I was curious past 3 months why this stock was highly volatile. Then found following key points . If these points was achievable by soundhound it is destined for 20$ for sure.
1. Key Patents:SoundHound AI, Incs innovative approach in voice recognition and conversational intelligence is likely protected by a portfolio of patents close to 110+, crucial for maintaining a competitive edge in the AI industry.
2. Sales:In 2023, SoundHound AI's revenue was $45.87 million, showing a significant increase of 47.36% compared to the previous year. This growth indicates robust sales performance and increasing market adoption of their AI voice solutions .
3. Future Growth:SoundHound AI is projected to continue its growth trajectory, with revenue forecasts for 2024 at $70.88 million and for 2025 at $104.82 million. This suggests a strong belief in the company's expansion and scaling of its AI products and services.
4. Latest News on SoundHound : Recently, SoundHound AI announced its voice assistant with integrated ChatGPT, launching in Stellantis DS Automobiles. Additionally, they've been working with NVIDIA to offer on-chip voice AI that delivers in-vehicle generative AI responses without needing connectivity.
#soundhound #progress #bullisforlongterm
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- Jack Ong·2024-03-28TOPtarget 6.80 tonight.1Report
- snugglo·2024-03-28The key patents, sales growth, and future projections are all very impressive.LikeReport
- Chungllq·2024-03-28Wah, this content on $SoundHound AI Inc(SOUN)$ is really impressive sia!LikeReport