Shares of Cerence Inc. (NASDAQ: CRNC) soared this morning, reflecting investor enthusiasm for the company’s newly announced partnership expansion with NVIDIA. As of the latest premarket trading update, CRNC stock was priced at $9.60, marking an impressive 21.06% increase.
Strengthening AI for Automotive Applications
The collaboration centers around enhancing Cerence’s CaLLM (Cerence Automotive Large Language Model) family of language models. This includes both the cloud-based CaLLM and the embedded CaLLM Edge model. CRNC’s advancements leverage NVIDIA AI Enterprise, a comprehensive cloud-native software platform, and NVIDIA DRIVE AGX Orin for embedded solutions.
By integrating these cutting-edge technologies, Cerence aims to revolutionize in-car conversations through robust agentic frameworks, combining hardware, software, and user experience (UX) expertise. This integration enables more sophisticated, responsive, and secure interactions between drivers and vehicle systems.
Accelerating Development with NVIDIA Technology
Cerence is utilizing NVIDIA AI Enterprise tools, such as NVIDIA TensorRT-LLM and NVIDIA NeMo, to accelerate the development and deployment of its language models. These technologies optimize the CaLLM family for enhanced in-vehicle assistant performance, ensuring faster response times and reduced latency on NVIDIA’s accelerated computing platforms.
Additionally, the collaboration includes the creation of an automotive-specific implementation of NVIDIA NeMo Guardrails, designed to refine in-car interactions and safeguard against potential misuse or errors. By embedding these advancements into the CaLLM Edge model via NVIDIA DRIVE AGX Orin, CRNC is setting the stage for a new era of personalized and reliable user experiences in vehicles.
Enabling Next-Generation Driver Experiences
The expanded partnership positions Cerence to deliver significant benefits to automakers and their customers. These include improved performance, cost savings, and enhanced security features for AI-powered solutions. As automakers race to adopt generative AI technologies, CRNC’s optimized models promise to elevate driver safety, enjoyment, and productivity on the road.
With its CaLLM platform as a foundation, Cerence is at the forefront of deploying advanced AI capabilities, ensuring faster, more reliable interactions that redefine the future of in-car user experiences.
