Is SoundHound AI a Millionaire-Maker Stock?
A few months ago, I thought artificial intelligence (AI) was a hype-driven fluke; now I use it almost every day. The technology behind text-based large language models (LLMs) like ChatGPT is already taking the world by storm, and audio-focused functionality is the obvious next step in its evolution.
With shares up 93% over the last 12 months, investors are clearly optimistic about SoundHound AI's (NASDAQ: SOUN) ability to pioneer this opportunity. But is the company all it's cracked up to be? Let's dig deeper to find out if SoundHound actually has millionaire-maker potential.
Speech and audio recognition tech has been around for years. But SoundHound aims to help transform it from the clunky interactive voice response systems commonly used in call centers into an experience capable of matching or even exceeding a real human. The company's software has enjoyed early success in the restaurant industry.
Source Fool.com
