Shares of Soundhound AI (NASDAQ:SOUN) shot up 11% midday Monday amid reports that Chinese e-commerce giant Alibaba (BABA) plans to launch its own AI-powered chatbot later this month. Soundhound shares opened at $2.84, slipping to a low of $2.66 in early trading before jumping to a high of $3.16 in late morning. The stock recently changed hands at $3.14 at approximately 11:45 p.m. ET. The developer of AI-powered communication technology didn't appear to release any news or make any SEC filings on Monday. Based in Santa Clara, Calif., SoundHound went public in April following a merger with SPAC Archimedes Tech....