The Taiwan Times
  • News
    • Asia
    • World
    • Opinion
  • Politics
  • Business
  • Technology
  • Entertainment
  • Sports
  • Health
    • COVID-19
  • Local Guides
    • Northern Taiwan
      • Keelung
      • Taipei
      • New Taipei
      • Taoyuan
      • Hsinchu
      • Miaoli
    • Central Taiwan
      • Taichung
      • Changhua
      • Yunlin
      • Nantou
    • Southern Taiwan
      • Chiayi
      • Tainan
      • Kaohsiung
      • Pingtung
    • Eastern Taiwan
      • Yilan
      • Hualien
      • Taitung
    • Outlying Islands
      • Kinmen
      • Penghu
The Taiwan Times The Taiwan Times
  • News
    • Asia
    • World
    • Opinion
  • Politics
  • Business
  • Technology
  • Entertainment
  • Sports
  • Health
    • COVID-19
  • Local Guides
    • Northern Taiwan
      • Keelung
      • Taipei
      • New Taipei
      • Taoyuan
      • Hsinchu
      • Miaoli
    • Central Taiwan
      • Taichung
      • Changhua
      • Yunlin
      • Nantou
    • Southern Taiwan
      • Chiayi
      • Tainan
      • Kaohsiung
      • Pingtung
    • Eastern Taiwan
      • Yilan
      • Hualien
      • Taitung
    • Outlying Islands
      • Kinmen
      • Penghu
FOLLOW US
0
0
0
  • Asia
  • Business
  • News
  • Technology

Microsoft Moves Deeper Into AI With $20 Bil Buyout

  • 2 minute read
Total
0
Shares
Share 0
Tweet 0
Pin it 0
Up next
Porsche Design Acer Book Wins Red Dot: Best Of The Best
    Published on 15 April 2021
    Author
    Guest Article
    Tags
    • AI,
    • Apple,
    • Artificial Intelligence,
    • LinkedIn,
    • Microsoft,
    • Nuance,
    • Siri,
    • tech,
    • tech news,
    • technology,
    • ZeniMax
    Share article
    The post has been shared by 0 people.
    Facebook 0
    Twitter 0
    Pinterest 0
    Mail 0
    Microsoft Corp has announced that it will buy artificial intelligence and speech technology company Nuance Communications Inc. in an all-cash deal valued at US$19.7 billion including net debt, as the company looks to strengthen its cloud strategy for healthcare.

    Microsoft is offering to purchase Nuance at $56 a share, a 23% premium to Friday’s close, according to a statement from the company.

    “NUANCE PROVIDES THE AI LAYER AT THE HEALTHCARE POINT OF DELIVERY… AI IS TECHNOLOGY’S MOST IMPORTANT PRIORITY, AND HEALTHCARE IS ITS MOST URGENT APPLICATION,” MICROSOFT CEO SATYA NADELLA WAS QUOTED IN THE STATEMENT.

    The companies had earlier formed a partnership in 2019, to automate clinical administrative work such as documentation; and this acquisition comes at a time when there is a boom in telehealth services as medical consultations shifted online due to COVID-19 pandemic.

    Microsoft has been working with Nuance for two years on AI software that helps clinicians capture patient discussions and integrate them into electronic health records, and combining the speech technology company’s products into its Teams chat app for telehealth appointments.

    The deal also follows Microsoft’s recent acquisition of gaming company ZeniMax Media, and reports of buyout interests in messaging platform Discord, which also allows live audio events

    A deal for Nuance would be Microsoft’s second-biggest, after its $26.2 billion acquisition of LinkedIn in 2016.

    The transaction is expected to close this year.

    Mark Benjamin will remain the chief executive officer of Nuance and will report to Scott Guthrie, executive vice president of Cloud & AI at Microsoft, the company said.

    “Over the past three years, Nuance has streamlined its portfolio to focus on the healthcare and enterprise AI segments, where there has been accelerated demand for advanced conversational AI and ambient solutions,” Nuance CEO Mark Benjamin was quoted as saying.

    He added “To seize this opportunity, we need the right platform to bring focus and global scale to our customers and partners… this combination offers a critical opportunity to deliver meaningful and certain value to our shareholders who have driven and supported us on this journey.”

    Nuance helped launch Apple Inc’s assistant Siri and also makes software for businesses ranging from healthcare to then automotive industries.

    This article first appeared in the NFA Post and is republished with permission

    Comments are closed.

    You May Also Like

    Fitness Club Shut Due To Coronavirus Fears

    despite a requirement (for) self-quarantine … club member chose to visit the Yawei fitness club
    • Mark Buckton
    • February 13, 2020
    • 1 minute read

    Taiwan to Impose Health Declaration Forms on All Visitors

    Those failing to accurately do so face a fine of up to NT$150,000
    • Mark Buckton
    • February 12, 2020
    • 1 minute read

    Despite Trade War, Taiwan Raises Economic Forecast For 2020

    The ongoing US-China trade war seems to be impacting everyone, except perhaps…
    • Guest Article
    • November 30, 2019
    • 2 minute read

    In Taiwan, Southeast Asians Find Roots In A Bookstore

    Humans often tend to create and sustain differences between each other. In…
    • Guest Article
    • November 29, 2019
    • 2 minute read
    Follow Us
    Facebook 0 Likes
    Twitter 0 Followers
    Instagram 0 Followers
    Categories
    Recent Posts
    • Taiwan submarine sea trial
      • Feature
      • News
      Taiwan’s first indigenous submarine completes maiden sea trial in strategic defense milestone
      • Navneet
    • Operation Midnight Hammer
      • Uncategorized
      U.S. launches strikes on Iran’s nuclear facilities in Operation Midnight Hammer
      • Navneet
    • Modi talks to Trump over phone
      • News
      • World
      India’s Modi clarifies with Trump there was no US mediation in India-Pakistan ceasefire
      • Navneet
    • Trump exits G7 early amid Israel Iran tensions
      • News
      • World
      Trump exits G7 early amid escalating Iran-Israel crisis, warns Iranians to evacuate Tehran
      • Navneet
    Search
    Advertisement
    Taiwan submarine sea trial

    Taiwan’s first indigenous submarine completes maiden sea trial in strategic defense milestone

    Taiwan successfully completed the maiden sea trial of its first domestically developed…
    • Navneet
    • 2 minute read
    Operation Midnight Hammer

    U.S. launches strikes on Iran’s nuclear facilities in Operation Midnight Hammer

    In an unprecedented covert operation, the United States carried out a high-risk,…
    • Navneet
    • 2 minute read
    Modi talks to Trump over phone

    India’s Modi clarifies with Trump there was no US mediation in India-Pakistan ceasefire

    Indian Prime Minister Narendra Modi has firmly refuted claims made by U.S.…
    • Navneet
    • 2 minute read
    Trump exits G7 early amid Israel Iran tensions

    Trump exits G7 early amid escalating Iran-Israel crisis, warns Iranians to evacuate Tehran

    U.S. President Donald Trump abruptly left the Group of Seven (G7) summit…
    • Navneet
    • 2 minute read
    The Taiwan Times
    0
    0
    0
    • About Us
    • Contact Us
    • Meet The Team
    • Editorial Policy
    • Disclaimer
    • Privacy Policy
    • Support The Taiwan Times
    • Sitemap
    台灣國際報 The Taiwan Times
    Taiwan's Trusted Journal - We ♥ Taiwan
    Copyright © The Taiwan Times All Rights Reserved