CRNC

Cerence Engages First Automaker Customers for CaLLM™, Its Pioneering Automotive Large Language Model

Retrieved on: 
Thursday, March 21, 2024
Original equipment manufacturer, Blog, Transport, AI, Life, CRNC, LLM, Safety, CES, Automotive industry, Data, Cryptocurrency

BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its automotive-specific LLM that serves as the foundation for Cerence’s next-generation in-car computing platform.

Key Points: 
  • BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its automotive-specific LLM that serves as the foundation for Cerence’s next-generation in-car computing platform.
  • Cerence is working with three major global automakers as the first customers for its NVIDIA technology-powered solution.
  • Unveiled at CES 2024 , CaLLM™ brings the future of the integrated in-car experience to life.
  • CaLLM™ is distinctly able to provide a full, end-to-end solution supporting automotive functions, features, and requirements and is deeply customizable for automakers through training, fine-tuning, and bespoke applications.

Cerence Announces Equity Grant to Employee Under Inducement Plan

Retrieved on: 
Tuesday, March 19, 2024
CRNC, Employment, AI

Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company’s common stock over the trailing 20 trading days ending on the date of grant.

Key Points: 
  • Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company’s common stock over the trailing 20 trading days ending on the date of grant.
  • The time-based restricted stock units will vest in three equal installments on each of October 1, 2024, October 1, 2025, and October 1, 2026, in each case subject to Mr. Tempesta’s continued service with the Company through the applicable vesting date.
  • All of these awards were granted as an inducement material to Mr. Tempesta entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.
  • To learn more about Cerence, visit www.cerence.com , and follow the company on LinkedIn and Twitter .

Cerence Names Daniel Tempesta as Chief Financial Officer

Retrieved on: 
Monday, March 4, 2024
CFO, Acquisition, Hamas, Failure, EVP, AI, Annual report, Transport, Growth, Treasury, Risk, Human, University, COVID-19, CRNC, Houthi movement, PwC, Knowledge, Security (finance), Microsoft, Teradyne, Partnership, Management

(NASDAQ: CRNC), AI for a world in motion, today announced that it has appointed Daniel Tempesta as its new Chief Financial Officer (CFO), effective March 18, 2024.

Key Points: 
  • (NASDAQ: CRNC), AI for a world in motion, today announced that it has appointed Daniel Tempesta as its new Chief Financial Officer (CFO), effective March 18, 2024.
  • Mr. Tempesta brings more than 30 years of financial and operational excellence, as well as extensive knowledge of Cerence from his previous role as CFO of Nuance Communications Inc. (“Nuance”).
  • As Cerence’s CFO, Mr. Tempesta will be focused on accelerating growth, improving operating results, and driving sustainable, long-term value.
  • During his tenure at Nuance, Mr. Tempesta held numerous senior finance roles, including chief accounting officer and senior vice president of finance.

Cerence Announces Its Participation at Two Upcoming Investor Conferences

Retrieved on: 
Tuesday, February 27, 2024
AI, Raymond James Financial, Conference, Morgan Stanley, CRNC

The Raymond James conference includes a fireside chat featuring Iqbal Arshad, Cerence’s CTO.

Key Points: 
  • The Raymond James conference includes a fireside chat featuring Iqbal Arshad, Cerence’s CTO.
  • The Morgan Stanley conference fireside chat will feature Stefan Ortmanns, Cerence’s CEO and Tom Beaudoin, Cerence’s CFO.
  • The webcasts for both conference fireside chats will be accessible from the “Events” section of the company’s website ( https://www.cerence.com/investors/events-and-resources ).
  • To learn more about Cerence, visit www.cerence.com , and follow the company on LinkedIn and Twitter .

Cerence to Announce Fiscal First Quarter Results on February 6, 2024

Retrieved on: 
Tuesday, January 23, 2024
AI, CRNC, Webcast, News

BURLINGTON, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.

Key Points: 
  • BURLINGTON, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.
  • The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time.
  • The teleconference replay will be available through February 20, 2024.
  • To learn more about Cerence, visit www.cerence.com , and follow the company on LinkedIn and Twitter .

Cerence and Škoda Elevate the In-Vehicle Experience with Cerence Chat Pro

Retrieved on: 
Tuesday, January 16, 2024
EVO, Knowledge, Partnership, Intelligence, Volkswagen Group, AI, ChatGPT, MEB, Safety, CRNC, Human, MQB, LLM, Atmosphere, Mobile phone

Škoda will launch a new in-car assistant experience leveraging Cerence Chat Pro, providing a seamless and intelligent companion for their everyday journeys.

Key Points: 
  • Škoda will launch a new in-car assistant experience leveraging Cerence Chat Pro, providing a seamless and intelligent companion for their everyday journeys.
  • Cerence Chat Pro is the fastest and easiest way for automakers to integrate ChatGPT into their in-car assistant platforms with full flexibility, extensive customization, and low integration effort, while ensuring protection for personal information and vehicle data.
  • Cerence Chat Pro uses Cerence’s large language model (LLM) to handle more than 10,000 open-ended questions and answers, transforming the in-car assistant into a truly conversational companion.
  • “Integrating ChatGPT into our voice assistant, Laura, is just the latest way that Škoda adapts advanced technology to improve the driving experience.

