Cerence Q1 February 4, 2026 Brian Krzanich, Chief Executive Officer Tony Rodriquez, Chief Financial Officer Forward-Looking Statements Statements in this presentation as well as oral statements made by Cerence management from time to time, regarding: Cerence's future performance, results and financial condition; expected growth, profitability and cash flow; outlook and momentum; transformation plans and cost efficiency initiatives; strategy; opportunities; business, industry and market trends; plans and exp ...

Wedbush Securities analyst Dan Ives is doubling down on his bullish thesis for the “fourth industrial revolution,” identifying Tesla Inc. (NASDAQ:TSLA) and Nvidia Corp. (NASDAQ:NVDA) as the two indispensable pillars of the burgeoning physical AI market.The Two Titans Of Physical AIWhile the tech world remains captivated by Large Language Models (LLMs) and chatbots, Ives argues that the most significant value is shifting toward machines that interact with the physical world.For Ives, two companies stand alon ...

Core Insights - Google's Gemini is gaining significant traction in the AI landscape, with Apple selecting it to enhance Siri's capabilities [1] - The development of Gemini has been a long-term effort, leveraging Google's extensive resources and research capabilities [2][4] - The latest version, Gemini 3, is reportedly performing well on various benchmarks, indicating strong model quality [4] Development and Infrastructure - The company has focused on improving infrastructure to integrate AI capabilities into its products efficiently, with plans to roll out Gemini features across various services, including Gmail [5] - There is an ongoing debate about the path to achieving Artificial General Intelligence (AGI), with some believing that scaling existing models may suffice while others argue for the need for significant scientific breakthroughs [6][9] Market Dynamics - Concerns about an AI bubble exist, particularly regarding startups that secure substantial funding without proven products [10][11] - Despite some areas potentially being overvalued, there are numerous successful applications and use cases in the AI sector [11] Future Outlook - The likelihood of a major technological revolution that reduces the need for processing power is considered low, with current trends indicating that increased computational resources are necessary for training and deploying AI models [12][13] - The impact of AI on the job market is still uncertain, with expectations that new opportunities will arise, particularly for creators and professionals who adapt to new tools [14][15]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Post Hearing Information Pack, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Post Hearing Information Pack. Post Hearing Information Pack of Beijing Haizhi Technology Group Co., Ltd. 北京海致科技集團股份有限公司 (the "Company") (A joi ...

Cerence FY Conference Summary Company Overview - **Company**: Cerence (NasdaqGS:CRNC) - **Industry**: Automotive technology, specifically focused on voice recognition and AI integration in vehicles - **Conference Date**: January 13, 2026 Key Points and Arguments Voice Technology Evolution - Transition from keyword-based voice commands to natural language processing enabled by large language models (LLMs) [1][2] - Current voice technology allows for multiple instructions in one sentence, enhancing user experience and safety [3][4] - Approximately 40% of cars are currently connected, with projections indicating 80%-95% connectivity by the end of the decade [5] Revenue Potential - Estimated annual revenue of $400-$500 per connected vehicle through various services [6] - 80% of car buyers express a desire for embedded AI in vehicles [7] - The company aims to enhance user experience through personalized infotainment and offline performance capabilities [8] Competitive Landscape - Cerence competes with Google by offering both embedded and cloud-based solutions, focusing on personalized experiences for OEMs [9][10] - The company is involved in various sectors beyond automotive, including wearables and smart TVs [11][16] Financial Performance - Q4 FY 2025 revenue was approximately $60 million with a gross margin of 73% [17] - Full fiscal year 2025 revenue reached $252 million, with an adjusted EBITDA of $48 million and free cash flow of $46 million [18] - Guidance for FY 2026 projects revenue between $300 million to $320 million, with expected adjusted EBITDA and free cash flow of around $60 million [19][20] Intellectual Property and Legal Matters - Cerence successfully negotiated a $49 million patent license with Samsung, avoiding court [21] - Ongoing IP disputes with Nuance and other companies, focusing on contract violations and potential infringements [24][25] Revenue Streams and Business Model - Revenue is generated from both embedded technology (paid upon vehicle production) and connected services (paid when the vehicle is sold) [27][30] - The connected services segment is the fastest-growing revenue stream, with double-digit growth reported [30] Market Outlook - Anticipated growth in connected vehicle technology from 30%-40% to over 90% by the end of the decade [39] - The company is focused on increasing the price per unit for new technology and expanding its software offerings [40][41] Customer Engagement and Personalization - Cerence aims to provide a human-like interaction experience in vehicles, utilizing facial recognition and personalized greetings [12][13] - The company is working on enhancing the user experience through unique features tailored to individual OEMs [10][12] Additional Important Information - The company has a significant backlog of contracts valued at approximately $1 billion over five years, providing visibility into future revenue [38] - Cerence is actively exploring monetization opportunities outside of automotive, including partnerships with companies like Sony and TCL [23][26] This summary encapsulates the core discussions and insights from the Cerence FY Conference, highlighting the company's strategic direction, financial performance, and market opportunities.

