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Microsoft acquires Nuance Communications for $20 billion - General Business - News

Microsoft has swooped in to buy up Massachusetts-based Nuance Communications Inc. The $20 billion deal is the second biggest by value in Microsoft s history, beaten only by Microsoft s acquisition of LinkedIn back in 2016. Nuance is best known for its speech recognition technology and has been in the HEXUS news several times with innovations in voice control of TVs, laptops, cars, and dictation software for PCs. However, I note that our last Nuance headlined report, back in 2014, concerned a possible buyout by Samsung.
In recent years computer/smart device voice recognition and dictation features have become quite commoditized and Nuance has adeptly refocuses its technological efforts to the healthcare / medical sector. Microsoft thinks Nuance will fit right in with its Microsoft Cloud for Healthcare, introduced in 2020. ....

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Microsoft Wants to Buy Speech Recognition AI Company Nuance Communications

Microsoft Wants to Buy Speech Recognition AI Company Nuance Communications
Posted on 04/11/2021
Microsoft Corporation is in negotiations to acquire Burlington, Massachusetts-based Nuance Communications, Inc. The price is estimated to be around US$ 14 billion to US$ 16 billion. Nuance is arguably the most advanced speech recognition company in the world. Nuance Communications is Apple Inc.’s Siri partner. Siri is a virtual assistant that is part of Apple Inc.’s iOS, iPadOS, watchOS, macOS, and tvOS operating systems. Siri is a spin-out from the SRI International Artificial Intelligence Center, and is an offshoot of the US Defense Advanced Research Projects Agency’s (DARPA)-funded CALO project. ....

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Billionaire Stan Druckenmiller's Top 10 Stock Picks

Billionaire Stan Druckenmiller’s Top 10 Stock Picks
In this article we take a look at billionaire Stan Druckenmiller’s top 10 stock picks. The billionaire is making waves as he recently revealed that he is long Bitcoin and considers the cryptocurrency a valuable asset class. You can skip our detailed discussion of Druckenmiller’s history, his hedge fund’s performance and go to
Stanley Freeman Druckenmiller is an American billionaire and hedge fund manager who founded Duquesne Capital in 1981. For 30 years the hedge fund posted excellent returns, but in 2010 the billionaire announced to shutter the fund citing “emotional toll” of not being able to come up to the high expectations of investors. At the time of closing, the hedge fund had $12 billion in managed securities. Druckenmiller’s hedge fund had posted average gains of 30% over two decades of its operations before it closed, an excellent record when compared to peers. In 2008, when most hedge funds suf ....

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Healthcare executive lists mansion in Belcaro for $4M

Healthcare executive lists mansion in Belcaro for $4M
Photos courtesy of The Behr Team)
Behind the private gates of Cedar Lane in Belcaro, a health executive’s 8,000-square-foot home has hit the market for nearly $4 million.
Earl H. Devanny III purchased the property at 2821 E. Cedar Ave., Unit 3, in 2018, for $3.25 million, according to property records.
Built in 2016 by Aurora-based Wiggs Custom Homes, this six-bedroom, six-bathroom property features a French-inspired design with a stone exterior, vaulted ceilings with wooden beams and a floor-to-ceiling stone fireplace.
The home features European-inspired finishes.
Devanny is CEO of TractManager, a company that helps hospitals with budgets and compliance. Prior to that, he was president of Massachusetts-based Nuance Communications and CEO of TriZetto Corp. ....

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