SoundHound AI Inc
NASDAQ:SOUN
SoundHound AI Inc
Total Liabilities
SoundHound AI Inc
Total Liabilities Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Total Liabilities | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
S
|
SoundHound AI Inc
NASDAQ:SOUN
|
Total Liabilities
$123m
|
CAGR 3-Years
23%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
Salesforce Inc
NYSE:CRM
|
Total Liabilities
$32.9B
|
CAGR 3-Years
3%
|
CAGR 5-Years
15%
|
CAGR 10-Years
19%
|
||
Palantir Technologies Inc
NYSE:PLTR
|
Total Liabilities
$1B
|
CAGR 3-Years
-4%
|
CAGR 5-Years
3%
|
CAGR 10-Years
N/A
|
||
Applovin Corp
NASDAQ:APP
|
Total Liabilities
$4.1B
|
CAGR 3-Years
21%
|
CAGR 5-Years
35%
|
CAGR 10-Years
N/A
|
||
Intuit Inc
NASDAQ:INTU
|
Total Liabilities
$15.1B
|
CAGR 3-Years
43%
|
CAGR 5-Years
43%
|
CAGR 10-Years
22%
|
||
Adobe Inc
NASDAQ:ADBE
|
Total Liabilities
$16.1B
|
CAGR 3-Years
9%
|
CAGR 5-Years
10%
|
CAGR 10-Years
15%
|
SoundHound AI Inc
Glance View
SoundHound AI Inc. emerged from the evolving landscape of voice recognition technology with a bold vision: to revolutionize the way machines understand and process human speech. Situated at the intersection of artificial intelligence and audio recognition, SoundHound's journey began with its proprietary technology, Houndify, which enables developers to integrate voice-enabled conversational interfaces into their products. This flexible platform offers unique capabilities like understanding complex queries and executing multiple tasks in a single interaction, differentiating it from traditional voice recognition systems that typically handle commands linearly. SoundHound's pursuit of perfection in natural language understanding—and its emphasis on high accuracy in real-time—positions it as a formidable player for businesses looking to enhance user experience through voice interaction. Revenue generation for SoundHound AI is multifaceted, drawn primarily from two sources: licensing its voice AI technology and creating tailored solutions for disparate industries, including automotive, retail, and hospitality. By partnering with global giants such as Hyundai and Mercedes-Benz, SoundHound embeds its voice recognition capabilities into vehicles, enhancing in-car user engagement without the need for physical interaction. Similarly, retailers and service providers leveraging SoundHound's technology can offer voice-enabled shopping or customer service experiences, catering to modern consumers’ preference for efficient, hands-free interactions. This business model not only underscores SoundHound's adaptability and commitment to innovation but also ensures a steady stream of revenue from both subscription-based services and bespoke implementation of its cutting-edge solutions.
See Also
What is SoundHound AI Inc's Total Liabilities?
Total Liabilities
123m
USD
Based on the financial report for Dec 31, 2023, SoundHound AI Inc's Total Liabilities amounts to 123m USD.
What is SoundHound AI Inc's Total Liabilities growth rate?
Total Liabilities CAGR 3Y
23%
Over the last year, the Total Liabilities growth was 65%. The average annual Total Liabilities growth rates for SoundHound AI Inc have been 23% over the past three years .