SoundHound AI Stock Rises Further on Expanded Stellantis Partnership

Shares of SoundHound AI (SOUN) soared for a 2nd time Thursday aft nan shaper of artificial intelligence (AI) sound exertion announced its merchandise would beryllium added to much Stellantis (STLA)-owned car brands successful Europe.

The institution said Wednesday that its SoundHound Chat AI sound adjunct pinch integrated ChatGPT “is now unrecorded and successful accumulation successful Peugeot, Opel, and Vauxhall conveyance brands crossed 11 European markets.” It added that by nan extremity of this month, nan rollout will see six much European markets successful 12 different languages.

SoundHound Product Went Into Stellantis' DS Automobiles Earlier This Year

SoundHound noted that successful March, Stellantis-owned French luxury carmaker DS Automobiles became nan first world automotive institution to spell into afloat accumulation pinch nan technology. 

SoundHound Chat AI pinch integrated ChatGPT allows drivers to person hands-free sound power complete a assortment of functions, including getting answers to questions astir immoderate topic.

Chief Operating Officer (COO) Michael Zagorsek explained that nan collaboration pinch Stellantis “has put some companies correct astatine nan cutting separator of invention successful nan automotive sector.”

SoundHound AI shares, which soared 22% Wednesday, were up a further 6.5% to $5.40 arsenic of 11:53 a.m. ET Thursday and person added much than 150% year-to-date. Stellantis shares person mislaid astir 13% of their worth successful 2024.