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Cerence to Work on AI-Powered Car Platform With LG, Shares Higher

   By Stephen Nakrosis 
 

Shares of Cerence Inc. (CRNC) are trading higher Tuesday, after the company said it would be working with LG Electronics on an AI-powered connected car platform.

At 12:53 p.m. EST, Cerence shares had risen 6.19% to trade at $21.63.

Earlier Tuesday, Cerence said it would work with LG to merge that company's webOS Auto In-Vehicle Infotainment system with Cerence's ARK, "a new turnkey voice assistant for the automotive market."

Cerence said the companies intend "to create and advance a more convenient in-car experience through voice commands that allow drivers and passengers to have far more control over car functions, navigation and multimedia content."

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 14, 2020 13:14 ET (18:14 GMT)

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