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Is SoundHound AI a Strong Buy After the Massive 58% Pullback?
The days of ordering from a human at drive-thrus and by phone are numbered. The rise of artificial intelligence (AI), particularly the emergence of conversational intelligence, combined with businesses' desire for efficiency and cost savings, makes the transition from human to automated processes inevitable. Thanks to AI, machines can "understand" human speech in real time.The change is also being introduced in automobiles. Where previously the vehicle could process "Call John Smith," new AI-powered assistants can process complex sentences like "Find a restaurant within five miles of my route that has excellent reviews and serves cheeseburgers." The difference is night and day. Finally, there is tremendous demand for AI-powered agents in call centers. Imagine not being put on hold, but having your issue resolved quickly with the help of AI. This isn't science fiction anymore; it's science reality.SoundHound AI (NASDAQ: SOUN) is one of the leading software companies making conversational intelligence a reality, and the addressable market is massive, estimated at $140 billion, according to the company.Continue reading
The days of ordering from a human at drive-thrus and by phone are numbered. The rise of artificial intelligence (AI), particularly the emergence of conversational intelligence, combined with businesses' desire for efficiency and cost savings, makes the transition from human to automated processes inevitable. Thanks to AI, machines can "understand" human speech in real time.
The change is also being introduced in automobiles. Where previously the vehicle could process "Call John Smith," new AI-powered assistants can process complex sentences like "Find a restaurant within five miles of my route that has excellent reviews and serves cheeseburgers." The difference is night and day. Finally, there is tremendous demand for AI-powered agents in call centers. Imagine not being put on hold, but having your issue resolved quickly with the help of AI. This isn't science fiction anymore; it's science reality.
SoundHound AI (NASDAQ: SOUN) is one of the leading software companies making conversational intelligence a reality, and the addressable market is massive, estimated at $140 billion, according to the company.
