The Voice AI Revolution: SoundHound AI’s Bold Moves to Dominate the Future
SoundHound AI, Inc. reported an 85% revenue increase to $84.7 million in 2024, driven by Service Subscriptions in the Americas. Despite achieving a $41.4 million gross profit, its gross margin fell to 49% due to lower-margin acquisitions of Amelia and SYNQ3. The company posted a significant net loss of $350.7 million, up from $88.9 million, … Read more