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Investors rebel as TuSimple pivots from self-driving trucks to AI gaming
TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and
The letter, viewed by TechCrunch, alleges “potentially fraudulent activities” and asks the board to investigate whether funds were being misappropriated “to facilitate the growth of private ventures” established by Mo Chen, TuSimple’s co-founder and chairman. Lu’s declaration also noted the temporary restraining order threatened two contracts to license the company’s advanced driver assistance technology to truck manufacturers in China, as well as TuSimple’s ongoing collaboration with Nvidia. Despite protests from some shareholders, TuSimple has defended its actions, arguing that both a national security agreement in 2022 with the Committee on Foreign Investments in the United States and temporary restraining orders from California courts have made it next to impossible to run self-driving operations in China.
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