AI-driven Smart Answering service responds to customer queries via voice or SMS
SANTA CLARA, Calif., August 29, 2023–(BUSINESS WIRE)–SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced it is joining forces with ChowNow, the leading online ordering and marketing platform designed to support independent restaurants, to enable restaurants to answer and respond to every inbound customer call.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230829760942/en/
SoundHound Joins Forces With ChowNow To Ensure Restaurants Never Miss A Call (Graphic: Business Wire)
Using SoundHound’s new Smart Answering service, all restaurants on ChowNow will now have the option to add a new capability that lets them handle inbound customer queries via a voice assistant or SMS, meaning they won’t have to choose between answering the phone and serving in-house customers.
Built on SoundHound’s powerful voice AI platform, the Smart Answering system seamlessly uploads and assimilates company website information. It then uses SoundHound’s advanced speech recognition and natural language understanding – leveraging Generative AI – to give tailored, conversational responses to customer phone queries about menu items, opening hours, and other frequently asked questions.
If customers want to place an order, Smart Answering will send them an SMS that routes them to the restaurant’s ChowNow ordering page where they can make their selections – allowing busy restaurant staff to focus during peak periods.
"When we say that we help independent restaurants, we mean more than simply saving them money. We’re helping them streamline operations, create more bandwidth, and ultimately, forge stronger connections with their customers," said Eric Jaffe, ChowNow Co-founder and COO. "What we love about SoundHound is how its technology helps achieve all of the above, giving restaurants an accessible, seamless way to increase their order volume so that they can dedicate their energy to building a better customer experience."
The fully-automated agent can also respond using custom answers or actions – responses that facilitate reservations and more by sending a relevant link via SMS, taking a message, or routing the call to a member of staff on another number. The service can also handle many calls at once and is available 24/7.
"Smart Answering was specifically developed to help restaurants go from coping to thriving when it comes to inbound calls," said James Hom, Chief Product Officer at SoundHound. "By joining forces with ChowNow, we can help make sure restaurants don’t have to let the phone ring out, and that they can capture critical revenue even during peak times when they can’t always pick-up."
SoundHound for Restaurants ordering and answering technology uses best-in-class voice AI, and is available across multiple channels. Smart Answering and Smart Ordering capabilities also help businesses cater to the evolving preferences of consumers, who increasingly prefer customer service to be automated across channels.
About SoundHound
SoundHound (Nasdaq: SOUN), a global leader in conversational intelligence, offers voice AI solutions that let businesses offer incredible conversational experiences to their customers. Built on proprietary technology, SoundHound’s voice AI delivers best-in-class speed and accuracy in numerous languages to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction™, a real-time, multimodal customer service interface. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses.
About ChowNow
ChowNow helps independent restaurants thrive by connecting diners to an honest ordering solution that supports local businesses. Their platform helps more than 20,000 local restaurants across North America sustainably grow their delivery and takeout business with streamlined online ordering technology, data insights and marketing services, all with zero commissions for restaurants and no hidden fees for diners. In 2021, ChowNow created the Diner Impact Score, a personalized dollar amount that shows customers how much they’ve saved restaurants by ordering through ChowNow’s commission-free app. Founded in 2012, ChowNow has processed more than 200 million online orders and saved restaurants $640 million in commission fees. For more information, visit chownow.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230829760942/en/
Contacts
Fiona McEvoy
415-610-6590
[email protected]
Charlie Munger of Berkshire Hathaway told CNBC just weeks ago that he would no longer bother with the bucket-list item in his old age.
When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?
Charlie Munger, the longtime business partner of Warren Buffett, said he lived in the same house for decades because he thought it'd be better for his kids.
Many older Americans are missing out on valuable tax breaks offered by the IRS, leaving behind savings that could make a difference for their financial well-being. “The reason this is happening is because the tax code is complicated, and rules on tax exemptions are constantly changing,” says Tom O’Saben, director of tax content and government relations at the National Association of Tax Professionals in Washington, D.C. “This makes it hard for the average taxpayer to know about the array of tax breaks available to them.” Together, these changes have brought new tax breaks, diminished the use of others, and otherwise muddled the tax-filing process.
