Blackberry shares soared after the company beat analysts earnings forecasts. John Chen, CEO of Blackberry, joined us to break down the results.
Blackberry's results were boosted by an increase in business software sales and licensing revenue. Chen says Blackberry has 2 major focuses. The first is the enterprise software business and the other is the auto sector. Blackberry has been in the auto business for 8-10 years, but made a bigger push about 4 years ago, he points out.
Chen says there are 60 million cars on the roads using blackberry software. Looking forward, the company is working on designing new components such as lane-changing and communication capabilities with other cars and infrastructure. He sees a huge opportunity in the space, emphasizing that about 100 million cars are made every year.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Amazon says it will extend its ban on police use of its face-recognition technology beyond the one-year pause it announced last year.
China has landed a spacecraft on Mars for the first time in the latest step forward for its ambitious space program.
U.S. telecom giant AT&T Inc. is combining its WarnerMedia operations with Discovery Inc.
Cheddar explains why some European countries are building new bicycle superhighways and how it'll transform their transportation landscape.
A once-ambitious Facebook-backed digital currency project — formerly known as Libra, now called Diem — is shifting operations from Switzerland to the U.S.
Electric car maker Tesla will stop accepting Bitcoin as a payment. That's according to a tweet Wednesday from CEO Elon Musk, who cited environmental concerns surrounding the cryptocurrency.
Mattio Communications CEO and founder Rosie Mattio talks about why Clubhouse has taken off among cannabis industry insiders.
The Florida city's appeal to outside companies isn't limited to the world of crypto, but to tech writ large.
With the pandemic shifting consumer behavior even more online, this year’s NewsFront virtual festivities marked changing habits that are here to stay.
