to imitate different instruments, made it possible for a single user to compose and play an entire orchestral piece. Kurzweil Music Systems was sold to South Korean musical instrument manufacturer Young Chang in 1990. As with Xerox, Kurzweil remained as a consultant for several years. Hyundai acquired Young Chang in 2006 and in January 2007 appointed Raymond Kurzweil as Chief Strategy Officer of Kurzweil Music Systems. Later life Concurrent with Kurzweil Music Systems, Kurzweil created the company Kurzweil Applied Intelligence (KAI) to develop computer speech recognition systems for commercial use. The first product, which debuted in 1987, was an early speech recognition program. KAI was sold to Lernout & Hauspie in 1997. Kurzweil started Kurzweil Educational Systems (KESI) in 1996 to develop new pattern-recognition-based computer technologies to help people with disabilities such as blindness, dyslexia and attention-deficit hyperactivity disorder (ADHD) in school. Products include the Kurzweil 1000 text-to-speech converter software program, which enables a computer to read electronic and scanned text aloud to blind or visually impaired users, and the Kurzweil 3000 program, which is a multifaceted electronic learning system that helps with reading, writing, and study skills. Kurzweil sold KESI to Lernout & Hauspie. Following the legal and bankruptcy problems of the latter, he and other KESI employees purchased the company back. KESI was eventually sold to Cambium Learning Group, Inc. During the 1990s, Kurzweil founded the Medical Learning Company. In 1999, Kurzweil created a hedge fund called "FatKat" (Financial Accelerating Transactions from Kurzweil Adaptive Technologies), which began trading in 2006. He has stated that the ultimate aim is to improve the performance of FatKat's A.I. investment software program, enhancing its ability to recognize patterns in "currency fluctuations and stock-ownership trends." He predicted in his 1999 book, The Age of Spiritual Machines, that computers will one day prove superior to the best human financial minds at making profitable investment decisions. In June 2005, Kurzweil introduced the "Kurzweil-National Federation of the Blind Reader" (K-NFB Reader)—a pocket-sized device consisting of a digital camera and computer unit. Like the Kurzweil Reading Machine of almost 30 years before, the K-NFB Reader is designed to aid blind people by reading written text aloud. The newer machine is portable and scans text through digital camera images, while the older machine is large and scans text through flatbed scanning. In December 2012, Kurzweil was hired by Google in a full-time position to "work on new projects