Mentioned:
Artificial intelligence has its sights set on a new area for disruption: fast food restaurants.
What’s happening:
- SoundHound AI (NASDAQ: SOUN) has officially launched their next generation artificial intelligence technology platform for fast food restaurants
The big idea:
- SoundHound AI’s new artificial intelligence technology allows individuals to use simple voice commands over the phone to place orders ahead of their arrival and enables restaurants to be able to respond to their requests by solely leveraging generative artificial intelligence
- SoundHound AI has also rolled out features that enable individuals to place orders through text messages, which are then responded to by artificial intelligence technology at the specific restaurant location without requiring any human intervention whatsoever
Why it matters:
- SoundHound AI has quickly emerged as a first mover in artificial intelligence powered voice technology in the public markets, with existing deals with some of the largest restaurant chains in America including Chipotle (NYSE: CMG), White Castle and others
Going deeper:
- SoundHound AI has been aggressively rolling out new technology partnerships of late, including the highly notable recent collaboration with Lucid Motors (NASDAQ: LCID) which integrated SoundHound AI’s leading edge voice assistant technology into electric vehicles manufactured by Lucid
