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BlackBerry Stock Jumps 50% on Deal With Amazon Web Services for Connected Car Software
Dec. 1, 2020 11:45 am ET
BlackBerry shares have spiked more than 50% on Tuesday amid surging investor optimism about the company’s automobile sensor software platform, known as Ivy.
Having long ago moved on from its once-iconic mobile phones, BlackBerry (ticker: BB) Tuesday morning announced a deal with Amazon.com’s (AMZN) Amazon Web Services to jointly develop and market Ivy, which BlackBerry describes as “a scalable, cloud-connected software platform that will allow automakers to provide a consistent and secure way to read vehicle sensor data, normalize it, and create actionable insights from that data both locally in the vehicle and in the cloud.” The company said auto makers can use Ivy “to create responsive in-vehicle services that enhance driver and passenger experiences.”...........
https://www.barrons.com/articles/blackbe...eid=yhoof2
Dec. 1, 2020 11:45 am ET
BlackBerry shares have spiked more than 50% on Tuesday amid surging investor optimism about the company’s automobile sensor software platform, known as Ivy.
Having long ago moved on from its once-iconic mobile phones, BlackBerry (ticker: BB) Tuesday morning announced a deal with Amazon.com’s (AMZN) Amazon Web Services to jointly develop and market Ivy, which BlackBerry describes as “a scalable, cloud-connected software platform that will allow automakers to provide a consistent and secure way to read vehicle sensor data, normalize it, and create actionable insights from that data both locally in the vehicle and in the cloud.” The company said auto makers can use Ivy “to create responsive in-vehicle services that enhance driver and passenger experiences.”...........
https://www.barrons.com/articles/blackbe...eid=yhoof2
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