Anthony Levandowski, the engineer and autonomous vehicle startup founder who was at the center of a trade secrets lawsuit between Uber and Waymo, has been ordered to pay $179 million to end a contract dispute over his departure from Google. Reuters was the first to report the court order. An arbitration panel ruled in December… Continue reading Anthony Levandowski ordered to pay $179 million to Google
Tag: Uber
Ex-Uber self-driving head declares bankruptcy after $179 million loss to Google
SAN FRANCISCO (Reuters) – The former head of Uber Technologies Inc’s self-driving technology unit, Anthony Levandowski, filed for bankruptcy protection on Wednesday, shortly after a court confirmed that he must pay $179 million to Google to end a legal battle over his split from the Alphabet Inc unit. FILE PHOTO: Former Google and Uber engineer… Continue reading Ex-Uber self-driving head declares bankruptcy after $179 million loss to Google
Driverless car startup Five raises $41m investment from Direct Line and Airbnb backer – City A.M.
London tech firm Five has today closed $41m in funding from a slew of new investors, including Trustbridge Partners, Direct Line and Sistema VC. The series B fundraising was supported by existing backers Lakestar, Amadeus Capital Partners, Kindred Capital and Notion Capital — which between them have backed the likes of Airbnb, Klarna, Graphcore and… Continue reading Driverless car startup Five raises $41m investment from Direct Line and Airbnb backer – City A.M.
Uber driver reclassified as employee in France
France’s Court of Cassation, a court of last resort, has ruled that a former Uber driver should have been considered an employee instead of a self-employed partner. As the Court of Cassation is the supreme court of appeal in that case, Uber can no longer appeal the decision. Back in June 2017, an Uber driver… Continue reading Uber driver reclassified as employee in France
Uber open to using self-driving tech from competition: CEO
FILE PHOTO: Uber CEO Dara Khosrowshahi speaks to the media at an event in New Delhi, India, October 22, 2019. REUTERS/Anushree Fadnavis/File Photo (Reuters) – Uber Technologies Inc’s self-driving unit is open to using technology from competitors in the industry, the company’s chief executive said on Wednesday. “If any of those competitors want to put… Continue reading Uber open to using self-driving tech from competition: CEO
Top French court deals blow to Uber by giving driver ’employee’ status
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo PARIS (Reuters) – France’s top court has recognized the right of an Uber (UBER.N) driver to be considered an employee,… Continue reading Top French court deals blow to Uber by giving driver ’employee’ status
Lyft posted record sales last week, and coronavirus might be the key driver
REUTERS/Mike Blake Lyft racked up record sales and customer journeys in the same week that coronavirus fears sparked a massive stock-market selloff. “Last week was our single biggest week in our history in terms of both revenue and rides,” Lyft finance chief Brian Roberts said. Commuters, shoppers, and others may be springing for Lyft rides… Continue reading Lyft posted record sales last week, and coronavirus might be the key driver
Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet
We are still years away from a time when fully-autonomous cars will be able to drive us from A to B, and the complexity of getting to that point is likely going to need hundreds of billions of dollars of investment before it becomes a reality. That hard truth is leading to some shifts in… Continue reading Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet
Uber sold its food delivery business in India to Zomato for $206M
Uber sold its food delivery business in India to the local rival Zomato for $206 million, the American ride-hailing company disclosed in a regulatory filing in one of its key overseas markets. In January, Uber announced that it had sold the India business of Uber Eats to Zomato for a 9.99% stake in the loss-making… Continue reading Uber sold its food delivery business in India to Zomato for $206M
Ride-Hailing Apps Create 69% More Emissions than Trips They Replace
With ride-hailing services now providing more trips nationally than taxis, the growth of ride-hailing has directly contributed to increased local pollution and exacerbated traffic congestion in dense urban areas. Photo via Uber. Ride-hailing companies like Uber and Lyft have experienced exponential growth in a short period of time. The expansion of these services is changing… Continue reading Ride-Hailing Apps Create 69% More Emissions than Trips They Replace