What will Microsoft do with Nuance now?10. June 2021
What will Microsoft do with Nuance now?
San Francisco, 10.6.2021
U.S. antitrust regulators have given their blessing to Microsoft’s $19.7 billion deal to acquire AI language technology company Nuance. The deadline for the U.S. government to object to the deal, which it did not do, has passed.
In a new filing with the U.S. Securities and Exchange Commission (SEC), Nuance said that the expiration of the deadline “satisfies” one of the conditions for the deal, which is expected to close by the end of this year – namely, that by the time the acquisition merger closes, Microsoft’s speech recognition and medical computing capabilities and offerings will be of a higher quality.
Microsoft reportedly plans to use Nuance’s technology – which includes the Dragon transcription tool – in its cloud-based healthcare products. Dragon uses Deep Learning to transcribe a person’s speech and improve accuracy by adapting to the voice. It can transcribe doctor visits, customer service calls and voicemails.
The acquisition could also allow Microsoft to integrate advanced speech recognition into services such as Teams and Bing to create transcripts, Bloomberg analysts said.
The deal, announced in April, would be Microsoft’s second-largest purchase after buying LinkedIn for $26 billion in 2016.