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Nippon Broadcasting System Inc. and Audioburst Join Forces on Future of Voice Search Technology and Listening Experience

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Global Deal Also Includes $3M Investment in Audioburst

Nippon Broadcasting System Inc. and Audioburst announced today a joint
partnership for supporting and building new future voice technology
products relying on Audioburst's AI-based voice search platform,
especially for the Japanese market. As part of the expanded partnership,
Nippon Broadcasting System Inc. has also invested $3M USD as part of
Audioburst's latest funding round led by Samsung Ventures, bringing the
round's total funding to $14.4M USD.

Audioburst is a voice search platform that harnesses the power of AI and
NLP (Natural Language Processing) to listen, understand, segment and
index millions of minutes of daily talk content from thousands of top
audio sources including radio, podcasts, and TV. Audioburst enables the
delivery of news and infotainment in a personalized, original voice and
screen-free way to consumers and businesses through partnerships with
creators, media platforms and consumer brands including Samsung, Harman,
and Bose.

"We are proud to partner with Audioburst and feel that there are
countless possibilities using its audio search technology to enable
users to discover the appeal not just of radio, but all forms of audio
content, in ways they could not previously," said Masayuki Iwasaki, CEO.
"We believe in harnessing the power of Audioburst's technology to
deliver the ultimate listening experience in new, personalized ways."

"We are excited to partner with the biggest Japanese broadcasting
network as part of our global mission to organize the world's audio
content. We chose Japan as our first destination outside of the US,
thanks to the great opportunity to collaborate with local automotive and
consumer electronics partners," said Amir Hirsh, Founder and CEO,
Audioburst. "This is just the beginning of our international expansion
to provide an innovative on-demand listening experience to consumers
around the world, where they can get the most relevant content on every
device."

About Audioburst:

Audioburst is a revolutionary AI-powered voice search platform that
connects listeners to audio content. With the mission of organizing the
world's audio content, every day, the Audioburst AI platform listens to,
understands, segments and indexes millions of minutes of audio content
from top radio stations and podcasts. Powered by advanced NLP technology
and a proprietary AI platform that indexes audio segments into
searchable "bursts" in real-time, Audioburst is introducing an entirely
new way for consumers and businesses to interact with live or recorded
audio content across platforms and devices. The Audioburst experience is
already available on several interfaces such as Audioburst
Search
, a new web and mobile-optimized search engine for finding,
discovering, consuming and sharing audio news. Additionally, developers
can access the Audioburst
API
to tap into the robust Audioburst Content Library and introduce
a more dynamic and personalized listening experience for users across
in-car infotainment systems, voice assistants, IoT gadgets, and
smartphones.

About Nippon Broadcasting System, Inc.:

Nippon Broadcasting System Inc. is the one of biggest commercial radio
stations in Japan and is well-known for its call sign, JOLF. In
addition, it plays a central role in the radio network called NRN
(National Radio Network) across the nation. Since its establishment in
1954, the company has produced a massive array of Japanese-language
programs including entertainment, sports, culture and news, headlined by
"All Night Nippon", one of the most popular and longest-running radio
talk shows in Japan which has been broadcast for the past 50 years.
Recently, Nippon Broadcasting System Inc. has placed a strong emphasis
on the "articleizing (or textualizing)" of its radio programs through
its web media like 1242.com
and allnightnippon.com
for attracting more non-radio listeners. The company has also been
proactively increasing its collaboration with and investment in
companies around the world which have unique ideas or competitive
technology, expanding its business interest year after year, going
beyond the limited radio industry to appeal to future listeners.

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