Stellantis Acquires AI and Machine Learning Technology from CloudMade to Enhance In-Vehicle Experience
Stellantis NV, a global automotive company, announced on Wednesday its acquisition of artificial intelligence and machine learning technology from U.K.-based CloudMade. The company has also obtained intellectual property rights and patents as part of the deal. Exact details of the acquisition were not disclosed. However, Stellantis will also welcome 44 AI engineers and software developers from CloudMade to further strengthen its in-house capabilities.
Boosting the STLA SmartCockpit: An Exciting Mid-Term Development
This strategic move by Stellantis aims to enhance and develop the company’s STLA SmartCockpit platform. The innovative technology is set to debut in vehicles this year, giving customers an unparalleled in-vehicle experience. With this acquisition, Stellantis plans to generate an estimated annual revenue of nearly $22 billion by 2030, primarily through software sales and subscriptions.
CloudMade’s Impressive AI-Powered Framework: Revolutionizing User Experiences
CloudMade’s AI-powered framework has played a pivotal role in the automotive industry over the past decade. This industry-leading cloud and software development kit has significantly contributed to advancements in user experiences. The technology’s capabilities include predictive vehicle maintenance and diagnostics, personalized climate control and driving coaching, Stellantis-specific voice assistants, advanced navigation systems, and fleet management solutions. Integrating this cutting-edge technology into Stellantis’ vehicles will prioritize data privacy and minimize associated risks.
Accelerating Intelligent Mobility Solutions: A Step Towards Personalized Experiences
Yves Bonnefont, Stellantis’ chief software officer, expressed excitement about the acquisition, highlighting the ability to create intelligent mobility solutions more efficiently and with greater flexibility. This development shows Stellantis’ commitment to providing personalized experiences for its customers, both within the vehicles themselves and via mobile devices.
A Promising Partnership for the Future
The collaboration between Stellantis and CloudMade comes at a crucial time for the automotive industry, as technological advancements continue to reshape the landscape. By joining forces with CloudMade and expanding its talent pool with 44 experienced professionals, Stellantis can stay at the forefront of innovation, delivering transformative solutions that delight customers with unique and tailored in-vehicle and mobile experiences.
Looking Ahead: Stellantis’ Vision for the Road Ahead
As Stellantis continues to invest in software and subscription-based revenue streams, the acquisition of CloudMade’s AI and machine learning technology marks a pivotal moment in the company’s journey. With a strong focus on customer satisfaction and personalization, Stellantis aims to revolutionize the automotive industry by offering an extensive range of intelligent mobility solutions. These developments are set to shape the future of in-vehicle experiences, reaffirming Stellantis’ commitment to providing cutting-edge technologies that cater to the evolving needs and preferences of its customers.
Analyst comment
Positive news: Stellantis’ acquisition of AI and machine learning technology from CloudMade will enhance their in-vehicle experience and boost the STLA SmartCockpit platform. This strategic move aims to generate an estimated annual revenue of nearly $22 billion by 2030 through software sales and subscriptions. The collaboration with CloudMade strengthens Stellantis’ position as an innovative leader in the automotive industry, providing personalized and transformative solutions for customers.
