{"id":41986,"date":"2021-04-12T10:04:00","date_gmt":"2021-04-12T10:04:00","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=5344b7b0876b4533dd95295f2e584fe6"},"modified":"2021-04-12T10:04:00","modified_gmt":"2021-04-12T10:04:00","slug":"microsoft-in-advanced-talks-to-buy-ai-firm-nuance-communications","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/microsoft-in-advanced-talks-to-buy-ai-firm-nuance-communications\/","title":{"rendered":"Microsoft in ‘advanced talks’ to buy AI firm Nuance Communications"},"content":{"rendered":"


\n Bobby Hellard<\/a><\/span>
\n <\/span><\/p>\n

\n
\n
12 Apr, 2021<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

\n<\/a><\/p>\n

\n

Microsoft is reportedly set to acquire artificial intelligence (AI<\/a>)\u00a0speech recognition firm Nuance Communications for an estimated $16 billion (\u00a311.6 billion)<\/p>\n

The two companies are currently in “advanced talks”, according to\u00a0Bloomberg<\/em><\/a>\u00a0sources, and\u00a0Nuance could be valued at around $56 per share if current negotiations hold.<\/p>\n

Microsoft is yet to\u00a0comment on the matter but reports suggest that an official announcement will be made sometime this week, possibly late on Monday.\u00a0<\/p>\n

<\/p>\n

\nNuance is an American AI firm based just outside of Boston that sells audio recognition and transcription tools. The company was founded in 1992, has over 7,000 employees and reported $346 million in fourth-quarter revenues. It’s thought that Microsoft is attempting to expand\u00a0via acquisitions, with an interest in Nuance’s work in healthcare, customer services and voicemail.\u00a0<\/p>\n

Microsoft and Nuance already have a professional relationship, collaborating on technologies that allow doctors to capture voice conversations and enter them into electronic medical records. AI and voice software is an area Microsoft has extensive expertise in already, with developer tools to enable transcription and functions to incorporate speech recognition into its products. Both Teams and the Bing search engine have some forms of speech recognition and audio transcription, for example.<\/p>\n

The tech giant is seemingly in takeover mode with a $7.5 billion deal for video game maker Zenimax completed last month and wide reports that it recently considered buying social media app\u00a0TikTok<\/a>. The firm was also said to be chasing an acquisition of gaming chat app\u00a0Discord<\/a>, for around $10 billion.\u00a0<\/p>\n

Both Discord and TikTok deals were thought to be more about the large volumes of users data that Microsoft would have access to if the acquisitions were successful. If the details around Nuance are correct, it would be Microsoft’s biggest acquisition since buying\u00a0LinkedIn in 2016<\/a>. The firm used data from the recruitment site to power other functions on platforms like Outlook and Teams.\u00a0 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Bobby Hellard<\/p>\n

12 Apr, 2021 <\/p>\n

Microsoft is reportedly set to acquire artificial intelligence (AI)\u00a0speech recognition firm Nuance Communications for an estimated $16 billion (\u00a311.6 billion)
\nThe two companies are currently in…<\/p>\n","protected":false},"author":403,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41986","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/403"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=41986"}],"version-history":[{"count":2,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41986\/revisions"}],"predecessor-version":[{"id":41988,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41986\/revisions\/41988"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=41986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=41986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=41986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}