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BURLINGTON, Mass. - Cerence Inc. (NASDAQ:CRNC), a conversational AI company with a market capitalization of $430 million, announced Thursday it has filed a patent infringement lawsuit against Apple Inc. in the United States District Court for the Western District of Texas. The company’s stock has shown remarkable strength, delivering a 218% return over the past year.
The lawsuit alleges Apple infringed on certain Cerence technologies related to text input and recognition, and voice command monitoring that are deployed in Apple’s products.
Jennifer Salinas, Chief Administrative Officer & General Counsel at Cerence, stated the company plans to "defend its IP rights to protect our significant R&D investments and technical leadership," adding that the company is "committed to enforcing our intellectual property rights."
Cerence, which develops AI-powered user experiences primarily for the automotive industry, claims to have a portfolio of patents developed through decades of research and development. The company noted these patented technologies are critical components of its product portfolio and its work with customers, including automakers and technology companies.
The Burlington-based firm reports that its technology has been shipped in more than 525 million cars globally.
No specific damages or remedies being sought were disclosed in the announcement, which was based on a company press release statement.
Cerence shares trade on the Nasdaq under the ticker CRNC.
In other recent news, Cerence Inc. reported its third-quarter fiscal year 2025 earnings, surpassing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$0.06, exceeding the expected -$0.13, and reported revenue of $62.2 million, beating the anticipated $54.94 million. Additionally, Cerence has filed a new patent infringement lawsuit against Apple Inc., alleging unlawful infringement of six patents related to text input, recognition, and voice command monitoring for electronic devices.
In other developments, Cerence announced a strategic partnership with SiMa.ai to integrate its automotive-grade embedded small language model, CaLLM Edge, with SiMa.ai’s MLSoC Modalix platform. This collaboration aims to deliver low-power conversational AI for vehicles. Furthermore, Cerence has integrated its Audio AI suite into HARMAN’s AudioworX platform, enhancing automotive audio technology with features like Speech Signal Enhancement and Emergency Vehicle Detection. These initiatives highlight Cerence’s ongoing efforts to innovate in the automotive AI space.
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