Uber can pay Waymo over autonomous driving tech

Date:

Trending

Uber said it “will likely” have to strike a licensing deal with Waymo or opt for costly changes to its autonomous driving software after an expert found the ride-hailing giant still used technology from the Alphabet unit.

- Advertisement -

While it was unclear by when the company needed to decide on its next move in the blockbuster trade secrets dispute, Uber, in a quarterly securities filing on Tuesday, said that a detour in its software development “could limit or delay our production of autonomous vehicle technologies.”

Uber has been racing to catch up to Waymo in the development of software and hardware to install in cars and trucks to allow for driverless taxi and delivery services.

The expert review of Uber’s software was part of a legal settlement reached in February 2018 that brought to an abrupt halt a federal jury trial over whether the company unfairly benefited from confidential ideas allegedly secured by making former Waymo engineers key members of its self-driving car team.

Waymo began as a project within sister company Google a decade ago, while Uber launched its effort four years ago.

Uber declined to give details beyond its filing.

Waymo told Reuters in a statement that the independent software expert’s findings “further confirm Waymo’s allegations that Uber misappropriated our software intellectual property. We will continue to take the necessary steps to ensure our confidential information is not being used by Uber.”

Last year, Uber CEO Dara Khosrowshahi expressed confidence that the company had not used Waymo’s proprietary information in its hardware or software.

- Advertisement -

But by April, weeks ahead of its initial public offering, Uber disclosed that the expert software reviewer’s interim findings were mixed and could be costly.

Waymo had alleged in court filings in 2017 that Uber was “misappropriating two highly valuable Waymo trade secrets related to planner software,” which processes data from sensors on the vehicle and controls its movement.

Uber shares have tumbled about 40% since their market debut in May amid big quarterly losses as it spends heavily on marketing.

Its self-driving venture has also faced other challenges.

The United States National Transportation Safety Board in a recent report found there were software flaws in an Uber self-driving test vehicle that struck and killed an Arizona woman in the middle of a road last year.

Still, the Uber unit drew a $1 billion investment in April from SoftBank, Toyota, and automotive company Denso.

Last year’s settlement also gave Waymo a 0.34% stake in Uber, worth about $245 million based on Uber’s $72 billion valuation at the time.

It is unclear if Waymo still holds those shares.

- Advertisement -

Waymo this year began a limited robo-taxi service in Arizona.

(Reporting by Paresh Dave; editing by Himani Sarkar.)

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

Support our independent journalism PayPal (Outside India) For PayU (For Indian Readers).

Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

RULOANS Sees Surge in Digital Secured Loan Demand on RUCONNECT App

RULOANS Distribution Services, an Indian financial products distributor, has reported a significant uptake in its newly launched digital secured loan offerings on the RUCONNECT...

WeVOIS Lab’s Abhinav Vashistha On Shaping the Future of Waste Management with AI

During an interview with TechGraph, Abhinav Vashistha, Co-Founder of WeVOIS Lab, discusses how it is using AI and advanced data analytics on its platform to ensure 95% operational efficiency while providing actionable insights to improve waste collection processes, optimize routes, reduce collection time, and...

The Hidden World of Mega888 APK: What Casual Players Are Missing Out On

Mega888 APK is well-known among online casino enthusiasts for its thrilling games and easy-to-navigate...

The Importance of Zero-Trust Security Models in Safeguarding Data

In an age where cyberattacks grow more sophisticated by the day, traditional security models...

Crypto Market Crosses $3.08 Trn, Bitcoin Hits $91,616, Litecoin Drops Below $90

The cryptocurrency market surged to a total valuation of $3.08 trillion on Monday, with...

Voice-Based AI and SLMs: Gnani Ai CEO Ganesh Gopalan On India’s Voice AI Boom

During an interview with TechGraph, Ganesh Gopalan, Co-founder of Gnani.ai, discussed how voice-based AI,...

Gadgets: OPPO Find X8 Series to Launch Globally with MediaTek Dimensity 9400 SOC

OPPO, the world's leading smart device brand will bring the flagship MediaTek Dimensity 9400...

LTC UPDATE: Gate io Lists Litecoin Under Meme Coins

US-based cryptocurrency exchange platform Gate.io has listed Litecoin (LTC) under its meme coin category. The...

Indusface Launches CyberShiksha program to Educate Students on Cybersecurity

Indusface, a leading application security provider for SaaS solutions, has launched CyberShiksha, a national initiative to improve cybersecurity awareness among students. India has emerged as...

