SoundHound AI Survey Reveals High Demand for Voice Generative AI in Vehicles Across US and Europe

Research Finds 76% Of U.S. Drivers Likely To Use Voice Generative AI Capabilities In Their Vehicles By Investing.com

SoundHound AI (NASDAQ:SOUN) study of vehicle owners also found that more than 4 in 5 prospective car buyers would now actively choose a vehicle that has AI-powered features over one that doesn't SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the results of an independent survey of United States vehicle owners, which found that the vast majority of regular drivers " almost 4 in 5 " are likely to use a voice assistant with voice generative AI capabilities if available. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022788245/en/ While 76% of drivers surveyed have access to an in-vehicle voice assistant (with 86% of voice assistant users using it weekly), until now, the use cases for these assistants have been relatively contained to in-vehicle controls, navigation, and calls. Now new research reveals that U.S. drivers are ready for supercharged assistants with new AI-powered capabilities that promise to bring a whole new world of functionality to drivers through natural conversation. These new voice generative AI functionalities include being able to place food orders and complete other transactions hands-free from the car dashboard, using the assistant instead of a car manual to better understand and operate car features and address maintenance issues, and even using the in-vehicle voice assistant to summarize text or email threads to aid productivity on-the-go. Key findings: Sophisticated AI-powered voice assistants promise to help drivers and passengers unlock existing vehicle features using only speech, as well as introducing a whole range of new and enhanced capabilities that bring new levels of convenience, practicality, and entertainment to the car. The report also found that nearly 2 in 5 U.S. drivers currently find car features too complicated, with 50% finding common applications like GPS navigation difficult and frustrating. How do users make the most of voice generative AI capabilities? The study tested ideas for new and enhanced in-vehicle features for drivers, including: This survey data is consistent with what we've been seeing from real drivers using voice generative AI out on the road. Over the last 12 months of deployment, it's become clear that those early users really see the value, said Mike Zagorsek, COO and Automotive lead at SoundHound AI. In some cases, we've seen voice assistant usage increasing five-fold compared to a traditional vehicle voice assistant. This tells us that AI-powered technology is making a significant impact and is here to stay. Last year, SoundHound was the first AI company in the world to launch a vehicle assistant with generative AI capabilities. The software is now in production with a range of automakers globally in multiple languages, with the assistant processing multiple millions of queries in the last 12 months. The company commissioned this new survey from Big Village as part of a strategic program undertaken with Vivaldi to unlock new use cases for the voice generative AI technology and drive value for both OEMs and drivers. Learn more about SoundHound AI Automotive solutions visit www.soundhound.com/voice-ai-solutions/automotive/. About SoundHound AI SoundHound (Nasdaq: SOUN), a global leader in conversational intelligence, offers voice and conversational AI solutions that let businesses offer incredible experiences to their customers. Built on proprietary technology, SoundHound's voice AI delivers best-in-class speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants via groundbreaking AI-driven products like Smart Answering, Smart Ordering, Dynamic Drive Thru, and Amelia AI Agents. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses. About Big Village This survey was conducted from September 5-23, 2024 among 1136 regular drivers aged 21-65 in the United States, who primarily drive cars from model year 2018 or newer. Big Village Insights is a global research and analytics business uncovering not just the ~what' but the ~why' behind customer behavior, supporting clients' insights needs with agile tools, CX research, branding, product innovation, data & analytics, and more. Big Village Insights is part of Bright Mountain Media. Find out more at https://big-village.com/.

Research Finds 79% Of Drivers Across Europe Would Use Voice Generative AI Capabilities In Their Vehicles By Investing.com

