Microsoft acquires Nuance, the artificial intelligence company that develops Siri’s technologies

Making major investments on the gaming side and incorporating Activision Blizzard, Microsoft has now announced that it has acquired Nuance, which contributes to the development of Siri, for $ 19.7 billion. . Announcing its initial plans to acquire the company last year, Microsoft announced that they received approval from regulatory bodies and that the deal was finally completed.

It will improve the user experience in many areas

Nuance, formerly known as ScanSoft and has been working on speech diagnostic technologies since 2001, has not accomplished great things in recent years, but it has Apple’s smart assistant Siri. He made a great contribution to the creation of the speech recognition engine that gives power.

Saying that the agreement will usher in “a new era of results-based AI,” Microsoft’s Artificial Intelligence Group Vice President Scott Guthrie said, “Completing this important and strategic acquisition will result in Nuance’s best-in-class conversational AI. and environment intelligence with Microsoft’s secure and reliable industry cloud offerings.”

Planning to combine Nuance’s expertise in financial, healthcare, retail, telecommunications and many other sectors with global cloud ecosystems, Microsoft said that the new agreement will contribute to the company’s innovation and user experience.