Uber, Waymo reach $245m settlement in trade-secrets case

After five days of trial, Uber agreed to settle a case filed by Google’s autonomous car unit Waymo which accused the ride-hailing service of stealing trade secrets linked to its self-driving car technology. As per the deal, Uber will pay Waymo $245 million. Waymo had originally sought a $1 billion settlement last year before the trial got underway, but Uber rejected that deal. Uber has now given assurance not to use Waymo technology in its autonomous vehicles. In the trial, Waymo contended that former Uber CEO Travis Kalanick had teamed up with former Google engineer Anthony Levandowski to steal LIDAR laser sensor technology, which serves as the eyes of self-driving vehicles (pictured). Uber’s CEO Dara Khosrowshahi said on Friday that the company does not believe trade secrets made their way from Waymo to Uber.