SoundHound AI, Inc. (NASDAQ: SOUN) is witnessing a notable surge in its stock performance on the US market today, marking a 10.36% increase to $5.24 as of the latest observation in the current-market session. This uptick comes on the heels of significant collaboration news that surfaced yesterday.
Partnership With Advanced AI Engine
The collaboration entails SoundHound (SOUN) joining forces with Perplexity, a conversational AI-driven answer engine. Together, they aim to integrate Perplexity’s online LLM capabilities into SoundHound Chat AI – a premier voice assistant boasting a wide array of real-time domains and employing generative AI responses.
This strategic move underscores SoundHound’s position as a frontrunner in the realm of AI products, particularly voice assistants. The integration of Perplexity is poised to enhance SoundHound Chat AI’s capacity to furnish precise and up-to-date responses to web-based inquiries, thereby broadening the spectrum of questions the assistant can adeptly address.
Technological Evolution And Market Leadership
SoundHound’s voice AI solutions are the product of nearly two decades of expertise in AI, speech recognition, and natural language processing. The company’s proprietary technology sets the benchmark for swiftness and precision in its category, enabling users to interact naturally and access a vast reservoir of real-time knowledge domains (such as flight schedules, sports updates, music recommendations, and restaurant searches), generative AI responses sourced from multiple LLMs, and now, the remarkable web-search results powered by Perplexity.
Notably, SoundHound Chat AI made history as the world’s first voice assistant to incorporate generative AI capabilities, and it also holds the distinction of being the first to enter production for automotive applications. Currently deployed in over 12 countries across 18 languages in collaboration with automotive partner Stellantis, the assistant incorporates a specially developed arbitration technology that intelligently selects the most suitable response, thereby mitigating potential “AI hallucinations.”
The Integration Redefines SoundHound’s Potential
The integration of Perplexity’s search capabilities into SoundHound Chat AI sets a new standard for voice assistants and their ability to seamlessly handle a diverse range of inquiries. Observations where this technology is already integrated into vehicles indicate a significant shift in usage patterns, with usage metrics experiencing considerable increases. SoundHound is confident that this enhancement will further elevate user satisfaction as more individuals opt for voice-based interactions over traditional typing methods.
