Core Insights - Cerence Inc. has launched Cerence Chat Pro, an AI-powered voice assistant integrated into Volkswagen's vehicles across Europe, marking the first deployment of this technology to drivers [1][5] - The collaboration between Cerence and Volkswagen was first announced at CES 2024, focusing on enhancing the in-car assistant with generative AI capabilities [1][2] Group 1: Product Features - Cerence Chat Pro allows users to engage in conversational interactions with the in-car voice assistant, utilizing ChatGPT's large language model for credible responses to a wide range of queries [2][4] - The voice assistant is designed specifically for in-car use, combining vehicle command features with access to cloud-based content and real-time information [2][3] Group 2: Language and Model Availability - The service is currently available in five languages: English (US), English (UK), German, Spanish, and Czech, across various Volkswagen Group brands including Volkswagen, Cupra, Seat, and Skoda [3][5] - The rollout includes both new models like the Volkswagen ID. series and updated versions of existing models such as the Golf, Tiguan, and Passat [3] Group 3: Strategic Importance - Volkswagen emphasizes its commitment to democratizing technology, making advanced AI accessible to a broad audience through its vehicles [4] - The partnership aims to enhance the driving experience by making the IDA voice assistant more knowledgeable and capable, contributing to safer and more enjoyable journeys [5] Group 4: Future Plans - The rollout of Cerence Chat Pro will expand globally, including the US, with additional features and improvements expected through early 2025 [5]

BURLINGTON, Mass., June 12, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Jennifer Salinas, Senior Vice President & General Counsel, has been promoted to the newly created role of Executive Vice President & Chief Administrative Officer, effective June 7, 2024. In her expanded role, Ms. Salinas will oversee the company's day-to-day administrative activities and corporate operations, including facilitating strategic planning, partnering with the leadershi ...

Ms. Salinas has served as Senior Vice President & General Counsel of Cerence since April 2022. Prior to Cerence, she was Head of Litigation at Lenovo, the largest PC company worldwide, and General Counsel of the Infrastructure Solutions Group, a $7 billion Lenovo business unit. Her extensive, more than 25-year background also includes ten years as a Partner at several prominent law firms. Ms. Salinas is the former President of the Hispanic National Bar Association and has received numerous awards and recogn ...

BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has appointed Antonio ("Tony") Rodriquez as its interim Chief Financial Officer (CFO), effective June 4, 2024. Mr. Rodriquez brings over 25 years of experience as a financial leader managing all aspects of finance and accounting for both public and private global companies, including in the eCommerce, SaaS, advertising media and consumer marketing industries. As Cerence's inter ...

Core Insights - Cerence Inc. has appointed Antonio ("Tony") Rodriquez as interim Chief Financial Officer (CFO) effective June 4, 2024, bringing over 25 years of financial leadership experience [1][4] - Mr. Rodriquez's previous roles include CFO positions at The Bouqs Company and TouchCommerce Inc., and he has a background in managing finance for various industries including eCommerce and SaaS [3][4] - The company is actively searching for a permanent CFO while Mr. Rodriquez leads the finance organization, which encompasses accounting, tax, FP&A, treasury, facilities, and procurement [1][4] Company Overview - Cerence Inc. is a leader in creating AI-powered experiences for the mobility sector, partnering with major automakers to enhance connected mobility [6] - The company has a strong track record with over 475 million cars equipped with its technology, focusing on connected cars, autonomous driving, and e-vehicles [6]

BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that BMW Group is leveraging Cerence Audio AI to enhance the safety features in its BMW Personal Pilot L3 conditional automated driving system. BMW will leverage Cerence Emergency Vehicle Detection (EVD) to detect the sirens of approaching emergency vehicles. Part of Cerence's Audio AI suite, Cerence EVD utilizes the distinct sound structure inherent to emergency siren signals to achiev ...

BURLINGTON, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that premium electric vehicle (EV) maker Zeekr will integrate Cerence conversational AI technology into its in-car virtual assistant. Zeekr is a global premium electric mobility technology brand under Geely Holding Group. As part of its global expansion strategy, Zeekr has adopted user-driven technologies to meet the needs of drivers from all over the globe. For this commitment, Zeekr c ...

i 1 • our inability to quickly respond to changes in technology and to develop our intellectual property into commercially viable products; • our inability to expand into adjacent markets, including, without limitation, two-wheeled vehicles, trucks and AIoT, in the timeframes or levels expected; • a significant interruption in the supply or maintenance of our third-party hardware, software, services or data; • restrictions on our current and future operations under the terms of our debt and the use of cash ...

Cerence Inc. (NASDAQ:CRNC) Q2 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Rich Yerganian - SVP, Investor Relations Stefan Ortmanns - Chief Executive Officer Daniel Tempesta - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Nick Doyle - Needham & Company Operator Thank you for standing by. My name is Romani [ph] and I will be your conference operator today. At this time, I would like to welcome everyone to Cerence Q2 2024 earnings call. All line ...

Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60.87%. A quarter ago, it was expected that this automotive artificial intelligence developer would post earnings of $0.90 per share when it actually produced earnings of $1.12, delivering a surprise of 24.44%.Over the last four q ...