๐Ÿ“ˆ Business & Markets

Waymo and Uber are becoming frenemies

Wednesday, Jun 8, 2022

Waymo and Uber have signed a long-term, strategic partnership to collaborate on long-haul autonomous trucking, the two former-bitter-rivals-now-turned-partners announced yesterday, the latest development in a five-year frenemy saga.

๐ŸฅŠ Letโ€™s back upโ€ฆ In February 2017, the Alphabet-owned Waymo sued Uber and its subsidiary, self-driving truck startup Otto, seeking $1.4 billion and a public apology from Uber over allegations of trade secret theft and patent infringement.

  • The case went to trial nearly a year later, but ended after the two sides agreed to a surprise settlement.
  • Uber ended up admitting that it misappropriated tech from Waymo, and Anthony Levandowski, a former Google engineer and the founder of Otto, was sentenced to 18 months in prison for his role in the situation.

๐Ÿค–๐Ÿš› Back to the present: Uber Freight, the companyโ€™s commercial logistics division, is designed to work similarly to its main app, connecting shippers directly with independent carriers to reduce shipping costs and expensive empty cargo miles.

  • Waymo is developing autonomous tech known as Waymo Driver, which will eventually allow semi-trucks to drive themselves. With the partnership, the company plans to earmark billions of miles of driverless delivery capacity for the Uber Freight network.

๐Ÿ‘€ Looking ahead... The exact scale and timing of this agreement remains to be seen, though it could be rolled out soon. Waymo partnered with UPS to help with the holiday rush last year.

๐Ÿšข Zoom out: Autonomous driving tech isnโ€™t just for cars/trucks either. Less than a week ago, a 122,000 ton ultra-large tanker developed by HD Hyundai became the first large ship to complete an ocean passage of more than 6,210 miles under autonomous control.

Share this!

Recent Business & Markets stories

Business & Markets
ย ย |ย  June 7, 2022

Everything Apple announced yesterday

๐Ÿ“ฑ๐Ÿ’ป๐Ÿ’ณ Apple announced a slate of new software features for the upcoming iOS 16 yesterday, along with a new series of MacBooks and a novel buy-now-pay-later product.

Kyle Nowak & Peter Nowak
Read More
Business & Markets
ย ย |ย  June 7, 2022

Here comes the sun, do-do-do-do

โ˜€๏ธ๐Ÿ”Œ The Biden administration announced a pair of executive actions yesterday intended to resolve conflicts within the solar industry, which stem from an ongoing Commerce Dept. probe into allegations that Chinese companies are dodging US tariffs.

Kyle Nowak & Peter Nowak
Read More
Business & Markets
ย ย |ย  June 6, 2022

New York weighs crypto mining moratorium

๐Ÿ—ฝ NY state lawmakers on Friday approved a bill that would impose a two-year moratorium on certain types of crypto mining, sending it to the desk of Gov. Kathy Hochul. 

Kyle Nowak & Peter Nowak
Read More

You've made it this far...

Let's make our relationship official, no ๐Ÿ’ or elaborate proposal required. Learn and stay entertained, for free.๐Ÿ‘‡

All of our news is 100% free and you can unsubscribe anytime; the quiz takes ~10 seconds to complete