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Stock impact report

Applied Intuition and Porsche Announce Joint Developments [Yahoo! Finance]

PORSCHE AUTOMBL UNSP/ADR (POAHY) 
NASDAQ:AMEX Investor Relations: porsche-se.com/en/investor-relations
Company Research Source: Yahoo! Finance
partnership with the German sports car manufacturer Porsche AG . The common goal is the joint development in different fields of automotive software while maintaining software ownership and reducing dependencies on black-box suppliers. This reduces complexity and increases implementation speed. The partnership helps Porsche utilize expertise to develop, deploy, and update vehicle software to provide unique consumer experiences. "Software and AI development is very different from traditional hardware-driven automotive development," said Qasar Younis, Co-Founder and CEO of Applied Intuition. "Integrating and updating different software and AI components can be especially challenging, and that is where our expertise comes in as an AI-first software company." In the latest generation of vehicles, software is becoming increasingly important. It is essential to regularly integrate and update software components purchased from different vendors. Porsche will use the solution along with s Show less Read more
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