Microsoft has closed on its roughly $16 billion acquisition of speech recognition firm Nuance.
The deal, which was introduced final 12 months, helps Microsoft Corp. get extra entrenched into hospitals and the healthcare trade by Nuance’s broadly used medical dictation and transcription instruments.
The acquisition is Microsoft’s second-largest, after its $26 billion buy of profession networking service LinkedIn in 2016.
Nuance’s synthetic intelligence expertise helped energy Apple’s Siri digital voice assistant upon its launch on iPhones greater than a decade in the past. The Burlington-based firm has since shifted to concentrate on physicians and different tailor-made makes use of of its Dragon line of voice recognition instruments.
Microsoft introduced it was shopping for the corporate in April 2021 however confronted a setback in December when British antitrust regulators stated they have been opening an investigation into whether or not it may lead to a “substantial lessening of competition” within the U.Ok. market. The British company introduced it cleared that deal Wednesday.
Mark Benjamin will proceed to function CEO of Nuance and report back to Scott Guthrie, the top of Microsoft’s cloud computing and AI division.
Honda, Sony becoming a member of forces on electrical automobile
Two large names in Japanese electronics and autos are becoming a member of forces to provide an electrical automobile collectively.
Sony Group Corp. and Honda Motor Co. agreed to arrange a three way partnership this 12 months to start out promoting an electrical automobile by 2025, either side introduced.
The three way partnership will develop and design the product, however will use Honda’s plant for manufacturing. Sony, which makes the PlayStation video-game console and owns film and music companies, will develop the mobility companies platform.
Source: www.bostonherald.com”