SoundHound AI, a leading voice artificial intelligence company, has announced that its SoundHound Chat AI voice assistant, integrated with ChatGPT, will be available in Alfa Romeo and Citroën vehicles across Europe. This expansion follows recent launches in Peugeot, Opel, and Vauxhall vehicles. SoundHound Chat AI, first fully implemented in DS Automobiles in March, will now be accessible in several Citroën and Alfa Romeo models. The AI voice assistant enhances traditional in-vehicle capabilities such as navigation and real-time information, providing ChatGPT-style responses for a wide range of queries. It recognizes natural speech and supports engaging, informative conversations. COO Michael Zagorsek emphasized the growing popularity and utility of this technology, noting significant increases in usage and consumer loyalty.

Expansion to Alfa Romeo and Citroën

Following recent launches in Peugeot, Opel, and Vauxhall vehicles, SoundHound AI’s voice assistant technology is now being adopted by Alfa Romeo and Citroën. Earlier in March, DS Automobiles became the first automaker globally to integrate the latest generative AI technology from SoundHound Chat AI into their production vehicles. The voice assistant will now be available in Alfa Romeo Junior Ibrida and in Citroën models such as C4, C4X, C5X, Berlingo, and Spacetourer.

Enhancing the In-Vehicle Experience

SoundHound Chat AI provides a versatile conversational experience for drivers and passengers. Building upon traditional in-vehicle voice assistant capabilities like navigation, making calls, and accessing real-time information such as sports scores and weather updates, this new system allows Citroën and Alfa Romeo customers to enjoy ChatGPT-style responses. Users can engage with the assistant for a variety of tasks, including historical facts, trip planning, storytelling, quizzes, and tips from the vehicle manual. The system is designed to recognize natural human speech and use generative AI to facilitate enjoyable and informative conversations.

Examples of how the system can be utilized include:

• “What’s the most picturesque route from the South of France to Italy?”
• “What’s the most popular place to stop along the way?”
• “What is the weather like there now?”
• “Could you navigate me to public parking there?”
• “Find an electric vehicle charging station nearby.”

Driving Innovation and Customer Satisfaction

Michael Zagorsek, COO of SoundHound AI, expressed his excitement about the extension of the SoundHound Chat AI assistant to Alfa Romeo and Citroën vehicles. He noted, “This innovation is proving to be a hit with drivers, who are getting ongoing value from their enhanced in-car voice assistant. Drivers are still uncovering new and exciting uses for this highly capable, AI-driven voice technology. As we enter a new era for the vehicle cockpit, SoundHound is constantly pushing to deliver elite products that automakers trust and drivers love.”

Insights:

1. SoundHound AI expands into Alfa Romeo and Citroën vehicles in Europe.
2. Integration includes ChatGPT for enhanced conversational capabilities.
3. Significant increases in voice assistant usage and consumer loyalty observed.

The Essence (80/20)The Origins and Evolution of the 80/20 Principle The Discovery by Vilfredo Pareto In 1897, Italian economist Vilfredo Pareto uncovered a striking pattern in his study of wealth and... More:

• Core Topics: Expansion of SoundHound Chat AI, integration with ChatGPT, new vehicle models, enhanced conversational capabilities, user engagement and loyalty.
• Detailed Descriptions: SoundHound AI is broadening its reach by integrating its Chat AI voice assistant into Alfa Romeo and Citroën vehicles. This assistant, powered by ChatGPT, offers a more natural and versatile conversational experience for drivers, moving beyond basic functions to provide interactive, real-time responses to a variety of queries. The integration has already shown increased usage and customer satisfaction.

The Action Plan – What SoundHound Will Likely Do Next

Feedback Loop: Implement a robust feedback system to continuously improve AI responses and user experience.

Market Expansion: Continue rolling out SoundHound Chat AI in more vehicle brands and models.

Feature Enhancement: Enhance AI capabilities to handle more complex and diverse queries.

User Engagement: Develop features to increase user interaction and satisfaction.

SOUN Technical Analysis Daily Time Frame

Soundhound AI (SOUN) has displayed several notable trends and indicators on its daily chart. Here’s a detailed technical analysis:

The stock price shows a recent consolidation phase after a significant upward movement. The Moving Averages indicate a mixed trend; the 50-day moving average is slightly above the current price, suggesting short-term resistance, while the 200-day moving average below the price suggests long-term support.

The volume shows sporadic spikes, indicating occasional strong trading interest. A closer look at the Relative Strength IndexIn the world of technical analysis, the Relative Strength Index (RSI) stands as a cornerstone tool for traders seeking insights into market momentum. Developed by J. Welles Wilder ... More (RSI) around 53.39 indicates that the stock is in a neutral zone, neither overbought nor oversold.

