Latest news with #TuSimple
South China Morning Post
3 days ago
- Entertainment
- South China Morning Post
Hong Kong author Louis Cha's novels form the basis of China's next AAA video game
CreateAI, formerly known as the autonomous vehicle firm TuSimple , aims to make Heroes of Jin Yong 'one of the largest-scale triple-A, open-world role-playing games (RPGs)' in the market, president and CEO Lu Cheng told the South China Morning Post on the sidelines of the recent ChinaJoy 2025 trade show in Shanghai He said CreateAI's global rights cover the development of Cha's intellectual property into an open-world RPG for personal computers and the PlayStation 5 console from Sony Interactive Entertainment 'It is a huge software engineering project,' Lu said. He pointed out that the most difficult part of the development process was maintaining the high standards for both the game's aesthetics and combat features, while handling a massive amount of digital resources. According to Lu, Heroes of Jin Yong will feature characters across a span of 300 years and more than 120 famous scenes from Cha's 15 martial arts novels. Building on that foundation, the game will present an expansive 960-square-kilometre world teeming with diverse gameplay, side stories and an immersive wuxia experience.
Yahoo
29-05-2025
- Business
- Yahoo
Hawley urges DOJ probe of Chinese trucking company
FIRST ON FOX – Sen. Josh Hawley, R-Mo., asked the Justice Department on Thursday to investigate a Chinese-owned self-driving trucking company, one of the largest in the U.S., citing allegations that it had shared proprietary data and other sensitive technology with state-linked entities in Beijing. The letter, sent to U.S. Attorney General Pam Bondi and previewed exclusively to Fox News Digital, asks the Justice Department to open a formal investigation into the autonomous truck company TuSimple Holdings, a Chinese-owned company and one of the largest self-driving truck companies in the U.S. In it, Hawley cites recent reporting from the Wall Street Journal that alleges that TuSimple "systematically shared proprietary data, source code, and autonomous driving technologies" with Chinese state-linked entities— what he described as "blatant disregard" of the 2022 national security agreement with the Committee on Foreign Investment in the United States, or CFIUS. "These reports also revealed communications from TuSimple personnel inside China requesting the shipment of sensitive Nvidia AI chips and detailed records showing 'deep and longstanding ties' with Chinese military-affiliated manufacturers," Hawley said. Trump Nominates Former Defense Attorney Emil Bove For Federal Appeals Court Vacancy He noted that to date, TuSimple "has not faced serious consequences" for sharing American intellectual property with China, despite having continued to share data with China after signing a national security agreement with the U.S. government in 2022, which was enforced by the Committee on Foreign Investment in the U.S. Read On The Fox News App "If the reports about TuSimple are accurate, they represent not just a violation of export law, but a breach of national trust and a direct threat to American technological leadership," Hawley said. Trump Admin Working To Fly Back Guatemalan Migrant Erroneously Deported From Us "The American people deserve to know how and why a supposedly U.S.-based company was allowed to serve as a conduit for the transfer of sensitive innovations to the Chinese Communist Party," he added. The letter asks Bondi and the Justice Department to take certain steps to investigate the company's actions, as alleged by the recent reports – including investigating whether TuSimple provided protected information to any Chinese-based entities, and what activities were covered by the company's national security agreement with CFIUS, struck more than two years ago. Hawley also asked Bondi what actions, if any, DOJ has taken to date to ensure that Bot Auto—a new Texas-based self-driving vehicle company staffed by many former TuSimple employees, "is not engaging in similar behavior." According to the Wall Street Journal report, TuSimple's actions helped shape new Commerce Department regulations, which blocked the sale of internet-linked cars and different components with links to China. According to the report, a CFIUS investigation determined TuSimple's tech sharing did not violate the official national security agreement— but the company was fined for other infractions, and ultimately paid out a $6 million settlement. The letter comes as Hawley, who chairs the Senate Judiciary Committee's Subcommittee on Crime and Counterterrorism, has emerged as one of the Senate's more vocal critics of the Chinese Communist Party, especially as it relates to the conduct of certain U.S. companies, and the sharing of certain intellectual article source: Hawley urges DOJ probe of Chinese trucking company
Fox News
29-05-2025
- Business
- Fox News
Hawley urges DOJ probe of Chinese trucking company
