A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation
tuSimple(TSP) TechCrunch·2024-09-14 02:18
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 video game business. The pivot has not only puzzled and enraged several shareholders, but also threatens to pull the company back into a legal morass mere weeks after reaching a preliminary settlement in a class action lawsuit. Now, a fight is brewing over roughly $450 million in funds, the bulk of which remains in the United States, TechCrunch has learned ...