BUZ INVESTORS GOOG Accuses Uber Alphabet Inc (NASDAQ:GOOGL), which owns Google and its driverless car subsidiary, Waymo, is waging a legal war against ride sharing giant Uber.

$GOOG Accuses Uber Of Stealing Its Driverless Car Secrets

Google is suing Uber to try and block former Waymo engineer from working on self-driving car projects

BUZ INVESTORS  GOOG Accuses Uber  Alphabet Inc <span data-recalc-dims=(NASDAQ:GOOGL), which owns Google and its driverless car subsidiary, Waymo, is waging a legal war against ride sharing giant Uber." width="300" height="200" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/04/google-car.jpg?resize=300%2C200 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/04/google-car.jpg?resize=768%2C512 768w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/04/google-car.jpg?resize=1024%2C682 1024w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/04/google-car.jpg?w=1280 1280w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/04/google-car.jpg?w=1920 1920w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS  GOOG Accuses Uber  Alphabet Inc (NASDAQ:GOOGL), which owns Google and its driverless car subsidiary, Waymo, is waging a legal war against ride sharing giant Uber.

Waymo said it has evidence that Uber stole its trade secrets and wants a judge to bar the head of Uber’s autonomous driving unit from ever working on the project again. Bloomberg has some more details on the new development in the case:GOOG Accuses Uber



 

Alphabet Inc.(GOOG)– NASDAQ




 GOOG Accuses Uber

Alphabet Inc.’s Waymo made the request Friday as a federal judge weighs whether to issue a court order that may impede Uber in the race to market autonomous-driving vehicles. U.S. District Judge William Alsup in San Francisco said last month that Waymo has a strong case that its former engineer, Anthony Levandowski, downloaded thousands of confidential files before he left the company to launch his own self-driving startup, Otto, that was acquired by Uber for $680 million.

Levandowski had an obligation to protect Waymo’s intellectual property before leaving to join Uber. Now a judge must decide how best to keep further harm from occurring.

While the court case may seem trivial to many, the race to provide the first fleet of self-driving cars is very real. Tens of billions of dollars will likely flow to the winner — be it Google, Uber, Tesla, or another company.

Waymo said it has “finally learned” of a project designed by Levandowski while he was in possession of Waymo’s files. Uber has hidden the code-named design from the court, according to the filing. The name is redacted in the filing.

“They were hiding a device,” Waymo wrote, “which Uber only revealed to Waymo after one of its engineers was forced to admit it existed.”

Uber spokesman Matt Kallman said the code-named device was an abandoned project that never reached a prototype. Far from keeping it secret, Uber made it available to Waymo to inspect and photograph as part of court-ordered information sharing, he said. Waymo’s emphasis on the unnamed device represents a strategic pivot by Waymo and a retreat from its original claims, he said.

Uber is fighting the case so far without testimony from Levandowski, who wasn’t named as a defendant, but has said he’s at risk of being criminally prosecuted and has asserted his constitutional right to protect himself from self-incrimination.Like up on FACEBOOK


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Buz Investors Stealing Gold’s Safe haven Of all the headwinds hurting the gold market right now, it is really this newfound optimism over the global economy that is hurting the metal’s prices most, this according to Societe Generale’s head of metals research Robin Bhar. Speaking with Kitco News, he shared the French bank’s outlook for the yellow metal for 2017,

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