SoundHound AI (NASDAQ:SOUN) stock is in the news Thursday after the artificial intelligence (AI) voice solutions company announced a new partnership with Perplexity.
The collaboration between these two companies will bring Perplexity’s large language model (LLM) capabilities to SoundHound Chat AI. The company notes that this combination will create one of the most advanced voice assistants on the market.
Mike Zagorsek, Chief Operations Officer at SoundHound AI, said this about the team up with Perplexity:
“By integrating Perplexity search capabilities into SoundHound Chat AI we’re raising the bar for voice assistants and the kinds of queries they can handle effortlessly […] Where this technology is already deployed in vehicles, we’re seeing usage habits shift substantially – increasing by multiples. We’re confident that this enhancement will further delight users as more and more people choose to talk rather than type.”
SOUN Stock Market Movement on Thursday
Despite the collaboration announcement between SoundHound AI and Perplexity, shares of SOUN stock aren’t seeing much activity today. As of this writing, only about 12 million shares have been traded. That’s well below its daily average trading volume of about 68.8 million shares.
SOUN stock is down slightly as of Thursday afternoon. However, the shares are up 131.1% since the start of the year.
Investors can find more of the most recent stock market stories below!
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
