Reported 8 months ago
SoundHound AI, known for its audio and speech recognition services, faced challenges post-merger with a SPAC in 2022, falling short of revenue targets in 2023. Despite this, it has shown growth in gross margins and narrowed losses. With its recent acquisition of SYNQ3 and partnerships with companies like Nvidia, SoundHound aims for revenue growth and positive adjusted EBITDA by 2025. Competing in the voice-recognition market against tech giants, SoundHound's success in capturing market growth could lead to significant revenue and potential stock value growth by 2050, though achieving a trillion-dollar valuation is uncertain.
Source: YAHOO