Waymo and Uber settle

Waymo and Uber settle

Waymo and Uber settle

Judge Alsup had instructed Waymo to bring a separate lawsuit against Uber if it wished to block the company from using its software.

The row arose when Uber bought Otto which, a few months before, had been founded by ex-Waymo employee Anthony Levandowski.

Alphabet argues that before leaving Waymo, Levandowski stole almost 10GB of proprietary technical data and trade secrets.

The trial so far included from former Uber chief executive, who denied a conspiracy to steal trade secrets in a tense two-day court appearance.

Waymo has settled for 0.34 percent of Uber's equity at the company's $72 billion valuation, which is around $245 million. However, short of an admission of guilt, he accepted that the acquisition of Otto "could and should have been handled differently".

If the case had gone to the jury and Waymo had prevailed, it would have dealt a severe blow to Uber's efforts to widely deploy self-driving vehicles as part of its ridesharing operations - a field that also includes Waymo and other rivals.

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.

"In doing so, I want to express regret for the actions that have caused me to write this letter".

Waymo also said Uber had infringed three patents relating to its LiDAR technology: U.S. numbers 8,836,922; 9,368,936; and 9,086,273.

Khosrowshahi said in his statement he regretted the handling of the Levandowski matter, which occurred before he took over as CEO past year. For that I am sorry. Through that lens, the acquisition of Otto made good business sense.

The prospect that Waymo employees "may have potentially left with Google files in their possession" had "raised some hard questions", he added.

Uber can not use any of Waymo's hardware or software trade secrets as one of the conditions of the settlement.

While I cannot erase the past, I can commit, on behalf of every Uber employee, that we will learn from it, and it will inform our actions going forward.

"I've told Alphabet that the incredible people at Uber ATG are focused on ensuring that our development represents the very best of Uber's innovation and experience in self-driving technology". We believe that race should be fair-and one whose ultimate winners are people, cities and our environment.

Waymo said in a statement: "We have reached an agreement with Uber that we believe will protect Waymo's intellectual property now and into the future". This includes an agreement to ensure that any Waymo confidential information is not being incorporated in Uber Advanced Technologies Group hardware and software.

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