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Microsoft will buy Nuance Communications. Microsoft will buy | TITAN Financial

Microsoft will buy Nuance Communications.

Microsoft will buy Nuance Communications, an artificial intelligence and speech recognition software provider, for roughly $ 16 billion, as it expands its healthcare technology services.

By acquiring Nuance, Microsoft wants to expand its medical computing offerings. Both companies have already worked together to work with medical patients and medical care. Microsoft said that the acquisition would double the size of the healthcare market it competes into nearly $ 500 billion, according to NYT.

via. TITAN