The bumpy Uber Freight road to IPO. Or?
Long and winding?
BA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEAL
BA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEAL
The big news in road freight today is that Uber has cancelled the development of autonomous trucks. The company spin is that it wants to concentrate on the development of its self-driving car technology, but according to this in-depth report in TechCrunch, its is the enormous lawsuit it is facing from Google over alleged theft of autonomous truck designs, following Uber’s $680m purchase of Otto. “Nine months after the acquisition, Uber was embroiled in a trade secrets lawsuit with Waymo, the former Google self-driving project that spun out to become a business under Alphabet. Waymo accused Levandowski of hatching a plan to use trade secrets related to Waymo’s in-house development of LiDAR tech and use it to kickstart Otto and ultimately, Uber’s own self-driving technology programme.”
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