Pokarna Engineered Stone Limited Commits Rs 440 Crores for New Bretonstone Line

Pokarna Engineered Stone Limited (PESL) said on Tuesday it will invest Rs. 440 crore...

Coinbase launches COIN50 Index To Track Top 50 Cryptos On its Exchange

Leading crypto trading platform Coinbase on Tuesday announced the launch of the Coinbase 50...

TechGraph Introduces New Rates for Press Releases and SEO Articles

TechGraph has announced a new pricing structure for businesses looking to publish press releases...
00:01:42

The Trump Effect: Crypto Market Hits $3 Trillion Market Cap; Bitcoin Surges $87K, While Ethereum Stood At $3k

Following Donald Trump's presidential election victory, the cryptocurrency market surged, reaching a whopping $3.02...
00:01:10

Tom Homan Old Video Goes Viral, After Donald Trump Taps Him As Border Czar

An old video of Tom Homan, former acting head of US Immigration and Customs Enforcement (ICE), went viral on social media after President-Elect Donald...

Protests Erupts in Valencia Over Deadly Floods in Eastern Spain

Over ten thousand people took to the streets of Valencia to protest against the regional government's mishandling of the devastating flood response, which resulted in over 200 deaths in eastern Spain.

UltraverseNFT Launches Sandalwood backed NFT for Eco-Conscious Investors

UltraverseNFT is proud to introduce its groundbreaking Sandalwood NFTs, designed to redefine eco-conscious investments...

Why BITBinvest.com is Expanding Worldwide & Capturing High-Profile Trader’s Attention?

BITBinvest.com has rapidly emerged as one of the leading companies in online trading, making...
00:03:45

US President Biden Apologies To Native Indians For Horrific Boarding School Policy

During a visit to the Gila River Indian Community in Arizona, President Joe Biden...
00:00:25

Kriya: PM Netanyahu Closely Monitors ‘Military Operations’ On Iran

The Israeli Prime Minister's Office has released a new video showing Prime Minister Benjamin...

Iran Should Not Respond To Israeli Attack: UK PM Keir Starmer

The United Kingdom's Prime Minister Keir Starmer has requested Iran to avoid retaliation after...

APP Reviews: Bengali Betting Sites

Recognizing the increasing demand for an exhilarating and convenient gambling experience in the Bengali...
00:00:00

Live From Parliament: UK Deputy PM Angela Rayner takes PMQs

London News: The United Kingdom (UK) deputy prime minister Angela Rayner takes questions from...
00:00:21

‘Not Our King’ Australian Politician Lidia Thorpe Heckled King Charles

Following King Charles' keynote speech in the Australian parliament, Senator Lidia Thorpe accused the...

Rethinking IT Infrastructure in the AI era

The IT infrastructure landscape is undergoing significant changes in the AI era. Adopting AI...

TechGraph Introduces New Rates for Press Releases and SEO Articles

TechGraph has announced a new pricing structure for businesses looking to publish press releases...

4 Key Ways Robotics May Change Warehouse Operations by 2030

The landscape of warehouse operations is poised for significant transformation by 2030 with the...

VIDEO: Israeli PM Netanyahu Visits Lebanese Border, Promises Strong Action Against Hezbollah

During a recent visit to the Lebanese border, Israel's Prime Minister Benjamin Netanyahu highlighted...
00:11:10

FULL SPEECH: Cardi B Addresses Kamala Harris Rally In Wisconsin

Singer Cardi B addressed a rally in Milwaukee, Wisconsin, showing her support for presidential...

Finzilo Review | 8 Trading Features That Make Finzilo Stand Out

When it comes to online trading platforms, choosing the right one can significantly impact...
00:01:42

The Trump Effect: Crypto Market Hits $3 Trillion Market Cap; Bitcoin Surges $87K, While Ethereum Stood At $3k

Following Donald Trump's presidential election victory, the cryptocurrency market surged, reaching a whopping $3.02...

‘Not Our King’ Australian Politician Lidia Thorpe Heckled King Charles

Following King Charles' keynote speech in the Australian parliament, Senator Lidia Thorpe accused the...

Live: UN Security Council Meeting on Russia Ukraine Security

The members of the United Nations Security Council met on Monday to discuss the...

Rethinking IT Infrastructure in the AI era

The IT infrastructure landscape is undergoing significant changes in the AI era. Adopting AI...