Reported about 1 year ago
McDonald's recently announced the discontinuation of their AI-powered voice ordering technology, opting to replace it with an alternative solution by the end of the year. This decision impacts SoundHound AI (NASDAQ: SOUN), a company with voice AI technology gaining relevance in the restaurant industry. As a potential candidate to replace IBM as McDonald's voice AI partner, SoundHound has already secured deals with various quick-service restaurant chains and fintech companies. While Google Cloud and other AI providers are also contenders, SoundHound stands to benefit if chosen, potentially boosting its stock value. Despite its growth potential and revenue growth, investing in SoundHound remains speculative given its valuation and growth stage.
Source: YAHOO