SoundHound AI (NASDAQ:SOUN) stock experienced a notable surge today following the company’s announcement regarding the successful integration of its ChatGPT-integrated voice assistant in Peugeot, Opel, and Vauxhall vehicles across various European markets.
According to SoundHound AI, the Chat AI voice assistant, equipped with ChatGPT technology, is now fully operational and in use in 11 European countries, including Austria, France, Germany, Italy, Spain, and the United Kingdom. The company has revealed its plans to extend its presence to a total of 17 markets by the end of July.
Michael Zagorsek, the COO of SoundHound AI, expressed his excitement about the collaboration with Stellantis, highlighting the impact of this innovative technology on the automotive industry. Zagorsek emphasized the importance of delivering cutting-edge voice AI solutions that enhance the overall driving experience for consumers.
The integration of SoundHound Chat AI in Peugeot, Opel, and Vauxhall vehicles enables drivers and passengers to access hands-free voice control functionalities for a wide range of tasks, such as navigation, making calls, and obtaining real-time information. Additionally, users can engage in detailed conversations with the voice assistant, which can seamlessly interact with external knowledge sources and in-vehicle controls.
As a result of this significant development, SoundHound shares surged by 16.2% to $4.81 at the time of reporting. The successful implementation of ChatGPT technology in collaboration with major automotive brands signifies a significant milestone for SoundHound AI, positioning the company as a leader in delivering innovative voice AI solutions to enhance the driving experience.
