Former TuSimple co-founder urges courts to block asset transfer to China

Quick Summary:

Xiaodi Hou, the co-founder and former CEO of self-driving trucking startup TuSimple, has urged a California district court to issue a temporary restraining order to stop the company from transferring its remaining U.S.assets to China, according to a recent court filing.

Shareholders sent a letter to the board in August after learning TuSimple was putting resources toward AI gaming and animation.

But as the year progressed, TuSimple slashed its workforce, ceased self-driving operations, and began hiring staff to handle jobs related to AI gaming and animation.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesChina

Topics: Autonomous vehicles TuSimple Xiaodi hou Transportation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 19:01:00 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 830 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23671605

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