The Brilliant Reason Microsoft Just Spent $20 Billion on a Company You've Never Heard Of

Buying Nuance is a boon to the company’s cloud business, especially in one of the fastest-growing industries.

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Microsoft’s acquisition of Nuance tells us a lot about its AI strategy

Microsoft’s recent shopping spree reached a new climax this week with the announcement of the $19.7-billion acquisition of Nuance, a company that provides speech recognition and conversational AI services. Nuance is best known for its deep learning voice transcription service, which is very popular in the healthcare sector. The two companies had already been working closely before the acquisition. Nuance had built several of its products on top of Microsoft’s Azure cloud. And Microsoft had been using Nuance’s Dragon service in its Cloud for Healthcare solution, launched last year in the midst of the pandemic. The acquisition is Microsoft’s biggest since the $26-billion…This story continues at The Next WebOr just read more coverage about: Microsoft

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