Intel talks $30m with L&H

Intel talks $30m with L&H
Richard Ball Intel intends to invest $30m in speech recognition firm Lernout & Hauspie. The microprocessor giant has signed a letter of intent to invest the cash. “The main direction where we see the benefit is the natural language technology,” said Gaston Bastiaens, president and CEO of L&H. Future products will allow users, through telephones or kiosks, to request data and information. “But you can’t expect people to ask for things in a structured way,” pointed out Bastiaens. Natural language technology lets users make requests or ask for information in normal speech, and intelligent software figures out what the user wants. “For this you need massive processing power,” said Bastiaens. Microsoft recently increased its stake in the Belgian speech firm with another $15m of funding, taking its shareholding to seven per cent.


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