Microsoft has agreed to buy voice recognition pioneer Nuance Communications in an all cash transaction that gives the company an equity value of $16bn.
The deal, the second-largest acquisition by Microsoft, comes almost two years after the two companies partnered to roll out artificial intelligence systems that help doctors with administrative tasks.
Nuance, based in Burlington, Massachusetts, was one of the early developers of speech recognition AI. Its technology was used to power the voice responses in Apple’s virtual assistant, Siri.
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