Core Insights - Cerence Inc. has announced a partnership with Geely Auto to implement Cerence xUI™, a hybrid AI platform aimed at enhancing the in-vehicle voice interaction experience for overseas users [1][2]. Group 1: Partnership Details - The collaboration leverages Geely Auto's AI technology and Cerence's expertise in hybrid AI to prioritize overseas user needs, enhancing driving safety and convenience [2]. - Geely Auto will utilize Cerence xUI to introduce advanced voice interaction features, including multi-intent recognition and natural language understanding, tailored to regional linguistic and cultural preferences [3]. Group 2: Product Features and Benefits - Cerence xUI enables a more natural and intuitive in-car assistant experience, transforming it from a reactive system to a proactive, context-aware companion [4]. - Key features of Cerence xUI include: - Natural, unconstrained dialogue allowing users to interact freely without unrecognized requests [6]. - Multi-intent functionality that allows the assistant to handle complex queries seamlessly [6]. - Support for multiple acoustic zones, providing personalized experiences for each passenger [6]. - Say What You See (SWYS) functionality for hands-free control of the user interface [6]. Group 3: Market Impact and Future Plans - The deployment of Cerence xUI in the Geely Galaxy M9 is set to begin in April 2026, showcasing the rapid market introduction of these AI solutions [4]. - Cerence's technology has been integrated into over 525 million vehicles, indicating a strong market presence and partnership with leading automakers [5].

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Beijing Haizhi Technology Group Co., Ltd. 北京海致科技集團股份有限公司 (the "Company") (A joint stock company incorporated in the ...

Core Insights - Alphabet is emerging as a significant player in the AI chip market, particularly with its tensor processing units (TPUs), which pose a new challenge to Nvidia's dominance in the sector [3][12] - The AI infrastructure market is projected to reach $7 trillion by 2030, with substantial investments from hyperscalers, indicating robust demand for both Nvidia's GPUs and Alphabet's TPUs [14] Group 1: Alphabet's Position in AI Chip Market - Alphabet's TPUs are gaining traction and are being utilized by major tech companies, including OpenAI and Meta Platforms, highlighting their growing demand [8][9] - TPUs are specialized hardware designed for deep learning, contrasting with Nvidia's versatile GPUs that support a wide range of AI applications [5][6] - The introduction of TPUs enhances Google's cloud ecosystem, making it a compelling offering for clients seeking AI solutions [9] Group 2: Competitive Landscape - Despite the rise of TPUs, many users, including Google, continue to rely on Nvidia's GPUs, indicating that TPUs are not replacing GPUs but rather complementing them [12][16] - Major deals involving Nvidia's GPUs, such as OpenAI's $38 billion contract with AWS and Anthropic's $30 billion agreement with Microsoft Azure, demonstrate the ongoing reliance on Nvidia's technology [10][11] - The AI chip market is characterized by multiple players, suggesting it is not a winner-take-all scenario, which may mitigate concerns for Nvidia investors [14][17]

Core Insights - Intuit is engaging in significant initiatives within the mid-market sector, particularly following a crucial tax season last year [1] - The recent partnership with OpenAI has generated considerable interest and debate among investors regarding its implications and potential risks [1] - There are concerns about OpenAI and large language models (LLMs) potentially becoming competitive threats in the tax domain [1] Group 1: Partnership with OpenAI - The nature of the relationship between Intuit and OpenAI is a focal point of discussion, with investors seeking clarity on its implications [1] - Investors express fears about the risks associated with integrating OpenAI's technology, likening it to "letting the fox into the henhouse" [1] - The company is expected to address how it plans to mitigate any potential competitive risks posed by OpenAI [1]

Group 1: Netflix and Warner Brothers Deal - Netflix is pursuing a $72 billion acquisition of Warner Brothers, which could significantly impact competitors like Paramount, Comcast, Amazon, Disney, and Roku [2][4][39] - The deal is expected to yield $2 billion to $3 billion in annual cost savings by year three, indicating a major cost-cutting strategy [4][40] - The acquisition could allow Netflix to raise subscription prices, leveraging its expanded content library, which includes major franchises like The Sopranos, Friends, and Game of Thrones [43][45] Group 2: DocuSign's Performance and AI Integration - DocuSign reported over $818 million in sales for the third quarter, surpassing analyst expectations, with a customer base of 25,000 for its AI-powered intelligent agreement management [6][8] - The company is experiencing early renewals driven by increased consumption of its services, indicating strong customer demand [10][11] - DocuSign is integrating its technology with OpenAI's models, enhancing its agreement management solutions and positioning itself as a leader in the enterprise software space [15][20][24] Group 3: Industry Trends and Competitive Landscape - The streaming industry is becoming increasingly competitive, with Netflix's acquisition potentially widening the gap between it and other players [39][44] - Analysts predict further consolidation in the streaming market as companies like Disney and Paramount seek to compete against Netflix's growing dominance [53][54] - Dollar stores are seeing increased patronage from high-income shoppers, indicating a shift in consumer behavior towards value shopping, with both Dollar General and Dollar Tree reporting significant sales gains [57][58]