Blackberry shares rise on Baidu agreement

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"By integrating the BlackBerry QNX OS with the Apollo platform, we will enable carmakers to leap from prototype to production systems", he said.

On that matter, BlackBerry reps have already revealed that Baidu will be using BlackBerry's QNX Hypervisor 2.0 software in its self-driving open platform - which has been dubbed "Apollo".

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Blackberry shares rose Wednesday, following an announcement from the tech firm that it has signed an agreement with Chinese web firm Baidu, to develop new technology for the autonomous vehicle industry. What is interesting is that Baidu is more than happy to facilitate an open autonomous vehicle platform that incorporates. Much as with the Azure deal previous year, which gave the Chinese company a trusted Western partner - and potentially assuaged some of the doubts that North American or European companies might have about betting on Baidu's product - this QNX integration benefits from the OS' ISO26262 ASIL-D certification for safety.

As the companies note in their press release, Apollo has attracted more than 70 partners worldwide, including equipment manufacturers, top automakers, developer platforms and tech startups. BlackBerry's pedigree in security and continued innovation has led to recent automotive design wins with Delphi, Denso, Qualcomm, Visteon, and others.

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The investors and analysts are carefully monitoring the results of these agreements, against expectations that QNX may become a key technology in the automotive industry, serving as a computer chips operating system for autonomous cars.

"Baidu has made tremendous strides in artificial intelligence and deep learning", he said. "These advancements paired with their high-definition maps and BlackBerry's safety-critical embedded software and expertise in security will be crucial ingredients for autonomous vehicles", Wall added. Based in Waterloo, Ontario, the company was founded in 1984 and operates in North America, Europe, Asia, Australia, Middle East, Latin America and Africa. Its stock is up significantly on the news. Baidu aims to make a complex world simpler through technology.

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BlackBerry " s USA -listed shares climbed 6% in premarket trading following the announcement. In the deal with BlackBerry, third-party software and hardware can bring products to market.

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