Uber, Waymo Settle Self-Driving Car Lawsuit

12 Febrero, 2018, 02:04 | Author: Arnold Perez
  • Uber, Waymo Settle Self-Driving Car Lawsuit

Both companies confirmed the settlement, in which Uber is to pay Waymo around $245 million in Uber equity. "We got some inner workings into (former Uber CEO Travis) Kalanick and his way of building a corporate culture that didn't look good, and there was a lot of evidence of data destruction, and that really didn't look good". Uber fired Levandowski in May 2017.

Stock in the privately held Uber would be transferred immediately to Alphabet, which was an early Uber investor and remains as one of its largest shareholders. 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. The people asked not to be identified because the settlement talks were confidential.

Kalanick was talking out of his ass, of course: the Uber statement says no such thing.

Lidar is a laser-based system that helps self-driving cars to navigate their surroundings.

The freaky irony about this settlement is that Google now needs Uber to be more successful, so as to increase the size of Google's payout.

Even the presiding judge, William Alsup, dismissed the trial as "ancient history" on Friday.

The trial finally began on February 5 and ended quickly on February 9, after a year of back and forth between the two companies. The texts included snippets such as "second place is first looser (sic)", "burn the village", and a link to a video clip from the 1987 film "Wall Street" featuring a character hailing the virtues of unbridled greed. We believe that race should be fair-and one whose ultimate winners are people, cities and our environment.

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Levandowski was at Uber's ATG office in Pittsburgh's Strip District in September 2016 to speak to the media ahead of the company allowing users to hail a self-driving auto.

Waymo had been seeking damages of $1.9 billion after a former employee, Anthony Levandowski, left Google to start his own self-driving truck company. It's a deal that one of Uber's own attorneys acknowledged the company now regrets. He also argued that it's not clear if the trade secrets are actually trade secrets.

Adding to the pressure on Uber to settle was a desire to avoid bad press, Goldman suggested.

"My job as Uber's CEO is to set the course for the future of the company: innovating and growing responsibly, as well as acknowledging and correcting mistakes of the past".

At the same time, Waymo has agreed not to pursue further trade secret claims. Ironically, since Waymo has settled for a piece of Uber's equity, the company is now significantly invested in its bitter rival.

"If you are an Uber investor, you should be pleased with the outcome, given what could have happened if they had lost", said Rohit Kulkarni, managing director of SharesPost, a research group focused on privately held companies. Throughout the year-long case, Uber insisted no Google files had made it to its servers or cars. Kalanick said, "I don't know, I don't remember".

The settlement comes days before Alphabet CEO Larry Page was scheduled to testify in open court. Over the past year, you've been distracted from your mission. Since stepping inside Uber's doors last fall, the 48-year-old has made it clear he wants to put the company's checkered past behind it as fast as possible.

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