![]() With over $300M in cumulative bookings backlog, SoundHound is entering the year on a positive revenue trajectory, with a strong base of global customers shipping products using our industry-leading voice AI technology.” And it’s projecting profitability this year. According to Keyvan Mohajer, CEO and Co-founder: “We are reducing costs while prioritizing our highest sources of revenue growth. That’s because SoundHound AI expects 90% of new cars to have voice assistants.Įven better, SoundHound has an impressive list of customers, including Qualcomm (NASDAQ: QCOM), Kia, Mercedes-Benz (OTCMKTS: DMLRY), Honda (NYSE: HMC), Netflix, Pandora (OTCMKTS: PANDY), Vizio (NYSE: VZIO), Motorola (NYSE: MSI), MasterCard (NYSE: MA), Square (NYSE: SQ), and many more. So far, SOUN is working with major automakers, integrating voice assistants into vehicles, which could be substantial. It could also be a big winner with a potential $1.8 trillion artificial intelligence boom. One of the hottest stocks to buy under $10 is SoundHound (NASDAQ: SOUN), which is developing conversational AI technology.
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