Trending

Stories

EU Antitrust to Investigate Microsoft’s $16 Bn Acquisition of Nuance Ideal

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

According to a questionnaire reviewed by Reuters last month, the European Union’s antitrust authority is looking at Microsoft Corp’s $16 billion acquisition of transcription technology provider Nuance Communications Inc and is asking consumers and competitors to submit a list of concerns.

To a source familiar with the situation, an antitrust regulator’s previously undisclosed outreach is the most thorough since the firm announced the merger in April.

Also Read

Nuance did not respond to a request for comment, and Microsoft declined to comment.

The US Department of Justice in June and the Australian Competition Commission in October decided they would not challenge the deal after a brief assessment. The companies applied to the European Commission’s competition bureau for clearance last month, and the regulator has until December 21 to approve the merger or begin a larger inquiry.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

The companies had hoped to complete the transaction by the end of the year but said last month that the deadline could be pushed back to the beginning of next year.

The survey asks if Microsoft and Nuance are competitors and if a merger would have an impact on clients and competitors, such as whether Microsoft would favor Nuance over competitive services.

Nuance specializes in transcribing software, which is popular among doctors and contact centers looking to automate note-taking. According to analysts, the transaction will strengthen Microsoft’s position in the healthcare sector by providing additional voice and medical data to train artificial intelligence services in health, speech, and biometric security.

Like other large computer corporations, Microsoft has developed its business through acquisitions in areas such as advertising and video games for years. In the previous decade, however, Microsoft has escaped the scrutiny that has recently surrounded its competitors, Alphabet Inc’s Google, Facebook Inc, Apple Inc, and Amazon.com Inc, all of whom are facing antitrust lawsuits and investigations over a variety of issues.

Possible worries about the upcoming transaction, according to Steven Weber, a University of California Berkeley professor who studies the interface of technology and health care, include Microsoft imposing its Office suite on Nuance users by bundling them together.

Nuance claims to service 77 percent of hospitals in the United States.

According to former chief executive Paul Ricci and another former employee, ensuring that it could use client data to develop its voice recognition technologies was crucial to its success.

For instance, a Nuance contract with Augusta University Medical Center, obtained by Reuters this year through a public records request, reads, “Customer shall provide Nuance access to voice and text data…and grants Nuance a perpetual, royalty-free license to copy, use and analyze such data for speech recognition research.”

Big cloud companies like Amazon and Microsoft usually don’t have unrestricted access to their customers’ data for research and development. According to former employees, Microsoft’s interest in Nuance stems from the possibility of acquiring those relationships and data.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly 
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors