Microsoft announced today that it has successfully completed its acquisition of Nuance Communications, a leading provider of AI-powered speech recognition and conversational solutions. The deal, valued at $19.7 billion, is Microsoft’s second-largest acquisition after LinkedIn. Nuance is a pioneer in the field of speech technology, with products and services that enable natural and intuitive interactions between humans and machines.

Nuance’s technology powers popular applications such as Apple’s Siri, Samsung’s Bixby and Ford’s SYNC. Nuance also has a strong presence in the healthcare and enterprise sectors, with solutions that help doctors, nurses, lawyers, bankers and other professionals to improve their productivity and efficiency. Microsoft plans to use Nuance’s technology to enhance its cloud offerings for healthcare and enterprise customers.

Microsoft CEO Satya Nadella said that Nuance’s expertise in speech and natural language processing will complement Microsoft’s cloud, AI and productivity tools. He also said that the acquisition will accelerate Microsoft’s vision of ambient computing, where technology is always available and adapts to the user’s needs. Nuance CEO Mark Benjamin said that he is excited to join forces with Microsoft and leverage its global reach, innovation and resources.

He said that Nuance and Microsoft share a common vision of empowering people and organizations with intelligent technology. He also said that Nuance will continue to deliver value to its customers and partners as part of Microsoft. The acquisition of Nuance is a strategic move by Microsoft to strengthen its position in the AI market and compete with rivals such as Google, Amazon and IBM. It also reflects Microsoft’s commitment to invest in cutting-edge technologies that can transform the way people work and live.

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