SoundHound AI continues to make waves in the automotive industry as its partnership with Stellantis expands even further. The company announced that its revolutionary SoundHound Chat AI voice assistant, which integrates ChatGPT technology, is now live and operational in vehicles from Peugeot, Opel, and Vauxhall brands across 11 European markets. By the end of the month, this innovative technology will be available in six more European markets, supporting 12 different languages.
In a significant milestone, DS Automobiles, a luxury carmaker under the Stellantis umbrella, became the first international automotive company to fully incorporate SoundHound Chat AI with integrated ChatGPT into their production vehicles back in March. This cutting-edge technology enables drivers to have hands-free control over various functions, including accessing information on diverse topics.
Michael Zagorsek, the Chief Operating Officer (COO) of SoundHound, highlighted how the collaboration with Stellantis places both companies at the forefront of automotive innovation. The seamless integration of SoundHound AI in vehicles has garnered widespread recognition, leading to a surge in the company’s stock price. SoundHound AI shares escalated by 22% on Wednesday and continued their upward trajectory, rising by an additional 6.5% to reach $5.40 by midday Thursday. Year-to-date, SoundHound AI shares have surged by over 150%, underscoring the market’s enthusiasm for this groundbreaking technology. On the other hand, Stellantis shares have experienced a decline of approximately 13% in 2024.
As SoundHound AI cements its position as a trailblazer in the automotive sector, the extended partnership with Stellantis reaffirms the commitment to innovation and enhanced driving experiences for customers. The successful integration of SoundHound Chat AI with ChatGPT technology in a growing number of vehicles signifies a significant leap forward in the evolution of voice-controlled functionalities within automobiles. With the positive market reception and continued advancements in technology, SoundHound AI’s future in the automotive industry appears bright and promising.
