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Alternate Symbol(s): BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded... see more

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BlackBerry Ltd > Sept 23 2020 Article on one of Tesla's biggest competitors

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Post by blackberry on Jan 22, 2021 10:27am

Sept 23 2020 Article on one of Tesla's biggest competitors

https://www.fool.ca/2020/09/23/new-tesla-competitor-you-wont-believe-which-stock-it-is/

Tesla’s new competitor

Don’t laugh, but BlackBerry (TSX:BB)(NYSE:BB) is now one of Tesla’s biggest competitors. Seriously.

Forget everything you know about this company. It no longer makes smartphones. Today, it’s all about cybersecurity software. BlackBerry’s biggest product, its QNX security platform, is already installed in more than 160 million cars worldwide. Nine out of the top ten car manufacturers license the company’s software.

BlackBerry controls a pivotal part of the value chain. As cars go autonomous, security will be more important than ever. A hacking vulnerability could be lethal. BlackBerry’s software can use artificial intelligence to prevent attacks before they happen!

This is valuable position to have, and others know it. Amazon recently partnered with BlackBerry to augment the QNX system. StradVision, a leader in vision processing technology for fully autonomous vehicles, just announced that they’ll be deeply integrating QNX into its offerings.

Expect Tesla to develop its own tech in-house, but nearly every competitor has already signaled their intent to use BlackBerry’s security software. Growth will take time, as the autonomous vehicle story is a decade in the making, but Tesla already knows that BlackBerry will be the backbone of its competitor’s success.

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