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."
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(END) Dow Jones Newswires
January 14, 2020 13:14 ET (18:14 GMT)Copyright (c) 2020 Dow Jones & Company, Inc.