Monday, 26 February, 2018

Uber reaches almost quarter billion dollar settlement with Waymo as trial dismissed

Google's Waymo, Uber Settle Battle Over Self-Driving Technology: Reports Uber and Waymo settle self-driving car case for $244m in equity
Troy Mann | 10 February, 2018, 02:17

Waymo's lawyer Charles Voehoeven addresses the jury in the Waymo v. Uber trial over allegedly stolen self-driving auto trade secrets.

Uber has maintained there's no evidence that the files Levandowski downloaded contained trade secrets, or that the information made it into Uber's technology and designs. Uber had initially offered to settle the case for $490 million just before the start of the trial Monday, but that agreement didn't provide Waymo with enough assurances that its technology wouldn't be improperly used, according to two people familiar with the thinking of both parties in the lawsuit.

Uber wound up firing Levandowski last May after he refused to relinquish his constitutional rights against self-incrimination when questioned about whether he stole trade secrets before leaving Google. He added that Uber does not believe it used any of Waymo's proprietary information, nor does it believe it acquired Waymo's trade secrets. I've told Alphabet that the incredible people at Uber ATG are focused on ensuring that our development represents the very best of Uber's innovation and experience in self-driving technology. "We are committed to working with Uber to make sure that each company develops its own technology", the statement said. Of course, we are also competitors.

In an online post, Uber CEO Dana Khosrowshahi expressed regret that the argument had to resort to litigation. The figure is significantly less than what Waymo was originally seeking as the publication says the company wanted at least $1 billion past year. For that I am sorry.

Uber has gone on to raise more than $14 billion in new funding and last month closed a deal with SoftBank Group Corp, in which the Japanese conglomerate, along with other investors, took about a 17.5 percent stake in the company.

Thousands of air travelers delayed as snowstorm hits upper Midwest
Eight inches was reported in parts of northern IL and up to about 6 inches was reported the Chicago area. More than 200 flights were also canceled Friday morning at Detroit Metropolitan Airport.


Police identify theft suspect from hand-drawn sketch as Hung Phuoc Nguyen
A witness provided a simple ID sketch to police - a cartoon drawing of a man with no eyebrows and small circles for eyes. But a few days later, police said the suspect had been identified as 44-year-old Hunt Phuoc Nguyen.


Apple Source Code For iBoot Gets Posted Online
Despite these assurances from Apple , some security experts have warned iPhone and iPad users to secure their devices. In 2004, for example, millions of lines of code were leaked for Microsoft's Windows NT and 2000 operating systems.


"There is no question that self-driving technology is crucial to the future of transportation - a future in which Uber intends to play an important role", he writes.

The trade secrets case began on February 5th, 2018. Judge Alsup had instructed Waymo to bring a separate lawsuit against Uber if it wished to block the company from using its software.

"Generally, Google was super not happy, unpumped about us doing this", said Kalanick, who stepped down as Uber's chief executive in June. The settlement caps a week of contentious proceedings, including testimony from embattled former Uber CEO Travis Kalanick.

Still, Uber sees this as a big win, especially since it clears the deck for the company ahead of its expected public offering. In April 2016, Uber and Otto agreed that Uber would buy Levandowski's company, and the acquisition was completed the following August in a deal reported to be worth $680 million in stock and cash. While Uber's former CEO Travis Kalanick probably likely would have continued fighting, no matter the cost, Khosrowshahi saw the value in putting the case behind him. As part of the agreement, Uber will pay Waymo $244.8 million in equity. He's looking to improve Uber's relationship with drivers, negotiate with cities such as London that threaten to boot the service, and generally present a public face that contrasts with the take-no-prisoners approach of his predecessor.

