Microsoft to acquire AI firm Nuance for $16b to boost healthcare biz

Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion, as it builds out its cloud strategy for healthcare and enterprise customers.

The deal comes after the companies partnered in 2019 to automate clinical administrative work such as documentation and as Microsoft tries to extend its leadership in vertical cloud solutions in major industries including healthcare.

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