01-12-2022 | Corporate & Ad-hoc news | Financial news | Press releases

Digital voice assistant: CARIAD takes over AI specialist paragon semvox

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.

•  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."