SoundHound AI, Inc. develops voice-enabled artificial intelligence (AI) and conversational intelligence technology solutions. Its products include Hound, a voice-enabled search engine that provides entertainment, information, and communication services; and SoundHound, a music search and discovery solution that identifies songs, plays music and lyrics, and allows users to share music and entertainment content. The company also provides Houndify, a solution that understands text and voice input; provides speech recognition and speech-to-meaning solutions, including natural language understanding solutions; understands complex and compound queries, and supports context and follow-up queries. The company is based in Santa Clara, California.
IPO Year:
Exchange: NASDAQ
Website: https://www.soundhound.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/11/2024 | $4.90 | Underweight → Neutral | Cantor Fitzgerald |
3/20/2024 | Overweight → Underweight | Cantor Fitzgerald | |
2/28/2024 | Outperform → Market Perform | Northland Capital | |
1/30/2024 | $4.00 | Buy | Ladenburg Thalmann |
9/27/2023 | $5.00 | Buy | DA Davidson |
9/5/2023 | $5.00 | Buy | H.C. Wainwright |
11/30/2022 | Neutral → Overweight | Cantor Fitzgerald |
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SoundHound AI Inc (NASDAQ:SOUN) shares are trading higher Thursday after rallying more than 22% on Tuesday after the company provided an update on its ChatGPT-integrated voice assistant. What To Know: SoundHound on Wednesday announced that its Chat AI voice assistant with integrated ChatGPT is now live and in production in Peugeot, Opel, and Vauxhall vehicle brands across 11 European markets including Austria, France, Germany, Italy, Spain and the United Kingdom. SoundHound expects to enter 17 total markets by the end of July. For certain previously released models, SoundHound Chat AI with integrated ChatGPT will be available on-demand and can be delivered over-the-air with no need to
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SoundHound AI Inc (NASDAQ:SOUN) shares are trading higher Wednesday after the company announced that its ChatGPT-integrated voice assistant is now live and in production in Peugeot, Opel and Vauxhall vehicle brands in Europe. What To Know: The SoundHound Chat AI voice assistant with integrated ChatGPT is now live and in production in Peugeot, Opel, and Vauxhall vehicle brands across 11 European markets including Austria, France, Germany, Italy, Spain and the United Kingdom. SoundHound said it expects to enter into 17 total markets by the end of July. For certain previously released models, SoundHound Chat AI with integrated ChatGPT will be available on-demand and can be delivered over
Cantor Fitzgerald upgraded SoundHound AI from Underweight to Neutral and set a new price target of $4.90
Cantor Fitzgerald downgraded SoundHound AI from Overweight to Underweight
Northland Capital downgraded SoundHound AI from Outperform to Market Perform
Ladenburg Thalmann initiated coverage of SoundHound AI with a rating of Buy and set a new price target of $4.00
DA Davidson initiated coverage of SoundHound AI with a rating of Buy and set a new price target of $5.00
H.C. Wainwright initiated coverage of SoundHound AI with a rating of Buy and set a new price target of $5.00
Cantor Fitzgerald upgraded SoundHound AI from Neutral to Overweight
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
The acquisition will ultimately enable consumers to use cutting-edge voice AI to order food from their vehicles, phones, and smart devices SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced the acquisition of key assets from Allset, an online ordering platform that connects restaurants and local customers. As part of the acquisition, Allset's team will be joining SoundHound, further strengthening the company's capabilities and commitment to innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240620384616/en/SoundHound AI Acquires Ordering Platform Allset to Fast-Track It
Voice AI from SoundHound understands natural human speech; Drives more orders and frees up employees SoundHound AI, Inc (NASDAQ:SOUN) ("SoundHound"), a global leader in voice artificial intelligence, today announced that it has integrated with Olo (NYSE:OLO), a leading restaurant SaaS provider, to make its technology available to any of the approximately 77,000 locations using Olo's solutions. Joining Olo's partner program, Olo Connect, now even more restaurants will be able to process voice orders placed at the drive thru, in-store kiosk, or over the phone with high speed and accuracy using artificial intelligence. This press release features multimedia. View the full release here: http
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced the appointment of PricewaterhouseCoopers LLP ("PwC") as the Company's independent registered public accounting firm, effective September 13, 2023. PwC replaces the Company's former auditor, Armanino LLP. The appointment of PwC was made by the Audit Committee of the Board of Directors of SoundHound AI, Inc. As a result of the new appointment, PwC will review the Company's third quarter ended September 30, 2023 and audit the Company's consolidated financial statements for the full year ended December 31, 2023. Please refer to the company's 8-K filings on August 4 and September 13 for mo
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In-vehicle voice assistant with integrated ChatGPT capabilities expands its presence across Stellantis brands SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced its SoundHound Chat AI voice assistant with integrated ChatGPT is now live and in production in Peugeot, Opel, and Vauxhall vehicle brands across 11 European markets including Austria, France, Germany, Italy, Spain, and the United Kingdom. By the end of July, the rollout will be extended to 17 markets in 12 different languages. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240710077406/en/SoundHound Chat AI Launches in
