Blackberry Acquires California-based AI Firm for $1.4 billion
The phone maker BlackBerry has raised its bets on artificial intelligence and cyber-security. The company has acquired a California-based machine-learning specialist known as Cylance. The deal has been finalised for $1.4 billion (roughly Rs. 10,063 crores).
Blackberry, the Canadian technology company which dominated the smartphone market a decade eaelier has shifted to selling software to manage mobile devices, as well as emerging sectors like autonomous cars.
Cylance will continue to operate as a separate business unit after the deal closes and this deal is expected to close by Feb 2019.
The acquired company Cylance uses machine learning to prevent security breaches before they occur. Its applications seek to block malware or infiltration attempts rather than react after a breach...