Stellantis shares rose sharply after the company announced an expanded partnership with French tech firm Mistral AI. The two companies have been collaborating for 18 months and are now launching two new platforms to develop AI solutions and improve customer service. The platforms, Innovation Lab and Transformation Academy, will focus on AI integration in sales, aftersales, and core production.
Stellantis plans to use AI-driven insights to personalize interactions with customers in showrooms and vehicle engineering. Mistral AI’s technology will help the company deliver meaningful results, according to Chief Engineering & Technology Officer Ned Curic.
The partnership comes after Stellantis’ share price slumped 30% in the last 12 months due to various challenges, including the departure of CEO Carlos Tavares. However, the company’s market share in Europe has increased by 1.3% to 17%, and its North American order book improved by 90%.
Source: https://www.tipranks.com/news/stellantis-stock-stla-gets-second-wind-after-plans-to-scale-ai-with-french-firm-mistral