Microsoft, in 2016, had purchased LinkedIn for $26 billion, which still remains to be its biggest acquisition. Now, Microsoft has purchased AI speech tech company, Nuance, for $19.7 billion, making it Microsoft’s second biggest acquisition.
Nuance is an American Multinational company that provides services of speech recognition and artificial intelligence. It is mostly known for its Dragon software that helps transcribe speech. Its accuracy keeps getting better and better with time.
Microsoft may use their technology with their software Teams or for its Azure cloud business. “By augmenting the Microsoft Cloud for Healthcare with Nuance’s solutions, as well as the benefit of Nuance’s expertise and relationships with EHR systems providers, will be better able to empower healthcare providers through the power of ambient clinical intelligence and other Microsoft cloud services,” sai in a blog post.
“Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI,” said CEO Satya Nadella. “AI is technology’s most important priority, and healthcare is its most urgent application. Together, with our partner ecosystem, we will put advanced AI solutions into the hands of professionals everywhere to drive better decision-making and create more meaningful connections, as we accelerate growth of Microsoft Cloud in Healthcare and Nuance, “he added.
Lately, the company has been into acquiring businesses. Last year, they had almost bought TikTok and recently they acquired ZeniMax for $7.5 billion.