Reported about 19 hours ago
Nvidia's substantial investment in SoundHound AI, amounting to $3.7 million, significantly boosted the firm's valuation by 165% following their partnership announcement. As Nvidia provides critical components for AI technology, including their popular GPUs, this collaboration enhances SoundHound's innovative voice recognition capabilities. Despite its promising growth trajectory, SoundHound's stock is seen as overvalued amidst fierce competition in the AI sector, leading to a cautious outlook for future investors.
Source: YAHOO