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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.

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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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