‘The world is moving toward AI' says SoundHound AI co-founder and CEO

Core Insights - The article discusses Soundhound's advancements in Agentic AI technology, particularly its applications in in-vehicle commerce platforms, showcasing the company's growth and partnerships in the consumer tech space [1][3][12] Company Overview - Soundhound is expanding its use of Agentic AI technology across various sectors, including food ordering, restaurant reservations, and more, allowing users to interact with services via voice commands while driving [1][2][4] - The company has established partnerships with major platforms like Open Table, which includes 60,000 restaurants, enhancing its service offerings [5][6] Technology and Innovation - Soundhound's technology enables users to find and reserve parking, book restaurant tables, and purchase tickets for flights, concerts, and movies using voice commands [4][5][8] - The company claims to have superior technology compared to competitors, achieving 35%-40% better accuracy and four times lower latency, while also operating at a lower cost [11] Market Performance - In 2024, Soundhound's stock experienced significant volatility, with an increase of over 835% the previous year, followed by a decline of about 44% in the current year [13][14] - Despite the stock's fluctuations, the company emphasizes its long-term growth potential, citing a tenfold increase in revenue over the past two to three years and a strong position as a leading AI customer service provider [14]