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SoundHound AI, Inc. - SOUN STOCK NEWS

Welcome to our dedicated page for SoundHound AI news (Ticker: SOUN), a resource for investors and traders seeking the latest updates and insights on SoundHound AI stock.

SoundHound AI, Inc. (Symbol: SOUN) is a leading innovator in the field of conversational intelligence. The company specializes in providing an independent Voice AI platform that empowers businesses across various industries to deliver high-quality conversational experiences to their customers.

The core business of SoundHound AI revolves around its advanced voice recognition technology, which is designed to understand and respond to natural human speech. This technology is used in a range of applications, from customer service and virtual assistants to in-car navigation systems and smart home devices.

Recently, SoundHound AI has achieved several significant milestones. These include the expansion of its platform to support multiple languages and the forging of new partnerships with major companies in the automotive, telecommunications, and consumer electronics sectors. These collaborations enable SoundHound AI to integrate its Voice AI solutions into various products and services, enhancing user experience and operational efficiency.

Current projects at SoundHound AI focus on further improving the accuracy and responsiveness of its voice recognition technology. The company is also exploring new use cases for its platform, such as in healthcare and finance, where conversational AI can streamline processes and improve customer interactions.

The financial condition of SoundHound AI is robust, with steady revenue growth driven by the increasing adoption of its technology. The company continues to invest in research and development to maintain its competitive edge and innovate new solutions that meet the evolving needs of businesses and consumers.

Overall, SoundHound AI is at the forefront of the Voice AI revolution, providing powerful tools that enable businesses to create engaging and efficient conversational experiences.

News

SoundHound AI To Participate in Citizens JMP Technology Conference on March 4

Rhea-AI Summary
SoundHound AI, Inc. (Nasdaq: SOUN) will participate in the Citizens JMP Technology Conference on March 4. Nitesh Sharan, CFO of SoundHound AI, will present at the event in San Francisco. The presentation will be broadcast live, offering investors insights into the company's financial outlook and strategic direction.
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-6.79%
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SoundHound AI Reports Record Quarter with 80% Q4 Revenue Growth to $17.1 Million; Adjusted EBITDA Improved by 80% Year-Over-Year in Q4

Rhea-AI Summary
SoundHound AI, Inc. (SOUN) reported a record quarter with 80% Q4 revenue growth to $17.1 million, achieving a 2x increase in combined cumulative subscriptions and bookings backlog to $661 million year-over-year. Adjusted EBITDA improved by 80% in Q4, showcasing strong financial performance. The company expanded its customer base, secured notable partnerships, and launched innovative AI products, positioning itself as a leader in voice artificial intelligence.
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Global First As SoundHound AI’s Voice Assistant With Integrated ChatGPT Goes Into Full Production with Stellantis DS Automobiles; In-Car Usage Sees Huge Growth

Rhea-AI Summary
SoundHound AI, Inc. (SOUN) announces the full production launch of its voice assistant with integrated ChatGPT in collaboration with Stellantis DS Automobiles. The innovative technology, named Iris, will be available in thirteen languages across eighteen countries, offering hands-free voice control for various tasks. The system aims to reduce the risk of 'AI hallucinations' and has shown a significant increase in user engagement, with DS Automobiles reporting over a 50% rise in usage.
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-5.51%
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SoundHound AI to Report 2023 Fourth Quarter and Full Year Financial Results, Host Conference Call and Webcast on February 29

Rhea-AI Summary
SoundHound AI, Inc. (SOUN) will report its 2023 Q4 and full-year financial results on February 29, 2024. Keyvan Mohajer, Co-Founder, and CEO, along with Nitesh Sharan, CFO, will host a conference call and webcast to discuss the results.
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SoundHound And Jersey Mike’s Introduce Voice AI Phone Ordering

Rhea-AI Summary
SoundHound AI, Inc. (Nasdaq: SOUN) has partnered with Jersey Mike’s Subs to implement a cutting-edge conversational voice assistant for phone orders. The voice AI system is optimized for natural human speech and can handle multiple orders at once. Initially live at 50 locations, the AI technology is trained on Jersey Mike’s entire menu and can recognize items instantly, providing a seamless ordering experience for customers.
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SoundHound AI Participated in Investor Events in December

