18 unchanged sentences
Custom, branded voice assistants are allowing companies to improve their customer interactions at every touchpoint.
−Removed: According to Juniper Research, the broader market for Voice AI transactions will exceed $160 billion by 2026, enabled by a growing need for Voice AI in many industries including IoT, automotive, restaurants, Smart TVs, retail, hospitality, enterprise, contact center, home services, personal care, professional services, among many others.
We believe that Voice AI will be the next major technology disruption in computing.
2 unchanged sentences
We now have IoT devices with Voice AI.
−Removed: After the internet became mainstream, every company needed to have a website.
+Added: After the internet became mainstream, every
+Added: company needed to have a website.
After the mobile ecosystem became mature, every company needed to have a mobile strategy.
16 unchanged sentences
In 2015, SoundHound introduced the Houndify Voice AI platform incorporating breakthrough Speech-to-Meaning and Deep Meaning Understanding technologies, which, to SoundHound’s knowledge represented voice interaction technologies not yet broadly available at the time as its foundation.
−Removed: After we went public in 2022, SoundHound rapidly introduced innovation to the market with Smart Ordering, Dynamic Interaction TM , SoundHound Chat AI, and Smart Answering, among others products (see "Products and Technology" hereafter).
+Added: After we went public in 2022, SoundHound rapidly introduced innovation to the market with Smart Ordering, Dynamic Interaction TM , SoundHound Chat AI, and Smart Answering, among other products (see "Products and Technology" hereafter).
SoundHound’s Vision
15 unchanged sentences
“show me Asian restaurants in San Francisco, excluding Chinese and Japanese, and only show the ones that have more than three stars and are open after 9:00 PM on Wednesdays.” In addition, users can follow up and ask it to refine the criteria such as “remove Korean and Vietnamese, sort by rating then by price, and only show the ones that are good for kids and have a patio.”
−Removed: Additionally, through SoundHound's AI-driven restaurant voice ordering solution, Smart Ordering, automated voice technology can be deployed by any restaurant to take food and drink orders over the phone, via menu kiosks or at the drive-thru.
+Added: Additionally, through SoundHound's AI-driven restaurant voice ordering solution, Smart Ordering, automated voice technology can be deployed by any restaurant to take food and drink orders over the phone, via menu kiosks or at the drive-
Its sophisticated technology learns the menu of each business and can answer questions, accept modifications and even upsell, helping the restaurant process more orders quickly and efficiently.
123 unchanged sentences
Royalties, Subscription, and Monetization, and all three pillars contribute to our current revenues today.
−Removed: While the majority of current revenues come from royalties, over time we expect our revenues from subscription and monetization pillars to increase and eventually represent a larger portion of our overall revenues.
+Added: While the majority of current revenues come from royalties and subscriptions, over time we expect our revenues from monetization pillars to increase meaningfully in the future.
(1) Royalties :
31 unchanged sentences
We have invested significantly over the years in making conversational Voice AI technology by leveraging advanced technologies across signal processing, speech recognition, machine learning and more.
−Removed: The complexities of our design and the associated technological breakthroughs has required more than ten years of research and development activities to fine tune our technology for commercial use.
+Added: The complexities of our design and the associated technological breakthroughs have required more than ten years of research and development activities to fine tune our technology for commercial use.
We continue to explore different innovation strategies to strengthen our capabilities.
29 unchanged sentences
We believe this allows us to engage with a wider pool of talent and retain employees who want or need more flexibility.
−Removed: Diversity and Inclusion
−Removed: We recognize that everyone deserves respect and equal treatment, regardless of gender, race, ethnicity, age, disability, sexual orientation, gender identity, cultural background or religious belief.
−Removed: We are creating an inclusive workplace through community-building, training and internal awareness.
−Removed: In 2023, we continued to support our many community partners and employee resource groups that build community for employees from underrepresented groups.
Government Regulations
−Removed: We are subject to various laws, regulations, and permitting requirements of federal, state, and local authorities, related to health and safety, consumer privacy, anti-corruption and export controls.
+Added: We are subject to various laws, regulations, and permitting requirements of federal, state, and local authorities, related to health and safety, consumer privacy, anti-corruption, export controls and AI-related regulations.
The foregoing may include the U.S.
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.