Business
SoundHound Signs 7-Year Agreement with Hyundai and Reports Q1 Earnings with $230 Million in Cumulative Bookings
Conversational AI leader to provide an integrated Edge+Cloud voice interface in over 22 languages, bundled with music recognition and monetization via voice
About this update from Soundhound Ai, Inc.
[{"type":"text","content":"\nConversational AI leader to provide an integrated Edge+Cloud voice interface in over 22 languages, bundled with music recognition and monetization via voice commerce\n\n SANTA CLARA, Calif.--(BUSINESS WIRE)--\nSoundHound AI, Inc. (Nasdaq: SOUN) (“SoundHound”), a global leader in voice artificial intelligence, today announced a 7-year deal with Hyundai to include SoundHound's Edge+Cloud voice AI technology, music recognition software, voice commerce solution, and multiple-language conversational intelligence in a broad range of vehicle models globally. This announcement coincides with SoundHound’s 2022 Q1 earnings release, featuring $230 million in cumulative bookings spanning multiple verticals and demonstrating broad business momentum. Through its long-term partnership with Hyundai, SoundHound is expected to further grow bookings based on upcoming delivery milestones.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220517005439/en/SoundHound, a global leader in voice artificial intelligence, today announced a 7-year deal with Hyundai to include its Edge+Cloud voice AI technology, music recognition software, voice commerce solution, and multiple-language conversational intelligence in a broad range of vehicle models globally. (Graphic: Business Wire)\nThe new agreement brings SoundHound's Edge+Cloud voice AI technology in multiple languages to numerous Hyundai vehicles, including Genesis, Hyundai, and Kia—creating one seamless and responsive voice interface for in-car controls and cloud-based searches and significantly improving the voice experience. With units launching in several languages across North America and India, the companies have confirmed plans to add more languages and regions over time.\n\n\"Our partnership with SoundHound opens up possibilities for us to push the capabilities of voice inside Genesis, Hyundai, and Kia vehicles and enhance our customers' driving experiences beyond what is possible today,\" said Paul Choo, Executive VP, Infotainment Development Center at Hyundai Motor Company. \"SoundHound's solution gives us the freedom to have a single hybrid solution that provides a seamless experience between cloud and edge voice capabilities.\"\n\nKey to this agreement is SoundHound's newly developed Edge+Cloud voice solution for automakers. The te...