AI Darling SoundHound Wipes Out Entire Debt Early In Surprise Move For Investors
The artificial intelligence company saved themselves millions by paying off a huge debt well in advance
Artificial Intelligence (AI) has been increasingly tickling the fancy of investors in recent times. With this technology infiltrating every corner of everyday life, trying to identify the future pillars of the industry has become a popular guessing game. One of the recent AI darlings has been SoundHound (SOUN), which has seen huge price fluctuations amid news that portends well for their future.
According to their website, SoundHound offers the following services:
“SoundHound’s independent voice AI platform connects people to brands through customized conversational experiences that voice-enable products, services, and apps while giving companies access to their valuable data and analytics for greater control and brand ownership of the customer experience.”
In the early weeks of 2024, Soundhound stock was under $2.00 per share. However, in mid-February moved upward dramatically, reaching a high of $10.25 in March. Investors loved learning that powerhouse Nvidia is not only invested in the company, but also has a working relationship. SOUN has retraced since then…
