Cerence reports Q2 EPS 46c, consensus 30c
Reports Q2 revenue $78.01M, consensus $75.34M. 'I'm incredibly proud of what our team has accomplished. We surpassed the high end of our revenue and adjusted EBITDA guidance and posted our fourth consecutive quarter of positive free cash flow, demonstrating the high value we provide to the world's leading automakers as they work through the ongoing macro uncertainties and complexities facing the industry today,' said Brian Krzanich, CEO, Cerence (CRNC) AI. 'As we look to the future and based on currently available information, we believe we are well-positioned to continue supporting our customers as they work to bring an enhanced experience to their drivers. With Cerence xUI, we are partnering with OEMs as they contemplate and build their future infotainment platforms, as well as delivering enhanced user experiences via over-the-air updates as automakers upgrade their current systems to deliver next-gen features and capabilities to their drivers today.'
Protect Your Portfolio Against Market Uncertainty
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Verge
19 minutes ago
- The Verge
Posted Jun 11, 2025 at 5:17 PM EDT
Wikipedia halts experiment with AI-generated article summaries. Following a slew of complaints from editors, a Wikimedia Foundation spokesperson confirmed to 404 Media that it's pausing the two-week test, which began on June 2nd. The experiment put AI-generated summaries at the top of articles for users who opted in. One editor responded to the idea by saying, 'Just because Google has rolled out its AI summaries doesn't mean we need to one-up them.'
Forbes
33 minutes ago
- Forbes
World Of Forbes: Stories Of Entrepreneurial Capitalism Across Our 49 International Editions
Across the planet, our 49 licensed editions span six continents, 81 countries and 31 languages. They all share the same mission: celebrating entrepreneurial capitalism in all its forms. 'As a parent, one tries to convey gratitude for being alive, for effort, for virtues, honoring it with work, building something beyond oneself, not being arrogant and assuming social responsibility with community service.' Eduardo Costantini China billionaires The collective fortunes of Chinese billionaires is up 26% over 2024, despite escalating trade tensions with the U.S. ByteDance cofounder Zhang Yiming (front left) saw a more than 50% jump in his net worth to $65.5 billion, with investors optimistic about the AI potential of the tech giant's TikTok app. DeepSeek founder Liang Wenfeng (front, second from right) joined the ranks after the red-hot AI firm based in Hangzhou released its ChatGPT competitor in January. Anish Shah When Anish Shah became CEO of Mahindra Group in 2021, it was the first time someone outside the billionaire Mahindra family took the wheel since 1945, when two brothers and a third cofounder started the company in steel trading. Today, the $19 billion (revenue) Mumbai empire employs 260,000 people in 100 countries with businesses ranging from automobile manufacturing to resorts to farm equipment. Shah's next big hurdle is to maintain dominance in India's SUV and tractor market while racing into the EV future. Dean Leitersdorf Forbes Israel calls Dean Leitersdorf, 27, one of the most promising figures on its 30 Under 30 list. The computer science Ph.D., who hails from the town of Mevaseret Zion, cofounded AI startup Decart in late 2023 with Moshe Shalev and has secured $53 million in funding at a reported valuation of at least $500 million. Based in San Francisco, Decart enables organizations to develop and train big data models efficiently. It released an AI-generated video game, Oasis, which Leitersdorf says reached 1 million registered users in just three days—faster than the growth pace of OpenAI's ChatGPT. Elon Musk took notice, writing on his X platform last October, 'Wow, this is happening fast.' Leonardo Del Vecchio 'It doesn't matter how traditional or innovative a sector is; the important thing is to develop it in the Italian way,' says Leonardo Maria Del Vecchio, the 30-year-old son of late eyeglasses billionaire Leonardo Del Vecchio (d. 2022). 'I love Italy and its variety, and it is this wealth that guides my every investment choice.' Through his three-year-old family office, LMDV Capital, he has holdings in bottled water, restaurants, film production and entertainment. He's also an executive at EssilorLuxottica, which owns brands such as LensCrafters, Oakley and Ray-Ban, all of which his father acquired as founder and longtime head of Luxottica. Rolf Sorg Rolf Sorg started PM-International in 1993 and has grown it every year since. Today his $3.3 billion (revenue) Schengen-based company sells supplement pills, nutrient-rich drink blends and skin care products in nearly 100 countries. 'I've learned that success lies outside the comfort zone,' says Sorg, who is still CEO, reflecting on managing through crises and challenges like Donald Trump's recent tariffs on goods imported to the U.S. 