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Cerence AI, in collaboration with MediaTek and NVIDIA, has unveiled an advanced multi-modal language model designed for automotive applications, just ahead of Auto Shanghai 2025. This development integrates Cerence's CaLLM Edge technology with MediaTek's Dimensity Auto Cockpit chipsets and NVIDIA's AI Enterprise software, creating a solution that enhances in-car interactions through increased intelligence and security. The system aims to provide both drivers and passengers with personalized, contextually aware experiences by processing information at the edge, thus reducing reliance on cloud resources. This partnership showcases a significant advancement in automotive AI technology, giving automakers new tools for customizable and efficient voice-based systems.
In other trading, Microchip Technology was a notable mover up 12.4% and ending the day at $47.12. On Thursday, the company introduced the MCPF1412 power module, offering greater efficiency, reduced size, and enhanced reliability for power conversion applications. Meanwhile, Hua Hong Semiconductor softened, down 6.3% to finish the session at HK$34.35.
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Advanced Micro Devices settled at $94.47 up 4.5%.
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Intel finished trading at $21.49 up 4.4%. On April 24, Intel reported a first-quarter net loss of USD 821 million, an increase from a USD 381 million loss last year.
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ASML Holding closed at €591.70 up 1.9%. On Wednesday, during its Annual General Meeting, the company approved a total dividend for 2024 of €6.40 per ordinary share.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.