The Waterloo-based software company is looking at options, including a sale of the AI and machine learning startup it purchased in 2019 for $1.4 billion in cash. “We intend to pivot our focus away from Cylance, into our growth engines,” BlackBerry’s CFO Tim Foote said in an investor presentation. (The Logic)

Talking point: BlackBerry, once a major player in the smartphone market, pushed into software in 2016, and has been trying to turn around its fortunes with various ventures, including automotive software. The addition of Cylance three years later drove progress in BlackBerry’s products and IP, but has required significant investment and led to a “meaningful loss,” Foote said. The company will instead be focusing on QNX, which creates automotive-software operating systems—a “better use” of the company’s funds, Foote said. The move will allow BlackBerry’s cybersecurity business to be profitable in the next two years, Foote claimed.