Posted 3/9/2024, 7:46:42 PM
Nvidia Bets on SoundHound AI's Voice Assistant Growth
- Nvidia owns 1.7 million shares of SoundHound AI (SOUN), showing confidence in its AI potential
- SoundHound specializes in "conversational intelligence", providing voice AI for cars, TVs, customer service
- Recently launched voice assistant with ChatGPT functionality for cars, pioneering a niche AI market
- Revenue grew 80% year-over-year in Q4 2023 to $17.1M, narrowing losses
- Aims for over $100M revenue in 2025, rapid growth that makes SOUN an intriguing AI investment