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Global AI Deploys Enterprise Agentic AI Platform with Major European Insurer
Globenewswire· 2026-03-26 13:36
Enterprise Deployment in Regulated Market Validates Platform Execution and Supports Expansion Opportunity Across Multiple Markets New York, March 26, 2026 (GLOBE NEWSWIRE) -- Global AI Inc. (OTC: GLAI), a leader in enterprise artificial intelligence (AI), agentic products and solutions, today announced the enterprise deployment of an agentic automated invoice processing solution for a leading European insurance group, representing a live, production implementation within a highly regulated financial environ ...
SoundHound's Enterprise AI Momentum: A Major Revenue Engine?
ZACKS· 2026-03-23 14:05
Key Takeaways SOUN's enterprise segment drives growth, with 2025 revenues jumping nearly 100% to $168.9 million.SOUN closed above 100 Q4 deals, with AI reducing costs and boosting automation across industries.SOUN's outcome-based pricing and broad vertical reach support scalable, recurring revenue growth.SoundHound AI's (SOUN) enterprise segment is rapidly emerging as a core growth engine, supported by strong adoption across industries and expanding use cases. The company delivered nearly 100% revenue growt ...
UK's Frasers becomes top investor in ASOS
Reuters· 2026-03-23 12:58
UK's Frasers becomes top investor in ASOS | Reuters DoorDash rolls out emergency relief program as surging pump prices hit gig workers Businesscategory· March 23, 2026 · 1:07 PM UTC · ago Food delivery company DoorDash said on Monday it is launching an emergency relief program to help U.S. gig workers offset rising fuel costs. Sign up here. Reporting by Raechel Thankam Job in Bengaluru; Editing by Devika Syamnath Our Standards: The Thomson Reuters Trust Principles., opens new tab Purchase Licensing Rights B ...
Here's Why You Should Retain Equifax Stock in Your Portfolio for Now
ZACKS· 2026-03-19 16:31
Key Takeaways EFX sees sustained growth, with Q1 2026 earnings expected to rise 11.1% year over year.EFX leverages USIS datasets and EWS expansion, tapping a $5B market with new 2025 partnerships.EFX advances AI via Agentic platform and Ignite Advisor, though its liquidity remains below industry levels.Equifax (EFX) is benefiting from sustained revenue growth momentum across its diverse offerings. Its new acquisitions and AI innovations in analytical tools and solutions, product innovation and operational e ...
Tech stocks today: Big Tech stocks sell off, Anthropic considers IPO as soon as Q4
Yahoo Finance· 2026-03-13 14:42
Tech stocks continued to be pressured on Friday after a sell-off in social media stocks and chip stocks sent the tech-heavy Nasdaq Composite (^IXIC) index into a correction. On Wednesday, a Los Angeles jury found Alphabet's (GOOG, GOOGL) YouTube and Meta (META) liable for harm done to a young user. The jurors ordered the companies to pay the lead plaintiff $3 million in compensatory damages in the first-of-its-kind case. Meanwhile, investors continue to evaluate Nvidia's AI offerings after the company unvei ...
Tech stocks today: Alphabet's Wing expands drone deliveries
Yahoo Finance· 2026-03-13 14:42
Tech stocks rose on Monday as part of a broader market rally after President Trump announced the US would halt strikes on Iran’s power infrastructure for five days. Supermicro (SMCI) stock pushed higher after shedding over 30% of its market value on Friday, following a US indictment of three employees tied to the server maker, including its co-founder. The US charged the three people with diverting $2.5 billion worth of servers containing Nvidia (NVDA) chips to China, in violation of US export laws. Mea ...
Can SoundHound's Agentic AI Platform Power the Next Phase of Growth?
