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Microsoft acquires Conversational AI giant Nuance for $19.7 Bn – Top Tech News

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Microsoft acquires Conversational AI giant Nuance for $19.7 Bn…

Microsoft is all set to acquire AI speech tech firm Nuance firm for whopping $19.7 Bn. This marks Microsoft’s first major acquisition in 2021. This is also tech giant’s second costliest in recent years, the most costliest being the LinkedIn acquisition in 2016. The latest acquisition will directly put Microsoft in an advantageous position in the voice recognition space where Nuance enjoys a market leader status. Nuance creates voice recognition solutions for various industries but healthcare has proved to be a major cash cow for the company. The company is best known for its dragon software, which is also used in Apple’s voice assistant Siri.


Grapevines claim Apple is building an Apple TV with a built-in camera & speaker

Apple is reportedly trying to add many useful features in Apple TV, its leading TV accessory brand. These new features include a built-in camera and HomePod speaker that, Apple hopes, will help people in making memorable video calls. Reports also claim that Apple is working on a smart speaker with a design that is very similar to Amazon Echo and Google’s Nest Hub. Off late, the tech giant has been on an experimental workhorse, with Apple also reportedly busy in its ambitious electric car mission.


Tiger Global’s funding spree in Indian startup continues, leads $100Mn in social commerce startup DealShare

Tiger Global’s party in India continues as it spearheads $100Mn investment round in social commerce startup DealShare. This is Tiger Global’s fourth major investment during last one week, after backing ShareChat, GupShup, Groww and Cred. By backing these startups, the New York headquartered hedge fund has helped them in attaining the coveted unicorn status.


Huawei to invest $1Bn in Self Driving and Electric Car Technologies, to compete with Tesla

Huawei has said that it will invest $1Bn in Self Driving and Electric Car Technologies as Chinese telecom giant accelerates its plan to compete with Tesla. The company will tie-up with leading automakers to manufacture self-driving cars that will carry Huawei as its sub-brand.

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