A surprise settlement brought an early end to the high-profile court battle between Uber and Waymo on Friday.
And Quartz’s Alison Griswold says that, after all the drama, there was one person who came out as the winner: Uber’s new chief exec Dara Khosrowshahi.
“He wrote this letter [after the agreement] saying that his job is to set the course for the future of the company,” she said. “He gets to come out looking like the adult in the room and the one who’s cleaning up the mistakes of his predecessor, which is only good for his image of turning Uber around.”
Waymo, the self-driving car unit of Google parent Alphabet, sued Uber a year ago, alleging trade secret theft. At trial this week, lawyers painted a picture of a vast conspiracy by former CEO Travis Kalanick and Anthony Levandowski, a former Waymo engineer whose start-up Otto was acquired by Uber in 2016, to steal technology and get ahead in the autonomous vehicle race.
But before the start of the fourth day of testimony, the companies said they reached a deal. Uber agreed not to use any Waymo technology or components in its cars. The company also handed over a 0.34 percent stake, valued at about $245 million.
In his letter, Khosrowshahi said he regretted the actions that led to the trial and that he agrees “Uber’s acquisition of Otto could and should have been handled differently.”
Fans of the Grand Theft Auto series got a glimpse of the latest release that's not due out until 2025. The trailer was officially released after a leak on the 'X' platform, giving an idea to industry experts of the massive effect GTA will have on the gaming sector. Cheddar News senior reporter Michelle Castillo breaks it all down.
Tax season is around the corner as soon as we conclude the holiday festivities. Mark Steber, chief tax information officer with Jackson Hewitt, joined Cheddar News to discuss some tax changes that people should be aware of and what to expect during next year's tax filing season.
The holiday season is here and it could be a stressful time as people plan shopping, cooking and traveling. Sally Holmes, editor-in-chief of InStyle Magazine, joined Cheddar News to discuss a new social media trend #Treatculture that helps people take a moment to treat themselves and how that is a psychological benefit to relieve stress.
