[ad_1]
New York: Microsoft has closed on its roughly $16 billion acquisition of speech recognition firm Nuance.
The deal, which was introduced final yr, helps Microsoft get extra entrenched into hospitals and the well being care trade via Nuance’s broadly used medical dictation and transcription instruments.
Nuance Communications Inc. has been a pioneer in voice-based synthetic intelligence expertise and was instrumental in serving to to energy Apple’s digital assistant Siri. The Burlington, Massachusetts-based firm has since shifted its focus to well being care.
“This highly effective mixture will assist suppliers supply extra reasonably priced, efficient and accessible healthcare, and assist organizations in each trade create extra customized and significant buyer experiences,” Scott Guthrie, government vice chairman of the Cloud + AI Group at Microsoft, stated in a press release on Friday.
The transaction has been beneath scrutiny by British antitrust regulators, who opened up an investigation into the deal in December due to considerations that it may end in a “substantial lessening of competitors” within the U.Ok. market.
Microsoft continued to buy this yr, in January introduced that it could spend $70 billion to amass online game maker Activision Blizzard.
Mark Benjamin will proceed to function CEO of Nuance, Burlington, Massachusetts, and report back to Guthrie.
Shares of Microsoft, based mostly in Redmond, Washington, declined barely amid a broader market sell-off Friday.
[ad_2]
Source link
