Latest news with #selfDriving
Fox News
3 days ago
- 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
23-05-2025
- Automotive
- Yahoo
Tesla (TSLA) Will No Longer Be Seen as 'Just' an Automaker, Investor Says
"In the next few years," Tesla, Inc. (NASDAQ:TSLA) will no longer be viewed as "just" an automaker, well-known investor Bryn Talkington said recently on CNBC. Talkington tremendously praised the automaker's self-driving technology and what she called its "manufacturing expertise." A frequent guest on CNBC who owns TSLA stock, Talkington is a managing partner of Requisite Capital Management. Talkington noted that she owns a Tesla EV and said that it takes her between her house and the airport without her having "to touch it." Despite reports of the self-driving technology occasionally making major mistakes on the road, Talkington suggested that she has not seen it make any significant errors although she uses the self-driving system "all the time." At some point, many owners of Tesla's EVs are going to pay $99 per month to use the technology, she said, Talkington noted that Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk talked extensively about the company's upcoming humanoid robots in a recent interview. Given Tesla, Inc. (NASDAQ:TSLA)'s autonomous-vehicle efforts and its extensive humanoid-robot program, TSLA will over the longer term no longer be seen as just an automaker, the investor believes. Finally, the company's "manufacturing expertise" is "underestimated," Talkington contended. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
22-05-2025
- Automotive
- Yahoo
Xiaomi's $28B Bet: Take Down Tesla, Beat Apple, and Build a Chinese ChatGPT
Xiaomi (XIACY) just dropped its boldest moves yet. At its 15th anniversary showcase, CEO Lei Jun introduced the YU7a five-meter electric SUV that could outrun Tesla (NASDAQ:TSLA) Model Y in a 0100 sprint, and possibly go 760km on a single charge. That wasn't all. He also pulled back the curtain on the Xring O1, Xiaomi's first self-developed 3nm chip, aimed at competing with Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) in premium mobile processing. Together, they mark a turning point for the company once known for budget phones and rice cookers. Warning! GuruFocus has detected 6 Warning Signs with XIACY. But this splashy product reveal came with baggage. Just weeks ago, Xiaomi was under fire after a fatal crash involving its SU7 sedan sparked doubts about its self-driving system. Orders plunged. Trust wavered. Many wondered if its $10 billion EV dream was at risk. Lei didn't dodge itin fact, he leaned in. "Yes, we have flaws," he said, promising a five-year surge in achievements. The YU7 won't launch until July, and there's still no pricing or pre-order date. But make no mistake: this is Lei's moonshothis final startup mission, and a direct shot at Tesla and BYD (BYDDF) What's different this time? It's not just about hardware. Xiaomi is now positioning itself as a full-stack tech contender. Beyond the $28 billion pledged for R&D over five years, the company also confirmed a $7 billion decade-long investment in chip development. It even introduced MiMo, its own large language modelXiaomi's answer to the AI arms race. If successful, this shift could mark a breakout moment for the company's long-running pivot from low-cost electronics to strategic tech dominance. Investors are watching closely. Because if Xiaomi delivers on even part of this vision, the next five years might not just be redemptionthey might be reinvention. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
22-05-2025
- Automotive
- Yahoo
Xiaomi's $28B Bet: Take Down Tesla, Beat Apple, and Build a Chinese ChatGPT
Xiaomi (XIACY) just dropped its boldest moves yet. At its 15th anniversary showcase, CEO Lei Jun introduced the YU7a five-meter electric SUV that could outrun Tesla (NASDAQ:TSLA) Model Y in a 0100 sprint, and possibly go 760km on a single charge. That wasn't all. He also pulled back the curtain on the Xring O1, Xiaomi's first self-developed 3nm chip, aimed at competing with Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) in premium mobile processing. Together, they mark a turning point for the company once known for budget phones and rice cookers. Warning! GuruFocus has detected 6 Warning Signs with XIACY. But this splashy product reveal came with baggage. Just weeks ago, Xiaomi was under fire after a fatal crash involving its SU7 sedan sparked doubts