In a shocking development, Uber said on Friday it has settled the high-stakes trade-secret theft lawsuit brought by Alphabet's Waymo, resolving a conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company. From a report: Uber will pay Waymo a 0.34 percent equity stake amounting to about $245 million at Uber's recent $72 billion valuation, the companies said on Friday, after days of courtroom theatrics. Uber has also agreed not to incorporate Waymo's confidential information into its hardware and software, though Uber CEO Dara Khosrowshahi writes that he doesn't believe his company used any of Waymo's trade secrets in the first place. Khosrowshahi says that he feels “regret” over the dispute and wished his predecessors had handled it differently.
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#business #technews Elon Musk’s self-driving strategy still doesn’t include LiDAR http://dlvr.it/QFY29l #Artificial_Intelligence #Automotive #TC #tech #technology pic.twitter.com/wSq70oc7tK Source: dumbwire