Waymo, Uber reach settlement in first days of trial

Waymo, Uber reach settlement in first days of trial

by Justin King

Waymo's attorneys failed to deliver any bombshell arguments, and Uber is clearly not a competitive threat in any case.

Waymo has dropped its lawsuit against Uber after negotiating an out-of-court settlement just days after jurors heard opening arguments.

In a statement, Uber CEO Dara Khosrowshahi broadly apologized and admitted that the company's acquisition of Otto "should have been handled differently." The ride-hailing company paid $680 million for the startup almost immediately after its founder, Anthony Levandowski, stepped down from a leading role in Google's autonomous car project.

"To be clear, while we do not believe that any trade secrets made their way from Waymo to Uber, nor do we believe that Uber has used any of Waymo's proprietary information in its self-driving technology, we are taking steps with Waymo to ensure our Lidar and software represents just our good work," Khosrowshahi added.

Waymo attorneys dug up plenty of dirt that hinted at something shady in Levandowski's departure, however the company failed to deliver any undeniable bombshell proving that Uber had used Google's proprietary lidar technology.

In the end, even if such information had come to light, Waymo is clearly far ahead of all competitors entering 2018. It would be difficult for the company to push for massive damages for an Uber lab project that has no time-frame for coming to market.

Uber agreed to pay $244 million to settle the lawsuit, according to Ars Technica.