Microsoft is offering nearly $ 20 billion to AI companies

Nuance is best known for its speech recognition technology. For Microsoft, this would be the second largest acquisition in the company’s history.

Microsoft is now investing even more billions in artificial intelligence.

Dhe American IT group Microsoft is offering almost $ 20 billion for Nuance Communications, a company specializing in artificial intelligence. Microsoft announced on Monday that $ 56 would be offered per share. This equates to a premium of approximately 23 percent on Nuance’s closing price on Friday.

Nuance is best known for its speech recognition technology. For Microsoft, in turn, this would be the second largest acquisition after taking over the career network Linkedin in 2016.

The group, known among other things for its office software and operating system, continued its shopping spree. Microsoft recently strengthened its computer games division around the Xbox game console with the multi-billion dollar acquisition of Zenimax Media. In addition, the financial service Bloomberg reported in March on talks about a takeover of the company Discord for more than ten billion dollars, an online service for voice, video and text communication, which was initially aimed primarily at computer gamers.

Microsoft and Nuance have been working together since 2019. In terms of technology, for example, that enables doctors to record conversations with patients and directly into the electronic patient recordto insert.