FIRST ON FOX – Sen. Josh Hawley, R-Mo., asked the Justice Department Thursday to investigate a Chinese-owned self-driving trucking company, one of the largest in U.S., citing allegations that it had shared proprietary data and other sensitive technology with state-linked entities in Beijing. The letter, sent to U.S. Attorney General Pam Bondi and previewed exclusively to Fox News Digital, asks the Justice Department to open a formal investigation into the autonomous truck company TuSimple Holdings, a Chinese-owned company and one of the largest self-driving truck companies in the U.S. In it, Hawley cites recent reporting from the Wall Street Journal that alleges that TuSimple "systematically shared proprietary data, source code, and autonomous driving technologies" with Chinese state-linked entities— what he described as "blatant disregard" of the 2022 national security agreement with the Committee on Foreign Investment in the United States, or CFIUS. "These reports also revealed communications from TuSimple personnel inside China requesting the shipment of sensitive Nvidia AI chips and detailed records showing 'deep and longstanding ties' with Chinese military-affiliated manufacturers," Hawley said. He noted that to date, TuSimple "has not faced serious consequences" for sharing American intellectual property with China, despite having continued to share data with China after signing a national security agreement with the U.S. government in 2022, which was enforced by the Committee on Foreign Investment in the U.S. "If the reports about TuSimple are accurate, they represent not just a violation of export law, but a breach of national trust and a direct threat to American technological leadership," Hawley said. "The American people deserve to know how and why a supposedly U.S.-based company was allowed to serve as a conduit for the transfer of sensitive innovations to the Chinese Communist Party," he added. The letter asks Bondi and the Justice Department to take certain steps to investigate the company's actions, as alleged by the recent reports – including investigating whether TuSimple provided protected information to any Chinese-based entities, and what activities were covered by the company's national security agreement with CFIUS, struck more than two years ago. Hawley also asked Bondi what actions, if any, DOJ has taken to date to ensure that Bot Auto—a new Texas-based self-driving vehicle company staffed by many former TuSimple employees, "is not engaging in similar behavior." According to the Wall Street Journal report, TuSimple's actions helped shape new Commerce Department regulations, which blocked the sale of internet-linked cars and different components with links to China. According to the report, a CFIUS investigation determined TuSimple's tech sharing did not violate the official national security agreement— but the company was finned for other infractions, and ultimately paid out a $6 million settlement. The letter comes as Hawley, who chairs the Senate Judiciary Committee's Subcommittee on Crime and Counterterrorism, has emerged as one of the Senate's more vocal critics of the Chinese Communist Party, especially as it relates to the conduct of certain U.S. companies, and the sharing of certain intellectual property.
Yahoo
29-05-2025
- Business
- Yahoo
TuSimple Reportedly Shared Self-Driving Data With China
TuSimple—now known as CreateAI—shared sensitive data with a Beijing-owned company after it signed an agreement with the U.S. government promising to stop sharing such data with firms in China, the Wall Street Journal reported Tuesday. In February 2022, TuSimple signed the agreement, targeted at protecting national security. It had six months to begin complying with the order, which stipulated the company would disentangle its business and its burgeoning technology from The Committee on Foreign Investment (CFIUS) was responsible for ensuring TuSimple's compliance with the agreement. More from Sourcing Journal US-Based Chinese Logistics Firms Caught Using Counterfeit USPS Labels FedEx Freight Taps New CEO, Chairman Ahead of 2026 Spinoff Yellow Nets $14M in Terminal Sales, Sets Up Saia to Further Expand US Footprint WSJ reported TuSimple sent data to Chinese autonomous vehicles a week after the agreement was signed by both entities. According to WSJ, the interagency body found that TuSimple's data sharing didn't violate that agreement; nonetheless, it did find other contraventions, which saw TuSimple paying a $6 million settlement fee, albeit without accepting fault for the issues CFIUS reportedly found. The Journal further noted that TuSimple in 2021—prior to the CFIUS agreement—brokered a deal between Chinese companies Foton and Hydron that would see the two developing autonomous trucks together, while Hydron shared an office with TuSimple. The publication further noted that TuSimple subsequently shared documents detailing how to build the autonomous vehicles it had built in the U.S.