Microsoft Buys Speech Recognition Company Nuance for $19.7 Billion USD
Microsoft announced Monday it would buy Nuance Communications, a software company that focuses on speech recognition through artificial intelligence, in an all-cash transaction valued at $19.7 billion USD. Nuance is best known for its Dragon family of speech recognition software, which employs deep learning models to improve its speech transcription accuracy over time. Microsoft has been investing in industry-specific cloud...