AI may be getting hyped as the next billion dollar opportunity these days after that mega round for OpenAI from Microsoft, but that rising tide is not lifting all boats. SoundHound — the voice AI company — earlier this month laid off 40% of its staff and as a follow up, today announced that it had raised $25 million in equity to shore up its position in the market.
Source: SoundHound, the voice AI company, raises $25M after laying off 40% of staff earlier this month