Shares of SoundHound AI Inc (SOUN) surged 7.26% in the pre-market trading session on Friday, driven by two significant developments in the conversational AI space.
Firstly, SoundHound announced a new partnership with Rekor Systems to integrate its conversational AI technology into emergency vehicles. This strategic move will enable voice commands and data-sharing capabilities for police cars, fire trucks, and ambulances, expanding SoundHound's presence in the automotive industry.
Secondly, President Trump's decision to rescind a previous executive order that required AI companies to conduct safety tests and share their AI models' inner workings with the government has sparked investor optimism. This move signals a more open and less regulated environment for AI advancements, which bodes well for SoundHound's growth prospects in the rapidly evolving conversational AI market.
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