Market Chatter: BlackBerry Sees Robotics as Key Growth Area

MT Newswires Live08-25 18:25

BlackBerry (BB) Chief Executive John Giamatteo told CNBC on Tuesday that Robotics is one of the fastest-growing businesses within its QNX software division.

QNX, which provides safety-critical software for vehicles, is now also being used in industrial robots, robotic forklifts and medical equipment, said Giamatteo, who sees these areas as a major opportunity as physical artificial intelligence develops, CNBC reported.

BlackBerry has a $950 million QNX order backlog, with some orders tied to robotics, CNBC said, adding that the company did not disclose the exact amount.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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