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Microsoft buys AI speech tech company Nuance for $19.7 billion

Microsoft has agreed to purchase speech recognition and artificial intelligence specialist Nuance in a bid to strengthen its cloud and AI-based healthcare business. Microsoft said the all-cash deal is valued at $19.7 billion, or $56 per share – representing a 23 percent premium over Nuance’s most recent closing price. Once complete, it’ll be Microsoft’s second-largest […]