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Announced

Volkswagen-backed CARIAD to acquire paragon semvox.

Synopsis

CARIAD, a software company of Volkswagen, agreed to acquire paragon semvox, an AI specialist. Financial terms were not disclosed. "The car of the future will be automated and connected. The digital experience inside the car is therefore becoming increasingly important. 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," Lynn Longo, CARIAD CTO.

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