Cerence and Samsung reach cross-license agreement, Samsung to pay $49.5 million
PositiveFinancial Markets

Cerence and Samsung have successfully reached a cross-license agreement, with Samsung set to pay $49.5 million. This deal is significant as it not only strengthens the partnership between the two tech giants but also enhances their capabilities in the rapidly evolving field of voice recognition technology. Such collaborations are crucial for innovation and can lead to improved products for consumers.
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