Cerence Inc. develops conversational AI software for automotive, transportation and related industrial use cases. News about CRNC commonly covers vehicle user-experience platforms such as Cerence xUI, voice AI, generative AI and large language model features for in-car assistants, along with customer programs involving automakers, transportation OEMs, technology companies and partner-led industrial deployments.
Recurring updates also include quarterly results, revenue guidance, cash flow and adjusted EBITDA commentary, software licensing and cloud-connected service activity, patent and intellectual-property actions, and product adoption across connected vehicles and embedded voice applications.
Cerence announced its partnership with Zeekr, a premium electric vehicle brand under Geely Holding Group, to integrate its advanced conversational AI technology into Zeekr's in-car virtual assistant. This collaboration will support ten languages, enhancing driving experiences across diverse global markets.
Zeekr is expanding into more than 20 international markets, including Sweden, the Netherlands, and Australia, with plans to reach 50 markets by the end of 2024. Deliveries of Zeekr’s RHD models will begin in Q3 2024. The Cerence Assistant will provide personalized, proactive experiences using data from car sensors for a comprehensive, multi-modal interaction.
Christian Mentz, Cerence's Chief Revenue Officer, highlighted Zeekr's innovative approach in EV and user-centered design, emphasizing Cerence’s role in delivering an intelligent, global in-car assistant experience.
Cerence Inc. (NASDAQ: CRNC) reported Q2 revenue above expectations, but lowered FY24 guidance due to OEM-related issues and a Goodwill impairment charge. The company sees potential in new generative AI products and next-gen platform for future growth.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.