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SWAYNE B HALL

Microsoft to buy AI and speech technology firm Nuance for $16bn

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.

theguardian.com ,  2m 0
Microsoft to buy AI and speech technology firm Nuance for $16bn

Microsoft buying speech recognition company Nuance in deal worth £11.6bn

Microsoft is buying speech recognition company Nuance in a deal worth about 16 billion US dollars (£11.6 billion).It will pay 56.00 dollars (£36.31) per share cash, a 23% premium on Nuance’s Friday closing price.The companies value the transaction at 19.7 billion dollars (£14.3 billion), including debt.

thecourier.co.uk ,  2m 0
Microsoft buying speech recognition company Nuance in deal worth £11.6bn