SOUNDHOUND AI INC - SOUN STOCK NEWS

SoundHound AI (Nasdaq: SOUN) has unveiled its next-generation AI platform for restaurants, enhancing its Dynamic Drive-Thru solution with omnichannel ordering capabilities. The platform now extends beyond drive-thru to include Call-to-Order, Text-to-Order, Scan-to-Order, and In-Car Voice Ordering.

Key features include:

• Polaris™ Advanced Speech Recognition Model for improved accuracy
• Fully autonomous voice generative AI operating without human intervention
• AI-driven upselling that offers upsells 100% of the time vs traditional 42%
• Smart Lane Technology enabling pre-ordering
• Advanced analytics and multilingual support

The company currently powers over 10,000 restaurant locations, partnering with major brands like Chipotle, Church's Texas Chicken, Jersey Mike's, and White Castle. At CES 2025, SoundHound also introduced the first-ever in-vehicle voice commerce ecosystem, enabling hands-free food ordering and payment through car infotainment systems.

SoundHound AI (Nasdaq: SOUN), a global leader in voice artificial intelligence, has scheduled its 2024 fourth quarter and full year financial results announcement for Thursday, February 27, 2025, after market close. The company will hold a conference call and webcast on the same day at 2:00 p.m. PT / 5:00 p.m. ET, hosted by Co-Founder and CEO Keyvan Mohajer and CFO Nitesh Sharan.

Investors can access the live audio webcast at investors.soundhound.com, where a replay will also be available. Those interested in receiving company updates can register for email notifications at the investor relations website.

SoundHound AI (Nasdaq: SOUN) has launched Brand Personalities, a pioneering feature for its SoundHound Chat AI Automotive voice assistant. This first-of-its-kind innovation allows automakers to customize distinct personas for their in-vehicle voice assistants, aligned with their brand identity.

The feature enables car manufacturers to control their voice assistant's personality, including response style and character. They can choose pre-designed personas, create custom personalities, or introduce seasonal characters. Multiple personas can be defined for specific sub-brands or model lines, allowing different vehicle types to have distinct personalities.

According to a SoundHound study, 77% of regular drivers are likely to use voice generative AI capabilities in their vehicles. The technology is currently deployed across 20 brands in over 25 languages. Recent implementations include Lucid Motors, Alfa Romeo, Citroën, Peugeot, Opel, and Vauxhall, with DS Automobiles being the first to fully integrate generative AI technology in production.

Rekor Systems (REKR) and SoundHound AI (SOUN) announced a collaboration to transform emergency vehicle technology by combining SoundHound's voice AI with Rekor's Scout® vehicle recognition software. The partnership aims to provide hands-free operation of automatic license plate recognition (ALPR) and other critical vehicle systems for law enforcement and first responders.

The integration will enable voice-controlled management of emergency light bars, sirens, two-way radios, PA systems, in-car printers, and HVAC control. The system will deliver immediate voice alerts for critical information like Amber and Silver Alerts or wanted vehicle sightings. The solution will also integrate with Mobile Data Terminals (MDTs) to provide access to criminal databases, dispatch details, and incident reports through voice commands.

The technology will utilize existing high-resolution cameras in modern vehicles, eliminating the need for aftermarket hardware. With approximately 100,000 police vehicles purchased annually in the U.S., the solution targets a significant market opportunity.

SoundHound AI (NASDAQ: SOUN) has unveiled the first-ever in-vehicle voice commerce platform at CES 2025, featuring hands-free food ordering capabilities through car infotainment systems. The groundbreaking AI software allows drivers to order takeout, make payments, and navigate to pickup locations completely hands-free.

The platform will be demonstrated at CES with various integrated restaurant partners. According to research, a majority of drivers in the US and Europe showed strong interest, with over 55% indicating they would use this feature regularly. The system enables users to bypass drive-thru lanes and coordinate food pickup timing with GPS navigation.

SoundHound is in discussions with major automotive manufacturers to pilot this technology, aiming for a 2025 launch. While initially focused on food ordering, the company plans to expand into banking transactions, ticket purchases, and appointment scheduling. This development was accelerated by SoundHound's recent Allset acquisition, with the technology currently deployed across hundreds of enterprise brands and millions of cars and devices.

SoundHound AI (NASDAQ: SOUN) has announced that Lucid Motors has launched the Lucid Assistant, a revolutionary hands-free voice assistant powered by SoundHound Chat AI. The system enables natural, conversational control of vehicle functions and provides responses from both real-time information domains and large language models.

The assistant, activated by saying 'Hey Lucid,' allows drivers to access the car manual, control navigation, and get information about weather, sports, and stocks. It features SoundHound's proprietary technology that reduces AI hallucination risks and works in multiple languages including English, Spanish, French, Arabic, German, and Dutch.

The system operates both online and offline for certain features and will continue to evolve through over-the-air software updates. SoundHound will showcase the Lucid Assistant's functionality with a Lucid Air demonstration at their CES booth.

SoundHound AI (Nasdaq: SOUN) has achieved recognition as a Leader in the 2024 Frost Radar™: Enterprise Conversational AI in Healthcare for its Amelia Platform. The healthcare conversational AI market is projected to reach $2.34 billion by 2027, growing at a 17.2% CAGR.

The company's platform leverages natural language processing, understanding, and fine-tuned large language models to enhance patient engagement and streamline healthcare operations. Key features include appointment scheduling, pre-registration, medication refills, and location services across multiple channels. The platform also provides IT support and help desk services for healthcare employees.

Following SoundHound's acquisition of Amelia, the company has positioned itself among the largest publicly traded conversational AI companies, combining advanced voice AI capabilities with Amelia's enterprise platform to address complex healthcare use cases.

SoundHound AI (Nasdaq: SOUN) has announced a partnership with Church's Texas Chicken to implement its voice AI-powered drive-thru ordering solution. The Dynamic Drive-Thru system provides instant audiovisual feedback and processes natural verbal commands, designed to streamline ordering and reduce wait times.

The technology can handle up to 90% of orders without human intervention, allowing restaurant staff to focus on order fulfillment and customer service. The system features continuous audiovisual feedback, ignores off-topic speech for improved accuracy, and maintains the option for customers to speak with staff if preferred.

SoundHound AI (Nasdaq: SOUN) has announced the deployment of its voice AI Smart Ordering system across all 130 Torchy's Tacos locations. The AI system has been trained on Torchy's complete menu and can handle multiple calls simultaneously, process customized orders, and answer common questions about menu items, specials, store hours, and allergen information.

The system enables natural voice ordering and manages 100% of incoming calls, allowing staff to focus on food preparation and in-store service. According to SoundHound's consumer study, nearly 80% of regular U.S. diners expect AI voice assistants to handle most food ordering in the coming years. The company's voice AI solutions are currently operating in over 10,000 restaurant locations and have processed hundreds of millions of dollars in food orders through over 100 million customer interactions.