- SoundHoundAI’s stock rose Tuesday, up 300% over the past month.
- This comes after closing 43% higher on Monday as Google released its Bard chatbot to take on rival ChatGPT.
- Meanwhile, other artificial intelligence stocks have cooled recently.
SoundHoundAI shares rose on Tuesday. Rise of ChatGPT It continues to stimulate investor interest in artificial intelligence stocks.
The stock rose 5% to $4.23 and closed 43% higher the day before. SoundHoundAI’s surge has seen its share price climb nearly 300% since Jan. 6 after going public through a special-purpose acquisition company last April.
Earlier Tuesday, SoundHound announced plans to add voice-enabled interaction capabilities to artificial intelligence applications like ChatGPT.
SoundHound specializes in voice-activated interfaces to automobiles and various other devices. The company has not specifically named ChatGPT as one of its potential future partnership clients.
Since ChatGPT launched in November, investor interest in artificial intelligence stocks has spurred an uptrend in both small and large caps.
The AI ​​hype gained even more steam when Google unveiled a rival platform named Bard on Monday, but Microsoft has slammed the door after investing billions in chatbot parent company OpenAI. We will be announcing ChatGPT on Tuesday.
The influx of investors in AI stocks has also reached China. Baidu shares surged on Tuesday after Chinese search leader Baidu said it planned to roll out its ChatGPT competitor, the ERNIE Bot, in March.
However, other stocks that have seen bull markets in recent weeks, such as BigBear.ai and C3.ai, have cooled somewhat. Similarly, Google’s announcement of his Bard did little to boost shares in parent company Alphabet on Monday.