AI voice technology "unicorn" SoundHound AI spent $80 million to acquire Amelia AI
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SoundHound AI announced the acquisition of artificial intelligence startup Amelia AI for $80 million, expecting to increase revenue in the second half of next year. The combined company's revenue will exceed $150 million. After the transaction, the combined company will have approximately $160 million in cash and $39 million in debt. The CEO of SoundHound expressed anticipation to leverage the capabilities of both parties to provide the best artificial intelligence customer support solutions. SoundHound's stock price fell nearly 5% after hours
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