Is SoundHound AI a Buy?

Computerized voice control expert SoundHound AI (NASDAQ: SOUN) has been on a wild ride over the last couple of years. Is it still behaving like a meme stock, or is it time to start buying this promising artificial intelligence (AI) developer yet?This company has been around for decades. The SoundHound app started collecting audio data for AI analysis in 2006 under the name Midomi. The song-recognition engine evolved into a powerful voice recognition system over time, adding language analytics to create a generally useful "speech-to-meaning" tool.After adding a couple of global car companies to its client list, SoundHound broadened its horizons. The company changed its name to SoundHound AI and went public in the spring of 2022, by way of a special purpose acquisition company (SPAC) merger. The move added $90.7 million to SoundHound AI's balance sheet, preparing the company for a more intense customer search.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool