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Waymo demanded $1 billion in settlement talks with Uber

8 days ago   |   By VentureBeat

Alphabet Inc's Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company , sources familiar with the proposal told Reuters.
The Waymo self-driving car unit also asked that an independent monitor be appointed to ensure Uber does not use Waymo technology in the future, the sources said.
Uber rejected those terms as non-starters, said the sources, who were not authorized to publicly discuss settlement talks. The precise dollar amount requested by Waymo and the...
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Waymo proposed $1 billion Uber settlement w/ public apology, vying for permanent injunction

Waymo proposed $1 billion Uber settlement w/ public apology, vying for permanent injunction

8 days ago   |   By 9to5Google

Waymo's lawsuit against Uber was surprising on a number of fronts, including Google and Alphabet's normal hesitancy towards suits. However, as it stated, Waymo found Uber's actions a particularly large affront. Reuters has now discovered what Waymo is demanding from Uber in settlement talks to stop the case from going to trial.
more...
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Waymo's staggering settlement demand for Uber: $1 billion

Waymo's staggering settlement demand for Uber: $1 billion

8 days ago   |   By Ars Technica

Enlarge (credit: Jaap Arriens/NurPhoto via Getty Images)
Alphabet's self-driving car company Waymo wants at least $1 billion -and a public apology-to end its trade secrets lawsuit against Uber, according to a report from Reuters this morning. The report cites sources "familiar with the proposal," and it doesn't specify the exact dollar amount or when the proposal was tendered. Waymo parent Alphabet also sought independent oversight to be sure that Uber doesn't use its technology.
Uber rejected the demands, and no further settlement talks are currently scheduled, according to the story.
The...
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Apple Donating $1 Million to Fire Relief Efforts in Northern California

Apple Donating $1 Million to Fire Relief Efforts in Northern California

8 days ago   |   By Mac Rumors

Apple has pledged to donate $1 million to fire relief efforts in Northern California, reports the San Francisco Chronicle .
In addition to donating $1 million, Apple will also match employee donations two-for-one.
Image via the SF Chronicle
Tim Cook on Tuesday said Apple would donate to relief efforts, but at the time, he did not specify a dollar amount.
Our thoughts are with our Bay Area friends & neighbors affected by wildfires. Please stay safe! Apple is donating to aid relief efforts. - Tim Cook October 10, 2017
There are several fires raging in Napa, Sonoma, and Santa Rosa...
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CTA: Consumer tech spending will increase a modest 1% in Q4

CTA: Consumer tech spending will increase a modest 1% in Q4

8 days ago   |   By VentureBeat

Consumer tech spending is expected to increase only 1 percent to $96.8 billion in the fourth quarter, according to the Consumer Technology Association , the trade group that puts on the annual Consumer Electronics Show.
But Steve Koenig, senior director of market research at the CTA, said in an interview with VentureBeat that there is a bright side to that sales figure, as it represents a new record and is coming off of a very strong holiday season in 2016.
“On the surface, it sounds pretty weak, but we saw 3.8 percent holiday growth in 2016,” Koenig said. “That's a tough act to follow...
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Report: Waymo Willing To Settle With Uber For $1 Billion

Report: Waymo Willing To Settle With Uber For $1 Billion

8 days ago   |   By Android Headlines

Waymo was willing to settle with Uber and drop its lawsuit against the company in exchange for $1 billion and a public apology, among other conditions, Reuters reported on Thursday, citing people familiar with previous negotiations between the two. Alphabet's self-driving subsidiary also requested for Uber to accept having an independent supervisor oversee its future operations in order to make sure that the San Francisco, California-based company isn't using any intellectual property previously stolen from Google's unit that was spun off into Waymo by its engineer Anthony Levandowski...
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