Published on 4 Jan 2024 on Zacks via Yahoo Finance
Cerence (CRNC) Benefits From Expanding Clientele, Partner Base
Cerence CRNC is benefiting from an expanding clientele and strong partner base with its recent collaboration with technology giant Microsoft MSFT.This partnership seamlessly integrates Cerence's automotive technology and professional services with Microsoft Azure AI Services, focusing initially on enhancing in-vehicle user experiences by incorporating OpenAI's ChatGPT model through Microsoft Azure OpenAI Service.By deploying the capabilities to vehicles equipped with Cerence Assistant, the flagship in-car assistant platform, the collaboration aims to deliver added post-purchase value for automakers and elevate user interfaces.The joint venture leverages Cerence's deep expertise in transportation and Microsoft's cloud capabilities, aiming to offer powerful, unique in-car experiences while preserving automakers' differentiation and customer relationships.With continuous updates powered by Azure, Cerence solidifies its position as a leader in AI for the automotive industry, providing an enriched user experience with diverse knowledge and real-time data.
Cerence Inc. Price and Consensus