Google's Star Engineer Is Now Its Enemy Number One

February 24, 2017

Feb 24: In 2013, Anthony Levandowski was the star of Google's self-driving car project. The tall, swaggering engineer was featured in a long New Yorker story about the search engine willing the impossible technology into reality.

EngineerLess than four years later, he is Google's enemy number one.

On Thursday, Waymo, the Alphabet Inc. company formed from Google's self-driving project, filed a blistering lawsuit accusing Levandowski of taking incredibly valuable intellectual property from Alphabet to his current company, Uber Technologies Inc.

Waymo's lawsuit hinges on a series of alleged moves from Levandowski in the days leading up to his departure from Alphabet in January 2016. His web searches, downloads and access to an external drive left behind digital footprints. When exposed, they were closely scrutinized by his former employer --which is now citing them as central to its lawsuit, a rare intellectual property claim from Alphabet.

The legal case also deepens a growing rift between the two companies, which are becoming bitter rivals in mapping, autonomous vehicles and -- potentially -- Uber's core business of ride-hailing services.

At the center of it all is the six foot seven Levandowski

The prodigious engineer has spent much of his career chasing a dream of placing robotic cars on the road. While at the University of California at Berkeley, he entered a self-driving motorcycle in the 2004 DARPA Grand Challenge, a historic event for the young field.

He also started 510 Systems, a robotics firm building lasers for autonomous vehicles. The startup once ran a stunt with a self-driving pizza car. Levandowski started at Google in 2007, working on its Street View unit, where he played an instrumental role in building its mapping hardware to fit on cars.

After being recruited to its secretive car project, he continued to work on 510 Systems, according to two people familiar with the situation. Google eventually acquired the startup as it pushed deeper into self-driving technology.

Years later, Waymo would detail how Levandowski had secretly plotted his next startup, Otto, while also working for Google. Uber acquired Otto in August for $680 million.

According to Waymo's suit, Levandowski installed "specialized software" on his corporate laptop, in December 2015, loading it with 14,000 confidential files about lidar technology, vital to autonomous driving. "Levandowski took extraordinary efforts to raid Waymo's design server and then conceal his activities," the suit reads.

In January of last year, he began telling Alphabet colleagues about plans to "replicate" its technology at a competitor. The suit says he visited Uber's San Francisco headquarters on January 14, 2016 and the next day he formed a company that would become Otto.

Less than two weeks later, he resigned from Alphabet without notice.

Alphabet's lawsuit comes after a wave of significant departures from its car unit, which has still not delivered a commercial service despite years of work.

Some workers may have had additional impetus to leave. At the onset of its car project, Google set up a pay system that would reward early employees greatly upon departure, as Bloomberg News reported earlier. "Notably," Waymo's lawsuit reads, "Otto announced the acquisition [by Uber] shortly after Mr. Levandowski received his final multi-million dollar compensation payment from Google."

Levandowski was among the first to exit.

In a statement, Uber said: "We take the allegations made against Otto and Uber employees seriously and we will review this matter carefully." Levandowski didn't respond to phone calls seeking comment. "We did not steal any Google IP,'' Levandowski told Forbes last year in comments that were republished Thursday. Just want to make sure, super clear on that. We built everything from scratch and we have all of the logs to make that-just to be super clear.''Uber placed him atop their nascent autonomous vehicle efforts in July. The next month the company unveiled plans to bring self-driving cars to Pittsburgh.Waymo's suit caps a horrendous week for Uber, which is reeling from damning public charges of sexual harassment in its ranks. The company's culture has been slammed and Eric Holder, a former U.S. attorney general, has been hired to investigate.Former Google colleagues described Levandowski as "very driven," with a personality similar to Uber Chief Executive Officer Travis Kalanick.That's a comparison Kalanick made himself when he announced the acquisition of Otto."I feel like we're brothers from another mother," he said at the time.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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Agencies
July 15,2020

New Delhi, Jul 15: The employees union of state-run telecom operator BSNL will stage protests across the country on Thursday on a host of issues including the cancellation of its 4G tender and non-payment of salaries.

All major unions are organising ‘lunch-hour black-flag' demonstrations throughout the country under the banner of All Unions and Association of BSNL (AUAB), said a statement by AUAB. These demonstrations will be organised, by maintaining social distancing and by taking other precautions, like wearing of masks. The BSNL employees will also wear black-badges the whole day on July 16.

