Microsoft is buying Nuance Communications, which specializes in services using conversational AI, for $16 billion in cash plus assumption of several billion dollars in debt. Nuance, founded in 1992, sells medical transcription and other automated services to the health care industry, as well as financial services and telecom companies, according to its securities filings. The company’s revenue...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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