For its part, Waymo was all business, writing in a statement, "We are committed to working with Uber to make sure that each company develops its own technology". It had previously been alleged that Otto had really been an elaborate ruse for Uber to steal Waymo's lidar technology.
Indeed, the only person who comes out of this looking like a victor is Uber's new chief executive Dara Khosrowshahi.
Khosrowshahi expressed "regret" for the company's actions in a statement on Friday.
The deal follows a week of testimony that often shined a spotlight on the competitive tactics of former Uber CEO Travis Kalanick, who led the company since its founding in 2009 until June. Google has long invested in autonomous driving as one of its key projects for the future, and Uber saw self-driving cars as critical future part of its plans to offer more ride-sharing services around the world.
At stake were 14,000 documents containing eight specific trade secrets that Waymo says was proprietary information regarding lidar technology that helps self-driving cars navigate around obstacles.
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Still, according to a person close to the settlement negotiations, the agreement bars Uber from including Waymo's trade secrets into both its hardware and software.
Khosrowshahi was referring to the self-driving vehicle company that Uber had acquired in 2016. Waymo asked for $1 billion in settlement talks past year. Waymo then used the dowloads to sue on bogus trade-secret claims, Uber said, revealing in court Thursday that the day before the lawsuit was filed a Waymo lawyer told a company engineer tasked with evaluating the value of the files downloaded by Levandowski that Google wanted him to say it was classified as confidential.
Public accusations of sexual harassment and a toxic workplace prompted an internal investigation at Uber that resulted in more than 20 people being fired, while the company faces multiple federal criminal probes. In the trial's surreal high-water mark, a clip of the legendary "greed is good" speech from the 1987 film "Wall Street" was played for the jury and the public. Kalanick said, "I don't know, I don't remember".
Alphabet's Waymo and Uber have agreed to bury the hatchet and settle a lawsuit revolving the latter's self-driving vehicle aspirations.
"While we cannot erase the past, I can commit, on behalf of every Uber employee, that we will learn from it, and it will information our actions going forward".
And the rapprochement between the two firms makes good business sense as well. "We believe that race should be fair-and one whose ultimate winners are people, cities and our environment". Of course, we are also competitors.