EXCLUSIVE: 'Restaurants Are To SoundHound AI What Books Were To Amazon,' CEO Tells Benzinga
Portfolio Pulse from Surbhi Jain
SoundHound AI Inc. (NASDAQ:SOUN) is expanding its AI technology across multiple sectors, including automotive and hospitality. The company has launched its Chat AI voice assistant with six major European automotive brands and has a significant partnership with Stellantis NV (NYSE:STLA). SoundHound AI is also making strides in the restaurant industry, with over 10,000 locations using its technology. The company aims to tap into a $100 billion TAM in North America with its multi-industry approach and three-pillar revenue strategy.
July 31, 2024 | 7:21 pm
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SoundHound AI is expanding its AI technology across automotive and hospitality sectors, with significant partnerships and a $100 billion TAM in North America.
SoundHound AI's expansion into multiple sectors and significant partnerships, such as with Stellantis, indicate strong growth potential. The company's focus on a $100 billion TAM in North America further underscores its ambitious plans.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
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Stellantis NV is a key partner for SoundHound AI, integrating its in-vehicle voice assistant across millions of vehicles globally.
Stellantis' partnership with SoundHound AI to integrate voice assistants in its vehicles highlights the company's commitment to innovative technology, which could enhance its market position.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50