SoundHound AI (NASDAQ:SOUN) study of vehicle owners also found that 4 out of 5 prospective car buyers in the UK, France, and Germany would now prefer to buy or lease a car with AI features over one without SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the results of an independent survey of car owners in the UK, France, and Germany, which found that the vast majority of regular drivers " nearly 4 in 5 " are likely to use a voice assistant with voice generative AI capabilities if available. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022883825/en/ While most of the drivers surveyed have current access to an in-vehicle voice assistant (78% in the UK, 77% in Germany, 65% in France) " with the majority of those with access using it at least weekly " until now the use cases for these assistants have been relatively contained to in-vehicle controls, navigation, and calls. Now, new research reveals that European drivers in the countries surveyed are ready for supercharged assistants with new AI-powered capabilities that promise to bring a whole new world of functionality to drivers through natural conversation. These new voice generative AI functionalities include being able to place food orders and complete other transactions hands-free from the car dashboard, using the assistant instead of a car manual to better understand and operate car features and address maintenance issues, and even using the in-vehicle voice assistant to summarize text or email threads to aid productivity on-the-go. Key findings: Sophisticated AI-powered voice assistants promise to help drivers and passengers unlock existing vehicle features using only speech, as well as introducing a whole range of new and enhanced capabilities that bring new levels of convenience, practicality, and entertainment to the car. The report also found that as many as 2 in 5 drivers currently find car features too complicated, with 50% finding common applications like GPS navigation difficult and frustrating. How can users make the most of voice generative AI capabilities? The study tested ideas for new and enhanced in-vehicle features for drivers, including: This survey data is consistent with what we've been seeing from real drivers using voice generative AI out on the road. Over the last 12 months of deployment, it's become clear that those early users really see the value, said Mike Zagorsek, COO and Automotive lead at SoundHound AI. In some cases, we've seen voice assistant usage increasing five fold compared to a traditional vehicle voice assistant. That tells us that AI-powered technology is making a significant impact and is here to stay. Last year, SoundHound was the first AI company in the world to launch a vehicle assistant with generative AI capabilities. The software is now in production with a range of automakers globally in multiple languages, with the assistant processing multiple millions of queries in the last 12 months. The company commissioned this new survey from Big Village as part of a strategic program undertaken with Vivaldi to unlock new use cases for the voice generative AI technology and drive value for both OEMs and drivers. Learn more about SoundHound AI Automotive solutions visit www.soundhound.com/voice-ai-solutions/automotive/. About SoundHound AI SoundHound (Nasdaq: SOUN), a global leader in conversational intelligence, offers voice and conversational AI solutions that let businesses offer incredible experiences to their customers. Built on proprietary technology, SoundHound's voice AI delivers best-in-class speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants via groundbreaking AI-driven products like Smart Answering, Smart Ordering, Dynamic Drive Thru, and Amelia AI Agents. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses. About Big Village This survey was conducted from September 5-11, 2024 among regular drivers aged 21-65 in France (n=403), Germany (n=400), and the United Kingdom (n=405), who primarily drive cars from model year 2018 or newer. Big Village Insights is a global research and analytics business uncovering not just the ~what' but the ~why' behind customer behavior, supporting clients' insights needs with agile tools, CX research, branding, product innovation, data & analytics, and more. Big Village Insights is part of Bright Mountain Media. Find out more at https://big-village.com/.

Research Finds 76% Of U.S. Drivers Likely To Use Voice Generative AI Capabilities In Their Vehicles

SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the results of an independent survey of United States vehicle owners, which found that the vast majority of regular drivers - almost 4 in 5 - are likely to use a voice assistant with voice generative AI capabilities if available. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022788245/en/ While 76% of drivers surveyed have access to an in-vehicle voice assistant (with 86% of voice assistant users using it weekly), until now, the use cases for these assistants have been relatively contained to in-vehicle controls, navigation, and calls. Now new research reveals that U.S. drivers are ready for supercharged assistants with new AI-powered capabilities that promise to bring a whole new world of functionality to drivers through natural conversation. These new voice generative AI functionalities include being able to place food orders and complete other transactions hands-free from the car dashboard, using the assistant instead of a car manual to better understand and operate car features and address maintenance issues, and even using the in-vehicle voice assistant to summarize text or email threads to aid productivity on-the-go. Key findings: Sophisticated AI-powered voice assistants promise to help drivers and passengers unlock existing vehicle features using only speech, as well as introducing a whole range of new and enhanced capabilities that bring new levels of convenience, practicality, and entertainment to the car. The report also found that nearly 2 in 5 U.S. drivers currently find car features too complicated, with 50% finding common applications like GPS navigation difficult and frustrating. How do users make the most of voice generative AI capabilities? The study tested ideas for new and enhanced in-vehicle features for drivers, including: "This survey data is consistent with what we've been seeing from real drivers using voice generative AI out on the road. Over the last 12 months of deployment, it's become clear that those early users really see the value," said Mike Zagorsek, COO and Automotive lead at SoundHound AI. "In some cases, we've seen voice assistant usage increasing five-fold compared to a traditional vehicle voice assistant. This tells us that AI-powered technology is making a significant impact and is here to stay." Last year, SoundHound was the first AI company in the world to launch a vehicle assistant with generative AI capabilities. The software is now in production with a range of automakers globally in multiple languages, with the assistant processing multiple millions of queries in the last 12 months. The company commissioned this new survey from Big Village as part of a strategic program undertaken with Vivaldi to unlock new use cases for the voice generative AI technology and drive value for both OEMs and drivers. Learn more about SoundHound AI Automotive solutions visit www.soundhound.com/voice-ai-solutions/automotive/. About SoundHound AI SoundHound (Nasdaq: SOUN), a global leader in conversational intelligence, offers voice and conversational AI solutions that let businesses offer incredible experiences to their customers. Built on proprietary technology, SoundHound's voice AI delivers best-in-class speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants via groundbreaking AI-driven products like Smart Answering, Smart Ordering, Dynamic Drive Thru, and Amelia AI Agents. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses. About Big Village This survey was conducted from September 5-23, 2024 among 1136 regular drivers aged 21-65 in the United States, who primarily drive cars from model year 2018 or newer. Big Village Insights is a global research and analytics business uncovering not just the 'what' but the 'why' behind customer behavior, supporting clients' insights needs with agile tools, CX research, branding, product innovation, data & analytics, and more. Big Village Insights is part of Bright Mountain Media. Find out more at https://big-village.com/.

Research Finds 79% Of Drivers Across Europe Would Use Voice Generative AI Capabilities In Their Vehicles

SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the results of an independent survey of car owners in the UK, France, and Germany, which found that the vast majority of regular drivers - nearly 4 in 5 - are likely to use a voice assistant with voice generative AI capabilities if available. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022883825/en/ While most of the drivers surveyed have current access to an in-vehicle voice assistant (78% in the UK, 77% in Germany, 65% in France) -- with the majority of those with access using it at least weekly -- until now the use cases for these assistants have been relatively contained to in-vehicle controls, navigation, and calls. Now, new research reveals that European drivers in the countries surveyed are ready for supercharged assistants with new AI-powered capabilities that promise to bring a whole new world of functionality to drivers through natural conversation. These new voice generative AI functionalities include being able to place food orders and complete other transactions hands-free from the car dashboard, using the assistant instead of a car manual to better understand and operate car features and address maintenance issues, and even using the in-vehicle voice assistant to summarize text or email threads to aid productivity on-the-go. Key findings: Sophisticated AI-powered voice assistants promise to help drivers and passengers unlock existing vehicle features using only speech, as well as introducing a whole range of new and enhanced capabilities that bring new levels of convenience, practicality, and entertainment to the car. The report also found that as many as 2 in 5 drivers currently find car features too complicated, with 50% finding common applications like GPS navigation difficult and frustrating. How can users make the most of voice generative AI capabilities? The study tested ideas for new and enhanced in-vehicle features for drivers, including: "This survey data is consistent with what we've been seeing from real drivers using voice generative AI out on the road. Over the last 12 months of deployment, it's become clear that those early users really see the value," said Mike Zagorsek, COO and Automotive lead at SoundHound AI. "In some cases, we've seen voice assistant usage increasing five fold compared to a traditional vehicle voice assistant. That tells us that AI-powered technology is making a significant impact and is here to stay." Last year, SoundHound was the first AI company in the world to launch a vehicle assistant with generative AI capabilities. The software is now in production with a range of automakers globally in multiple languages, with the assistant processing multiple millions of queries in the last 12 months. The company commissioned this new survey from Big Village as part of a strategic program undertaken with Vivaldi to unlock new use cases for the voice generative AI technology and drive value for both OEMs and drivers. Learn more about SoundHound AI Automotive solutions visit www.soundhound.com/voice-ai-solutions/automotive/. About SoundHound AI SoundHound (Nasdaq: SOUN), a global leader in conversational intelligence, offers voice and conversational AI solutions that let businesses offer incredible experiences to their customers. Built on proprietary technology, SoundHound's voice AI delivers best-in-class speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants via groundbreaking AI-driven products like Smart Answering, Smart Ordering, Dynamic Drive Thru, and Amelia AI Agents. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses. About Big Village This survey was conducted from September 5-11, 2024 among regular drivers aged 21-65 in France (n=403), Germany (n=400), and the United Kingdom (n=405), who primarily drive cars from model year 2018 or newer. Big Village Insights is a global research and analytics business uncovering not just the 'what' but the 'why' behind customer behavior, supporting clients' insights needs with agile tools, CX research, branding, product innovation, data & analytics, and more. Big Village Insights is part of Bright Mountain Media. Find out more at https://big-village.com/.

