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(Photo by Cavan Images\Getty Images) Microsoft is acquiring Nuance Communications in an all-cash transaction valued at $19.7 billion, inclusive of Nuance's net debt. The transaction is intended to close this year. Nuance is a cloud and software provider of conversational AI and cloud-based ambient clinical intelligence for healthcare systems. Nuance's products include the Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting, all leading clinical speech recognition SaaS offerings built on Microsoft Azure. Nuance's solutions work with electronic health reco...

Washington, DC-headquartered technology giant Microsoft has agreed to acquire speech recognition and artificial intelligence company Nuance.

Microsoft buys Nuance for US$19.7B in bet on health care Dina Bass and Liana Baker, Bloomberg News Microsoft acquires Nuance Communications for US$19.7B VIDEO SIGN OUT Microsoft Corp. is buying speech-recognition pioneer Nuance Communications Inc. in an all-cash deal valued at US$19.6 billion, gaining artificial-intelligence technology aimed at helping doctors predict patients’ needs and upgrading hospitals’ digital record-keeping. The software giant is offering to purchase Nuance at US$56 a share, a 23 per cent premium to Friday’s close, according to a statement Monday...

At USD 16 billion, Nuance would be Microsoft's second largest acquisition after LinkedIn that the company bought in 2016 for USD 27 billion.

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/microsoft-to-buy-ai/"></div>By Chavi Mehta and Krystal Hu (Reuters) – Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion, as it builds out its cloud strategy for healthcare and enterprise customers. The deal comes after the companies partnered in 2019 to automate clinical administrative work […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advan...