SoundHound AI’s first quarter results were marked by substantial top-line growth, but the market responded negatively following the earnings announcement. Management highlighted increased demand for its AI and enterprise solutions, particularly in automotive and IoT, with CEO Keyvan Mohajer noting “our automotive and IoT AI business was up 88% year-over-year, excluding acquisitions.” The quarter was also shaped by non-recurring costs related to acquisitions, which affected margins. Management ac