SoundHound AI Shines Through Strategic Partnership with Red Lobster

The shares of the language AI technology company SoundHound AI experienced an increase of 7.6% after the company announced a strategic partnership with the renowned restaurant chain Red Lobster. The goal of the joint project is to introduce an AI-powered phone ordering system in all Red Lobster locations. This innovative voice AI technology is capable of handling multiple calls simultaneously, taking orders, and answering questions regarding opening hours and menu options. The automated orders are directly transmitted to Red Lobster’s point of sale system, reducing the workload of on-site staff and optimizing the ordering process. Collaborating with such an established brand as Red Lobster represents a significant step for SoundHound and underscores the growing demand for its voice ordering services in the hospitality industry. Despite the positive news, SoundHound AI’s stock remains challenging due to its volatility, with 93 stock movements of over 5% in the past year. Nonetheless, the increased demand and a solid revenue growth of 217% year-on-year in the second quarter indicate a positive trend. Given market optimism, SoundHound could have even more promising developments ahead in the dynamic field of voice AI with its impressive expansions and robust performance metrics.