Cerence expands automotive presence with new chat integration, enhancing in-car voice assistants

From Nasdaq: 2024-06-25 11:43:00

Cerence (CRNC) is expanding with Cerence Chat Pro integration in Volkswagen Group’s (VWAGY) European lineup, enhancing in-car voice assistants with generative AI capabilities and real-time information access across various models. The move signifies Cerence’s commitment to advancing automotive AI technology through strong partnerships with key players like BMW, NVIDIA (NVDA), and Microsoft (MSFT).

Despite facing tough competition in the automotive voice assistance market, Cerence continues to expand its clientele and boost top-line growth. With revenue expectations of $66-72 million for the third quarter of fiscal 2024 and a Zacks Rank #3 (Hold), the company remains focused on leveraging its innovative solutions to drive success in the automotive industry.



Read more at Nasdaq: Cerence (CRNC) Expands Automotive Footprint With Chat Pro