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SoundHound AI | 10-K: FY2023 Annual Report

SEC ·  Mar 1 22:14

Summary by Futu AI

SoundHound AI, a leader in conversational intelligence, has not provided specific financial performance metrics such as revenue, operating profit, net profit, or diluted earnings per share in its annual report. However, the company has highlighted its commitment to cybersecurity, acknowledging the importance and risks associated with cyber incidents. SoundHound has implemented a comprehensive cybersecurity program, including regular risk assessments, industry-accepted controls, employee training, and continuous monitoring. The company also reviews its cybersecurity policies annually and maintains cyber insurance coverage. SoundHound's business development is focused on providing Voice AI solutions across various industries, with a strong emphasis on maintaining the confidentiality and integrity of its information systems. The company's future plans include expanding investments in IT security and...Show More
SoundHound AI, a leader in conversational intelligence, has not provided specific financial performance metrics such as revenue, operating profit, net profit, or diluted earnings per share in its annual report. However, the company has highlighted its commitment to cybersecurity, acknowledging the importance and risks associated with cyber incidents. SoundHound has implemented a comprehensive cybersecurity program, including regular risk assessments, industry-accepted controls, employee training, and continuous monitoring. The company also reviews its cybersecurity policies annually and maintains cyber insurance coverage. SoundHound's business development is focused on providing Voice AI solutions across various industries, with a strong emphasis on maintaining the confidentiality and integrity of its information systems. The company's future plans include expanding investments in IT security and enhancing its cybersecurity posture. SoundHound has also entered into an agreement to acquire Synq3, a provider of voice AI solutions for the restaurant industry, which is expected to expand its AI customer service solutions and market reach. Additionally, SoundHound has raised capital through a Sales Agreement, allowing for the sale of Class A common stock, and has completed a business combination that resulted in net proceeds intended for corporate purposes and potential acquisitions in the Voice AI industry.

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