5 Things To Know About Microsoft’s Acquisition Of Nuance
Microsoft is grabbing headlines across the world today as the software and public cloud giant unveils plans to acquire voice recognition and artificial intelligence standout Nuance for a whopping $19.7 billion.
There are several major implications to Microsoft’s acquisition of the Burlington, Mass.-based company relating to AI and the broader healthcare market where Nuance has been a major player in for well over a decade. Microsoft’s plans for Nuance are bold with hopes to elevate everything from Microsoft Azure cloud services to potentially doubling its total addressable market in the massive healthcare industry.
Nuance also has a long history with Apple, which used Nuance’s technology in its Siri virtual assistant and speech recognition capabilities. There were also reports over the years that Apple could acquire Nuance.