Cerence Inc CRNC

As of December 2020, Cerence is the world's primary provider of automotive assistants. The company offers AI-powered innovations and assistants for autonomous and connected vehicles. Among the company's customers are the world's leading automakers. Founded in 2019, the company is based in Burlington, Massachusetts.

Cerence is available on the NASDAQ GS stock exchange with the ticker of CRNC. As of December 2020, the CRNC share price had ranged from a 52-week low of $11.39 in March 2020 before climbing to a 52-week high of $94.92 in December 2020. This stock provided a 487.86% one-year return as of December 2020. On December 4, 2020, this stock was trading at $90.53.

The company estimates that its technology is currently deployed in half of the cars produced in the world as of December 2020. Cerence supplies sophisticated artificial intelligence, advanced voice recognition, gaze and gesture technologies, and augmented reality and situational awareness solutions. Among the company's products are edge software components, toolkits, applications, cloud-connected components, virtual assistant coexistence, and professional services. Additionally, Cerence products support conversational artificial intelligence. This includes artificial intelligence services, natural language understanding, and voice recognition.

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