Topic: How To Invest

Q: Pat, can you give me your recommendation for SoundHound AI? It seems to have a good niche. Thanks.

Article Excerpt

A: SoundHound AI Inc., $5.02, symbol SOUN on Nasdaq (Shares outstanding: 326.0 million; Market cap: $1.8 billion; www.soundhound.com), makes speech-recognition products that use artificial intelligence, or AI. SoundHound was founded in 2005. It began trading on the Nasdaq exchange in April 2022 at $8.72 a share. Using its own technology, SoundHound offers voice AI services that let businesses bring conversational experiences with speed and accuracy to their customers. The company’s customers include those in the auto, customer service and television industries. SoundHound’s products include Smart Answering, Smart Ordering, and Dynamic Interaction, a real-time customer service interface. It also offers Chat AI, a voice assistant that makes conversations with human users possible. Rather than having to seek out third parties to help them, SoundHound’s customers are able to design their own speech-recognition products to fit their needs. For example, using SoundHound, businesses can get their voice products to say things like, “Turn off the air conditioner and lower the windows,” while a car owner is…