Home prices will fall in 2024 for the first time in more than a decade, according to one industry forecaster—but declines won’t be uniform. Sales will remain low; the supply of available homes for sale will continue to slide; and mortgage rates will average 6.8% in the new year, according to Realtor.com’s forecast published on Wednesday. The median home sale price will fall 1.7% next year after eking out an anticipated 0.2% gain in 2023, according to the forecast.
There’s still plenty of yield in the stock market even with the recent rally that has resulted in a 19% year-to-date gain in the this year. Plenty of stocks have been left behind and many carry outsize yields of 6% or more—including a total of about 40 in the S&P 500 and S&P MidCap 400 indexes, according to data from S&P Dow Jones Indices. For Boston Properties and Healthpeak Properties, we are using funds from operations, a cash-flow measure used by real estate investment trusts, rather than earnings per share, which is lower for both companies.
Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake in the company. The Berkshire claim in a counter lawsuit filed this week comes after the Haslam family — which includes Cleveland Browns owner Jimmy Haslam and former Tennessee governor Bill Haslam — accused Berkshire of trying to understate Pilot’s earnings this year by changing its accounting practices.
Michael Howells, president of the Workforce Skills division at Pearson, said GenZ are prepared for changes their senior counterparts may not be.
(Bloomberg) — Two days after Sam Altman reached an agreement with OpenAI to return as its chief executive, he spent part of his Thanksgiving with Adam D’Angelo, one of the company’s board members who had fired him the week prior.Their hours-long meeting, which Altman called “really nice,” highlights D’Angelo’s unique role in a corporate drama that has captivated Silicon Valley — and the importance of their relationship in restoring some stability at the world’s best-known artificial intelligenc
ImmunoGen stock was soaring Thursday following an announcement that biopharmaceutical company AbbVie has agreed to buy the cancer treatment developer for $10.1 billion. Under the terms of the sale agreement, AbbVie will acquire all outstanding shares of ImmunoGen for $31.26 a share. The transaction is subject to shareholder and regulatory approval.
Charlie Munger, a name synonymous with investment brilliance and a cornerstone in building one of the greatest fortunes in U.S. history, died Tuesday at age 99. While he may not have been a household name like his legendary partner Warren Buffett, Munger was a legend in the investment world in his own right. His approach to success was rooted in deceptively simple principles: taking simple ideas seriously, loading up on the few insights you have and maintaining a long-term investment view. This
Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don't find a way to make money while you sleep, you will work until you die." Don't Miss: Elon Musk has
Hope you didn't bail out of S&P 500 stocks after three-straight months of losses. November turned into a big moneymaker.
Rental property ownership has its benefits, but selling can create a big tax hit. Thankfully, there are ways to reduce capital gains exposure.
The inflation print could help determine whether the Fed might cut interest rates sooner than many think.
Rates on 30-year mortgages fell Tuesday, lowering the average to just a basis point above its recent 2-month low. Rates on most other loan types were down as well.
Synopsys' (SNPS) fourth-quarter results reflect the benefits of the solid demand for its products amid the rapid adoption of generative AI technology.
(Bloomberg) — Mark Cuban has a knack for selling at the top. Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Henry Kissinger, Secretary of State in 1970s Crises, Dies at 100These Are the World's Most Expensive Cities to Live In Right NowBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterTake the radio-streaming website he founded, Broadcast.com. It sold to Yahoo! Inc. for billions less t
The mean of analysts' price targets for Anavex Life Sciences (AVXL) points to a 468.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
For some of the millions of investors who hold mutual funds in taxable accounts, there may be an unwelcome surprise in their year-end fund statement: a large capital-gains distribution. If a mutual fund is held in a tax-deferred account, such as a traditional individual retirement account or a 401(k), the distribution may not be subject to tax until the fund shares are sold. As investors pulled money from actively managed mutual funds for much of this year, continuing a trend favoring passive index funds, many fund managers were forced to sell winning holdings to meet redemptions.