Uber, Waymo Reach Settlement; Ride-sharing Giant Agrees To Not Use Google’s TechnologyA Waymo car being tested in Metro Atlanta (Waymo/Twitter)

Ride-sharing giant Uber and Alphabet Inc’s Waymo which were locked in a bitter battle over allegations that Uber had inappropriately used Waymo’s trade secrets to develop its own autonomous vehicles (driverless cars) have finally reached an agreement.

As per the settlement, Uber has promised that it will not use any of Waymo’s technology in its autonomous vehicles and also hand over 0.34 per cent of its stake to the Google company, reports The Wall Street Journal. Uber is presently valued at $72 billion, and the stake being offloaded will amount to $245 million.

The dispute between the two technology majors began in 2016 with Uber’s $680 million acquisition of Otto – an autonomous truck company founded by Anthony Levandowski, who headed Google’s autonomous car project before it was spun-off into Waymo. Waymo sued Uber in 2017 over claims that it conspired to steal inside secrets, particularly the lidar, or light detection and ranging systems, used to guide autonomous vehicles.

The settlement comes a few days after the trial started at a federal court in San Francisco, which included the testimony of Uber founder and former chief executive officer (CEO) Travis Kalanick, under whom the agreement with Levandowski was reached. Uber under its current CEO Dara Khosrowshahi is seeking to clean up remnants of a series of scandals and controversies as it eyes an initial public offering (IPO) in 2019.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement