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Microsoft is in talks to amass AI and speech firm Nuance Communications in a deal that will worth the corporate at about $16 billion, Bloomberg reported Sunday. The Burlington, Massachusetts-based firm’s expertise helped launch Apple’s digital assistant Siri.
The 2 firms are discussing a value of about $56 per share, Bloomberg reported, a 23% premium over the inventory’s shut on Friday. The deal can be Microsoft’s second largest acquisition ever, after its $26.2 billion deal to purchase LinkedIn in 2016.
Like many tech firms, Microsoft has invested closely in synthetic intelligence lately. Final yr, the corporatefor AI work that contained 285,000 processor core. in 2018, the corporate , a startup that develops conversational synthetic intelligence, aka chatbots.
Neither Microsoft no Nuance instantly responded to requests for remark.