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.”
New regulations from the U.S. government may cause the price of electric vehicles to go up.
New data shows job openings fell in October even though hiring remains healthy.
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.
English Wikipedia raked in more than 84 billion views this year, according to numbers released Tuesday by the Wikimedia Foundation, the non-profit behind the free, publicly edited online encyclopedia. And the most popular article was about ChatGPT (yes, the AI chatbot that’s seemingly everywhere today).
Wikipedia has released its list of most viewed articles for 2023 with the site seeing over 84 billion visits. The most searched topic was ChatGPT with nearly 50 billion page views
Closing arguments are happening in a federal trial over whether Jetblue Airways will be allowed to buy Spirit Airlines for $3.8 billion.
Johnson and Johnson is reportedly looking to settle multiple lawsuits claiming that its baby powder causes cancer, according to Bloomberg.
Wells Fargo said it could face nearly $1 billion in severance costs in the fourth quarter.
The Supreme Court on Tuesday dismissed a case surrounding a Maine hotel that could have made it harder for people with disabilities to learn in advance whether a hotel's accommodations meet their needs.
The highly-anticipated trailer for Grand Theft Auto VI is out earlier than expected.
