It is done. Microsoft announced on March 4 that it had completed the acquisition of Nuance, a 30-year-old voice recognition specialist. The operation is valued at 19.7 billion dollars and should allow the American giant to develop numerous strategic positions.
The procedure started in April 2021. Satya Nadella, CEO of Microsoft, then recalled the importance of artificial intelligence for professionals, specifically in health, in the midst of the covid-19 pandemic. However, such a rapprochement could not pass under the radar of international bodies. It was only at the end of the year that the European Commission gave the green light for Nuance to go under the Microsoft flag. However, the United Kingdom had expressed some reservations at the same time, asking for an investigation. The latter is now complete and the British antitrust body has given its approval.
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The Burlington, Massachusetts-based company is known for developing medical dictation and transcription solutions. Nuance’s AI technologies also brought Apple’s voice assistant Siri to life.
Microsoft already intends to associate its Azure branded cloud services with those of Nuance. ” This powerful combination will help providers deliver more affordable, efficient and accessible healthcare, and businesses across all industries create more personalized and meaningful customer experiences.” at developed Scott Guthrie, head of Microsoft’s AI and cloud division. The latter will therefore collaborate with Mark Benjamin, current CEO of Nuance who will retain his place in the company.