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Microsoft buying Nuance, speech recognition firm behind Siri, in $20 billion deal – ABC News
The acquisition will get Microsoft deeper into hospitals and the healthcare industry through Nuance’s widely used medical dictation and transcription tools.
Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $US16 billion ($20 billion).
Key points:
- Nuance has been a pioneer in voice-based artificial intelligence technology and was instrumental in helping to power Apples Siri
- Microsoft said this months deal would double its potential market in the healthcare provider industry
- The transaction is expected to close this year, but still needs approval from Nuance shareholders
The acquisition will get…
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