Wednesday, 21 December 2016

Blackberry Plans $75 million in autonomous vehicle-testing hub

Smartphone giant Blackberry is taking its eyes elsewhere after its failure in the smartphone business. The company is looking to invest about C$100 million ($75 million) in a new autonomous vehicle-testing hub over several years. The company's chief executive said on Monday while stating that most of the money will go to engineering jobs.


According to the company, it plans to work with middleware supplier PolySync and semiconductor company Renesas Electronics Corp, as well as its hometown University of Waterloo, to build an autonomous concept vehicle.

The company, which is looking to increase its software revenue is turning to automotive industry's in the self-driving vehicle arms race.
David Masson, Canada country manager at cybersecurity firm Darktrace said;
 "It will require significant cooperation between all those involved to be sure that the end product and its communication configuration is both safe and secure for the individuals that use them and those sharing the road,"
The company plans to employ over 650 engineers, with each earning about C$150,000 annually.



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