Volkswagen Adds ChatGPT In The Driver's Seat For These Models — But Only In Europe For Now
Portfolio Pulse from Anan Ashraf
Volkswagen AG (OTC:VWAGY) announced plans to integrate OpenAI's ChatGPT, using Cerence Inc's (NASDAQ:CRNC) Chat Pro software, into its vehicles equipped with the IDA voice assistant. The feature will be available in European models such as the ID.7, ID.4, ID.5, ID.3, Tiguan, Passat, and Golf starting in the second quarter. Although not currently planned for U.S. models, Volkswagen is considering the integration. The AI chatbot will assist with general knowledge, infotainment, navigation, air conditioning, and reading aloud content, with a focus on data protection by deleting questions and answers immediately.
January 09, 2024 | 5:45 am
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Cerence Inc's Chat Pro software is being used by Volkswagen to power the ChatGPT integration in their vehicles, indicating a strong partnership and potential growth in usage.
Cerence Inc's involvement in providing the Chat Pro software for Volkswagen's ChatGPT integration could lead to increased visibility and credibility in the automotive AI market. This partnership may result in a positive short-term impact on Cerence's stock as it demonstrates the company's technology being adopted by a major automaker.
CONFIDENCE 75
IMPORTANCE 60
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POSITIVE IMPACT
Volkswagen AG plans to incorporate ChatGPT into its European car models, potentially enhancing the user experience and vehicle appeal.
The integration of ChatGPT into Volkswagen's vehicles could be seen as a positive development, showcasing the company's commitment to innovation and improving the driving experience. This may increase the appeal of Volkswagen's cars and could have a favorable impact on the company's brand image and sales in the short term, especially in the European market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80