SoundHound AI Inc (SOUN)

[Digra Ive]

Are they serious? According to what was published today, insiders sold less then 0.01% shares aka less then 100K shares.

[Here Today]

Oh wait, I can answer that one…. No they won’t.

[Here Today]

So Capybara Research disclosed their short position and all of a sudden another “Hit” piece comes out of the woodwork! Wonder if they will bring them up before Congress like they did the innocent shareholder who foresaw the shorting of GME???

[Here Today]

Yep. Seems like there is a new
“Mike Burry” in town shorting SOUN….


Capybara Research!

Wonder how many Naked Short shares they are in for???

[Tally-ho]

NEWS JUST OUT, GREAT BOTTOM PLAY HERE IMO:
SANTA CLARA, Calif., March 22, 2024 – SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced that its voice assistant with integrated ChatGPT will be the first to go into vehicles in Japan. SoundHound Chat AI Automotive became the world’s first in-vehicle voice assistant with integrated generative AI when it hit the market in April 2023. It will be available in Stellantis DS Automobiles in Japan starting this month.
At the beginning of March 2024, DS Automobiles became the first automaker in the world to go into full production with SoundHound Chat AI, with an initial rollout in 13 languages across 18 countries. The most sophisticated voice AI assistant available today, it can respond to a vast range of questions from hundreds of real-time domains, as well as large language models, like ChatGPT.
This assistant – which DS Automobiles has named Iris – will allow drivers and passengers to use hands-free voice control to unlock a vast range of information and updates. Whether that’s for planning a trip, opening the sunroof, asking for the sports scores, making a call, or accessing parking information from their destination.
Alongside familiar requests, like navigation, texting, and weather updates, voice assistants with integrated generative AI will ultimately provide help drivers by answering questions like:
What’s the typical weather in Tokyo in March?
Tell me about the best museums there?
Navigate me to the museum you just recommended
What foods are seasonal in Japan during the springtime?
Where can I eat those dishes?
The SoundHound system also uses a proprietary approach to massively reduce the risk of “AI hallucinations” – misleading and unpredictable responses often associated with some large language models (LLMs).
“We are excited to see our advanced voice AI enter the Japanese market,” said Mike Zagorsek, COO of SoundHound AI. “This technology is the first of its kind to go into production. That’s because innovative automotive brands like DS Automobiles continue to demonstrate a commitment to building the vehicle experience of the future.
First data shows huge increase in usage
SoundHound AI has now piloted this technology across a range of high profile OEM brands, and has found that adding generative AI capabilities to in-vehicle voice assistants hugely increases the frequency with which drivers and passengers use them – with DS Automobiles reporting an increase of over 50%.
This enthusiasm for ChatGPT-like functionality bears out the findings of SoundHound AI’s 2023 driver survey, where 50% of all regular drivers responded to say they were likely to use it.
How SoundHound Chat AI works
SoundHound Chat AI platform can integrate with any third party generative AI model to create a seamless conversational experience. It keeps the conversation going, providing fast, accurate responses to queries without frustrating results (no more “I’m sorry, I didn’t get that”). It does this using proprietary technology that intelligently selects the correct response from the most appropriate domain – whether that’s a ChatGPT-powered answer, or the kind of response that large language models can’t handle, like real-time questions about weather, sports, stock, and flight status.
With the launch of SoundHound Chat AI, SoundHound unveiled its proprietary approach, which uses software engineering technology named CaiLAN (Conversational AI Language) and machine learning technology named CaiNet (Conversational AI Network) to ensure fast, accurate, and appropriate responses. The former, deploys software engineering to efficiently build knowledge domains (like weather, restaurants, traffic, and local search), while the latter uses machine learning to better understand queries and provide the right responses. CaiNET can connect to SoundHound’s internal models as well as external models such as OpenAI’s GPT, among others. CaiLAN controls and arbitrates the results to provide the best response to the user.
SoundHound AI + global automakers
SoundHound AI continues to expand its existing customer base, which has attracted over 20 car brands in just seven years. The automotive brands that have chosen SoundHound’s solutions represent roughly 25% of all the units produced in the world today.
To learn more about automotive solutions from SoundHound AI, visit www.soundhound.com.
About SoundHound AI
SoundHound (Nasdaq: SOUN), a global leader in conversational intelligence, offers voice AI solutions that let businesses offer incredible conversational experiences to their customers. Built on proprietary technology, SoundHound’s voice AI delivers best-in-class speed and accuracy in numerous languages to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction™, a real-time, multimodal customer service interface. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses.

