Blackberry acquires Cylance for $1.4Bn to beef up its cybersec portfolio

Blackberry is the latest electronics company to embrace the wonders of AI and Cybersecurity. The Canadian software giant recently acquired a California-based Artificial Intelligence Company- Cylance for 1.4 Billion USD. Besides the US$1.4 billion that BlackBerry will pay, the deal also includes the assumption of Cylance’s unvested employee incentives.

Ever since Blackberry shed off its loss-making smartphone business, the company has been intensely focused on providing software security...

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