Uber settles dispute with Alphabet's self-driving vehicle unit

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Uber was so driven to "win at all costs" in the race to develop self-driving vehicles that it cheated, a Waymo lawyer told a jury, at an opening salvo in a trade-secrets lawsuit between the technology companies that could help determine who emerges in the forefront of the autonomous auto business.

Uber agreed to pay 0.34% of its equity, or about $245 million, according to a person with knowledge of the accord.

"We're bringing this case because Uber is cheating".

"We have reached an agreement with Uber that we believe will protect Waymo's intellectual property now and into the future".

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Khosrowshahi apologized to Google employees in the statement, saying Uber's acquisition of a self-driving auto company, Otto, "could and should have been handled differently".

Wednesday is Kalanick's second day of testimony in a trial centered on allegations that he conspired with former Google engineer Anthony Levandowski to rip off Google's self-driving auto project, while Uber was attempting build its own robotic vehicles.

In 2015, at the start of the civil case, Waymo accused Uber of using trade secrets stolen by one of its former engineers.

The end of the case closes a sordid chapter in the relationship between former Uber CEO Travis Kalanick and Alphabet CEO Larry Page.

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Khosrowshahi did not acknowledge, however, wrongdoing with trade secrets. Over the a year ago, you've been distracted from your mission.

But the prospect that a couple of Waymo employees may have inappropriately solicited others to join Otto, and that they may have potentially left with Google files in their possession, in retrospect, raised some hard questions.

"We are committed to working with Uber to make sure that each company develops its own technology", a Waymo spokesman said on Friday.

"As we change the way we operate and put integrity at the core of every decision we make, we look forward to the great race to build the future".

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Waymo sued Uber almost a year ago, sparking a showdown between the two technology companies over allegations by Waymo that one of its former engineers took trade secrets just before quitting and going to work at Uber. "Of course, we are also competitors".

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