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SANTA CLARA, Calif. - SoundHound AI, Inc. (NASDAQ: SOUN), a rapidly growing AI company with 84.6% year-over-year revenue growth, has announced a partnership with Tencent Intelligent Mobility to integrate its voice and conversational AI into Tencent’s cloud-based automotive solutions. According to InvestingPro data, the company’s stock has shown remarkable performance, delivering a 98.4% return over the past year despite recent volatility. The collaboration aims to enhance the in-vehicle experience by providing drivers and passengers with hands-free access to various applications, entertainment, and car controls.
Tencent Intelligent Mobility plans to incorporate SoundHound’s Chat AI Automotive, which is being touted as the market’s most advanced in-vehicle voice assistant. This technology is designed to allow natural speech interaction with a wide range of apps and services, including audiovisual streaming and LLM-powered generative AI responses. SoundHound’s conversational voice intelligence can handle complex questions and filter responses to provide relevant information on topics such as navigation, sports scores, and local recommendations.
Tom Park, Vice President of Business Development, Asia at SoundHound AI, expressed enthusiasm about the partnership and its potential to revolutionize the interaction between drivers, passengers, and their vehicles. Dr. Pei Shen, General Manager of Strategy at Tencent Intelligent Mobility, echoed this sentiment, highlighting the goal of creating a safe and intuitive infotainment platform.
The collaboration underscores both companies’ commitment to delivering localized voice AI solutions to the global automotive market. SoundHound currently provides services in over 25 languages to various automakers worldwide. With a market capitalization of $2.99 billion and a strong current ratio of 3.77, InvestingPro analysis reveals the company maintains solid liquidity positions. Discover 12 additional exclusive ProTips and comprehensive financial analysis in the Pro Research Report.
SoundHound will be present at the 2025 TIME DAY, Tencent Intelligent Mobility Ecosystem Day, on April 22, 2025. Tom Park is scheduled to participate in a panel discussion about building local ecosystems for global growth and will also deliver a keynote on the role of voice AI in enhancing mobility services at a forum co-hosted by CCPIT Shanghai and Tencent Cloud on April 23.
This news is based on a press release statement from SoundHound AI, Inc. Investors should note that SoundHound’s next earnings report is scheduled for May 8, 2025. For detailed financial insights and expert analysis on SoundHound and 1,400+ other stocks, consider accessing the full range of tools and research available on InvestingPro.
In other recent news, SoundHound AI has announced a significant partnership with NVIDIA to enhance its voice AI solutions. This collaboration aims to improve performance across various sectors, notably in the automotive industry, by integrating NVIDIA AI Enterprise software. Meanwhile, SoundHound AI has delayed filing its Form 10-K due to the complexity of accounting for recent acquisitions of Synq3, Inc. and Amelia Holdings, Inc., highlighting ongoing material weaknesses in its financial reporting processes. Despite these challenges, the company released its financial results for 2024, showing strong revenue growth that has led to upward revisions in its 2025 revenue guidance.
H.C. Wainwright has maintained a Buy rating on SoundHound AI, with a price target of $26, citing the company’s impressive sales momentum across diverse industries. DA Davidson also raised its price target to $13, acknowledging SoundHound’s expansion into new sectors and its successful acquisition strategy. Analysts from both firms express confidence in SoundHound’s ability to maintain a strong growth trajectory and capitalize on the increasing demand for AI solutions. As SoundHound continues to navigate its financial challenges, these developments reflect its ongoing efforts to enhance its market presence.
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