SoundHound AI Inc's stock soared 5.05% during intraday trading on Thursday.
The surge follows the company's announcement of establishing a new state-of-the-art innovation hub in Bengaluru, India, to accelerate its global agentic AI expansion. The new office strengthens SoundHound's global engineering capabilities to scale intelligent AI agents worldwide, positioning the company at the center of India's rapidly accelerating AI economy.
CEO Keyvan Mohajer stated that Bengaluru is a global magnet for world-class AI talent, and the new hub represents an innovation center where the future of human-to-AI interaction is being built.