Information is Wealth.

Alphabet thinks Uber should pay $2.6 billion for allegedly stealing a single trade secret. Alphabet was in court with Uber to convince a judge to delay the Oct. 10 trial in its self-driving lawsuit against the ride-hail company. But during the hearing, an Uber attorney said that Alphabet is seeking $2.6 billion in damages for just one of the nine trade secrets the company is claiming a former Uber executive stole. Before today's hearing, the amount of damages Alphabet wanted a court to award them was not public and had been redacted from court filings. In its opposition to Alphabet's request for a trial delay, Uber claims Alphabet is simply asking for a "do-over" because its allegations that an executive stole files and brought them to Uber has weakened. Alphabet is suing Uber for trade secret misappropriation, alleging one of its former executives, Anthony Levandowski, downloaded 14,000 files and took them to Uber after it acquired his self-driving startup Otto. U...

Volvo said Monday it will sell tens of thousands of vehicles to Uber Technologies Inc. starting as early as 2019 that will serve as the ride-hailing company's self-driving taxi fleet. The so-called base vehicles will be developed off of  car  architecture currently used on Volvo's 90 series cars and the XC60 midsize SUV. Volvo said in a statement that its engineers have worked closely with Uber to develop the technology on another SUV currently on the market. The autonomous vehicle fleet will number 24,000 vehicles, according to the Wall Street Journal. It's unclear when the vehicles would be put on the road. Financial terms were not disclosed. Jeff Miller, head of auto alliances at San Francisco-based Uber, said in a statement that the agreement puts the company on a "path towards mass produced self-driving vehicles at scale." The Swedish carmaker, acquired by Chinese automaker Geely Holding in 2012, said it also plans to use the base vehicle in the developme...

Hoversurf, the Russian company behind the notorious "hoverbike", has unveiled its latest invention - a flying car with folding wings that can fit into parking spaces and promises freedom from traffic jams. Dubbed the 'Formula Project', the vertical take-off and landing (VTOL) vehicle seats up to five people, and is powered by 52 turbine propulsion units and 48 electric thrusters. Its futuristic body is formed from 3D printed carbon fibre and metals, and it has fold-away wings, so it can fit into a normal car parking space or garage. (Image: Cover Images) (Image: Cover Images) (Image: Cover Images) Hoversurf says that, unlike rival flying car concepts, its Formula Project vehicle is "ready to use in real world". "Do you know the problem of all projects of flying cars? They are all made for the future. None of them you can not use today. Impossible to parked at the store or put in a garage," the company says on its website. "Formula -...