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Technology / AI and automation

MICROSOFT DEAL BOOSTS LERNOUT & HAUSPIE SHARES

Mention the name of Microsoft Corp in the context of any company and the share price goes through the roof. Belgian firm Lernout & Hauspie were little known outside those with an interest in speech recognition technology. But after a report in Business Week that its speech to text software may be bundled in the next generation of Microsoft products, its shares leapt 11.8% to $29.4 – though the company would make no comment.

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CBR Staff Writer

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