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BlackBerry bets big on autonomous cars with Cylance buyout
- Monday | 19th November, 2018
About 120 million cars are using BlackBerry’s technology, particularly QNX, Chen said on Friday. (Reuters) – Canada’s BlackBerry on Friday raised its bets on the fast-growing areas of autonomous cars and artificial intelligence (AI) with the $1.4 billion purchase of California-based cybersecurity company Cylance. Privately owned Cylance’s software will complement BlackBerry’s software as it uses machine learning to preempt security breaches. Revenue from BlackBerry’s Technology Solutions segment, which includes QNX, jumped nearly 29% to $49 million in the latest quarter. Under Chen, BlackBerry, which dominated the smartphone market a decade ago, has shifted to selling software to manage mobile devices, as well as areas such as driverless cars.
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