Name of opportunity: 👀
SoundHound AI, Inc
It’s a deal: 🤝
SoundHound, an influential company in the voice and conversational AI space, has just bought Amelia AI. Amelia develops AI agents that companies can use to communicate with either employees or customers. Acquiring Amelia gives SoundHound more access to clients in industries such as insurance, hospitality, retail, healthcare and financial services - all sectors where Amelia currently has clients.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of SoundHound AI Inc will increase from $4.97 to $7.43 in the next 12 months. If you invested $1000, you might profit $494.69.
The average analyst recommendation is ‘Buy’. SoundHound has been welcomed by the automobile industry, with car manufacturers including Stellantis and Mercedes-Benz using the company’s tech for its in-vehicle voice assistants. With the acquisition of Amelia, it seems as if SoundHound may soon gain a surer foothold in more industries.
In the past year, SoundHound has also acquired two platforms that provide AI solutions for restaurants, SYNQ3 and Allset.
It's worth bearing in mind that SoundHound is not yet profitable, and it has historically shown some volatility, so investors who prefer blue chip stocks and more reliable investments might not feel comfortable buying shares in this company. However, for investors who don't mind higher risk stocks, SoundHound offers the opportunity to make some cash in an exciting and fast moving industry.
Speak up: 🎤
SoundHound AI, Inc. (SoundHound) is an innovator of conversational intelligence that offers an independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver conversational experiences to their customers. Founded in 2005, the company's HQ is located in California, US. It went public on the stock market in 2022.
Which neme?: 🔍
‘Top Stocks in AI’
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