Why Are Nvidia and Uber Backing This Tiny $400 Million Artificial Intelligence (AI) Company?

Stocks and Investing Stocks and Investing

Tue, December 10, 2024

[ Tue, Dec 10th 2024 ] - Seeking Alpha

Why Is Singapore Equity Attractive To Investors?

[ Tue, Dec 10th 2024 ] - AOL

Can You Invest in BlueSky Stock and Is It Worth It?

[ Tue, Dec 10th 2024 ] - Yahoo Finance

Shopify (SHOP) is a Great Momentum Stock: Should You Buy?

[ Tue, Dec 10th 2024 ] - The Motley Fool

3 Cruise Line Stocks to Buy Hand Over Fist in December

[ Tue, Dec 10th 2024 ] - The Motley Fool UK

Just released: December's higher-risk, high-reward stock recommendation [PREMIUM PICKS]

[ Tue, Dec 10th 2024 ] - The Motley Fool Canada

Earn $6,000 Tax-Free Annually With This TFSA Strategy

[ Tue, Dec 10th 2024 ] - The Daily Telegraph

This overlooked gem offers a fat yield while waiting for long-term growth

Mon, December 9, 2024

[ Mon, Dec 09th 2024 ] - Forbes

5 Best Undervalued Stocks To Buy In January 2025

[ Mon, Dec 09th 2024 ] - MSN

Why are Nvidia and Uber backing this $500 million artificial intelligence (AI) stock?

[ Mon, Dec 09th 2024 ] - MSN

Bernstein gives 2025 outlook on China internet stocks, upgrades JD.com

[ Mon, Dec 09th 2024 ] - MSN

Is NextEra Energy (NEE) the Best Wind Power and Solar Stock to Invest in Now?

[ Mon, Dec 09th 2024 ] - The Motley Fool

Despite Chewy's Q3 Earnings Miss, Here's Why I'd Still Buy It Before the End of 2024

[ Mon, Dec 09th 2024 ] - U.S. News & World Report

7 Best Monthly Dividend Stocks to Buy Now

[ Mon, Dec 09th 2024 ] - MSN

As the Pro Medicus share price drops 8%, should I buy more?

[ Mon, Dec 09th 2024 ] - Fidelity International

Top 10: what investment trusts did investors buy in November?

[ Mon, Dec 09th 2024 ] - The Globe and Mail

Is Super Micro Computer Set for a Comeback in 2025?

[ Mon, Dec 09th 2024 ] - Yahoo Finance

Why Epsilon Energy (EPSN) Is Among the Best Dividend Paying Debt Free Stocks to Invest in

[ Mon, Dec 09th 2024 ] - Business Insider

There are 3 reasons stocks are headed for a bear .. ket in the first half of 2025, research firm says

[ Mon, Dec 09th 2024 ] - MarketWatch

Stock Market Today: Dow ends 240 points lower as investors await this week's key inflation data

[ Mon, Dec 09th 2024 ] - The Motley Fool

3 Top Stocks to Buy This Holiday Season

[ Mon, Dec 09th 2024 ] - Yahoo Finance

Here's Why Halozyme Therapeutics (HALO) is a Strong Growth Stock

[ Mon, Dec 09th 2024 ] - MSN

The BHP share price is racing higher today. Here's why

[ Mon, Dec 09th 2024 ] - NBC Washington

Jim Cramer reviews companies that cracked $100 billion in 2024

[ Mon, Dec 09th 2024 ] - MSN

7 Best Vanguard Funds to Buy and Hold

[ Mon, Dec 09th 2024 ] - MSN

Treasury Wine share price jumps on big China news

[ Mon, Dec 09th 2024 ] - Reuters

Wall Street closes down as tech stocks fall

[ Mon, Dec 09th 2024 ] - Motley Fool Australia

IAG shares slip as insurer faces second class action

[ Mon, Dec 09th 2024 ] - 24/7 Wall St

Rivian (RIVN) Price Prediction and Forecast 2025-2030

[ Mon, Dec 09th 2024 ] - The Motley Fool

Will Nvidia Outshine Apple in Cash Flow Generation by 2025?

[ Mon, Dec 09th 2024 ] - The Motley Fool

Why Are Nvidia and Uber Backing This Tiny $400 Million Artificial Intelligence (AI) Company?

^{Published on 2024-12-09 18:41:14 - The Motley Fool}

Nvidia ( NVDA -1.81%) is the leading supplier of high-end graphics processing units (GPUs) for data centers, where they are used to power and train artificial intelligence (AI) applications. Uber Technologies ( UBER 1.32%) operates the world's largest ride-hailing platform and also the Uber Eats food-delivery service.

The article from The Motley Fool discusses the investment in a small AI company, SoundHound AI, by tech giants Nvidia and Uber. SoundHound AI, with a market cap of around $400 million, has developed voice AI technology that allows for natural language interactions, which has caught the attention of major players in the tech industry. Nvidia, a leader in AI and graphics processing, has invested in SoundHound, signaling strong confidence in its technology. Similarly, Uber has partnered with SoundHound to enhance its in-car voice ordering system, aiming to improve customer experience through advanced AI capabilities. This backing from industry leaders not only validates SoundHound's technology but also positions it for potential growth in the expanding AI market, despite its current small size and the competitive landscape.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/09/why-nvidia-uber-backing-tiny-400-million-ai-stock/ ]

Contributing Sources