Microsoft Acquires Voice Recognition Pioneer Nuance Communications

As rumored, Microsoft has announced the acquisition of Nuance Communications, the speech-to-text and voice recognition pioneer, for US$19.7 billion - the second-largest acquisition in Microsoft’s history. Microsoft apparently recognized the value of Nuance's efforts in healthcare, financial services, telco, retail, travel, and government applications, and recent investments in conversational AI. How will Microsoft leverage the company's products and technologies is certainly more related to his efforts in those very same verticals and synergy with its Office and Business software suites, than any effort to revive Cortana.