Rhea-AI Summary
SoundHound AI, Inc. (Nasdaq: SOUN) participated in investor events in December and made the replays available. Keyvan Mohajer, CEO and Co-Founder, and Nitesh Sharan, CFO, participated in virtual conferences. Company email notifications can be registered at investor.soundhound.com.
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1.91%
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SoundHound AI to Acquire SYNQ3 to Expand Its AI Customer Service Solutions and Create the Largest Voice AI Provider for Restaurants

Rhea-AI Summary
SoundHound AI, Inc. (Nasdaq: SOUN) has announced a definitive merger agreement to acquire SYNQ3 Restaurant Solutions, creating a new AI market leader with over 10,000 restaurant locations and best-in-class voice AI solutions. The deal will significantly extend SoundHound's market reach and accelerate the deployment of leading-edge generative AI capabilities to the industry. The merger will make SoundHound the preeminent U.S. provider of voice AI for restaurants, adding large brands spanning drive-thru, fast casual, casual segments, and convenience stores to its fast-growing customer base.
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0.96%
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SoundHound AI Announces New Employee Assist Voice AI Product for Restaurants

Rhea-AI Summary
SoundHound AI, Inc. (Nasdaq: SOUN) Introduces Employee Assist, a State-of-the-Art Conversational AI Product for Restaurant Employees
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SoundHound AI Reports Record Third Quarter, Revenue Increases to $13.3 Million, Adjusted EBITDA Improves 57% Year Over Year

Rhea-AI Summary
SOUN - SoundHound AI Reports Record Third Quarter, Revenue Increases to $13.3 Million, Adjusted EBITDA Improves 57% Year Over Year. SoundHound AI (Nasdaq: SOUN) reported a 52% sequential and 19% year-over-year increase in revenue to $13.3 million, with a 73% gross margin. The company also saw a 57% improvement in adjusted EBITDA and expects fourth quarter 2023 revenue to be in a range of $16 to $20 million, aiming to be adjusted EBITDA positive in the same period.
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3.47%
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SoundHound AI To Report 2023 Third Quarter Financial Results, Host Conference Call and Webcast on November 9

Rhea-AI Summary
SoundHound AI, Inc. to report 2023 Q3 financial results
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FAQ

What is the current stock price of SoundHound AI (SOUN)?

The current stock price of SoundHound AI (SOUN) is $21.755 as of December 20, 2024.

What is the market cap of SoundHound AI (SOUN)?

The market cap of SoundHound AI (SOUN) is approximately 6.7B.

What is SoundHound AI, Inc.?

SoundHound AI, Inc. is a company specializing in conversational intelligence, offering an independent Voice AI platform for businesses.

What does SoundHound AI's technology do?

SoundHound AI's technology provides advanced voice recognition that understands and responds to natural human speech, used in various applications.

In which industries does SoundHound AI operate?

SoundHound AI operates across multiple industries including automotive, telecommunications, consumer electronics, healthcare, and finance.

What are some recent achievements of SoundHound AI?

Recent achievements include expanding its platform to support multiple languages and forming partnerships with major companies in various sectors.

What are the current projects of SoundHound AI?

Current projects aim to improve voice recognition accuracy and explore new use cases in healthcare and finance for conversational AI.

How is SoundHound AI's financial condition?

The financial condition of SoundHound AI is strong, with steady revenue growth and continuous investment in research and development.

What makes SoundHound AI unique compared to its competitors?

SoundHound AI offers an independent Voice AI platform with advanced conversational intelligence, enabling businesses to deliver superior customer experiences.

Who are SoundHound AI's partners?

SoundHound AI has partnerships with major companies in the automotive, telecommunications, and consumer electronics industries.

How does SoundHound AI benefit businesses?

SoundHound AI helps businesses enhance customer interactions, improve operational efficiency, and create engaging conversational experiences.

Where can I find the latest news about SoundHound AI?

You can find the latest news and updates about SoundHound AI on financial news websites and the company's official website.

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SoundHound AI, Inc.

Nasdaq:SOUN

SOUN Rankings

#1083 Ranked by Market Cap
N/A Ranked by Dividends

SOUN Stock Data

6.68B
329.94M
2.2%
29.3%
23.36%
Software - Application
Services-prepackaged Software
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United States of America
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