Cerence Inc. - Common Stock (CRNC)
Frequently Asked Questions About Cerence Inc. - Common Stock (CRNC)
How can companies partner with Cerence?
Companies interested in partnering with Cerence can reach out through their official website or contact their business development team. Cerence collaborates with automotive manufacturers, technology firms, and service providers to integrate their solutions.
How does Cerence address data privacy?
Cerence is committed to ensuring data privacy and security by implementing robust policies and practices that adhere to industry standards. They prioritize user consent and control over personal data collected through their systems.
How does Cerence support its customers post-implementation?
Cerence offers comprehensive support to its customers post-implementation, including technical assistance, training, and regular updates to ensure that their AI solutions continue to function optimally and meet customer needs.
How does Cerence's technology work?
Cerence's technology utilizes advanced artificial intelligence, machine learning algorithms, and natural language processing to interpret and respond to voice commands. This allows drivers to interact with their vehicles in a more natural and intuitive manner.
How does Cerence’s technology improve road safety?
Cerence's technology enhances road safety by allowing drivers to interact with their vehicles without taking their eyes off the road. Voice commands minimize distractions and promote hands-free operation of crucial vehicle functions.
Is Cerence Inc. a publicly traded company?
Yes, Cerence Inc. is publicly traded on the NASDAQ stock exchange under the ticker symbol CRNC. The company went public following its spin-off from Nuance Communications.
What are some recent developments at Cerence?
Recent developments at Cerence include the launching of enhanced voice recognition features, partnerships with leading automotive manufacturers, and continued investments in R&D to expand their AI capabilities and improve user experiences.
What are the main products offered by Cerence?
Cerence offers a range of products that include voice recognition, natural language understanding, contextual awareness, and speech synthesis solutions tailored for use in automotive environments. These products enhance driver interaction and improve overall vehicle safety and convenience.
What does Cerence Inc. do?
Cerence Inc. is a global leader in artificial intelligence and conversational AI technologies designed specifically for the automotive industry. The company develops software that enables vehicles to understand and respond to voice commands, creating more intuitive and engaging user experiences.
What industries, besides automotive, can benefit from Cerence's technology?
While Cerence specializes in automotive solutions, their technology has potential applications in other industries such as smart home technology, healthcare, and customer service, where voice and conversational AI can enhance user interactions.
What is Cerence's growth strategy?
Cerence's growth strategy focuses on expanding its product offerings, fostering strategic partnerships within the automotive ecosystem, and investing in research and development to enhance its AI capabilities and address evolving market demands.
What is Cerence's stance on sustainability?
Cerence is dedicated to promoting sustainability within the automotive sector by developing technologies that contribute to safer, smarter driving experiences, which can lead to reduced emissions and improved efficiency in transportation.
What is Cerence’s mission?
Cerence's mission is to redefine the way people interact with their vehicles by enabling intelligent and personalized experiences through innovative AI technologies. They aim to make driving safer and more engaging through their solutions.
What is the significance of Cerence's AI technology in vehicle design?
Cerence's AI technology significantly influences vehicle design by enabling manufacturers to integrate voice-activated features seamlessly. This results in smarter infotainment systems and user interfaces that prioritize driver comfort and engagement.
What markets does Cerence serve?
Cerence primarily serves the automotive market, providing solutions for passenger vehicles, commercial vehicles, and ride-sharing services. The company's technology enhances user experiences across these sectors by integrating voice-based interactions.
When was Cerence Inc. founded?
Cerence Inc. was founded as a spin-off from Nuance Communications in October 2019. This transition allowed Cerence to focus exclusively on providing advanced AI-driven solutions for the automotive market.
Where is Cerence Inc. headquartered?
Cerence Inc. is headquartered in Burlington, Massachusetts, USA. The company has operations globally, serving automotive manufacturers and technology partners across various regions.
Who are Cerence's main competitors?
Cerence operates in a competitive landscape that includes companies like Nuance Communications, Amazon (with Alexa Auto), Google (with Google Assistant), and various technology firms specializing in automotive systems. However, Cerence distinguishes itself with a focus tailored specifically to automotive applications.
Who are the key executives at Cerence Inc.?
As of the latest information, key executives at Cerence Inc. include CEO Sanjay Dhawan, who has extensive experience in the technology sector, as well as other leaders in engineering, development, and sales who drive the company's innovation and strategy.
What is the current price of Cerence Inc. - Common Stock?
The current price of Cerence Inc. - Common Stock is 6.880
When was Cerence Inc. - Common Stock last traded?
The last trade of Cerence Inc. - Common Stock was at 4:00 pm EDT on April 4th, 2025
What is the market capitalization of Cerence Inc. - Common Stock?
The market capitalization of Cerence Inc. - Common Stock is 277.33M
How many shares of Cerence Inc. - Common Stock are outstanding?
Cerence Inc. - Common Stock has 40.31M shares outstanding.