Media Contact:
Fiona McEvoy

[yungkipp]

Any company receives bad press and bashing. 2 insiders sell small portions of their shares . Why? Could be a ton of reasons . Do we know any of the true facts other then back and forth articles. Would be great to hear something more from NVDA and their plans going forward with SOUN.
Anyone in this group remember the Luckin coffee debacle? Different animal but you get the idea.
Part of me says sell a percentage of my position and the other part says …be patient .

https://www.fool.com/investing/2024/03/21/nvidia-just-bought-5-ai-stocks-2-stand-out-most/

[trendzone]

It reeks, and has that smell about it, and is what so many small caps do after a big pump up on a lot of retail enthusiasm,they turnaround a screw over everyone with some big below the market cut throat offering, that only benefits them, not sure what their cash reserves are, or how much they burn through each quarter, the last earnings report was I think around $0.07 a share loss, insiders have been selling in the past week,and more news of that today, so the risk of an offering could be outthere.

[trendzone]

Basically a drop in the bucket for them, and away for them to have some kind of interest in another small start up, just in case they become something bigger down the road.

[mzasif]

NVDA just owns 1.7m shares of SOUN at price around $1.5 or slightly above which is nothing on what they paid. If it was 10-20m shares then it would have been worth talking in how much interest they have in this little start up AI company. JMO!

[PAUL_MARKOWITZ]

Yesterday’s after hours and today’s pre market is messy….will register 5s today. I won’t surprised if management announces stock offering at some point.

[hssbwwmp]

Saw something about a Short Report driving this downturn. Tomorrow should be interesting!

[Moonboy1]

I luv it when morons think they more than do and then make a fool of themselves on ihub. Tanking like the titanic

[trendzone]

Jackass fool options MM and other fools selling $6.50 puts at $0.10, wonder what the morons are going to do if the stock gaps down to $6.00 tomorrow morning, buy them back three times higher is what they will be forced to do at a big loss.

[trendzone]

Perhaps yesterday's down grade to sell might be off that they got wind of maybe an offering coming,that might get priced at their PT below $5.00,if that turns out to be the case,the sellers of $6.50 puts at $0.05 will look like total fools.

[Moonboy1]

I've been her since it was .33 so gaps almost always fill.

[Here Today]

Agree 100%. This is like buying Google back in 2004 or Apple back in 1980. When you spoke to people back then about it, they told you it was never going anywhere.

Fast forward years later and for those who held, have made a very nice living just collecting off the many splits and dividends…. Just my opinion.

[MasterSalix]

They’ll be chasing this one and flipping for pennies-

The real money is holding this one and accumulating on any weakness - oscillations aside, the run has just begun -

[Here Today]

Luv it when bashers who missed the early buy-in start talking about “gap-fill”….. Simply hysterical.

[Moonboy1]

Agree. This could literally fall back to $2 for f it ever wanted to fill that gap. That's what bothers me. I may be wrong but that gap is there and this company has only ridden the coattails of Nvidia at this point

[yungkipp]

https://investorplace.com/2024/03/forget-fomo-soundhound-ais-best-days-are-still-ahead-for-bold-investors/

[PAUL_MARKOWITZ]

Me too. I didn't like the way it would run up quickly and then sold out even quicker. That to me is a sign that insiders are unloading. Well, we stay here and watch; perhaps the general market uptrend can make it go beyond 10....one can only trade it for now, not a good investment yet.

[puffadder]

Deep pockets playing this - buy zone $7.70 - selling mid $8’s - rinse and repeat - this is not normal trading.

[Moonboy1]

I'm on the sidelines now. Sold at 8.50 this morning. No real catalyst coming that I know of other than a buyout announcement. And no way they'd pay $8 share when they could have bought it for $1. But never say neveru guess. I have noticed big companies like to wait for a stock price to get above $5 before they buy them out.

[Dantheoneman]

This looks over unfortunately. This was trading $1.50 few months ago.

[bodyshop13]

I believe I saw a few forms filed where some insiders sold or may sell some stock.
Any thoughts?

[trendzone]

The bounce off the lows has an artificial look about it, with some major manipulators showing huge buy order size of one million shares at $7.60 all day, if it was to roll over again and test that big bid again and that major manipulator disappeares from that bid,then a real selloff could take place,and wash out today's pump chasers in a flash.

[MasterSalix]

Looks like some sell on news after a nice run-up. Another buying opportunity if you ask me on any weakness before next leg higher. JMHO GL2A.

