Cerence is once again highlighting the conversational utility of its new Cerence Studio solution. Cerence Studio debuted earlier this month, and is being pitched as a development platform that will make it easier for automobile manufacturers to customize their in-car experiences. To that end, Cerence argues that talking to a voice assistant built with Cerence…
Cerence will enjoy considerable interest savings after refinancing its debt. The company has sold $175 million worth of three percent convertible senior notes due 2025, and obtained a $125 million senior secured term loan A credit facility. It then used the money generated through those activities to pay off its existing senior secured term loan…
Cerence has released a new tool that will help car manufacturers create their own custom voice assistants. The web-based development platform has been dubbed Cerence Studio. The platform was built to help Cerence’s automotive partners deliver more distinctive in-car experiences. Conversational technology has become far more widespread in recent years, and automakers are hoping that…
Cerence has renewed its partnership with Ford, and will now be delivering conversational AI and voice recognition capabilities for Ford SYNC 4. The latest iteration of the in-car infotainment platform was first unveiled back in November, and will make its debut in new Ford vehicles later in the year. Ford and Cerence have been collaborating…
Cerence‘s conversational AI technology will power the next generation of Audi’s AI assistant, the company has announced. The technology is being delivered to Audi in the form of Cerence Drive, a platform including speech recognition, natural language understanding, and text-to-speech capabilities. The AI technology is based on deep learning algorithms, and is designed to understand…
“Now, Cerence ARK Assistant is available to support interactions in US English.” Automotive AI assistant specialist Cerence has adapted its ARK solution for the US market. First announced in December and aimed at the China market, Cerence’s ARK (‘AI Reference Kit’) was touted as a turnkey solution for car makers looking to quickly integrate Cerence’s…
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 is continuing to make inroads in the Chinese automotive market. The company has announced that Bean Tech will be using the Cerence ARK platform to develop voice assistants for China’s Great Wall Motors. Bean Tech and Great Wall are strategic partners. Cerence ARK (AI Reference Kit) debuted in December as a turnkey solution that…
Fiat Chrysler Automobiles (FCA) has become the latest car manufacturer to adopt Cerence Drive. The voice recognition solution has been integrated into Uconnect 5, the most recent version of FCA’s Uconnect in-car infotainment platform. Uconnect 5 will be deployed across FCA’s entire product line, allowing drivers to use the brand of their vehicle as the…
Cerence has reaffirmed its partnership with China’s Geely Auto Group. The two companies have announced that Geely’s China Euro Vehicle Technology (CEVT) subsidiary will utilize Cerence’s new Cerence ARK platform to build AI voice assistants for Geely motor vehicles. The AI reference kit was developed specifically for the Chinese market. The new voice assistant will…
Cerence is continuing to develop its smart car portfolio with the release of Cerence UX Services. The UX Services suite will draw on Cerence’s expertise as a developer of Human-Machine Interfaces (HMI) to analyze various aspects of the in-car user experience and evaluate the quality of people’s interactions with those interfaces. Auto manufacturers can then…
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…
“Thanks to Cerence’s natural language capabilities, users will not need to use specific voice commands to navigate the platform.” Cerence has formalized its business relationship with HERE Technologies. The two teams formerly worked together when Cerence was still under the Nuance Communications umbrella, and are reaffirming that commitment now that Cerence has spun out on…
Cerence has released a new Cognitive Arbiter that was built to improve the interoperability of virtual assistants and other voice-based services. In plain terms, that means that the Arbiter will eliminate confusion in an environment in which multiple virtual assistants are active at the same time, as is the case when people bring a smartphone…
Cerence has officially revealed the results of its first fiscal quarter as an independent company, after the automotive AI specialist split off from Nuance Communications last October. In a report comparing the first quarter of Cerence’s 2020 fiscal year to its performance from the same period a year ago – when it was still the…
Cerence has set a date for the publication of its first quarter results: February 11, 2020. The results will be issued at 7:00 a.m. EST, 4:00 a.m. PST. The corporate update will cover the first quarter of Cerence’s fiscal year, with Q1 having ended December 31, 2019. As such, it will cover the company’s first…
Cerence has released a new text-to-speech feature that allows developers to adjust the perceived gender of a computer voice. The feature can be used to make a feminine voice seem more masculine (or vice versa), or to create a genderless voice that lies somewhere in between. According to Cerence, the timbre feature gives developers more…
Cerence is teaming up with LG Electronics to give drivers more control over the in-car experience. The two companies have signed a Memorandum of Understanding (MoU) that attests to their plan to develop a software solution that blends Cerence ARK (AI Reference Kit) with LG’s webOS Auto platform. Cerence ARK is a voice assistant that…
