Uber, Waymo reach self-driving auto settlement

Nichole VegaFeb 11, 2018

In the case, Uber was accused of stealing Waymo trade secrets relating to driverless vehicle hardware, via its acquisition of Otto, a driverless truck startup founded by former Waymo engineer Andrew Levandowski. For former Uber C.E.O. Kalanick, meanwhile, remains on Uber's board, and received a $1.4 billion payout after selling a third of his investment in the ride-hail company to SoftBank.

Waymo is deploying its own self-driving rideshare programme at the same time and has ordered "thousands" of vehicles from Fiat Chrysler for its service.

Most damning for Uber, however, is Waymo's claim that Uber, and then-CEO Travis Kalanick knew about or even directed Levandowski's actions.

The news was first reported by Bloomberg, but has been confirmed by numerous reporters attending the trial. Sources told Gizmodo that Khosrowshahi had proposed a $500 million settlement but Alphabet agreed to the lower amount in return for Uber promising not to use Waymo hardware or software.

Friday's settlement will not affect other legal cases related to those events. At the firm's current valuation of $72 billion, that's about $250 million.

So why did Google settle so quickly?

"You were not able to complete your investigation by April 11th, were you?", Waymo's lawyer, Charles Verhoeven, asked Friedberg Wednesday. "I think what Uber is saying is that it should have done much more vetting of OttoMotto and its IP to ensure compliance with the law of trade secrets", Keyes adds. Keyes specializes in cases involving trademarks, copyrights, trade secrets, unfair competition and false advertising.

While both sides are pitching this as a win, this is certainly a best-case scenario for Uber given the circumstances.

According to sources who spoke with Gizmodo, Uber earlier this week considered offering $500 million United States dollars to settle the case with Waymo.

Comment The man responsible for dragging the reputation of one of the tech world's biggest names through the mud, into the gutter, and in circles around raw sewage has claimed today's out-of-court Waymo-Uber settlement vindicates him.

Kalanick, who was driven out of the company a year ago after numerous reports of bad behavior and a series of disastrous public relations blunders (which critics said represented the worst of Silicon Valley's bro culture), also released a statement.

A statement was released from Uber chief executive Dara Khosrowshahi regarding the settlement, which Khosrowshahi said was about finding a way to "set the course for the future of the company". Alphabet was an early investor in Uber in 2013, although previous year it also invested in Uber's competitor Lyft.

Instead, Khosrowshahi said that the acquisition of Levandowski's startup, Otto, could have been handled differently.

Waymo's case against Uber had so far been cinematic, but touched little on actual secrets. The company said other former employees had also stolen files before leaving to join Uber or Otto in what it called "a concerted plan to steal Waymo's trade secrets and intellectual property".

Related Articles:



« Previous article
Next article »


Popular Pages

Justin Timberlake surprises Super Bowl selfie kid on Ellen
After being the subject of multiple GIFS and memes, Selfie Kid was formally introduced by Ellen DeGeneres to her audience. You guessed it, Timberlake chimes in with a simple, " Ryan ", and McKenna immediately becomes overwhelmed with emotion.

'There is nothing impossible in the Premier League'
It is understood there was no board meeting on Tuesday to discuss the manager's future and the club's position remains unchanged. Eden Hazard admits changes at Chelsea in the summer of 2017 made things "different" for the defending Premier League champions.

South Korean president to meet Kim Jong Un's sister during Olympics
She will be the first member of the ruling North Korean Kim family to visit the South since the end of the Korean War in 1953. But any hopes that the diplomatic dance would lead to talks over Kim's weapons program were tempered by shows of force.

McDonald succeeds Gerry Adams as Sinn Fein president
Around 2,000 delegates are expected to gather at the conference for the ratification of Mrs McDonald as the next party president. After nearly 35 years, Gerry Adams will officially step down as party leader today - a role he has held since November 1983.

Cubs sign Yu Darvish to six-year, $126 million contract
At 31 years old, Darvish no longer looks like the ace he was at his best in 2013 when he finished second in AL Cy Young voting. Darvish has joined the Cubs on a six-year deal Saturday, Ken Rosenthal of The Athletic reports .

Apple investigating after man says AirPods exploded
A man's AirPods exploded while he was at the gym YouTube/News Channel 8 A man's AirPods have exploded while he was at the gym. Colon told WFLA he was jamming out to a dance mix when white smoke started to billow out from the right pod's chassis.

Logan Paul's YouTube Advertising Temporarily Suspended After He Tases a Dead Rat
YouTube told the Press Association the decision had been made to suspend ads on all of his channels after "careful consideration". But that seems to be a problem for YouTube which is now punishing Paul for failing to follow its advertiser policy guidelines .

NASA's New Horizons satellite snaps farthest image ever made from Earth
The spacecraft's camera will continue to set image records as it flies by a Kuiper belt object called 2014 MU69 in January 2019. The images of 2012 HZ84 and 2012 HE85 provide vital context to the understudied bodies at the solar system's bleeding edge.

Colts plan to interview Leslie Frazier for head coaching job
Instead, Indianapolis GM Chris Ballard used that time to discuss what had transpired, and how the Colts were going to recover. The rivalry arguably continued into Andrew Luck's tenure with the Colts , as the two met in the playoffs in 2013 and 2014.

BCE hikes dividend, beats profit estimates on higher wireless subscriptions
The institutional investor purchased 157,052 shares of the utilities provider's stock, valued at approximately $7,062,000. Telus seems to have held its own in wireless against Bell during the quarter in terms of market share.