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) will announce its fourth quarter and fiscal year 2022 financial results on November 29, 2022, at 8:00 a.m. ET. The company will host a live investor day in New York City at 9:00 a.m. ET, which includes discussions on Q4 results, fiscal 2023 guidance, market strategies, technology roadmap, and multi-year financial targets. Investors and analysts can join the event via live webcast. Cerence, a leader in creating mobility experiences, has over 20 years of experience and more than 450 million cars equipped with its technology.
Cerence Inc. (NASDAQ: CRNC) has appointed Bob Ligon as Chief Revenue Officer, succeeding Egon Jungheim who will retire in December 2022. Ligon, with over 20 years of experience in automotive sales, previously held senior positions at ZF Group and Continental. His responsibilities will encompass global sales and marketing, aiming to enhance Cerence's go-to-market strategy and pipeline growth. CEO Stefan Ortmanns emphasized Ligon's substantial expertise in revenue growth and technology commercialization as pivotal for Cerence's future.
Cerence Inc. (NASDAQ: CRNC) has appointed Nils Schanz as Chief Product Officer, marking a significant leadership addition. With a 15-year tenure at Daimler, Schanz has played a vital role in developing the renowned MBUX multimedia system. His leadership will focus on enhancing Cerence’s core mobility products, digital cabin strategy, and overall customer delivery. CEO Stefan Ortmanns praised Schanz's visionary approach, suggesting that his strategic experience will propel the company forward in the evolving mobility landscape.
Cerence Inc. (NASDAQ: CRNC) and Renault Group have entered into a multi-year agreement to enhance the in-car experience with a next-generation co-pilot. This collaboration aims to create a human-like interaction within Renault vehicles, utilizing Cerence Assistant to offer features like guided tours, optimal EV charging suggestions, and proactive adjustments. The innovative technology will debut at the Paris Motor Show from October 17-23, 2022. This partnership promises to elevate driver and passenger interactions significantly, bolstering Cerence's position in the connected mobility sector.
Cerence has partnered with WFCO Electronics to develop a groundbreaking digital cabin experience for recreational vehicles (RVs). This collaboration aims to integrate Cerence's conversational AI with WFCO's expertise in RV electronics, enhancing safety, comfort, and productivity for RV users. The new voice-enabled platform is set to be introduced in 2023, providing a seamless in-vehicle experience. This marks Cerence's expansion beyond the automotive sector, tapping into the growing RV market.
Cerence Inc. (NASDAQ: CRNC) announced that Jennifer Salinas, Senior VP and General Counsel, has been recognized as one of the Association of Latino Professionals For America's 2022 Most Powerful Latinas. Honored in the Corporate Trailblazers category, Salinas has demonstrated significant leadership and influence in her role at Cerence, focusing on legal matters and strategic governance. CEO Stefan Ortmanns praised her immediate impact since joining the company earlier this year. ALPFA is the largest Hispanic professional membership association in the U.S., dedicated to advancing Latino leadership.
Cerence Inc. (NASDAQ: CRNC) has launched the Cerence Exterior Vehicle Communication, a new AI-driven platform that enhances interaction between drivers and their cars from outside. This innovation combines various technologies, including speech recognition and voice biometrics, to assist users in tasks like activating lights or parking vehicles. As automobiles become more autonomous, this offering is expected to improve user trust and experiences with shared and driverless vehicles. Cerence aims to transform mobility with intuitive human-vehicle communication.
Cerence Inc. (NASDAQ: CRNC) announced its Cerence Assistant is now supported on the NVIDIA DRIVE platform, enhancing in-car AI experiences. This integration aims to deliver next-generation cockpit solutions, utilizing features like gesture and gaze detection for improved driver interaction. The assistant provides real-time notifications, such as low fuel alerts, and supports speech recognition in multiple languages. The collaboration facilitates automakers in deploying advanced AI-powered features to enhance safety and productivity, marking a significant milestone in connected mobility.
Cerence Inc. (NASDAQ: CRNC) announces a strategic partnership with CFMOTO to enhance its two-wheelers and ATVs with Cerence Ride, their conversational AI platform. This collaboration aims to improve rider safety and experience through voice-powered navigation and controls, minimizing distractions. The technology will include hybrid embedded and cloud speech recognition, supporting both English and Chinese. This partnership represents a critical step in the evolving landscape of connected mobility for two-wheelers, addressing the increasing demand for safer riding experiences.
Cerence Inc. (NASDAQ: CRNC) announced it will present at the Goldman Sachs Communacopia + Technology Conference on September 14, 2022, at 7:30 p.m. Eastern Time. The presentation will be in a fireside chat format featuring Tom Beaudoin, Cerence's EVP and CFO. The event will be webcast live, and the link will be available in the 'Events' tab under the 'Investors' section of Cerence's website. Additionally, the replay will be accessible on the company website following the event.
FAQ
What is the current stock price of Cerence (CRNC)?
What is the market cap of Cerence (CRNC)?
What is Cerence Inc.?
What recent changes have occurred in Cerence’s leadership?
What is CaLLM™?
How does Cerence generate revenue?
What is Cerence's geographical revenue distribution?
What partnerships has Cerence recently announced?
What are Cerence's latest innovative projects?
How is Cerence addressing market challenges?
What financial outlook has Cerence provided for FY 2024?
Where can I find more information about Cerence?
