The AI market is merging into an underlying infrastructure of the digital era. Built upon hardware and software solutions with cloud-based integration, AI tech is spread across computer vision, natural language processing, machine learning, and generative AI.
Harnessing voice generation and recognition, the SoundHound app can pick up on humming to identify songs. This led to partnerships with Honda . Although still yielding negative earnings per share, SoundHound beat the last Q4 ‘23 estimate of $0.05 by $0.06. In February, Q1 FY24 earnings, Symbotic reported a net loss of $12.9 million, an improvement of 81% from the net loss of $67.9 million in the year-ago quarter of 2022. Likewise, the company’s gross profit margin increased from 17.3% to 20% over that period.
Both require superior video compression to scale up and reduce costs, offered by the emerging video format AV1. Although Beamr did not develop AV1, the company collaborated with Nvidia to accelerate its adoption.
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