SoundHound acquires Amelia AI for $80M after it raised $189M+

Quick Summary:

SoundHound — the AI company that has made a name for itself selling voice interface technology to car companies, restaurants and tech companies like Snap and Qualcomm — is doubling down on enterprise services, taking an opportunity to play the consolidator in a crowded market.

It is not just about building infrastructure, it’s about end customer use cases and integrating different ecosystems to deliver productivity.The U.K.’s antitrust regulator has confirmed that it’s carrying out a formal antitrust investigation into Amazon’s ties with Anthropic, after Amazon recently completed a $4 billion investment into the AI startup.

We believe there will be a long-lasting wave of value creation for companies that build and scale businesses around AI, and that’s exactly what we are doing here,” Mohajer said in defense of today’s market.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets: United StatesCubaIndiaUkraine

Topics: SoundHound Chatbot Voice AI Enterprise IPsoft AI Amelia AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 12:59:29 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1465 words

Reading Time: 9 minutes read

Sentences: 61 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21984729

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