Core Viewpoint - Cerence Inc. has filed a lawsuit against Microsoft and Nuance Communications for copyright infringement and breach of contract, focusing on its text-to-speech technology, which is crucial for its product offerings in automotive and other sectors [1][2][3]. Company Overview - Cerence Inc. is a global leader in AI-powered user experiences, particularly in the automotive and transportation industries, with over 500 million cars equipped with its technology [4]. - The company emphasizes its commitment to protecting its intellectual property rights and plans to defend its innovations vigorously [3][4]. Legal Context - The lawsuit aims to safeguard Cerence's significant investments in its intellectual property portfolio, particularly its text-to-speech technology, which is foundational to its operations [2][3]. - The action against Microsoft and Nuance is seen as necessary to uphold the company's culture of innovation and protect its market position as it expands beyond automotive applications [3].

BURLINGTON, Mass., May 05, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced an expanded collaboration with its long-time partner and distributor, Code Factory, to introduce VoiceTopping, a new solution that will bring conversational AI to self-service kiosks in a variety of industries. The announcement marks an important step as Cerence AI begins its strategic expansion into new markets, bringing the p ...

Core Insights - Cerence Inc. has announced a partnership with MediaTek and expanded collaboration with NVIDIA to enhance its CaLLM™ Edge, an embedded small language model designed for automotive user experiences [1][2] - The new multi-modal capabilities powered by NVIDIA AI Enterprise software will improve in-car interactions, making them smarter, safer, and more secure [1][2] - The partnership aims to deliver advanced features for both drivers and automakers, unlocking new subscription-based services and revenue streams [3][4] Group 1: Partnership and Technology - The collaboration between Cerence, MediaTek, and NVIDIA focuses on integrating MediaTek's automotive-grade Dimensity Auto Cockpit chipsets with NVIDIA's technologies to create a high-performance, cost-efficient solution for automakers [2][4] - CaLLM Edge will be showcased at Auto Shanghai 2025, demonstrating its capabilities in a production-ready automotive reference design [3][6] - The multi-modal edge solution is designed to enhance contextual awareness both inside and outside the vehicle, improving the overall in-vehicle experience [2][5] Group 2: Innovations and Features - Key innovations include the ability for the in-car assistant to understand and respond to multiple users simultaneously, enhancing interaction [5] - The system can provide contextual information about the vehicle's surroundings, such as translating road signs and identifying buildings [5] - Cerence AI has developed automotive guardrails optimized for NVIDIA DRIVE AGX to ensure safe and reliable in-car interactions, even with limited connectivity [5][6] Group 3: Market Impact - The advancements in CaLLM Edge are expected to reduce cloud bandwidth requirements and costs for OEMs, while also enabling new revenue opportunities through generative AI-powered features [3][4] - The collaboration is positioned as a significant addition to the automotive ecosystem, allowing global automotive brands to accelerate their next-generation designs [4][6] - Cerence AI's technology has been integrated into over 500 million cars, highlighting its established presence in the automotive industry [8]

Core Insights - Cerence Inc. will showcase its Cerence xUI™ platform, an AI assistant that operates across edge and cloud, for the first time at Auto Shanghai 2025 in collaboration with Great Wall Motor and TCL [1][2] Company Overview - Cerence Inc. is a global leader in creating AI-powered user experiences in the automotive sector, with over 500 million cars equipped with its technology [3][5] - The company focuses on integrating voice, generative AI, and large language models to enhance user experiences in vehicles [3] Product Features - Cerence xUI includes multi-modal capabilities with CaLLM Edge™, enhancing in-car interactions beyond traditional infotainment [4] - The platform utilizes the CaLLM™ family of language models and integrates real-time and contextual data to create engaging conversational interfaces [4] - Features include dual- and multi-seat interaction, allowing synchronized voice-controlled operations between front and rear seats [4] - Smart home integration enables users to control home systems directly from the vehicle [4] Partnerships - The collaboration with Great Wall Motor aims to bring AI innovation to their vehicles as they expand globally [2] - The partnership with TCL focuses on combining intelligent cockpit technologies with Cerence's automotive expertise to revolutionize mobility [2]

Core Insights - Cerence Inc. will announce its second quarter financial results for the period ending March 31, 2025, on May 7, 2025, at 4:05 PM Eastern Time [1] - A live conference call and webcast will be held on the same day at 5:00 PM Eastern Time to discuss the results [2] Company Overview - Cerence Inc. is a global leader in creating AI-powered user experiences in the automotive and transportation sectors [3] - The company has shipped over 500 million cars equipped with its technology and collaborates with leading automakers and technology firms [3] - Cerence is headquartered in Burlington, Massachusetts, and has a global presence dedicated to advancing AI innovation [3]

