SoundHound AI has reached an agreement to prepay its $100 million debt in full. The voice artificial intelligence (AI) firm announced that agreement with its lenders Monday (June 10), saying it substantially lowers its early payment costs and lets SoundHound save more than $55 million of interest and...
Shares of smaller artificial intelligence (AI) firms reportedly experienced a rally Thursday (Feb. 15) after Nvidia, the world’s leading AI chipmaker, disclosed its stake in them as of Dec. 31. This move by Nvidia offers insights into its growth strategy and highlights its growing influence in...
SoundHound AI is hoping new financing will help it capitalize on the artificial intelligence boom. The voice artificial intelligence (AI) company announced Monday (April 17) it had closed a new $125 million loan facility from Atlas Credit Partners with $100 million fully funded at closing....
June 20, 2024
SoundHound AI announced Tuesday (June 18) its acquisition of key assets from Allset, an online food ordering platform, in a move that bolsters the voice artificial intelligence company’s presence in the restaurant industry. The deal, whose financial terms were not disclosed, brings Allset’s nearly 7,000 restaurant partners and engineering talent under SoundHound’s umbrella. It also […]
June 10, 2024
SoundHound AI has reached an agreement to prepay its $100 million debt in full. The voice artificial intelligence (AI) firm announced that agreement with its lenders Monday (June 10), saying it substantially lowers...
February 15, 2024
Shares of smaller artificial intelligence (AI) firms reportedly experienced a rally Thursday (Feb. 15) after Nvidia, the world’s leading AI chipmaker, disclosed its stake in them as of Dec. 31. This...
April 17, 2023
SoundHound AI is hoping new financing will help it capitalize on the artificial intelligence boom. The voice artificial intelligence (AI) company announced Monday (April 17) it had closed a new...
