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Gadgets Now Bureau13 Apr, 2021, 08:30AM IST
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Microsoft has acquired speech recognition firm Nuance for close to $20 billion. The Satya Nadella-led tech giant made the announcement on April 12 and detailed what led to the acquisition and how it plans to use the company’s know-how and resources. Here is everything you need to know about Microsoft’s big acquisition:
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Microsoft has done an all-cash transaction valued at $19.7 billion to acquire Nuance, a speech recognition firm.
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This is Microsoft’s second-biggest acquisition after LinkedIn in 2016 when it had shelled out $26 billion
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Nuance’s best-known product is Dragon, a software that uses deep learning to transcribe speech. It also improves its accuracy by adapting to a particular user’s voice