Summary by Futu AI
On March 31, 2024, BlackRock, Inc., a Delaware-based investment management corporation, filed an amended Schedule 13G with the Securities and Exchange Commission (SEC), indicating a change in its holdings in SoundHound AI, a company specializing in AI technology. The filing revealed that BlackRock now beneficially owns 12,343,093 shares of SoundHound AI's Class A Common Stock, which represents 4.5% of the class. This marks a decrease from a previous holding, as BlackRock has checked the box indicating it now owns 5 percent or less of the class of securities. The filing, dated April 5, 2024, includes a certification that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of SoundHound AI.