Tech Giants Bet on Voice AI Startup SoundHound as Market Set to Boom
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Major tech companies like Apple, Microsoft, Amazon, Alphabet, and Nvidia have invested in voice recognition software and AI assistants.
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The market for voice recognition technology is expected to reach $50 billion by 2030, presenting a big opportunity.
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Semiconductor company Nvidia recently took a stake in voice recognition software developer SoundHound AI.
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SoundHound AI stock price surged 347% in February following the Nvidia investment news.
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SoundHound AI has strong growth potential in the voice-powered AI market, which is still in early stages, making it a stock to watch.