Blackberry buys AI firm Cylance for $1.4bn

Cylance the artificial intelligence (AI) firm has been bought by Canadian tech firm Blackberry for $1.4bn, the deal will drive forward Blackberry’s development.

The AI firm Cylance will continue to operate as a separate business unit.

John Chen, chief executive and chairman for Blackberry said, “Today Blackberry took a giant step forward toward our goal of being the world’s largest and most trusted AI-cybersecurity company.

“Securing endpoints and the data that flows between them is absolutely critical in today’s hyperconnected world.

“By adding Cylance’s technology to our arsenal of cybersecurity solutions we will help enterprises intelligently connect, protect and build secure endpoints that users can trust.”