Automotive tech and artificial intelligence expert Cerence Inc. is celebrating the end of its first year as an independent company following its spinoff from conversational AI pioneer Nuance Communications last year.
In a statement on its website, Cerence draws attention to the steady growth of its position in the automotive innovations market, as well as its ‘consistently strong financial performance.’
“The company that Cerence is today is entirely different than who we were this time last year,” said Sanjay Dhawan, CEO, Cerence. “We’re more agile, more aggressive in our approach to innovation, laser focused on execution, and more dedicated to customer success than ever before. I’m filled with pride in what our team has accomplished, and incredibly excited for what’s to come.”
Despite the COVID-19 outbreak, Cerence has had a busy year thus far, with multiple announcements from the company in recent weeks including the reporting of positive quarterly results, a partnership that will see its speech technology in Volkswagen’s new electric vehicle, and a recent announcement that could have major implications for the Indonesian auto market.
Among the specific products the company wished to highlight in its announcement of the anniversary were the Cerence Cognitive Arbitrator system that allows drivers the option of interacting with more than one voice assistant in their vehicle, and its AI-powered voice-based contactless payment solution, Cerence Pay.
New software solutions were also a big reason behind Cerence’s successful first year, with the company drawing attention to its Cerence ARK (AI Reference Kit) turnkey voice assistant, and its web-based developer platform, Cerence Studio.
With smart and connected cars rapidly growing in popularity, and with 5G technology finally beginning to make its way to many countries around the world, the market for Cerence’s voice technologies and other innovations will likely continue to grow in the coming years.