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

At CES 2018 this week, Toyota will be showcasing its prototype autonomous vehicle, Platform 3.0, which is built on a Lexus LS 600hL. The car isn’t ready for purchase yet, but it does a good job of demonstrating what the Toyota Research Institute has been up to. Toyota has integrated many if not all of the sensors into the car’s body, creating a rather sleek design that it calls “intelligent minimalism.” The rooftop panel, sensors on the side of the car and even the trunk, for example, are part of a smooth, aerodynamic design. Continue reading CES 2018: Toyota Shows Off Its Prototype Self-Driving Vehicle

Facebook, Google and numerous startups are among those actively researching new possibilities with artificial intelligence technology. Japanese automaker Toyota is joining the crusade with a five-year, $1 billion R&D effort. The planned Silicon Valley facility will become one of the largest research labs in the area. Toyota Research Institute will initially open a lab next to Stanford and an additional facility near MIT in Cambridge. Toyota’s plans represent a shift in tech research — a return to a focus on science and engineering rather than a push for tech that would become a specific product or service. Continue reading Toyota Invests $1 Billion in Planned Return to Traditional R&D