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Waymo and Uber Settle Trade Secret Lawsuit

On the fifth day of trial over alleged trade secret misappropriation, Waymo and Uber announced that they had reached a settlement, and the case was dismissed with prejudice. According to reports, as part of the settlement, Waymo obtained an equity stake in Uber, valued at approximately $245 million. The settlement encompasses both hardware and software trade...

Driverless Vehicles and Real Estate

The advent of self-driving cars will certainly transform transportation and, in turn, the auto insurance market. But other industries are also likely to be affected by self-driving technology. A recent article contends that once driverless cars come into use, real estate may no longer be “all about location, location, location.” The ability to commute in autonomous vehicles may drive...

Senate Commerce Committee Holds Hearing on Auto Innovation

This week, the Senate Committee on Commerce, Science and Transportation held a field hearing on “Driving Automotive Innovation and Federal Policies.” Chairman John Thune gave the opening statement, stating that automated vehicles and new business models, driven by technological advancements, are “poised to enable substantial growth.” Chairman Thune pointed to...

Your Self-Driving Pizza Is on the Way

Pizza Hut and Toyota have announced a partnership to develop fully autonomous delivery vehicles. The self-driving concept vehicle shown at the Consumer Electronics Show could support pizza delivery or even pizza making, potentially serving as a “mobile kitchen.” Pizza Hut has suggested that driverless vehicles could also open a door to job opportunities for people who do not own...

Some Predictions for Auto Insurance in 2018

The CEO of telematics company TrueMotion recently predicted that 2018 would see some changes in the auto insurance industry. He predicts that customer experience will become paramount for insurance companies, likely meaning a change in claims, among other things. Carriers will increase their use of usage-based insurance and mobile telematics. And “consumers, regulators, and insurers”...

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