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) has announced significant enhancements to its Cerence Car Knowledge, utilizing generative AI to improve in-car assistant intelligence for drivers. These advancements will allow for real-time, contextually accurate answers to drivers' inquiries about their vehicles. The new system leverages Cerence’s deep learning technology and OEM data, providing personalized information through various channels, including voice and companion apps. Currently operational with a large North American OEM and a major German OEM, these enhancements are set to be deployed in existing and new programs. Cerence continues to lead in AI-powered automotive solutions, emphasizing seamless integration for OEMs and enhanced user experiences.
Cerence Inc. (NASDAQ: CRNC) has partnered with Banma to enhance in-car experiences for automakers including Shanghai Volkswagen Automotive Co. and FAW-Volkswagen by integrating advanced conversational AI and voice recognition technologies. The collaboration aims to offer safer and more convenient driving experiences with multilingual support in Chinese, Cantonese, and English. By embedding Cerence's AI solutions into vehicle head units, the partnership allows automotive suppliers to leverage powerful computing capabilities for unique customer interactions. This partnership highlights Cerence's strategic expansion in China and underscores its commitment to innovation in automotive technology.
Cerence Inc. (NASDAQ: CRNC) has launched a next-generation, AI-powered biometrics engine within its Cerence Assistant, enhancing personalization and security for drivers and passengers in vehicles. This technology, available in multiple languages, offers a frictionless experience with improved accuracy for user identification. Key features include proactive voice enrollment, secure payment authorizations, and multimodal identification, allowing seamless interactions like voice-based payments and facial recognition. Major automakers are adopting this solution, marking a significant advancement in the automotive industry.
BURLINGTON, Mass., March 01, 2023 – Cerence (NASDAQ: CRNC) announced its participation in the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 12:10 p.m. ET. The CEO, Stefan Ortmanns, will engage in a fireside chat during the event. This presentation will be available via webcast on Cerence's website under the 'Events' section. The replay will also be accessible on the site following the event. Cerence, a leader in mobility technology, has over 20 years of experience and has shipped more than 450 million cars equipped with its solutions. For more information, visit www.cerence.com.
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