ZACKS· 2026-03-13 13:31
Core Insights - SoundHound AI, Inc. is advancing its artificial intelligence strategy by enhancing its Agentic AI platform, which is designed to facilitate conversational AI across various enterprise and consumer environments [2][10] - The platform allows enterprises to create AI agents that can be deployed across multiple interfaces, including call centers, vehicles, and digital applications, supporting a wide range of operational environments [3][10] - The company has secured over 100 customer deals in Q4 across diverse sectors such as automotive, telecommunications, financial services, healthcare, retail, and education [4][10] Operational Performance - SoundHound's technology is experiencing increased usage, processing billions of queries monthly, with a 75% year-over-year increase in automotive cloud-based query activity in Q4 [5][10] - In the restaurant sector, the company's voice AI systems handled over 9 million calls during the same period, indicating strong adoption of automated ordering and customer interaction capabilities [5][10] Strategic Focus - Management plans to continue investing in innovation, particularly in the development of Agentic AI capabilities and conversational AI technologies, expanding their applications across various industries [6][10] - The strategy emphasizes conversational and voice-driven interactions, differentiating SoundHound's approach from competitors like C3.ai and Cadence Design Systems, which focus on enterprise workflows and engineering design tools, respectively [11][10] Market Position - SoundHound's stock has declined by 15.9% over the past year, which is less than the industry's decline of 20.6% [12] - The company trades at a forward price-to-sales (P/S) multiple of 12.99, which is below the industry average of 13.34 [13] - Earnings estimates for 2026 and 2027 suggest a year-over-year increase of 30.8% and 62.2%, respectively, although loss estimates for 2026 have widened recently [15]
H2O.ai Partners with xAmplify, Australia's Leading Sovereign AI Integrator, to Drive ANZ Expansion
Businesswire· 2026-03-13 02:29
Core Insights - H2O.ai partners with xAmplify to enhance AI integration for government and enterprise organizations [1] - The collaboration aims to combine H2O.ai's Agentic AI platform with xAmplify's expertise in secure and explainable AI solutions [1] - The partnership focuses on bridging the gap between AI pilots and measurable outcomes in highly regulated sectors [1]
SOUN Posts In-Line Earnings, Strong Revenue Growth in Q4, Stock Up
ZACKS· 2026-02-27 15:42
Core Insights - SoundHound AI, Inc. (SOUN) reported fourth-quarter 2025 results with earnings meeting expectations and revenues exceeding estimates, indicating strong performance in the AI sector [1][2]. Financial Performance - Fourth-quarter revenues reached $55.1 million, reflecting a 59% year-over-year increase and surpassing the Zacks Consensus Estimate of $54 million, driven by growth across various sectors including Enterprise AI, Automotive, Restaurants, and Financial Services [3][10]. - The company reported a non-GAAP net loss of 2 cents per share, consistent with consensus estimates, compared to an adjusted loss of 5 cents per share in the prior year [4]. - GAAP net profit was $40.1 million, a significant improvement from a net loss of $258.6 million in the same quarter last year [4]. Margins and Profitability - GAAP gross margin improved to 47.9% from 39.9% year-over-year, while non-GAAP gross margin increased to 60.5% from 52.1%, driven by enhanced operating efficiency and cost control measures [5]. - Adjusted EBITDA loss narrowed to $7.4 million from $16.8 million a year ago, highlighting effective cost management during operational scaling [6]. Business Highlights - The fourth quarter showcased broad-based momentum, particularly in the automotive sector with new global OEM partnerships and multi-year renewals from major U.S. automakers [7]. - Expansion in voice commerce and new deployments in restaurants and retail sectors contributed to the growth, alongside new enterprise customers in healthcare, financial services, and telecom [8]. Balance Sheet and Liquidity - SoundHound ended the quarter with $248 million in cash and equivalents and no long-term debt, providing a strong financial position for future investments [11]. Guidance and Outlook - For 2026, the company anticipates revenues between $225 million and $260 million, supported by a robust deal pipeline and increasing enterprise AI adoption [10][12]. - Management expects revenue growth to accelerate throughout the year due to deal timing and seasonality, with a focus on innovation and cost discipline [13].
SoundHound AI Stuns With 80% EPS Beat and Voice AI Expansion Keeps Accelerating
247Wallst· 2026-02-27 14:56
Core Insights - SoundHound AI reported a non-GAAP EPS loss of $0.02, beating estimates by 80% and marking its smallest quarterly loss to date [1] - The company achieved full-year 2024 revenue of $84.7 million, reflecting an 85% year-over-year growth [1] - SoundHound raised its 2025 revenue guidance to a range of $165 million to $180 million, despite remaining unprofitable with a price-to-sales ratio exceeding 25x [1] Financial Performance - The non-GAAP EPS loss of $0.02 was significantly better than the estimated loss of $0.09, resulting in a 79.65% positive surprise [1] - The loss per share improved from -$0.05 in Q4 2024, indicating a trend towards breakeven [1] - Full-year 2024 revenue of $84.7 million was up approximately 85% year-over-year, with trailing twelve-month revenue through Q3 at $148.4 million [1] Management Outlook - CEO Keyvan Mohajer maintains a bullish outlook, emphasizing expansion in restaurants, automotive, and IoT sectors [1] - Analysts remain positive, with a consensus target price of $16.31, supported by seven Buy ratings against two Holds and no Sells [1] - For 2026, SoundHound projects revenue between $225 million and $260 million, driven by the adoption of its Agentic AI platform [1] Market Reaction - Following the earnings report, SoundHound's shares traded around $9, reflecting a nearly 15% increase over the past week [1] - The stock is currently trading below its 52-week high of $22.17 and its 200-day moving average of $12.35, indicating potential upside if execution remains strong [1]