EXCLUSIVE: SoundHound AI Wants To 'Voice-Enable The World' For Effortless Conversations Between People, Products - SoundHound AI (NASDAQ:SOUN)

The company's COO shares the use cases and how the company is helping the automotive sector during an exclusive interview. With partnerships in the automotive space, SoundHound AI SOUN is using artificial intelligence to help consumers better connect to their vehicles and help car companies profit from transactions. SoundHound Unlocks AI Opportunities: SoundHound AI has partnerships with automotive companies like Hyundai and Stellantis N.V. STLA, making the sector one of the most important for the growing artificial intelligence company founded in 2005. "Automotive is something that we love," SoundHound AI COO Mike Zagorsek told Benzinga in an exclusive in-person interview in Detroit, Michigan. SoundHound was in town taking part in an automotive conference where it demonstrated its technology to consumers and automotive executives. "Automotives are rapidly pivoting." Zagorsek said that the automotive sector is undergoing significant disruption, with technology now taking center stage and the applications of AI rapidly expanding. Using technology from SoundHound AI, automotive companies will be able to offer ways for consumers to have deeper conversations with their vehicles, order food, be more productive, and plan trips, Zagorsek added. "We think voice is really the killer app." The SoundHound AI executive said one way the company will help automakers is with monetization opportunities, giving an example of a person in a vehicle asking for directions to Comerica Park, where the Detroit Tigers play, and later asking for tickets to Detroit sporting events. Zagorsek said if the person in the vehicle reserves tickets, it can be a monetization event for the automaker. "We think voice unlocks all of that." Automakers can also offer subscriptions to connected services, which can include the voice features SoundHound offers, Zagorsek said. While SoundHound's focus this week is automotive, the company offers voice AI services across several sectors, including working with restaurants and enterprises. "We are a voice and conversational AI company. We want to voice-enable the world." Zagorsek said the company wants to enable people to interact with products in the same natural way they communicate with each other. "We can cover every part of the business." Read Also: SoundHound AI Q2 Earnings: Revenue Beat, EPS Beat, Raised Guidance On 'Strong Customer Momentum' What's Next: Zagorsek said the acceleration from generative AI will continue to expand, with many companies being born today in the sector and companies embracing the technology. "It feels like a category platform shift," Zagorsek said. He added that there will be big winners in the space with NVIDIA Corporation NVDA, who is an investor in SoundHound, the standout on the technology side of the AI sector. "AI is data hungry," Zagorsek said, emphasizing that SoundHound is focused on being part of the segment of companies actively applying AI technology and bringing it to market. "That's the space people are increasingly leaning into." Zagorsek said SoundHound is an AI developer that targets vertical markets and solves problems for them. "This is where we will see a lot of growth." SOUN Price Action: SoundHound AI stock is down 1.5% to $5.30 on Tuesday, versus a 52-week trading range of $1.49 to $10.25. SoundHound stock is up 153% year-to-date in 2024. Read Next: EXCLUSIVE: 'Restaurants Are To SoundHound AI What Books Were To Amazon,' CEO Tells Benzinga Photo courtesy of Benzinga YouTube. Market News and Data brought to you by Benzinga APIs