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.
SoundHound AI (NASDAQ: SOUN) announces a partnership with HARMAN International to integrate advanced voice AI into the automotive sector. This collaboration aims to enhance the in-vehicle user experience by utilizing SoundHound's Speech-to-Meaning® and Deep Meaning Understanding® technologies. These technologies enable real-time speech recognition, allowing drivers to interact with apps and devices hands-free. With over 90% of new vehicles projected to have voice assistants by 2028, this innovation targets the growing demand for improved vehicle technology.
SoundHound AI, Inc. (NASDAQ: SOUN) will announce its third quarter 2022 financial results on November 10, 2022, after market close. The results will be accessible through a live audio conference call and webcast at 2:30 p.m. PT / 5:30 p.m. ET. The earnings press release will be available on SoundHound’s Investor Relations website. Key executives including CEO Keyvan Mohajer and CFO Nitesh Sharan will host the call, providing insights into the company's performance and future outlook.
SoundHound AI, Inc. (NASDAQ: SOUN) has launched a suite of Edge and Cloud connectivity solutions aimed at enabling voice technology in various products. The offerings include EdgeLite, EdgeLite+Cloud, Edge, Edge+Cloud, and Cloud-Only solutions, catering to different processing capabilities and data privacy needs. These innovations are designed to improve response speed, accuracy, and flexibility for automakers and smart device manufacturers. The EdgeLite+Cloud solution will be available in Q3 2022, while other options are currently for sale.
SoundHound AI, Inc. (Nasdaq: SOUN) reported its Q2 2022 results, showing strong growth in several key metrics. Revenues were $6.2 million, up 43% from Q1 2022, although down from the same quarter last year. The cumulative bookings backlog grew 207% year-over-year, and monthly queries increased 3x since 2021. Operating loss was $28.93 million, with a net loss of $30.67 million. The company maintains a full-year revenue guidance of $27 million to $33 million, anticipating growth from increased sales and marketing efforts.
SoundHound AI, Inc. (Nasdaq: SOUN) announced it will release its second quarter 2022 financial results on August 11, 2022, after market close. A live audio conference call will follow at 2:30 p.m. PT / 5:30 p.m. ET featuring CEO Keyvan Mohajer and CFO Nitesh Sharan. Investors can access the call through the company’s Investor Relations website. SoundHound's AI platform supports major companies, enhancing conversational experiences across various industries.
SoundHound AI, Inc. (Nasdaq: SOUN) has announced the deployment of its advanced voice AI technology in Stellantis vehicles in Europe. This includes features like Edge+Cloud connectivity, multi-language capabilities, and custom wake words. For the first time, SoundHound's Speech-to-Meaning and Deep Meaning Understanding technologies will be integrated into a unified hybrid voice experience in cars. The technology enhances in-car navigation and controls, even without a cloud connection, catering to global markets with support for multiple languages.
DMI and SoundHound announced a partnership aimed at enhancing driver experiences by integrating SoundHound's voice AI technology with DMI's Edge-to-Cloud solutions at Reuters Events Automotive Europe 2022. This collaboration will provide an out-of-the-box voice recognition solution for vehicles, allowing users to perform tasks like local searches and navigation through natural conversation. DMI has over 20 years of experience in the connected automotive ecosystem, while SoundHound aims to connect its technology with various auto manufacturers, unlocking new revenue opportunities.
SoundHound AI, Inc. (NASDAQ: SOUN) has introduced a groundbreaking voice ordering automation service for restaurants. In collaboration with Square, the new technology addresses labor shortages and enhances sales by automating phone orders. This seamless integration allows SoundHound’s AI to manage customer calls and orders through Square’s POS systems, ensuring efficient service even during peak hours. The service will be showcased at the National Restaurant Show from May 21-24, 2022, with free subscription fees offered to early sign-ups until June 30, 2022.
SoundHound AI, Inc. (NASDAQ: SOUN) announced a 7-year partnership with Hyundai to incorporate its Edge+Cloud voice AI technology into various vehicle models globally. This collaboration aims to enhance in-car voice experiences across multiple languages, featuring music recognition and voice commerce capabilities. The announcement coincides with SoundHound's Q1 2022 earnings, which reported $230 million in cumulative bookings, underscoring its business momentum. The partnership is expected to drive further growth in bookings and expand the use of voice AI in Hyundai vehicles.
SoundHound AI, Inc. (Nasdaq: SOUN) reported Q1 2022 revenues of $4.3 million, a 15% increase year-over-year, driven by a 90% growth in user queries. The company boasts $230 million in cumulative bookings, up 134% from the previous year. Operational losses expanded to $20.7 million, with total expenses rising by 23%. Following its business combination with Archimedes, SoundHound expects 2022 revenues between $27 million to $33 million, attributing growth acceleration to sales and marketing efforts.
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