The company’s offerings are extremely popular in U.S. Nuance is a cloud and AI software standout providing conversational AI and cloud-based clinical intelligence for health-care providers and is best known for its Dragon software. … We will put advanced AI solutions into the hands of professionals everywhere to drive better decision-making and create more meaningful connections, as we accelerate growth of Microsoft Cloud for Healthcare and Nuance.” “AI is technology’s most important priority, and health care is its most urgent application. “Nuance provides the AI layer at the health-care point of delivery and is a pioneer in the real-world application of enterprise AI,” said Nadella in a statement. Microsoft CEO Satya Nadella said the acquisition of Burlington, Mass.-based Nuance will effectively double Microsoft’s total addressable market (TAM) in the health-care provider space, bringing the company’s TAM in health care to $500 billion. The acquisition is Microsoft’s second largest purchase following its $26.2 billion buy of LinkedIn in 2016. In one of Microsoft’s largest acquisitions, the software giant is acquiring voice recognition and artificial intelligence specialist Nuance Communications in an all-cash transaction valued at $19.7 billion.
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