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Core News Facts
IonQ (NYSE: IONQ) generated $28.3 million in revenue in the first half of 2023 but reported negative free cash flow of $89 million. The company is focused on reducing errors in quantum computing by using trapped-ion technology and Clifford Noise Reduction software. Its advancements, including the ability to convert photons for telecom use, aim to facilitate future quantum networking.
SoundHound AI (NASDAQ: SOUN) reported a 217% year-over-year revenue increase, reaching $42.7 million in its latest quarter. The company is transitioning 15 major clients to its new Amelia 7.0 platform, focusing on voice-first AI technology that allows natural interaction and task execution. Management aims for adjusted EBITDA profitability by the end of 2025.
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