Uber and Waymo have settled lawsuit for $245 million in Uber stock

Waymo, Uber Tech settle self-driving car dispute

Waymo and Uber announced an agreement Friday in the blockbuster federal lawsuit over allegedly stolen trade secrets from the former Google self-driving vehicle project.

In a settlement worth $245m (around £177m), Waymo will take a small share in Uber (0.34 per cent), which has agreed not to use any Waymo technology in its self-driving cars.

However, Uber maintains that it did not use any stolen information and doesn't believe such data ever made it into Uber's hands, beyond concepts that would have been in the head of Mr Levandowski.

In a lawsuit filed in February 2017 Waymo, the self-driving vehicle unit of Google's parent company Alphabet, claimed a former engineer took thousands of Waymo's confidential documents to his new role as chief of Uber's self-driving auto project, WIPR reported. LiDAR - or Light Detection and Ranging - bounces millions of laser beams off surrounding objects to get a 3D picture of the world.

Waymo had sought damages, which could have totalled more than $1 billion, and/or an injunction - a move that could have halted Uber's work on autonomous driving.

The trial so far included testimony from former Uber chief executive Travis Kalanick, who denied a conspiracy to steal trade secrets in a tense two-day court appearance.

Levandowski was the engineer who built Google's first self-driving vehicle.

"We are committed to working with Uber to make sure that each company develops its own technology", Waymo said in a statement.

The case hinged on Waymo's ability to show not only that Levandowski had taken Google's private source code, but that Uber had used it improperly to catch up with rivals.

Kalanick had been called up for both the prosecution and defence as a witness, meaning he would have had to testify a second time.

Waymo also said Uber had infringed three patents relating to its LiDAR technology: U.S. numbers 8,836,922; 9,368,936; and 9,086,273.

The jury was asked to consider whether Uber had used eight trade secrets - whittled down from an original list of 121 - in its self-driving technology.

Uber plans to have a public IPO in 2019.

Khosrowshahi expressed his regret over how the issue had been handled by Uber when it first emerged and admitted that the acquisition of Otto could also have been handled differently.

The sector also includes most major automakers, technology platforms and ride services such as Lyft.

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