Waymo had initially sought a $1 billion settlement final yr earlier than the trial received underway, however Uber rejected that deal. Waymo has settled for 0.34 p.c of Uber’s fairness on the firm’s $72 billion valuation, which is round $245 million. Uber can’t use any of Waymo’s or software program commerce secrets and techniques as one of many circumstances of the settlement. That’s fascinating, particularly for the reason that commerce secrets and techniques on the coronary heart of the case had been all associated to . Judge Alsup had instructed Waymo to deliver a separate lawsuit towards Uber if it wished to dam the corporate from utilizing its software program.
This article sources data from NextBigFuture.com