Microsoft to buy AI and speech technology firm Nuance for $16bn
by Staff and Reuters from Technology | The Guardian on (#5GG4N)
Deal comes as Microsoft builds up its cloud-computing operation for healthcare and business customers
Microsoft is to buy the artificial intelligence and speech technology firm Nuance Communications for about $16bn (12bn), as it builds up its cloud-computing operation for healthcare and business customers.
Nuance, known for pioneering speech technology and helping to launch Apple's virtual assistant, Siri, operates in 28 countries and reported revenues of $1.5bn in its last full financial year.
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