Recommended

  • Philippines to cancel US$233 mil helicopter deal with Canada

    Philippines to cancel US$233 mil helicopter deal with Canada

    The country recently signed a deal with Canada to buy 16 Bell helicopters, which will be delivered early next year. We respect the stand of Canada", he said during a media briefing Friday morning.
    New York Times Digital Subscriptions Drives Revenue Gains

    New York Times Digital Subscriptions Drives Revenue Gains

    Digital subscription revenue increased 51 percent for the quarter, to $96 million, and 46 percent for the year, to $340 million. Still, it's worth keeping in mind that Facebook's market cap is more than $500 billion; Alphabet's is more than $700 billion.
    CVS Health Corp (CVS) Stake Boosted by Rhumbline Advisers

    CVS Health Corp (CVS) Stake Boosted by Rhumbline Advisers

    Taking current value along prior value is a smoothing technique similar to that used in calculating an exponential moving average. Consulta Ltd decreased its stake in Visa Inc (V) by 60% based on its latest 2017Q3 regulatory filing with the SEC.
  • Trump frustrated with Hicks' role in Porter scandal

    Trump frustrated with Hicks' role in Porter scandal

    Kelly says a senior aide's resignation came within an hour of learning about new accusations of spousal abuse. Holderness' accusation followed a similar claim made by Porter's second wife, Jennifer Willoughby, on Tuesday.
    Olympic Hockey 2018: Latest Odds for Team USA, Canada and More Countries

    Olympic Hockey 2018: Latest Odds for Team USA, Canada and More Countries

    Facing Canada again is a tantalizing prospect, but Duggan said the Americans aren't looking beyond their opener against Finland. But some of her earliest memories aren't the best. "I've never seen a team win a championship based off of paper", Roe said.
    Mahindra EV range leads charge at stall during Auto Expo 2018

    Mahindra EV range leads charge at stall during Auto Expo 2018

    The company also showcased technological advancement in electric and hybrid technology with global technological marvel Ioniq. The vehicle is also equipped with i3S (idle-start-stop tech) that, up until now, was seen only on Hero motorcycles.
  • Lawmakers promise new districting map

    Lawmakers promise new districting map

    Meyer says Democrats have already recruited as many candidates as they did in 2016. New districts will likely increase Democratic chances to win several seats.
    CDC reports flu season is similar to 2009 swine flu

    CDC reports flu season is similar to 2009 swine flu

    According to CDC experts, antiviral drugs are most effective when taken within the first 48 hours of symptoms being shown. There were also an additional 10 pediatric deaths reported, bringing the total to 63 pediatric deaths this flu season.
    Facebook answers calls for a dislike button with 'downvote' feature

    Facebook answers calls for a dislike button with 'downvote' feature

    Instead, Facebook built the Reactions options that let you respond to posts and comments with love, wow, haha, sad or angry emoji. Facebook's most recent addition to help expressing opinion was in 2016, when the company implemented reactions .
  • Sexy shirtless Tongan hunk Pita Taufatofua grabs Olympic attention again

    Sexy shirtless Tongan hunk Pita Taufatofua grabs Olympic attention again

    The opening ceremony saw plenty of fireworks, but one person stole the show and captured the hearts of millions around the world. Taufatofua told the Olympic Channel last month that he qualified for the Pyeongchang Games in a last-ditch attempt in Iceland.
    All The Best Deals For National Pizza Day

    All The Best Deals For National Pizza Day

    Before you order, consider this: A study from food delivery provider Foodler determined the most popular pizza toppings. This West Coast pizza chain is giving away one free personal pizza per person when you buy a Pepsi fountain drink.
    Eurostar launches new London-Amsterdam service

    Eurostar launches new London-Amsterdam service

    This means passengers will have to change at Brussels, leaving the return journey time at an estimated four hours and 49 minutes. Our new route marks the culmination of the extensive investment in high speed rail on both sides of the Channel.

We Need To See Season Through - Chelsea Star Hopeful Of Winning Trophy We Need To See Season Through - Chelsea Star Hopeful Of Winning Trophy He signed a two-year extension last year but a disappointing campaign this season could see him dismissed. One player who has been a constant for the past 5.5 years has been Eden Hazard .

In Breakthrough, Scientists Grow Human Eggs to Maturity In Breakthrough, Scientists Grow Human Eggs to Maturity The new research offers a way for eggs to be extracted, grown and used, without the need to re-implant the tissue. Egg cell maturation is the process in which human egg cells develop to a stage where they can be fertilised.

Wall Street gaining as volatility eases Wall Street gaining as volatility eases But with a strong economy comes concern over inflation and rising interest rates, which can affect corporate profits. Brent crude, used to price global oils, lost 58 cents to $64.23 in London.

