SoundHound AI vs. Palantir Technologies

MT HANNACH
6 Min Read
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There are thousands of public contributions stocks, and dozens that could be considered Artificial Intelligence (AI) Stocks.

So, let’s move on through two of the most prominent AI actions to see which is the best AI action to buy at the moment.

A hand hovering over a graphic in holographic stock.
Image source: Getty Images.

First of all, let’s talk about Soundhound IA (Nasdaq: Soun).

Soundhound is an innovative AI company that develops Voice AI systems. They have many partnerships with automotiveRestaurant and health care providers.

As the tools fueled by AI become more widespread, users will become more comfortable with them, and a large part of the development of this level of comfort will speak to an AI system which is practically indistinguishable in a human voice.

Many now know the conversation with an AI chatbot in our cars, because they help us (in complete safety) to do more by driving. However, in the coming years, expect AI chatbots to arise in other contexts, such as retail, health care and finances, while organizations seek to stimulate the ‘Efficiency by reducing labor costs.

That said, Soundhound remains a young company; It has a lot of potential but has not yet provided fundamental principles.

During his last quarter (the three months ending on September 30, 2024), the company reported income from Only $ 25 million. Net losses amounted to nearly $ 22 million.

In other words, with Soundhound IA, it’s all about future. The company’s revenues increase by 89% from one year to the next, which shows the growing demand for technology of the voice.

However, given the meager income of the company and lack of Profitability, Soundhound AI shares are not a good choice for each investor or wallet.

Then there is Palantant Technologies (Nasdaq: PLTr).

Come on a direct thing from the start: Palantant has already arrived.

To date, Palantir has a market capitalization of $ 190 billion, making it the 48th American company. For the context, its market capitalization is now larger than Pfizer,, Conocophillips,, StarbucksAnd CitigroupTo name only a few.

Palantir shares have advanced 500% of 500% in the past three years.

Again, even with All this growth, Palantant remains a business with enormous potential. This is because it is one of the leaders in an emerging field of the exploitation of processes powered by AI.

In short, the exploitation of processes uses AI to find efficiency gains, improve workflows and improve customer satisfaction. It is like having a brilliant CEO and fueled in AI examining the data of an organization to discover where it can do things better, cheaper and faster.

In other words, it is something that each organization will be impatient to implement.

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