SoundHound AI (SOUN) which provides voice control and audio analytics software to automakers, drive-through restaurants, and other businesses with phone-based menu systems.
It also counts Nvidia as one of its biggest shareholders.
In addition, the company’s in-vehicle voice assistant with integrated ChatGPT is now live and in production across all Stellantis vehicles in 11 European markets. By the end of July, the launch will be extended to 17 markets and in 12 different languages.
Three, even more exciting, the market for voice-recognition technology could reach nearly $60 billion by 2030, as noted by Verified Market Research.
In addition, according to analysts at Wedbush, the revenue guidance raise says SoundHound is ‘well-positioned’ to capitalize on the demand for AI chatbots as it partners with various companies, including restaurants,” as quoted by Seeking Alpha.