Automotive-focused AI specialist Cerence Inc. continues to pick up speed in its latest fiscal report. For its second fiscal quarter of 2020, Cerence reports GAAP revenues of $86.5 million and an adjusted EBITDA of $29 million. Those are considerable year-over-year improvements, with the company having seen GAAP revenues of $70.3 million and an adjusted EBITDA…
Cerence has set a date for the publication of its Q2 results for 2020. The automotive AI specialist will issue its second-ever quarterly report as an independent company on May 7. It’s already clear that the company has had a fairly eventful Q2. It announced a AI assistant-focused collaborative partnership with LG in January, and…
Cerence has signed a $125 million contract with an undisclosed European car manufacturer. The deal is the largest in the company’s relatively short corporate history, and reaffirms its position as one of the leading developers of voice-based virtual assistants for the automotive industry. “This is a tremendous milestone for Cerence and further evidence of strong…
In a week marked by the conspicuous absence of one of the mobile industry’s biggest events – Mobile World Congress Barcelona, which was cancelled due to concerns about the spread of coronavirus – mobile tech news nevertheless marched on, with a variety of topics making their way into Mobile ID World’s top stories roundup. One…
Software technology provider ArcherMind unveiled its new EX4.0 Automotive Cockpit Solution at CES 2020 this week. ArcherMind will integrate its software with Qualcomm’s Snapdragon Automotive Cockpit Platform to produce integrated benchmark tools and technical support packages that aim to help automakers and suppliers in product design and commercialization to bring their platform to consumers. “As…
The automotive AI specialist Cerence has reaffirmed its development partnership with Daimler. The two companies have worked together to create the Mercedes-Benz User Experience (MBUX) multimedia system, a conversational AI platform that first appeared in the Mercedes-Benz A-Class in 2018. The partnership itself was originally forged while Cerence was still under the Nuance Communications umbrella.…
Cerence has partnered with Indonesia’s Wuling Motors to develop the first Indonesian-language smart car voice assistant. The Wuling Indonesian Command (WIND) platform has already been placed in the Wulin Almaz, and was selected as the winner in the technology category at the 2019 Apresiasi Inovasi Awards. Like other voice assistants, WIND allows drivers to use…
Toyota is set to launch the new LQ concept car equipped with its own AI-driven assistant. According to Toyota, the LQ concept smart car will feature ‘Yui’, an AI assistant that is designed to read the driver’s biometric signs and deliver a personalized mobility experience. “With the LQ, we are proud to propose a vehicle…
“MSU added that CANVAS vehicles will also leverage biometric technology ‘for passenger identification, theft protection and owner personalization.’” Michigan State University is seeking to pioneer the use of advanced new automotive technologies on its 5,200-acre campus. Calling it the “Connected and Autonomous Networked Vehicles for Active Safety”, or “CANVAS”, initiative, MSU is taking advantage of various…
“…BMW Group emphasized its artificial intelligence, asserting that it can learn the driver’s habits, allowing it to offer directions based on a command like, ‘Take me home.’” BMW cars will get their own virtual assistant early next year, dubbed the “BMW Intelligent Personal Assistant.” The system will allow drivers to adjust various in-car settings on…
