Microsoft Said to Be in Talks for $16-Billion Acquisition of AI Firm Nuance

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Microsoft is in superior talks to purchase synthetic intelligence and speech know-how firm Nuance Communications at about $16 billion (roughly Rs. 1,20,000 crores), in accordance to a supply aware of the matter.

The worth being mentioned may worth Nuance at about $56 (roughly Rs. 4,200) a share, the supply mentioned, including that an settlement may very well be introduced as quickly as Monday.

Bloomberg News, which first reported the deal between Nuance and Microsoft, mentioned talks are ongoing and the discussions may nonetheless disintegrate.

Burlington, Massachusetts, US-based Nuance whose voice recognition know-how helped launch Apple’s assistant Siri, makes software program for sectors starting from healthcare to the automotive industries.

Microsoft and Nuance didn’t instantly reply to Reuters’ request for remark.

The take care of Nuance can be Microsoft’s second-biggest deal, after its $26.2 billion (roughly Rs. 1,96,500 crores) acquisition of LinkedIn in 2016.

Late final week, LinkedIn turned sufferer to a large information breach and information of over 500 million of its customers has been scraped from the platform and posted on-line for sale. The dataset consists of delicate data like e mail addresses, cellphone numbers, office data, full names, account IDs, hyperlinks to their social media accounts, and gender particulars. The breached information is reportedly being offered by an unknown consumer on a hacker discussion board, who has dumped information of over two million customers as pattern proof. The hacker is asking for a four-digit quantity (in USD) in change for the breached information, doubtlessly in the shape of Bitcoins. This got here simply days after a similarly huge leak of scraped information from over 500 million Facebook customers was leaked.

A LinkedIn spokesperson mentioned in a press release, “While we’re still investigating this issue, the posted dataset appears to include publicly viewable information that was scraped from LinkedIn combined with data aggregated from other websites or companies. Scraping our members’ data from LinkedIn violates our terms of service and we are constantly working to protect our members and their data”. The information consists of delicate data like cellphone quantity, e mail ID, office data, and even hyperlinks to their social media accounts.


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