[trendzone]

Not sure, but the manipulators on the $6.50 puts are probably being total fools selling them at $0.15,especially if it breaks below $7.00 today.

[Moonboy1]

Wonder how low this is going? May pick up some shares at $5

[nicehit]

As AI evolves, Voice Recognition is going to be huge! We will be talking (conversing) with every appliance, car, robotics, and device.

This stock is so undervalued, IMO!

[yungkipp]

[Moonboy1]

I don't care what they are involved in. I only care that the stock price goes up. That's the only part of this company that will ever matter to me. Same goes for all conpanies. The stock price

[Moonboy1]

So what was the reason for he after hrs spike last night just to crash right back down this morning? Looks like manipulation to keep people from bailing because they don't really have anything that going to drive the price other than the hype leading up to the conference. Is this a sell the news event?

[hssbwwmp]

I wonder if SOUN will be involved in NVIDIA's humanoid robotics program. I assume conversational language capabilities will be part of it.

https://finance.yahoo.com/tech/nvidia-enlists-humanoid-robotics-biggest-220038165.html

[yungkipp]

https://www.appsruntheworld.com/customers-database/products/view/soundhound-houndify-ai-platform

[hssbwwmp]

Yes, SOUN's connection with NVIDIA getting stronger!

[luckydude777]

AMAZING news. Possibilities of SOUN is close to staggering.

[Here Today]

This is why I believe the Shorts were hellbent on doubling down on their push to lower the PPS today to clear up some of their short positions. JMHO.

[Here Today]

First piece of huge news and just one piece of news as to why I strongly believe in my opinion that Apple will be looking at SOUN in the very near future if they are not already!!!!

[Tahoe2468]

https://www.businesswire.com/news/home/20240318067099/en/SoundHound-to-Offer-On-Chip-Voice-AI-with-NVIDIA-That-Delivers-In-Vehicle-Generative-AI-Responses-With-No-Connectivity-Required

[yungkipp]

I mean it did look like a short squeeze and just for 💩’s and giggles I looked at what amc , beyond meat , GameStop and the like did …pretty sure 20-50% was shorted . Obviously with those stocks a bunch of social media caused the short squeeze.
Even Tesla and VW had a short squeeze and they are companies with better numbers. To me this chart of SOUN looks like as soon as it pops it’s pushed back down but still holding at the low 8’s. Pretty sure if you sit tight and let the day traders / swing traders have their way with it this company long term will be a good play. I only saw 1 article saying it could be a pump and dump …I just don’t think this is some penny stock that is pumped and dumped and I don’t think this is a fly by night company. Not with the companies invested in them and I’m sure more to come. The AI play I think is the next big thing like the dot com boom .

[Here Today]

Agreed that #’s matter most which is why SOUN with their forward projected sales & revenues for 2024 - 2025 and beyond is why I’m very bullish.

[yungkipp]

Obviously in trading you can’t “hope” . You try to look at the numbers , the overall company etc . You’re going to hear a lot of noise back and forth but I’m sure Tesla , Apple, all these great companies dealt w it.
You’re right , if NVDA invests more , if Apple wants to partner or any other bigger company for that matter SOUN could be huge.

[Here Today]

20% is pretty high when they have a lot of institutional investors. Of course it’s not like GME which had over 100% of float shorted, but little by little they have crept up their short positions weekly.

Now can anyone imagine if by some chance that Apple was to give SOUN a call about licensing their product like how Apple announced that they were looking into licensing Alphabet’s Gemini service?? The PPS would explode higher in my opinion….

[yungkipp]

I don’t think that’s high compared to other companies being shorted . I mean it’s approaching 20% but boy of boy is this a nail biter

[starkd748]

Can't break 9s shorts in control

[Here Today]

Heading into this NVDA conference, could see some major upswings in my opinion.

[Here Today]

Wow, simply Wow.

SOUN has Almost an 18.50% Short position of its float….

[Digra Ive]

Does it possible to listen to them? If yes, where did they publish a connection link to the conference?
Thanks.

[Here Today]

I am looking forward to Apple’s convention in June. I have a feeling they are actively looking at buying another AI company like the small one they bought named
Darwin AI.

Soundhound AI and Apple could do GREAT things together. In my opinion, I believe the deal that Soundhound AI made with Stellantis DS opened a lot of eyes because it is exactly what Apple is looking to acquire and can expand with all their products.

Huge Financial Opportunity for both parties in my opinion.