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 28, 2024 /PRNewswire/ -- With the advent of the artificial intelligence (AI) revolution, so too comes a major shift across multiple industries. In creative industries, AI is leading to new tools, but also job cuts. Billionaire Steve Cohen and his Point72 Ventures recently laid off its fintech team, in a pivot towards AI. Several investment firms are making this shift as well, including Capital Group, UBS, and SoftBank. Even Goldman Sachs has deployed its first Generative AI tool across the firm for code generation to its thousands of developers by the end of the month. However, another new wrinkle has arrived on
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced that all existing shares of series A preferred stock will automatically convert to class A common stock. In January 2023, the company raised preferred equity financing from a diverse set of financial and strategic investors. According to the terms of the series A preferred, SoundHound had the right to have all investors automatically convert their shares after the one-year anniversary of issuance if certain conditions were met. Driven by strong performance that overachieved the stock price condition for the automatic conversion, the majority of the preferred stock had already been voluntar
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
The acquisition will ultimately enable consumers to use cutting-edge voice AI to order food from their vehicles, phones, and smart devices SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced the acquisition of key assets from Allset, an online ordering platform that connects restaurants and local customers. As part of the acquisition, Allset's team will be joining SoundHound, further strengthening the company's capabilities and commitment to innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240620384616/en/SoundHound AI Acquires Ordering Platform Allset to Fast-Track It
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced that it reached an agreement with its lenders to prepay its outstanding $100 million debt in full. This agreement significantly reduces the early payment costs and enables SoundHound to save over $55 million of interest and fees that would have been due over the remaining duration of the loan. The transaction also frees up approximately $14 million of restricted cash. After paying off the existing debt, SoundHound has a cash balance of about $180 million and no outstanding debt, giving the company ample flexibility and a strong liquidity position. "With the massive opportunity to deliv
Company Raises Full Year Revenue Outlook SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today reported its financial results for the first quarter 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509392903/en/SoundHound AI Reports 73% Q1 Revenue Growth to $11.6 Million; First Quarter Closes With $226 Million in Cash (Graphic: Business Wire) "Our first quarter sets the tone for 2024 as another year of strong growth for SoundHound. Voice AI is fast becoming a must-have tool for customer service, and that's reflected in the demand we're seeing for subscriptions," said Keyvan Mohajer, C
Perplexity's capabilities added to SoundHound Chat AI will respond to questions conversationally with real-time knowledge from the web SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced that it has partnered with Perplexity, the conversational AI-powered answer engine. Together they will bring Perplexity's online LLM capabilities to SoundHound Chat AI – a best-in-class voice assistant that utilizes hundreds of real-time domains, as well as generative AI responses. The move will reinforce SoundHound's AI product as the most advanced voice assistant available on the market today. This press release features multimedia. View the full release
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced that it will report its 2024 first quarter financial results on Thursday, May 9, 2024 after market close. The company will host a conference call and webcast to review the results on the same day. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422037554/en/SoundHound AI To Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9 (Graphic: Business Wire) Conference Call and Webcast Information Keyvan Mohajer, Co-Founder and CEO, and Nitesh Sharan, CFO, will host the conference call at 2:00 p.m. P
SoundHound Chat AI in-vehicle voice assistant becomes first in Japan to integrate generative AI SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced that its voice assistant with integrated ChatGPT will be the first to go into vehicles in Japan. SoundHound Chat AI Automotive became the world's first in-vehicle voice assistant with integrated generative AI when it hit the market in April 2023. It will be available in Stellantis DS Automobiles in Japan starting this month. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240325825702/en/SoundHound AI announced that its voice assistan
Company Raises Full Year Revenue Outlook SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today reported its financial results for the first quarter 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509392903/en/SoundHound AI Reports 73% Q1 Revenue Growth to $11.6 Million; First Quarter Closes With $226 Million in Cash (Graphic: Business Wire) "Our first quarter sets the tone for 2024 as another year of strong growth for SoundHound. Voice AI is fast becoming a must-have tool for customer service, and that's reflected in the demand we're seeing for subscriptions," said Keyvan Mohajer, C
