China Mobile takes a chance on speech recognition buy

Mobile carrier invests millions of dollars in speech recognition and text to speech technology for the Chinese market…

Source google.com

China Mobile has agreed to buy 15 percent or 70.3 million shares in voice recognition company Anhui USTC iFlytek Co.  The acquisition will amount to 1.36 billion yuan, or $214 million, at 19.40 yuan a piece.  Once the acquisition is finalized, China Mobile will collaborate with iFlytek for Mandarin voice recognition.  Having a voice recognition technology that recognizes Mandarin will surely help Chinese consumers with their hands-free tasks.  It’s not a secret that Apple’s Siri has some trouble recognizing foreign speech patterns.

via http://www.speechtechnologygroup.com/speech-blog - Mobile carrier invests millions of dollars in speech recognition and text to speech technology for the Chinese market… Source  google.com China Mobile has agreed to buy 15 percent or 70.3 million shares in voice recognition company Anhui USTC iFlytek Co.  The acquisition will amount to 1.36 billion ...