By Dean Seal

Shares of Cerence gained after the company partnered with Volkswagen to integrate automotive-grade ChatGPT into the automaker's in-car assistant platforms.

The stock was up 6.7% at $20.39 in early trading. Volkswagen's shares, meanwhile, advanced 2.2% to $13.33.

Cerence said Monday that Volkswagen will be the first carmaker to deploy Cerence Chat Pro, which will allow drivers and passengers to engage with an in-car assistant that leverages ChatGPT and a multitude of other sources.

Cerence Chat Pro will become available in current MEB and MQB evo models from VW Group brands that use the IDA voice assistant, the company said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

January 08, 2024 12:18 ET (17:18 GMT)

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