Uber Technologies has settled a year-old lawsuit brought by Alphabet’s self-driving vehicle unit Waymo, which claimed that Uber stole and used trade secrets. In the agreement, Uber said it would not use Waymo technology in its autonomous vehicles and make certain that no such Waymo components were already in use. The ride-hailing firm also agreed to give Waymo 0.34 percent of its equity, equal to about $245 million, based on a valuation of $72 billion. The companies settled four days after the trial started. Continue reading Uber, Waymo Settle Lawsuit for $245 Million, 4 Days into Trial

London cut Uber’s license to operate, which will expire September 30. London said that Uber lacked corporate responsibility and was not fit and proper to hold a private vehicle hire licenses. Uber has 40,000 drivers and 3.5 million users in London. Transport for London (TfL), the agency that oversees the city’s cabs, buses and subways, said it would allow Uber to operate until the conclusion of the appeals process. TfL also cited Uber’s background checks on drivers, its approach to reporting serious criminal offenses and Greyball, a software that could block regulators from accessing the app. Continue reading London Pulls Uber’s License to Operate, Uber Appeals Ruling

Alphabet’s autonomous vehicle unit Waymo accused Uber Technologies of conspiring with former Waymo executive Anthony Levandowski to steal 14,000 files related to its program, subject of a lawsuit that has been ongoing for three months. Now, U.S. District Judge William Alsup has ordered Uber to return the files and provide an accounting of employee contact with these files, including all relevant communication with Levandowski. Although the judge did not shut down Uber’s self-driving program, it barred Levandowski from working on it. Continue reading U.S. District Judge Orders Uber to Return Waymo Documents