In the upsurge of the AI industry, as a participant in the fields of speech recognition and conversational AI, SoundHound may benefit from the market's optimistic sentiment towards generative AI (such as ChatGPT), although its technical path differs from that of companies like OpenAI.
In terms of revenue growth expectations, SoundHound generated approximately $45 million in revenue in 2023 (a year-on-year increase of 47%), and the market may expect it to maintain rapid growth in the coming years (such as a compound annual growth rate of 30%-50%).
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