Core Insights - Cerence Inc. has been awarded the Best Technology Award by HARMAN, highlighting its commitment to innovative AI solutions for enhancing in-car experiences [1][2][4] - The recognition reflects a long-term collaboration between Cerence AI and HARMAN, focusing on automotive technology innovations [2][4] - HARMAN's recent introduction of the "Luna" avatar, powered by Cerence AI's technology, showcases the integration of emotionally intelligent AI systems in vehicles [3] Company Overview - Cerence Inc. is a leader in creating AI-powered experiences in the automotive sector, with over 500 million cars equipped with its technology [5] - The company specializes in voice, generative AI, and large language models to enhance user experiences in transportation [5] - Cerence AI is headquartered in Burlington, Massachusetts, and operates globally, partnering with major automakers and technology firms [5]

Core Insights - Cerence Inc. has been awarded the Best Technology Award by HARMAN, highlighting its commitment to innovative AI solutions for enhancing in-car experiences [1][2][4] - The recognition is a result of a long-term collaboration between Cerence AI and HARMAN, focusing on innovations that shape the future of automotive technology [2][4] Company Overview - Cerence Inc. is a global leader in creating AI-powered experiences in the automotive and transportation sectors, with over 500 million cars equipped with its technology [5] - The company specializes in voice, generative AI, and large language models to provide safer and more enjoyable journeys for drivers and passengers [5] Recent Developments - At CES 2025, HARMAN introduced its "Luna" avatar, which is powered by Cerence AI's voice assistant, enhancing personalized interactions in vehicles [3] - Cerence AI's CaLLM™ Edge SLM has been integrated into HARMAN's Ready Upgrade, facilitating third-party app development for in-car applications while ensuring data security [3]

Group 1: Company Achievements - Cerence Inc. received the Best Contribution Award at the 2025 ECARX Partnership Conference, marking the second consecutive year of recognition for its contributions to ECARX and its OEM customers [1] - The partnership between Cerence AI and ECARX has been ongoing since ECARX's founding in 2017, focusing on automotive programs for various Geely brands, including Audio AI solutions and multilingual support [2] Group 2: Partnership Developments - The collaboration has recently expanded to include the deployment of Cerence's generative AI-powered solutions, enhancing the driving experience for smart drivers [3] - The ECARX Antora 1000 platform, utilized in the Hongqi 007/009 models, features advanced voice functionalities, including English speech recognition and text-to-speech capabilities in 17 languages, supporting Hongqi's global market expansion [3] Group 3: Company Overview - Cerence Inc. is a leader in creating AI-powered experiences in the automotive sector, with over 500 million cars shipped with its technology [5] - ECARX, founded in 2017 and listed on Nasdaq in 2022, has over 1,800 employees and its products are present in over 7.3 million vehicles worldwide [6][7]

Core Viewpoint - SoundHound AI has experienced significant stock price growth since the rise of artificial intelligence in late 2022, with a 429% increase in 2023 despite recent pullbacks [2] Company Overview - SoundHound specializes in voice-activated technology, serving industries such as restaurants and automotive [2][5] - The company launched its Houndify platform in 2016, enabling brands to create conversational voice assistants [5] - Cerence focuses on AI-powered virtual assistants specifically for the mobility and transportation market, with a strong presence in the automotive sector [7][8] Financial Performance - SoundHound reported an 85% revenue increase to $84.5 million in 2024, but its path to profitability remains uncertain with an adjusted EBITDA loss of $61.9 million [9][10] - For 2025, SoundHound anticipates revenue to double, projecting between $157 million and $177 million [10] - Cerence's revenue grew 12.5% to $331.5 million in fiscal 2024, but it expects a decline to $236 million-$247 million due to a lost contract with Toyota [11] - Cerence is profitable, reporting an adjusted net income of $56.1 million in fiscal 2024 [11] Valuation Metrics - SoundHound has a price-to-sales ratio of 37, reflecting its rapid growth potential [12] - Cerence trades at a trailing price-to-earnings ratio of less than 8, but its forward P/E is about 60 due to expected earnings declines [12] Investment Considerations - SoundHound is seen as a high-growth but high-risk investment, facing competition from major tech companies [13][14] - Cerence is viewed as a more stable investment, with established profitability and potential for future growth through partnerships, such as its recent collaboration with Nvidia [14]

Core Insights - Cerence Inc. has appointed Marion Harris, a former executive at Ford Motor Company, as an independent, non-executive director effective April 1, 2025 [1] - Harris brings over 25 years of experience in the automotive and financial services sectors, including his role as Chairman and CEO of Ford Motor Credit Company, where he led a successful digital transformation [2] - The addition of Harris to the Cerence AI Board is expected to provide strategic insights as the company continues to innovate in automotive and expand into the broader mobility market [3][4] Company Overview - Cerence Inc. is a global leader in creating AI-powered user experiences in the automotive and transportation sectors, with over 500 million cars equipped with its technology [5] - The company focuses on leveraging voice, generative AI, and large language models to enhance safety and connectivity for drivers and passengers [5] - Cerence is headquartered in Burlington, Massachusetts, and collaborates with leading automakers and technology companies to advance user experiences [5]