Uber is using Waymo tech in its self-driving cars. That could be an expensive problem. - Business Insider

A self-driving vehicle used for test drives conducted by Uber Technologies in Pittsburgh, Pennsylvania"will likely" have to strike a deal with Waymo or develop it's own software, the company said.

While it was unclear by when the company needed to decide on its next move in the blockbuster trade secrets dispute, Uber, in a quarterly securities filing on Tuesday, said that a detour in its software development "could limit or delay our production of autonomous vehicle technologies." Waymo began as a project within sister company Google a decade ago, while Uber launched its effort four years ago.Waymo told Reuters in a statement that the independent software expert's findings "further confirm Waymo's allegations that Uber misappropriated our software intellectual property. We will continue to take the necessary steps to ensure our confidential information is not being used by Uber.

Waymo had alleged in court filings in 2017 that Uber was "misappropriating two, highly valuable Waymo trade secrets related to planner software," which processes data from sensors on the vehicle and controls its movement.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber delivers mixed Q3 earnings results - Business Insider - Business InsiderUber accelerated revenue growth in its core ride-hailing segment after more than a year of stagnation, but still has a net loss of $1.2B in Q3 2019.
Source: BusinessInsider - 🏆 729. / 51 Read more »

After Its Much-Hyped IPO, Uber Has Hemorrhaged Billions Of Dollars—Is Its Business Model Sustainable?Uber was one of the most highly anticipated unicorn IPOs of 2019, but it has hemorrhaged billions of dollars ever since—is its business model sustainable? Articles like this should come with a disclaimer- WARNING: there is zero insight in this article, you will not be any smarter after reading it, and you will have wasted 5 to 7 minutes of your life that you will never get back. Anyone who has ever taken Uber or Lyft would NEVER go back to taxis - even at the same price - so there's room to raise prices. I still pay half what I used to pay for a taxi to go on a airport run. Even at the same price the experience is far superior to any taxi service.
Source: Forbes - 🏆 394. / 53 Read more »

Glovo acquires Poland's PizzaPortal to beat Uber Eats for $39 million - Business InsiderGlovo, a food delivery app which is thrashing Uber Eats in parts of Europe, just acquired a Polish competitor for $39 million
Source: BusinessInsider - 🏆 729. / 51 Read more »