SoundHound AI provides a voice AI platform where its customers can create conversational AI assistants and voice-based AI agents that can be deployed for multiple uses, such as taking orders in restaurants, car infotainment systems, and customer service applications, among others.

Simply put, a generational investment cycle is underway in AI today. Companies are investing billions of dollars in data centers and other areas to develop and train more advanced AI models and utilize them on a worldwide scale. According to McKinsey & Company, data center expenditures alone could top $7 trillion by 2030.