Soundhound AI Soars: Texas DOT Deal Boosts Stocks!

Soundhound Ai, Inc. rose 1.31% in premarket trading, with Rekor Systems, Inc. being selected for a multi-year statewide contract by the Texas Department of Transportation (TxDOT). The award includes an eight-figure blanket purchase order for the implementation of Rekor Command®, an advanced incident management and situational awareness platform, to enhance traffic operations, reduce congestion, and improve roadway safety. This news is likely to have a positive impact on the stock price of Soundhound Ai, Inc. as it indicates a growing demand for AI and machine learning technologies in the transportation sector.