SoundHound - How is it still alive?
The AI stock intrigue is elevated for this micro cap in early 2024. $SOUN
Hey Everyone,
Today I wanted to talk about one of the more intriguing AI penny stocks of the last week.
SoundHound AI SOUN 0.00%↑ is up 67% in the past five days, or 83 percent YTD, so what gives?
SoundHound has been at this a long time, I nearly got a gig with them when I was doing content marketing. SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers.
Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions SoundHound AI, Inc. was founded in 2005 and is headquartered in Santa Clara, California.
The problem is in an era of Generative AI and startups like ElevenLabs they are much less unique then they used to be.
In January, 2023 the company laid of nearly half of their remaining staff. They have a market cap now of $977 million. They went public via a SPAC, and you know how that usually turns out. But recently it’s come out that Nvidia has a stake in them, leading to the massive and predictable rally.
Keep reading with a 7-day free trial
Subscribe to Emerging Tech Investments to keep reading this post and get 7 days of free access to the full post archives.