SoundHound AI (SOUN) posted second quarter earnings after the market close on Thursday, revealing it beat revenue expectations with $13.5 million versus an expected $13.1 million, an increase of 54% year-over-year.

SoundHound AI Co-Founder & CEO Keyvan Mohajer joins Asking For A Trend to discuss the company's earnings report.

Mohajer discusses the recent purchase of another AI-based company: "We bought an amazing company. We announced it this morning. It's called Amelia, they specialize in conversational AI for customer service...And they are in different verticals that we wanted to go after. That's a big part of our business, it's a big part of our growth".

He follows up with: "We are now able to go into verticals that we wanted to go to, and that path is now accelerated. Now we were in restaurants, we were supporting smaller businesses, but now we are in healthcare. We are in financial services, insurance, hospitality and retail."

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This post was written by Nicholas Jacobino