Microsoft announced the acquisition of Nuance, an American company specializing in speech recognition via Artificial Intelligence (AI).
The deal will be completed for $19.7 billion, equivalent to €16.5 billion. This acquisition is the second-largest in the history of Redmond’s technology and is second only to the purchase of LinkedIn in 2016 for 26 billion dollars (about 21.8 billion euros).
Nuance is best known for Dragon, a software that makes use of ‘deep learning’ technology to transcribe oral speech and is the basis of some digital assistants on the market – such as Apple’s Siri.
AI is technology’s most important priority, and healthcare is its most urgent application. Together with @NuanceInc, we will put advanced AI solutions into the hands of professionals to drive better decision-making and create more meaningful connections. https://t.co/ipdP6qZTx9
— Satya Nadella (@satyanadella) April 12, 2021