Microsoft Buys AI Speech Tech Company Nuance

19 April 2021 Current Affairs:Microsoft has made its second-biggest acquisition after LinkedIn. The tech large has offered AI speech tech company Nuance for $19.7 billion. The go will help Microsoft’s prowess in voice focus and will supply it a improve in the health care market. Nuance is acknowledged for its Dragon software which helps to transcribe speech using deep learning. In 2016, Microsoft had bought LinkedIn for $26 billion.

Highlights:
♦ The acquisition will combine options and know-how to supply new cloud and AI capabilities across healthcare and other industries, and characterize the contemporary step in Microsoft’s industry-specific cloud strategy.
♦ Nuance presents the AI layer at the healthcare point of shipping and is a pioneer in the real-world software of employer AI.
♦ Nuance’s merchandise includes a couple of clinical speech consciousness software as a carrier (SaaS) choice constructed on Microsoft Azure. The firm’s options work with core healthcare systems, and are presently used in 77% of U.S. hospitals.
♦ CEO of Microsoft is Satya Nadella, Microsoft’s Headquarters is positioned in Redmond, Washington, United States. CEO of Nuance is Mark D. Benjamin. Nuance’s Headquarters: Massachusetts, United States. Nuance used to be centered in 1992 in, United States.
 

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