No other dollar figure was disclosed.
Alphabet's Waymo and Uber have agreed to bury the hatchet and settle a lawsuit revolving the latter's self-driving vehicle aspirations.
Waymo accepted Uber's deal, according to a person familiar with the situation.
There is no question that self-driving technology is crucial to the future of transportation-a future in which Uber intends to play an important role.
Khosrowshahi asserted that buying Otto made "good business sense", but that the acquisition "could and should have been handled differently".
Google's Waymo unit says Uber agreed to take steps to make sure Waymo technology isn't used in Uber's autonomous vehicles. "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". Court documents released in October of past year revealed that Levandowski not only left Waymo with 9GB of definitely-Google-related data, but that he also transferred said data over to his laptop and some disks he then hid in his closet, sent (and deleted) texts about shredding evidence, and attempted to wipe his computer while quite literally sitting in the investigator's office.
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"Kalanick appeared subdued in front of jurors, but he returned to his famously pugnacious style in a statement on Friday, saying Uber's sole objective was to hire the most talented scientists and engineers".
Meanwhile, Kalanick's statement had a touch of arrogance, confident that Uber would have won the case and bullish on his company's future.
Waymo's lawsuit said that Anthony Levandowski, the self-driving auto chief Uber eventually fired, downloaded more than 14,000 confidential files containing designs for autonomous vehicles in December 2015 before he went on to work at Uber in 2016. But if driverless cars are its only road to profitability, it needs to be a technology leader, not a laggard. He founded his own startup, Otto, which Uber bought a few months later for $680 million. The development of self-driving cars is advancing so quickly, and by such large leaps and bounds, that the fundamental question at the heart of the trial seemed to be: Is this stuff even a secret anymore? As Engadget notes, Levandowski was scheduled to be called to the witness stand later today to discuss lidar and radar technology which Waymo had claimed was stolen.
The case of the stolen trade secrets just got shockingly settled, as rideshare behemoth Uber unexpectedly agreed to pay Google's self-driving vehicle division Waymo a settlement of approximately $425 million.
That engineer had told them the information was "low-value". He also argued that it's not clear if the trade secrets are actually trade secrets. It pointed out that Waymo hadn't taken reasonable care to protect the files, indicating that it knew they didn't contain trade secrets.
Uber, which is the world's biggest ride-hailing service, is seeking to be a major player in autonomous cars and has ordered an estimated 24,000 cars from Volvo for its project set to launch in the coming years.