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SoundHound (SOUN) Stock Surges After Innovative Announcements

Stocks Telegraph ·  Mar 19 07:59

In the realm of after-market trading on Monday, the shares of SoundHound AI, Inc. (NASDAQ: SOUN) exhibited a notable surge, ascending by 7.28% to reach $8.84. This upswing offset the decline of 7.52% witnessed during the regular trading session, culminating at $8.24. The stability observed in SOUN stock ensued subsequent to the revelation of a novel generative AI offering.

SoundHound (SOUN) disclosed an inventive in-vehicle voice assistant leveraging a substantial language model (LLM) deployed entirely at the edge, operating on the NVIDIA DRIVE platform. This heralds a new era for generative AI, underscoring its capability to yield optimal outcomes even in the absence of cloud connectivity.

Collaborating with NVIDIA, SoundHound endeavors to significantly broaden the spectrum of scenarios wherein generative AI can be deployed. The integration with NVIDIA DRIVE will empower SoundHound Chat AI – a pioneering in-vehicle voice platform amalgamating real-time and generative AI functionalities – to furnish responses seamlessly, even in scenarios devoid of connectivity.

Among an array of applications, this innovative solution will enable drivers to access SoundHound Vehicle Intelligence, a feature swiftly delivering information directly from the car manual and other pertinent data sources through natural speech. Vehicle Intelligence comprehends verbal requests and furnishes responses seamlessly, encompassing settings, safety protocols, troubleshooting, and vehicle maintenance, eliminating the necessity for cumbersome physical documents.

This cutting-edge technology presents profound opportunities for automakers endeavoring to endow drivers with swift, voice-enabled access to LLM capabilities, bolstered by enhanced privacy, flexibility, and reduced operational costs. In collaboration with NVIDIA, SOUN merges the formidable capabilities of generative AI with the myriad advantages of edge computing, culminating in a prompt and private voice experience delivering seamless outcomes.

With this newfound adaptability, the realm of possibilities expands boundlessly. NVIDIA, in its pursuit of innovation, collaborates with visionary partners like SoundHound to usher generative AI and accelerated compute into automobiles, enhancing the occupant experience and fostering greater safety on the road.

Empowered by NVIDIA DRIVE, SoundHound's in-vehicle voice interface delivers rapid and precise information to drivers, even in scenarios devoid of connectivity. SoundHound AI offers an array of on-device edge voice solutions, empowering automakers to provide end-users with elevated levels of privacy by maintaining data storage locally.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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