Apple's TV App Adds Direct Access to Live News Channels Apple's TV App Adds Direct Access to Live News Channels On the main "Watch Now" tab, if you scroll past your "Up Next" queue and the top recommendations, there's a new "News" section. If the app hasn't been installed on your phone, tablet or Apple TV, you will be prompted to install it from the App Store.

Three law enforcement officers shot in Georgia Three law enforcement officers shot in Georgia The officer killed was identified as Chase Maddox , 26, the Georgia Bureau of Investigation said in a Twitter message. Images on local television showed police tape around two homes in a cul-de-sac of a Locust Grove subdivision.

California Lawmaker, Outspoken Leader Of #MeToo Movement, Accused Of Sexual Harassment California Lawmaker, Outspoken Leader Of #MeToo Movement, Accused Of Sexual Harassment As they talked she put her hand on his forearm, then moved her hand to his upper back and started stroking him lightly, he said. "Upon reflection of the details alleged, I am certain I did not engage in the behavior I am accused of", Ms.

PM Modi Likely To Announce Super-Specialty Hospital In Palestine Today PM Modi Likely To Announce Super-Specialty Hospital In Palestine Today The Palestinian Presidency, in a pre-arrival welcome statement, has described the upcoming visit as "historic and significant". India-UAE ties were elevated to that of a Comprehensive and Strategic Partnership during Modi's visit in 2015.

McIlroy's outlook on golf matches climate at Pebble McIlroy's outlook on golf matches climate at Pebble This is the second tournament of the year that features the top three players in the world: Dustin Johnson , Jon Rahm and Spieth. Looming is the Masters in two months, the major McIlroy lacks for the career Grand Slam.

Myanmar Forces and Buddhist Villagers Torched Rohingya Homes, then Killed Myanmar Forces and Buddhist Villagers Torched Rohingya Homes, then Killed That does not match any account of the killings that Reuters heard from paramilitary forces or local villagers. The images were provided by a Buddhist village elder, Reuters said.

Explosion hits mosque in Libyan city of Benghazi Explosion hits mosque in Libyan city of Benghazi A twin bombing attack in a mosque claimed the lives of two people and 55 other injured. The UN has been trying to mediate for years, hoping elections can help stabilise Libya.

Big flop show: SBI Q3 net loss at Rs 1887 crore Big flop show: SBI Q3 net loss at Rs 1887 crore SBI December quarter net profit is seen at Rs2,059.4 crore, according to a Bloomberg poll of 16 analysts. Fee income rose from Rs 4,710 crore to Rs 4,979 crore - a growth of 5.71 per cent.

Vikings to hire Eagles QB coach John DeFilippo as new offensive coordinator Vikings to hire Eagles QB coach John DeFilippo as new offensive coordinator The Vikings will reportedly hire John DeFilippo as their new offensive coordinator according to ESPN's Adam Schefter on Thursday. DeFilippo served as the Cleveland Browns offensive coordinator in 2015, and also called plays at San Jose State in 2011.

Yum! Brands, Inc. Stock Rises After Q4 2017 Earnings Results Yum! Brands, Inc. Stock Rises After Q4 2017 Earnings Results The stock has settled 5.18%, since the beginning of the year when measuring the initial price as compared to the finishing price. The company expects to generate revenue in the range of $960 million in FY2018, compared to $683 million in the previous year .

Game of Thrones creators handed Star Wars project Game of Thrones creators handed Star Wars project They plan to get started on Star Wars when the final season of HBO's " Game of Thrones " is complete . The service is set to debut in 2019 and will likely include these new shows in its inaugural line-up.

Education Realty Trust Inc (NYSE:EDR) Institutional Investors Quarterly Sentiment Among 16 analysts covering Physicians Realty Trust (NYSE:DOC), 13 have Buy rating, 0 Sell and 3 Hold. (NYSE:DLR) or 5,500 shares. The firm earned "Buy" rating on Sunday, December 10 by Stifel Nicolaus. (NYSE:DLR) is now 0.96466. (NYSE:PFE) shares.