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SoundHound AI Launches OASYS Edge Embedded Architecture
SoundHound AI announced OASYS Edge, a new embedded architecture that brings LLM-powered voice AI agents to edge hardware. "Available for vehicles and smart devices, OASYS Edge provides users with proactive conversational AI assistance that runs seamlessly, regardless of connectivity," the company said.
LivePerson Shareholders Approve Transaction with SoundHound AI
LivePerson (LPSN) announced that its stockholders voted to approve the proposed transaction with SoundHound AI (SOUN) at the Company's Special Meeting of Stockholders. The transaction is expected to close on September 4, 2026, subject to the satisfaction or waiver of customary closing conditions.
LivePerson Board Urges Shareholders to Support Acquisition by SoundHound AI
LivePerson's (LPSN) Board of Directors has issued a formal letter urging stockholders to vote "FOR" the Company's pending acquisition by SoundHound AI (SOUN). A Special Meeting of Stockholders to vote on the merger is scheduled for August 20. The LivePerson Board of Directors unanimously recommended that stockholders vote "for" the transaction, and independent proxy advisory firms ISS and Glass Lewis support the Board's recommendation. The LivePerson board encourages stockholders to predicate their vote on the following facts: a vote "for" the transaction is a vote "in favor of exchanging shares at an attractive premium for shares in a company with a strong balance sheet and future potential upside"; a vote "against" the transaction, or no vote at all, "potentially exposes stockholders to the significant risks associated with continuing as a standalone company", including "the risks of continued slowing or degradation of LivePerson's business given commercial headwinds from the company's standalone financial profile, potential delisting from the Nasdaq, and potential inability to service or repay LivePerson's substantial debt and/or comply with debt-related financial covenants, which could eventually lead to reorganization, in which stockholders would in all likelihood receive no value for their shares". The transaction requires approval by the holders of a majority of all outstanding shares.
Stock Futures Mixed in After-Hours Trading
Stock futures were mixed in after-hours trading following Wednesday's mixed finish during the regular session. Investors continue to weigh new waves of corporate earnings against continued tensions in the Middle East.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -SiTimeup 33.9%SoundHoundup 21.8%Aevaup 18.9%Paycomup 15.1%ZoomInfoup 7%Motorola Solutionsup 5.2%Solventumup 3.4%DOWN AFTER EARNINGS -BillionToOnedown 27.6%HubSpotdown 19.7%UWM Holdingsdown 17.9%AppLovindown 16.5%Sunrundown 13.9%Western Digitaldown 10.9%Zillowdown 9.2%CF Industriesdown 6.1%Axon Enterprisesdown 5%ThredUpdown 1.8%
SoundHound AI Reports Q2 Revenue of $61.9M, Beating Expectations
Reports Q2 revenue $61.9M, consensus $52.39M. "Our exceptional Q2 results demonstrate the momentum SoundHound is building, achieving a strong revenue performance, disciplined cost management, and industry-leading platform validation," said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. "With our Q2 revenue now 10 times what it was when we debuted as a public company in Q2 2022, and enterprise demand for high-ROI voice and agentic AI accelerating globally, our OASYS platform and in-house model innovations position us to lead in the new era of enterprise automation."
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