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EQS-News Digital voice assistant: CARIAD takes over AI specialist paragon semvox

EQS-News: paragon GmbH & Co. KGaA / Key word(s): Disposal
Digital voice assistant: CARIAD takes over AI specialist paragon semvox

01.12.2022 / 16:01 CET/CEST
The issuer is solely responsible for the content of this announcement.


Digital voice assistant: CARIAD takes over AI specialist paragon semvox

 

  • With the planned acquisition, CARIAD strengthens its expertise in the development of digital voice assistants based on artificial intelligence
  • CARIAD CTO Lynn Longo: "We are pursuing the strategy of developing key technologies ourselves and are consistently expanding our expertise for this purpose. The digital customer experience is one of our strategic priorities."

 

Wolfsburg/Delbrueck | December 1, 2022 - CARIAD, the software company of the Volkswagen Group, plans to acquire AI specialist paragon semvox and today signed the corresponding purchase agreement with automotive supplier paragon. With the acquisition, CARIAD is strengthening its competencies in the field of digital voice assistants based on artificial intelligence. CARIAD is already working on a digital assistant that will offer Volkswagen Group customers a personalized and attractive digital experience in the car. The closing of the transaction is still subject to various conditions, in particular the reservation of antitrust approvals, and is expected in spring 2023.

 

"The car of the future will be automated and connected. The digital experience inside the car is therefore becoming increasingly important," says Lynn Longo, Chief Technical Officer at CARIAD. "In the future, an intelligently interacting voice assistant will be the central touchpoint for the Group brands to their customers and will play a major role in the user experience. paragon semvox is a proven specialist in voice technology. With the planned acquisition, we are therefore systematically expanding our internal expertise. After all, we want to develop key technologies ourselves that differentiate the Group brands from the competition. The digital customer experience is one of our strategic priorities."

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EQS-News Digital voice assistant: CARIAD takes over AI specialist paragon semvox EQS-News: paragon GmbH & Co. KGaA / Key word(s): Disposal Digital voice assistant: CARIAD takes over AI specialist paragon semvox 01.12.2022 / 16:01 CET/CEST The issuer is solely responsible for the content of this announcement. Digital voice …

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