Why SoundHound AI Stock Jumped by 18.7% This Week

Shares of conversational artificial intelligence (AI) company SoundHound AI (NASDAQ: SOUN) had jumped by 18.7% this week as of early Friday, according to data from S&P Global Market Intelligence, as investors reacted to two pieces of news.The first was SoundHound's announcement that it's partnering with Rekor Systems to bring a voice command and data-sharing system to emergency vehicles. The second came from President Trump, who revoked an executive order signed by former President Biden that had required companies developing artificial intelligence systems to conduct safety tests of their AIs and share the results with the U.S. government.The new partnership with Rekor will put SoundHound's conversational AI first into police vehicles, and then eventually into fire trucks and ambulances as well. The company said in a press release that officers will use SoundHound's voice commands to manage their vehicle's automatic license plate recognition (ALPR) system, two-way radios, PA systems, and other controls.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool