Uber and Waymo have reached a settlement over claims Uber stole trade secrets from the self-driving company.<\/p>\n
As part of the agreement, Uber is giving a 0.34% Uber stake to Waymo, worth approximately $245m (\u00a3177m).<\/p>\n
Uber has also agreed not to use Waymo’s technology in its self-driving cars, though it maintains it never did.<\/p>\n
Uber’s chief executive, Dara Khosrowshahi, expressed “regret” over the way his company had handled the issue.<\/p>\n
In a statement, he said to Waymo: “While we won\u2019t agree on everything going forward, we agree that Uber\u2019s acquisition of Otto could and should have been handled differently.”<\/p>\n
The deal comes after four days in court in which former chief executive Travis Kalanick took the stand.<\/p>\n
He was accused of orchestrating a plan to steal more than 14,000 confidential files from Waymo when the firm was still part of Google. It is now owned by Google’s parent company, Alphabet.<\/p>\n
“We are committed to working with Uber to make sure that each company develops its own technology,” a Waymo spokesman said on Friday.<\/p>\n
“This includes an agreement to ensure that any Waymo confidential information is not being incorporated in Uber Advanced Technologies Group hardware and software.”<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Uber and Waymo have reached a settlement over claims Uber stole trade secrets from the self-driving company. As part of the agreement, Uber is giving a 0.34% Uber stake to Waymo, worth approximately $245m (\u00a3177m). Uber has also agreed not to use Waymo’s technology in its self-driving cars, though it maintains it never did. Uber’s […]<\/p>\n","protected":false},"author":14,"featured_media":400142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[114],"yoast_head":"\n