates seamless, intuitive interaction between humans and their vehicles, integrating consumers' digital lives with their daily journeys.
Cerence boasts over 20 years of expertise and has shipped its technology in more than 475 million cars globally. The company's solutions span connected cars, autonomous driving, e-vehicles, and other domains, ensuring a smarter, safer, and more enjoyable driving experience.
Recent milestones include the appointment of Daniel Tempesta as Chief Financial Officer, who brings over 30 years of financial and operational expertise. Cerence also introduced CaLLM™, its automotive-specific large language model, which is already gaining traction with three major global automakers. Furthermore, the company is collaborating with Foxtron to bring voice-powered interaction to electric vehicles in Taiwan, and BMW Group is leveraging Cerence's Emergency Vehicle Detection technology to enhance safety features in its vehicles.
Financially, Cerence generates revenue primarily through software licenses and cloud-connected services, with a significant portion derived from the United States and a growing presence in regions like Europe, the Middle East, Africa, and Asia-Pacific. Despite facing challenges such as production delays and economic uncertainties, the company remains committed to advancing its generative AI and large language model product roadmap, aiming to drive sustainable, long-term value.
To stay updated on Cerence's latest developments, visit their website at www.cerence.com and follow the company on LinkedIn and Twitter.
Cerence Inc. (NASDAQ: CRNC) announced its participation in the Gabelli 44th Annual Automotive Aftermarket Symposium, set for November 2, 2020, at 10:30 a.m. Eastern Time. The event will feature a fireside chat with CEO Sanjay Dhawan. Investors can access the presentation via webcast on the company’s website under the ‘Events & Resources’ section. A replay will be available for 90 days following the event.
Cerence, a leader in AI for automotive applications, serves major automakers and boasts a presence in over 325 million cars worldwide.
Cerence Inc. (NASDAQ: CRNC) has partnered with XPeng Inc. (NYSE: XPEV) to provide a voice interaction platform for their G3 SUV and P7 sports sedan models. Utilizing Cerence ARK technology, XPeng enhances its Xmart OS In-Car Intelligent System with the AI-powered voice assistant 'Xiao P'. This assistant handles navigation, music playback, and in-car functions while operating on a hybrid architecture for reliable connectivity. The collaboration aims to support XPeng's global expansion, with plans to launch language capabilities in Norway.
Cerence Inc. (NASDAQ: CRNC) recently showcased its innovations at NVIDIA's GPU Technology Conference. The presentation highlighted advancements in conversational AI for production vehicles and new speech synthesis technologies, discussed by Dr. Christophe Couvreur and Vincent Pollet. This aligns with Cerence's commitment to enhancing automotive experiences, having powered over 325 million cars globally. The full presentation is available on their YouTube channel.
Cerence Inc. (NASDAQ: CRNC) announced a partnership with Dongfeng Motor, a major Chinese automaker, to integrate advanced automotive assistant technology into the Aeolus AX7. Utilizing Cerence ARK, the collaboration aims to enhance the in-car experience through a personalized voice assistant, improving functionality and reducing time-to-market for Dongfeng. The combined technology from Cerence and PATEO allows for fast deployment of an intelligent assistant, satisfying the demand for sophisticated in-car technologies among Chinese consumers, according to Cerence’s senior executives.
Cerence Inc. (NASDAQ: CRNC) announced a partnership with NIO, a leader in China’s premium electric vehicle market, to implement advanced voice technologies in NIO's products. The collaboration aims to enhance user experience through intuitive voice assistance, leveraging Cerence's industry expertise in automotive voice innovations. Charles Kuai, Corporate Senior VP, emphasized the goal of providing an intelligent assistant experience. This partnership aligns with Cerence's mission to transform automotive experiences, focusing on connected cars and e-vehicles.
Cerence (NASDAQ: CRNC) announced the launch of an intelligent voice assistant for BJEV's ARCFOX αT electric SUV, enhancing the in-car experience. This assistant integrates Cerence Drive, utilizing both embedded and cloud technologies for speech recognition and natural language understanding. It features voice biometrics for user personalization and multi-zone processing to identify the speaker's location. Cerence's long-standing partnership with BJEV aims to meet the growing demand in the Chinese EV market.
Cerence Inc. (NASDAQ: CRNC) has unveiled new features in its Cerence Car Life suite, designed to enhance the vehicle purchasing and ownership experience. A recent study indicates that only one in three customers is satisfied with traditional car buying methods. The new in-car feature advertising solution aids dealerships and buyers by providing detailed product information during test drives. Additionally, the Contextual Car Status Module keeps drivers informed about their vehicle's real-time status, fostering brand loyalty. These innovations are vital as the automotive industry shifts towards technology-driven solutions amid the COVID-19 pandemic.
On September 16, 2020, Cerence (NASDAQ: CRNC) announced that Volkswagen selected Cerence to enhance the voice assistant for its electric vehicle, the ID.3. This assistant allows voice-activated control over in-car functions such as navigation, music, and climate control. Cerence Drive's technology enables natural speech recognition and integrates with an LED feature called ID. Light, which signals when the assistant is active. Volkswagen aims for a pioneering in-car experience with Cerence's innovations, with ID.3 vehicles set for delivery in October 2020.
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