Tech News Summary:
- Stellantis NV acquires artificial intelligence and machine learning technology from CloudMade, including intellectual property rights, patents, and 44 AI engineers and software developers.
- The strategic move aims to enhance the STLA SmartCockpit platform, generate $22 billion in annual revenue from software and subscriptions by 2030, and improve in-vehicle experiences through advanced navigation features, personalized preferences, and fleet management.
- The acquisition reflects a broader trend in the automotive industry of investing in cutting-edge technologies to stay competitive and meet evolving consumer demands, marking a significant step towards revolutionizing the future of in-vehicle experiences.
Stellantis, one of the world’s leading automotive companies, has announced its acquisition of CloudMade, an AI software technology company specializing in the automotive industry. The move is expected to drive the future of automotive innovation by integrating CloudMade’s cutting-edge AI technology into Stellantis’ vehicle lineup.
CloudMade’s AI technology is designed to enhance various automotive functions such as advanced driver assistance systems (ADAS), autonomous driving, and connectivity features. By acquiring CloudMade, Stellantis aims to strengthen its position in the rapidly evolving automotive industry and deliver a more innovative, intelligent, and connected driving experience for its customers.
The acquisition of CloudMade’s AI technology reflects Stellantis’ commitment to staying at the forefront of automotive innovation and leveraging the latest advancements in AI to improve the performance, safety, and efficiency of its vehicles. This strategic move is also expected to support Stellantis’ goal of developing sustainable and environmentally-friendly mobility solutions.
Commenting on the acquisition, Stellantis CEO Carlos Tavares expressed excitement about the potential for collaboration between the two companies, stating, “We are thrilled to welcome CloudMade to the Stellantis family. Their expertise in AI technology will play a crucial role in driving the future of automotive innovation and shaping the mobility solutions of tomorrow.”
The integration of CloudMade’s AI technology into Stellantis’ vehicle lineup is expected to begin in the near future, with the company aiming to deliver a new generation of intelligent, connected vehicles that meet the evolving needs and expectations of today’s consumers. With this acquisition, Stellantis is well-positioned to continue leading the automotive industry in technological innovation and setting new standards for the future of mobility.