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced that it will report its 2024 first quarter financial results on Thursday, May 9, 2024 after market close. The company will host a conference call and webcast to review the results on the same day. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422037554/en/SoundHound AI To Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9 (Graphic: Business Wire) Conference Call and Webcast Information Keyvan Mohajer, Co-Founder and CEO, and Nitesh Sharan, CFO, will host the conference call at 2:00 p.m. P
Combined Cumulative Subscriptions & Bookings Backlog of $661 Million Represents a 2x increase Year-Over-Year SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today reported its financial results for the fourth quarter and full year 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240229968938/en/SoundHound AI Reports Record Quarter with 80% Q4 Revenue Growth to $17.1 Million; Adjusted EBITDA Improved by 80% Year-Over-Year in Q4 (Graphic: Business Wire) "This was a breakthrough year in which SoundHound rapidly integrated powerful new generative AI capabilities. Our real-world voice AI app
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced that it will report its 2023 fourth quarter and full year financial results on Thursday, February 29, 2024 after market close. The company will host a conference call and webcast to review the results on the same day. Conference Call and Webcast Information Keyvan Mohajer, Co-Founder and CEO, and Nitesh Sharan, CFO, will host the conference call at 2:00 p.m. PT / 5:00 p.m. ET. A live audio webcast will be available at investors.soundhound.com and a replay will be available at the same location. If you wish to receive company email notifications, please register at https://investors.sou
Merger will create a new AI market leader with over 10,000 restaurant locations and best-in-class voice AI solutions SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today announced a definitive merger agreement to acquire SYNQ3 Restaurant Solutions, a leading provider of voice AI and other technology solutions to the restaurant industry. The deal will make SoundHound the preeminent U.S. provider of voice AI for restaurants, significantly extending its market reach by an order of magnitude to over 10,000 signed locations and accelerating the deployment of leading-edge generative AI capabilities to the industry. SYNQ3 will add large brands spanning dri
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today reported its financial results for the third quarter of 2023. The financial data presented in this press release should be considered preliminary until the company files its 10-Q. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231109631031/en/SoundHound AI Reports Record Third Quarter, Revenue Increases to $13.3 Million, Adjusted EBITDA Improves 57% Year Over Year (Graphic: Business Wire) "Our third quarter was another milestone for revenue, and at the same time marked a significant ramping up of our business," said Keyvan Mohajer, CEO and
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, announced that it will report its 2023 third quarter financial results on Thursday, November 9, 2023 after market close. The company will host a conference call and webcast to review the results on the same day. Conference Call and Webcast Information Keyvan Mohajer, Co-Founder and CEO, and Nitesh Sharan, CFO, will host the conference call at 2:00 p.m. PT / 5:00 p.m. ET. A live audio webcast will be available at investors.soundhound.com and a replay will be available at the same location. If you wish to receive company email notifications, please register at https://investors.soundhound.com/ir-resourc
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence announced that it will report its 2023 second quarter financial results on Tuesday, August 8, 2023. The company will host a conference call and webcast at 5:30 p.m. ET to review the results on the same day. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230725784842/en/SoundHound AI To Report 2023 Second Quarter Financial Results, Host Conference Call and Webcast on August 8 (Graphic: Business Wire) As of June 30, 2023, the company had approximately $130 million of total cash. On July 24, 2023, the company filed a three year shelf registration st
Significantly Improves Cash Position and Operating Expenses; Reaffirms Full Year Guidance SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, today reported its financial results for the first quarter of 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230511005364/en/SoundHound AI Reports First Quarter Revenue Increase of 56% (Graphic: Business Wire) "The incredible surge in demand for conversational AI is giving SoundHound a unique advantage. As an established innovator with years of experience providing AI solutions to world class brands, we're fast becoming an obvious partner for busine
SoundHound AI, Inc. (NASDAQ:SOUN), a global leader in voice artificial intelligence, announced today that it will report its 2023 first quarter financial results on Thursday, May 11, 2023. The Company will host a conference call and webcast at 5:30 p.m. ET to review the results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230426005450/en/SoundHound AI To Report 2023 First Quarter Financial Results, Host Conference Call and Webcast on May 11 (Graphic: Business Wire) Conference Call and Webcast Information Keyvan Mohajer, Co-Founder and CEO, and Nitesh Sharan, CFO, will host the conference call. A live webcast will be availab