Happy Friday from Quick Shift! After a full week in court to hear the Uber-Waymo case, a weekend has never looked so sweet. -- Katie Burke
Five days into the landmark lawsuit brought by Waymo against Uber, the two companies said they have reached a settlement. The settlement calls for Uber to pay Waymo $244.8 million in the form of stock -- or 0.34 percent of Uber's $72 billion valuation.
"We are committed to working with Uber to make sure that each company develops its own technology," a Waymo spokesman said in a statement. "This includes an agreement to ensure that any Waymo confidential information is not being incorporated in Uber Advanced Technologies Group hardware and software."
Get comfortable. Though Tesla assured analysts during its fourth quarter earnings call that it was addressing Model 3 production delays and was on the path toward profitability, it seems customer wait times for the base trim Model 3 aren't getting any shorter. Reservation holders reported Wednesday night that they had received emails from Tesla that they would not get the $35,000 sedan until late this year or early 2019.
- A Cruise autonomous vehicle accident report describes an incident in which a cab driver got out of his car to hit the prototype robotaxi.
- Could we be overestimating artificial intelligence?
- Qualcomm's board shot down Broadcom's improved $121 billion takeover bid, but offered to meet.
- Pittsburgh Mayor Bill Peduto makes the case for the city as an autonomous vehicle capital.
- Nvidia posts eye-popping earnings, but automotive business is stalled.
- China's largest electric-vehicle battery maker sets eyes on U.S.
- One writer is unsure Waymo will win against Uber.
- Judge says GrubHub drivers are contractors, not employees.
- Ford says Ford Canvas subscription service is off to a great start.