'A building is not just infrastructure, but also the value it brings to the people who use it every day.' Ema Iftimie Demetrio Carceller Arce Demetrio Carceller Arce runs Damm, a Barcelona-based brewery that dates to 1876 and that his oilman grandfather purchased in the 1950s and passed down to his father, former billionaire Demetrio Carceller Coll (d. 2023). During three decades at the helm, Carceller Arce has prioritized expanding internationally—Damm is now in over 130 countries—while adding product categories such as soft drinks and incorporating sustainable measures like solar power generation. 'When I arrived, Damm was like a sleeping racehorse, with extraordinary potential—a local, profitable company with a century-long history,' he says. It now brings in north of $2 billion in annual revenue. Tanit Chearavanont 'Being the next tycoon makes me see myself as a big fish,' says Tanit Chearavanont, the grandson of the country's richest person, Dhanin Chearavanont, in an interview with Forbes Thailand in which he discusses the importance of next-gen leaders gaining outside experience. 'But in this generation, I see the next tycoon as a 'fast fish' that eats both big and small fish.' In his case, he's working at Bangkok-based conglomerate Charoen Pokphand Group, run by his uncle Suphachai Chearavanont. He currently leads international expansion for the group's retail arm, CP Axtra, which generated about $15 billion in 2024 revenue selling groceries and other products in nine countries. Yiğit Güocak (right) and Ali Yılmaz Former university classmates Yiğit Gürocak (right) and Ali Yılmaz created Obilet in 2012 to digitize buying bus tickets. The pair have since expanded into an online booking site for flights, hotels, car rentals and ferries. The company is headquartered in Istanbul and now operates in 50 countries, 21 languages and 33 currencies. It had attracted nearly $20 million in investments before French carpooling marketplace BlaBlaCar acquired an 80% stake in late 2024.
TechCrunch
40 minutes ago
- TechCrunch
Apple is salvaging Image Playground with a boost from ChatGPT
When Apple first unveiled Image Playground last year, the company touted it as a quick and easy way to generate personalized, original images with the help of Apple Intelligence. Upon launch, the app was met with skepticism, as some users were disappointed by its limitations and low-quality results. For example, one Reddit user was surprised to find that Image Playground kept generating an image of a hand with six fingers when prompted to create an 'up close image of a hand.' In another instance, a user was unable to receive images of simple descriptions, such as 'old man' or 'flower.' Some people even questioned what the point of the app was, noting that it seemed juvenile when compared to popular AI image generators. (Of course, not everybody dislikes the app; some have described it as being a fun experience). Fast-forward to this year's WWDC, where the tech giant announced that it's going to boost Image Playground with a ChatGPT integration, which should allow for a better, more advanced AI image generation service. With the new ChatGPT integration, users will be able to access more styles that move beyond the emoji-like creations that Image Playground has become known for. Images can be created in the following new styles: Oil Painting, Watercolor, Vector, Anime, and Print. In addition, people will be able to select a new 'Any Style' option that allows them to describe exactly what they want. These new styles will be visible under a banner that reads 'ChatGPT style.' Image Credits:Apple In the past, users were limited to Animation, Illustration, Sketch, and Genmoji styles. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Apple says that Image Playground will send a user's description to ChatGPT to generate an image. The tech giant notes that it won't share anything with ChatGPT without users' permission. By integrating ChatGPT into Image Playground, Apple is giving the app another shot at attracting users while positioning its AI image creation tool as a more well-rounded competitor to other similar free apps. Plus, it makes sense for Apple to leverage ChatGPT to boost Image Playground, especially since the company has already tapped OpenAI's tools in other ways. Last year, Apple announced that it was bringing ChatGPT to Siri and other first-party apps and capabilities across its operating systems. With Siri, the assistant leverages ChatGPT when it's unable to answer a question or its own or when a user specifically asks Siri to send an inquiry to ChatGPT. Apple has also integrated ChatGPT into system-wide tools like Writing Tools, allowing users to generate, rewrite, and summarize text in apps like Notes and Mail. The updated Image Playground app is expected to launch alongside the release of iOS 26 this fall.