On-Balance VolumeThe On Balance Volume indicator (OBV) is a technical analysis tool used to measure the flow of money into and out of a security over a specified period of time. It is a cumulative ... More (OBV) demonstrates an upward trend, suggesting accumulation despite the price consolidation. This could indicate that buyers are still interested, possibly preparing for another upward move.

The Stochastic RSIIn the realm of technical analysis, the Stochastic RSI (StochRSI) emerges as a powerful tool for traders seeking to navigate market dynamics with precision. Developed by Tushar S. ... More shows a reading of 0.421, which suggests that the stock is neither in an overbought nor an oversold condition but is closer to the oversold side, potentially indicating limited downside risk.

The Chaikin OscillatorNamed after its creator Marc Chaikin, the Chaikin Oscillator stands as a formidable tool in the arsenal of technical analysts. This oscillator is designed to measure the accumulati... More also shows minor movements, reflecting indecision in the market, with no strong bullish or bearish signal.

The MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period ... More oscillator, with a value of 0.31 for the MACD line and -0.22 for the signal line, shows a slightly positive histogram, suggesting mild bullish momentum.

Time-Frame Signals:
1 Month: Given the current consolidation phase and neutral indicators like RSI and Stochastic RSI, the stock may remain range-bound. The potential exists for a minor uptick if volume increases and buyers sustain their interest. Recommendation: Hold.

2 Months: If the stock breaks above the 50-day moving average, it may see a stronger bullish trend. The upward OBV and Chaikin Oscillator could support this move, suggesting a gradual price increase. Recommendation: Buy.

3 Months: With the long-term 200-day moving average providing support, and if the stock maintains or increases its volume and positive momentum, a more significant upward movement is likely. Continued accumulation indicated by the OBV would further support a bullish trend. Recommendation: Buy.

SOUN Technical Analysis Weekly Time Frame

The chart of Soundhound AI Inc (SOUN) shows a mixed technical picture over the weekly timeframe.

Price Action: The stock has experienced significant volatility over the past year, with notable highs and lows. The recent price is around $5.06, showing a recovery from a low of $2.00 in late 2022. The Anchored VWAP from September 2022 is at $4.48, which currently acts as a support level.

Volume: There was a significant spike in volume during the price surge in early 2023, indicating strong buying interest. Recently, volume has decreased, suggesting reduced trading activity.

Relative Strength Index (RSI): The RSI is at 54.03, indicating neither overbought nor oversold conditions, suggesting a neutral momentum.

On-Balance Volume (OBV): The OBV is at 357.84M and has been relatively flat, indicating a lack of strong directional movement in volume.

Stochastic RSI: The Stochastic RSI is at 0.386, suggesting a potential oversold condition, which might indicate a buying opportunity if upward momentum resumes.

Chaikin Oscillator: The Chaikin Oscillator is at 5.64M, showing a positive reading, suggesting accumulation and potential bullish sentiment.

MACD: The MACD histogram is negative at -0.37, with the MACD line below the signal line, indicating bearish momentum.

Trend Analysis: The stock had a strong uptrend from late 2022 to mid-2023 but has since shown signs of consolidation with a potential head and shouldersThe head and shoulders chart pattern is a technical analysis tool used in stock trading. It is one of the most well-known and widely recognized chart patterns, and it is used by in... More pattern forming, which could indicate a bearish reversal if confirmed.

Support and Resistance: The key support level is at the Anchored VWAP of $4.48, and the resistance level is around the recent high of $8.00.

Time-Frame Signals
1-Year: Hold. The stock shows consolidation with a neutral RSI and mixed indicators. Potential for recovery if support at $4.48 holds.
2-Year: Hold. The long-term trend needs to establish a clearer direction. Monitoring the MACD for a bullish crossover is essential.
3-Year: Buy. Potential for long-term growth if the company continues to innovate and market conditions improve. The stock has shown resilience and recovery from lows.

Past performance is not an indication of future results. This article should not be considered as investment advice. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions. 🧡

Positive Impact and Market Response

SoundHound’s data indicates a significant increase in voice assistant usage across brands, with as much as a sixfold rise in engagement. Additionally, there has been a fivefold increase in the Net Promoter Score (NPS), reflecting growing consumer loyalty and demand for highly intelligent, versatile AI voice assistants among drivers and manufacturers.

The integration of SoundHound Chat AI into Alfa Romeo and Citroën vehicles represents a leap forward in automotive technology, offering drivers a richer, more interactive experience. This development underscores SoundHound AI’s commitment to innovation and excellence in the realm of in-car voice technology, setting the stage for continued advancements and wider adoption across the automotive industry.