Uber settles lawsuit with Waymo

Tecchrunch ---------- Uber has agreed to settle the lawsuit brought against it by Waymo for theft of some of the company’s trade secrets. As part of the settlement Uber has agreed to work with Waymo to ensure that the company’s LIDAR and software represents just the work of Waymo engineers. The agreement also comes with a financial settlement that is 0.34% of Uber’s equity, valued at Series G-1 round which gave the company a $72 billion valuation. An early morning statement was released from Uber chief executive Dara Khosrowshahi regarding the settlement which Khsorowshahi said was about finding a way to “set the course for the future of the company.” To learn more click on the picture below to read the article.