SoundHound AI SOUN is increasingly positioning itself as a real contender in the automotive AI space, traditionally dominated by tech giants. In the first quarter of 2025, the company reported revenue of $29.1 million, up 151% year over year, driven by rapid expansion in its restaurant and automotive voice AI solutions.
SoundHound AI (NASDAQ:SOUN), a voice AI platform empowering businesses with conversational AI experiences, has recently experienced a significant stock decline, plummeting over 50% year-to-date to $10. A substantial portion of this drop occurred in January, largely due to disappointed investor expectations following the Consumer Electronics Show (CES).
The technology sector has been one of the points of largest interest in the United States stock market, though not all stocks are created equal in that space. Some have taken off to unrecognizable levels due to sheer popularity and the explosive growth (and adoption) in the world of artificial intelligence.
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Software - Application Industry | Technology Sector | Dr. Keyvan Mohajer CEO | NASDAQ (NMS) Exchange | 836100107 Cusip |
US Country | 842 Employees | - Last Dividend | - Last Split | 28 Apr 2022 IPO Date |
SoundHound AI, Inc. is at the forefront of delivering independent voice artificial intelligence (AI) solutions, designed to empower businesses across a wide range of industries including automotive, TV, IoT, and customer service. With the objective to provide high-quality conversational experiences, SoundHound AI integrates innovative technologies into its offerings. Established in 2005, the company operates from its headquarters in Santa Clara, California, underpinning its commitment to revolutionizing the way businesses engage with their customers through conversational AI.
APIs for processing text and voice queries, customization capabilities for commands, a rich library of content domains, inclusive SDK platforms for development, collaboration tools, diagnostic solutions, and built-in analytics for tracking performance.
This system simplifies access to real-time information by pulling data from multiple sources, thereby enhancing user experience.
It is built to assist businesses in delivering superior customer service through intelligent voice interaction.
This advanced software is key in enabling seamless integration and interaction between various content domains.
It acts as a mediator to prioritize and deliver the most relevant information to the user.
This feature supports dynamic user interactions across different platforms and modalities.
This technology simplifies the ordering process, making it more accessible and efficient for users.
It provides employees with a tool to streamline their tasks and access information quickly through voice commands.
These technologies form the backbone of SoundHound AI's solutions, ensuring accurate voice recognition, context understanding, seamless wake word activation, tailored domain responses, naturalistic voice responses, and integrated voice functionalities within devices.