Gadgetory

it's time to pump the brakes the court battle for self-driving car secrets is over whammo reached a settlement with uber over the alleged theft of 14,000 trade secret files wham-o is the autonomous car unit of Google's parent company alphabet high-profile witnesses like former uber CEO Travis kalanick would call during the trial which was expected to last three weeks but lawyers quickly reached a settlement at the end of week one when the settlement came down we heard an audible gasp throughout the courtroom everyone was completely shocked as we were exiting the courtroom none of the lawyers wanted to give a comment and none of the jury said they would speak to us but one / lawyer did say now I'm gonna go walk my dog how's that for a comment meaning but he was really happy the trial was over and he could move on sources familiar with the negotiations told CNET that is part of the deal Weimer gets 0.34% of ubers equity that's a value of around two hundred and forty five million dollars it isn't as much as the 1.8 billion dollars that Weimer originally wanted but this is still one of the largest settlements ever from any trial over trade secrets so what this means for the two companies is that they're gonna go forward and compete fairly so develop their own technology with their own engineers Karen uber CEO Derek ozra shahi issued an olive branch to weigh Moe in a statement saying the companies were partners but also competitors he also said uber did not believe any trade secrets made their way from Weimer to uber Weimer said the settlement would help protect its intellectual property going forward now the race is truly on to bring a fully autonomous car to the world you