SoundHound AI, Inc. (SOUN) is experiencing a surge in its stock price today following the announcement of a strategic partnership with Rekor Systems, Inc. This collaboration aims to revolutionize emergency vehicle technology by integrating SoundHound's advanced voice and conversational AI with Rekor's vehicle recognition software, Rekor Scout®. The partnership is set to enhance safety and operational efficiency for law enforcement and first responders by enabling hands-free operation of critical vehicle systems, such as automatic license plate recognition (ALPR), emergency light bars, and two-way radios. This initiative is expected to improve situational awareness and reduce distractions during high-pressure situations.
On Reddit, users are buzzing about the potential impact of this partnership. One user, a former EMT, expressed optimism, stating, "This technology agreement between Rekor and SH can be used by Medical Emergency professionals and it will make difficult jobs much easier." Another user highlighted the significance of the collaboration, noting, "Rekor stock is up 20% with the partnership," indicating positive market reception. The discussions reflect a mix of excitement and speculation, with some users anticipating further announcements and potential stock price increases.
SoundHound AI's stock is currently trading at $14.95, up 9.57% from the previous close of $13.64. The stock opened at $13.85 and has reached a high of $15.10 and a low of $13.40 so far today. Despite being early in the trading day, the volume has already reached 30,238,035 shares, representing 43.03% of the average daily volume of 70,266,848 shares.