However, the deal was confirmed by both parties. Apart from this, it is assumed that these companies have adequate financial support.
USA ride hailing business Lyft has formed a partnership with Alphabet's self-driving auto unit Waymo to help develop self-driving vehicles, the two companies have announced.
In a statement to TC, Waymo today said that the court granted it "expedited discovery" and that the company will "use this to further protect our work and hold Uber fully responsible for its misconduct". With the help of this medium, the technology will reach out to more cities and people. And it places Waymo a step closer to becoming a business with real-world customers. But Alsup determined that Waymo's patent infringement theories were too weak to support such an order. Otto was since acquired by Uber for $700m, and now the technology is instrumental to the workings of Otto and Uber's self-driving vehicles. Uber has, of course, denied all the allegations.
But with the added heft of Google-owned Waymo (and, presumably, the global mapping information, consumer data, and massive cash war chest of its parent company), Lyft's chances versus Uber in the coming autonomous vehicle wars just got a lot better. Also, due to the lawsuit filed, Uber's technology development is facing certain hindrances. Waymo has also sufficiently shown, for purposes of the instant motion only, that the 14,000-plus purloined files likely contain at least some trade secrets, and that some provisional relief is warranted while this case progresses toward trial. But Lyft has a network of consumers that use the company's app. Waymo, which is not consumer-facing, could benefit from that network as it races to bring the technology to the public. Lyft took a smart move of teaming up with a company that has already developed such technology.
Amid the legal battle, Waymo has aligned itself with Lyft, Uber's chief USA ride-hailing competitor. The probe, combined with other legal and image woes, will likely reduce Uber's value and in the worst case could threaten the San Francisco company's existence if investors leave, criminal charges bring huge fines and legal action stalls autonomous vehicle research, legal experts have said.