Stellantis NV, the global automotive company, has recently completed the acquisition of artificial intelligence (AI) and machine learning technology, along with associated intellectual property rights and patents, from CloudMade, a U.K.-based tech firm. The strategic move aims to elevate Stellantis' in-vehicle experience, enhancing user interfaces and features. While specific details of the asset deal remain undisclosed, Stellantis has confirmed the inclusion of 44 AI engineers and software developers from CloudMade in the transaction.
This acquisition is set to bolster the mid-term development of Stellantis' STLA SmartCockpit platform, slated for deployment in vehicles later this year. With a vision for substantial growth, the automaker anticipates generating nearly $22 billion (20 billion euros) in annual revenue from software and subscription services by the year 2030. The incorporation of CloudMade's AI-powered framework, recognized as an industry-leading cloud and software development kit, has played a pivotal role in advancing user experiences in the automotive sector over the past decade, as highlighted in a recent Stellantis news release.
The technology acquired is poised to make significant contributions to various aspects of the automotive experience, including predictive vehicle maintenance and diagnostics, personalized preferences spanning climate control to driving coaching, a Stellantis-specific voice assistant, advanced navigation, and fleet management. Stellantis emphasizes that by internalizing the training models, the company can effectively mitigate data privacy risks, ensuring a more secure and personalized experience for users.Yves Bonnefont, Chief Software Officer at Stellantis, expressed enthusiasm about the acquisition, stating, "We will create intelligent mobility solutions faster and with more flexibility to delight our customers with in-vehicle and mobile experience personalization." This strategic move positions Stellantis at the forefront of technological innovation within the automotive industry, signaling its commitment to delivering cutting-edge solutions and enhancing the overall driving experience for its customers.