Tech News Summary:
- Stellantis NV has acquired artificial intelligence and machine learning technology from CloudMade, a UK-based startup, to enhance their in-vehicle experience.
- The acquisition includes intellectual property rights, patents, and the onboarding of 44 AI engineers and software developers, with expectations of generating $22 billion in annual revenue from software and subscriptions by 2030.
- The AI-powered framework from CloudMade will contribute to various aspects of vehicle functionality, such as diagnostics, personalized preferences, advanced navigation, and fleet management, highlighting Stellantis’ commitment to technological innovation within the automotive industry.
Stellantis, the global automotive leader, is making headlines with its latest acquisition of a startup’s cutting-edge AI technology, which is set to revolutionize in-vehicle software.
The acquisition comes as part of Stellantis’ ongoing efforts to stay ahead in the rapidly evolving automotive industry, where advanced technology and software are becoming increasingly important in vehicles.
The startup’s AI technology is designed to enhance the functionality and performance of in-vehicle software, offering a range of benefits such as improved connectivity, personalized experiences, and advanced driver assistance systems.
Stellantis has expressed its commitment to integrating this AI technology across its entire vehicle lineup, with the goal of delivering an unparalleled driving experience for its customers.
Industry experts are hailing the acquisition as a game-changer for Stellantis, positioning the company at the forefront of innovation in in-vehicle software. This move is expected to give Stellantis a competitive edge in the market and solidify its position as a leader in automotive technology.
Stellantis’ CEO has expressed enthusiasm about the potential of the new AI technology, stating that it will play a key role in shaping the future of mobility and setting new industry standards.
With this acquisition, Stellantis is demonstrating its commitment to staying at the forefront of automotive innovation and delivering the best possible driving experience for its customers. As the industry continues to evolve, Stellantis is proving that it is dedicated to embracing new technology and leading the way in automotive innovation.