—including information about brakes, chips, steering, servers and powering the vehicle and noted that the sharing continued after the CFIUS agreement had been signed, until the compliance period officially began. WSJ reported that one of TuSimple's founders denied having sent any such information to Hydron and denied any involvement with Foton, despite the Journal having seen evidence to the contrary. TuSimple's tango with CFIUS was far from its only regulatory ruckus during this time; the U.S. Securities and Exchange Commission (SEC) also investigated TuSimple in 2022, with a special interest in the relationship between the company and Hydron. Public documentation shows that TuSimple indicated it had come to a settlement agreement with the SEC that just needed to be finalized, but the CFIUS investigation—and another investigation brought against TuSimple by the Commerce Department because of its purported relationship with technology giant Nvidia. But TuSimple, in the form that it was then, is long gone. In January 2024, the company announced that it would delist from the Nasdaq, citing cost-value imbalances. That move came after layoffs and issues with venture capital funding, which later saw TuSimple auctioning off 10 of its autonomous big rigs. In its place is CreateAI, which leverages generative AI to create video content. That venture, stood up in December 2024, comes after TuSimple vacated the U.S. market; the company told TechCrunch that despite its efforts to operate an autonomous vehicle business in China, its agreement with CFIUS made such an attempt extremely difficult. CreateAI is funded by some of the money left in TuSimple's wake But CreateAI isn't the only venture that TuSimple alumni are involved with; according to WSJ, Xiaodi Hou, one of the company's founders, has started a new company based out of Texas called Bot Auto. He has recruited ex-TuSimple employees. Sourcing Journal could not reach CreateAI, formerly TuSimple, for comment.
Yahoo
28-05-2025
- Automotive
- Yahoo
Why Pony AI Stock Is Falling Hard Today
Pony AI's shares are likely falling based on another autonomous-vehicle company's actions. Chinese electric-vehicle companies are slashing prices, which could be affecting Pony AI as well. There's a lot of uncertainty in the global automotive industry right now. 10 stocks we like better than Pony Ai › Shares of the Chinese autonomous-driving company Pony AI (NASDAQ: PONY) were falling this morning. The decline came after reports that TuSimple, a maker of self-driving trucks, sent sensitive autonomous-vehicle data to China even as it promised the U.S. government not to disclose information based on national security concerns, according to The Wall Street Journal. Pony AI isn't part of the controversy, but the U.S. and China aren't exactly on the best of terms right now amid tariff concerns and geopolitical positioning. The reports about TuSimple are likely worrying some investors that the U.S. could take a more restrictive approach on how autonomous-vehicle data is collected by Chinese companies. Pony AI's stock was down by 13.8% as of 11:16 a.m. ET Wednesday. The U.S. is increasingly focused on protecting data and technology created here from being exported to Chinese companies and the Chinese government. That's led to restrictions on what types of semiconductors can be sold to China and protections against American social media data being exported to China. That's why the Journal's report that TuSimple shared self-driving trade secrets with China could be affecting Pony AI's stock today. Pony AI has permits to operate its autonomous vehicles in several states, and investors may be worried that TuSimple's supposed actions may reflect poorly on the company and potentially lead to increased government scrutiny. Another factor that could be affecting the company's stock price today is that Chinese electric-vehicle (EV) companies are slashing prices. For example, BYD is one of the leading EV companies in China, and it just cut its vehicle prices by up to 34% for some models. Pony AI works with several Chinese EV companies, and investors may be concerned that a slowdown in the EV industry there could hurt its business. With Chinese EVs facing headwinds, tariff uncertainty between the U.S. and China, and now concerns over autonomous-vehicle data, there are plenty of variables that could cause Pony AI's stock to remain volatile right now. That doesn't mean it isn't a good long-term buy, but investors should be aware that the global automotive industry is facing significant pressures right now, and that's spilling over to companies connected to the industry, including those in self-driving tech. Before you buy stock in Pony Ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Pony Ai wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends BYD Company. The Motley Fool has a disclosure policy. Why Pony AI Stock Is Falling Hard Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