The employees body would demand that BSNL should immediately be allowed to roll out its 4G services and the tender should be issued immediately. Further, they want that in the matter of procuring new equipment and upgradation, there should not be any discrimination between BSNL and other private telecom service providers.

Recently, the Centre cancelled the 4G upgradation tender for BSNL as it had decided to come up with fresh specifications for the upgrade process, in a move to keep Chinese technology companies at bay as the border tussle escalated with the northern neighbour.

The Department of Telecommunications (DoT) would issue a fresh tender for the same, and people in the know said that Chinese companies may not be allowed to participate.

"The agitational programme is being organised to express the deep anguish and resentment of the employees against cancellation of BSNL's 4G tender, cancellation of BSNL's proposal for upgradation of its 49,300 BTSs to 4G, abnormal delay in issuing ‘Add on Order' for 4G equipments, inordinate delay in the implementation of BSNL's Revival Package and against the non-settlement of the burning problems of the employees," said the statement.

The umbrella body of BSNL's employees' unions noted that rolling out of 4G services is the backbone for the revival of this telecom PSU, but the recent cancellation of the tender floated by BSNL for procuring 4G equipment at a cost of Rs 9,300 crore, has brought the company back to square one.

It said that BSNL is already having 49,300 base transceiver stations (BTS), which are 4G compatible and through minor upgradation, all these equipment can be converted into 4G BTSs with an investment of about Rs 1,500 crore.

In addition to this, BSNL could have added another 15,000 BTSs, by placing an Add on Order to the existing mobile tender, it added.

Noting that in October 2019, the PSU could have rolled out pan-India 4G services, AUAB said: "Being the sole owner of the company, the Government of India also cannot shirk its responsibility in this matter."

"Adding insult to injury, the tender floated by BSNL to procure 4G equipment, has been cancelled by the government, based on a complaint from the Telecom Equipments and Services Promotional Council (TEPC)," it said.

AUAB said that BSNL is already lagging four years behind the private operators, in terms of 4G and the cancellation of the tender is going to inordinately delay the company's 4G launch.

Saying that TEPC's contention has been to bar foreign companies from participating in BSNL's tender, AUAB statement pointed out that when private operators are procuring equipment from multinationals, "why BSNL alone should be compelled to procure 4G equipments from domestic vendors, whose 4G technology is not tested or proven so far."

It alleged a conspiracy to destabilise BSNL by disrupting its rolling out of 4G services.

AUAB further said that even after the lapse of nine months, the implementation of the much publicised BSNL's Revival Package is moving at a snail's pace.

"Except the swift retrenchment of 79,000 BSNL employees under VRS, all other assurances given in BSNL's Revival Package have been put in cold storage."

The management should ensure that the salary payment of the employees is made on the last working day of every month. Deductions made from employees' salary, on account of "society dues", should immediately be remitted, it said.

Regarding the monetisation of the company's assets under the revival package, the organisation said that the land asset should not be handed over to corporates, at "throwaway" prices.

"These lands should be sold in a transparent manner and at the prevailing market rates. They should not be sold at book value or at circle rates. The AUAB will strictly monitor these dealings," it said.

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Agencies
June 13,2020

The Brazilian government said that the Amazon rainforest witnessed deforestation of a record 829 sq km in May, the highest monthly level since 2015.

On Friday, the National Institute for Space Research (INPE) said that deforestation in the Amazon increased by 91 sq km compared to the same period last year, reports Xinhua news agency.

Between January and April, destruction of the forest by illegal loggers and ranchers rose 55 per cent, or a total of 1,202 sq km was wiped out, it said.

The Real-time Deforestation Detection system, a federal project created to monitor human activity in the Amazon, alerted authorities to the increase in the rate of destruction of the rainforest.

A recent study by the Amazon Environmental Research Institute (IPAM) warned that deforestation in 2020 could reach 11,900 sq km if the pace of May, June, and July follows the historical average.

Deforestation in the region has soared since President Jair Bolsonaro took office last year, according to conservation groups.

He has argued that more farming and mining in protected areas of the forest were the only way to lift the region out of poverty.

Bolsonaro's environmental policies have been widely condemned but he has rejected the criticism, saying Brazil remains an example for conservation.

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