BlackBerry Ltd (NYSE:BB) And Baidu Inc (ADR) (NASDAQ:BIDU) Strike Autonomous Technology Partnership

1441

BlackBerry Ltd (NYSE:BB) AND Chinese internet giant Baidu Inc (ADR) (NASDAQ:BIDU) have gotten into partnership with each other to jointly work on autonomous vehicle technology.

The new deal with the Chinese search giant is the latest in a string of deals that Blackberry has struck with other companies include Aptiv PLC (NYSE:APTV), Denzo and QUALCOMM, Inc. (NASDAQ:QCOM). The deals are aimed at the development of self-driving vehicle technology using the QNX software from Blackberry. The latter expects the QNX software to start generating revenue after a period of one year from now. The deals have aroused the interest of investors as they look to see how Blackberry aims to position QNX as a software targeting the autonomous vehicle industry.

“Joining forces with Baidu will enable us to explore integration opportunities for multiple vehicle subsystems including ADAS, infotainment, gateways, and cloud services,” stated John Wall, the General Manager and Senior VP of Blackberry QNX.

Baidu’s deal with Blackberry will allow it to build the QNX operating system for connected vehicles into the Apollo autonomous driving software platform which itself is open-source. Baidu made the software open-source to encourage developers to jump on board. The Chinese search giant will also integrate various other features including its high definition maps, the DeurOS voice assistant and its CarLife smartphone software into Blackberry’s QNX software.

Wall stated that the integration of the solutions offered by the QNX software with Blackberry’s maps and safety-related embedded software as well as the company’s experience with security will ideal for an autonomous system. He also pointed out that Baidu has so far made significant progress in deep learning and artificial intelligence.

Baidu has been developing the technology in the Apolo autonomous vehicle platform for several years although the platform was launched in 2016. Some of the early partners in the project include Intel Corporation (NASDAQ:INTC), NVIDIA Corporation (NASDAQ:NVDA) and Microsoft Corporation (NASDAQ:MSFT).

Blackberry stock closed the latest trading session on Friday at $13.83 after a 3.44 percent gain compared to the value of the stock during the previous trading close.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.