Cerence shares surge 65% on Nvidia collaboration expansion [Yahoo! Finance]
Cerence Inc. (CRNC)
Last cerence inc. earnings: 2/11 07:00 am
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Source: Yahoo! Finance
Investing.com --Cerence Inc (NASDAQ:CRNC) shares jumped over 65% to $13.20 on Friday after the company announced an expanded collaboration with Nvidia (NASDAQ:NVDA) to enhance its large language models (LLMs) for the automobile industry. Cerence is advancing its Automotive Large Language Model (CaLLM) using Nvidia AI Enterprise, a cloud-native software platform. The platform will boost computing power and incorporate agentic architecture for the models, enabling automakers to deploy generative AI solutions more efficiently. The collaboration leverages Nvidia's advanced AI and accelerated computing technologies to improve performance and reduce costs for automaker clients integrating generative AI features for drivers, Cerence said. Cerence specializes in voice generative AI LLMs tailored for automotive applications. Related Articles Cerence shares surge 65% on Nvidia collaboration expansion US Steelworkers' union criticizes Nippon Steel's proposal for lack of long-term co
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CRNC
News
- Cerence AI to Present at 27th Annual Needham Growth ConferenceGlobeNewswire
- Stock Market News for Jan 6, 2025 [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Nasdaq, stocks climb even after Santa Claus rally doesn't appear [Yahoo! Finance]Yahoo! Finance
- Cerence stock soars over 140% on new AI partnership with Nvidia [Yahoo! Finance]Yahoo! Finance
CRNC
Earnings
- 11/21/24 - Beat
CRNC
Sec Filings
- 1/2/25 - Form 4
- 1/2/25 - Form 144
- 12/31/24 - Form ARS
- CRNC's page on the SEC website