Great Wall Motor Selects Cerence to Power In-Car Experience as Automaker Expands Globally

Retrieved on: 
Wednesday, January 10, 2024
Weather, GWM, SUV, Temperature, AI, Language, CRNC, Transport, Climate, Great Wall Motor, 3D printing

BURLINGTON, Mass., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Great Wall Motor Company (GWM), one of China’s largest SUV, pickup, and electric vehicle manufacturers, has selected Cerence to power the in-car experience across its lineup as it expands worldwide.

Key Points: 
  • BURLINGTON, Mass., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Great Wall Motor Company (GWM), one of China’s largest SUV, pickup, and electric vehicle manufacturers, has selected Cerence to power the in-car experience across its lineup as it expands worldwide.
  • GWM and Cerence have collaborated to bring new, enhanced user experiences to GWM drivers.
  • “Great Wall Motor’s success in China serves as a strong foundation for success globally as it expands worldwide and brings new electric models to market,” said Stefan Ortmanns, CEO, Cerence.
  • We are proud to be part of GWM’s global success.”
    To learn more about Cerence, visit www.cerence.com , and follow the company on LinkedIn and Twitter .

Smart Eye and Cerence to showcase emotionally aware in-car assistant, further advancing the AI-powered immersive companion

Retrieved on: 
Tuesday, January 9, 2024
Technology, Aftermarket, Automotive, General Automotive, Other Technology, Other Automotive, Software, Hardware, Autonomous Driving, Vehicles, Artificial Intelligence, DMS, Las Vegas Convention Center, Multimedia, Intelligence, AI, Behavior, Emotional intelligence, HMI, Safety, CRNC, CES, Emotion, Human, Smart Eye, Eye, Mobile phone

View the full release here: https://www.businesswire.com/news/home/20240109320844/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240109320844/en/
    Smart Eye and Cerence to showcase emotionally aware in-car assistant at CES 2024.
  • On display at CES 2024, Smart Eye’s driver monitoring system (DMS) software is integrated with Cerence Assistant, the company’s core in-car assistant offering.
  • This integrated offering also supports drowsiness detection, which is becoming increasingly mandatory through new driver monitoring regulations worldwide.
  • “Drivers and passengers want to interact with vehicle HMI in a more natural, personalized and relevant manner,” said Martin Krantz, Smart Eye Founder and CEO.

Volkswagen and Cerence Collaborate to Bring New, Generative AI-Powered Interaction to Drivers

Retrieved on: 
Monday, January 8, 2024
MEB, IDA, Partnership, Software, System, Data, ChatGPT, LLM, Motion, Human, MQB, Volkswagen, CRNC, Volkswagen Group, Life, Industrial design

Volkswagen will leverage Cerence’s new, generative AI-powered Cerence Chat Pro to enable drivers and passengers to engage the in-car assistant in fun and conversational chit-chat, leveraging a multitude of sources, including ChatGPT, to provide accurate and relevant responses to nearly every query imaginable.

Key Points: 
  • Volkswagen will leverage Cerence’s new, generative AI-powered Cerence Chat Pro to enable drivers and passengers to engage the in-car assistant in fun and conversational chit-chat, leveraging a multitude of sources, including ChatGPT, to provide accurate and relevant responses to nearly every query imaginable.
  • Cerence Chat Pro is the fastest and easiest way for automakers to integrate ChatGPT into their in-car assistant platforms with full flexibility, extensive customization, and low integration effort.
  • Volkswagen will be the first automaker to roll out Cerence Chat Pro via cloud updates to cars already on the road, delivering immediate value to drivers as they look to leverage generative AI for productivity and entertainment while on the go.
  • To learn more about Cerence, visit www.cerence.com , and follow the company on LinkedIn and Twitter .

Cerence Collaborates with Microsoft to Develop Next-Generation, Generative AI-Powered Automotive User Experience

Retrieved on: 
Wednesday, January 3, 2024
Azure, Microsoft, OEM, Microsoft Azure, Original equipment manufacturer, AI, Human, CRNC, Transport, Intelligence, Mobility, Corporation, Video game

As a first step, Cerence and Microsoft have collaborated to deliver a curated, automotive-grade implementation for users to access OpenAI’s ChatGPT model through Microsoft Azure OpenAI Service in their vehicles.

Key Points: 
  • As a first step, Cerence and Microsoft have collaborated to deliver a curated, automotive-grade implementation for users to access OpenAI’s ChatGPT model through Microsoft Azure OpenAI Service in their vehicles.
  • Through the companies’ collaboration, automotive OEMs and their customers will benefit from Cerence’s deep vertical expertise and footprint in transportation combined with Microsoft cloud capabilities, creating a holistic user experience through seamless integration into automakers’ voice and touch user interfaces.
  • Cerence plans to deploy these new capabilities to new vehicles with Cerence Assistant, the company’s flagship in-car assistant platform, enabling automakers to deliver added value post-purchase and upgrading the user experience with myriad knowledge domains and real-time data.
  • With Cerence’s deep automotive expertise, we are together well positioned to support automakers in creating highly differentiated customer experiences,” said Dominik Wee, Corporate Vice President, Manufacturing & Mobility, Microsoft.