Microsoft is in advanced talks to buy AI speech recognition company Nuance Communications, according to Bloomberg sources.
The deal being mooted places a value
on Nuance of approx $56 a share, giving
Nuance a value of about $16 billion.
Nuance
provides audio recognition and transcription tools including Dragon
speech-recognition software. It was founded in 1992,
and has over 7,000 employees.
Microsoft and Nuance
have collaborated since 2019 on technologies such as
allowing doctors to capture voice conversations from patient
visits and enter the data into electronic medical records.