about its self-driving system. Orders plunged. Trust wavered. Many wondered if its $10 billion EV dream was at risk. Lei didn't dodge itin fact, he leaned in. "Yes, we have flaws," he said, promising a five-year surge in achievements. The YU7 won't launch until July, and there's still no pricing or pre-order date. But make no mistake: this is Lei's moonshothis final startup mission, and a direct shot at Tesla and BYD (BYDDF) What's different this time? It's not just about hardware. Xiaomi is now positioning itself as a full-stack tech contender. Beyond the $28 billion pledged for R&D over five years, the company also confirmed a $7 billion decade-long investment in chip development. It even introduced MiMo, its own large language modelXiaomi's answer to the AI arms race. If successful, this shift could mark a breakout moment for the company's long-running pivot from low-cost electronics to strategic tech dominance. Investors are watching closely. Because if Xiaomi delivers on even part of this vision, the next five years might not just be redemptionthey might be reinvention. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Top Gear
19-05-2025
- Automotive
- Top Gear
'Self-driving cars don't exist in the UK,' says university boffin
Tech ... and they won't before 2028 at least. Uber's 'driverless' cabs will have to hold their, er, sensors Skip 1 photos in the image carousel and continue reading Is Uber ready to put driverless taxis onto Blighty's roads? Commercially, sure. Technologically? Maybe. Legally? Definitely not. The government has pushed that expectation out to the latter half of 2027. But even that date sounds ambitious to Professor Siddartha Khastgir, Head of Safe Autonomy at the University of Warwick. He explained to at the FT's Future of the Car summit: 'There's a phase between having regulation... and understanding how you will use it. Self-driving cars don't exist in the UK. They will, but right now, no.' Advertisement - Page continues below The good scientist reckons autonomously driven (AD) cars won't be on UK roads much before 2028, and wants us to mind our self-driving language. 'Tesla [cars are] not autonomous. [The tech] is assistance.' This is why the can has been routinely walloped down the road. Currently, there are two systems in Europe and the UK officially capable of AD: the BMW Personal Pilot, found in the 7 Series, and the Mercedes-Benz DrivePilot, featured in both the S-Class and EQS. Yup, these are the only two systems legitimately able to take over from the driver. You might like Before you grab your Kindle and recline the seat, here's the kicker - neither system is legal to use in the UK. Even in Germany, where these features are authorised for Joe Public, the car has to hand back control in the rain. Khastgir grins: 'Imagine a product like that in the UK – it would keep handing control back!' Uber might be impatient to get its self-driving taxis deployed here in the UK, but the whole thing gets murkier when you compare regulatory styles. In the US, manufacturers 'self-certify' – as in, 'trust me, we've done the homework'. If things go pear-shaped, it's up to the courts to clean everything up. Europe and the UK on the other hand require third-party certification from independent government bodies. Advertisement - Page continues below And that 'Full Self-Driving' badge you've seen Stateside? The carmaker might have added '(Supervised)' but that won't be sufficient over here. Khastgir says: 'It is a criminal offence in the UK for a carmaker to use 'self-driving' terminology to make it sound like the car can legally drive itself when it actually cannot.' The Secretary of State for Transport has a list of cars authorised for 'self-driving', and in 2025... there's nothing on it. Khastgir says we're getting used to assisted -driving features reacting in ways we don't expect – think autonomous emergency braking for an obstacle that isn't there. That's bad enough when you've got your hands on the wheel, but for autonomous driving? Nope, that just won't cut it. So, back to the drawing board then? Not quite: the UK is pushing hard to become a world leader in autonomous tech. But with strict rules and soggy skies, the road to self-driving will be a hands-on journey. Ironic, huh? Thank you for subscribing to our newsletter. Look out for your regular round-up of news, reviews and offers in your inbox. Get all the latest news, reviews and exclusives, direct to your inbox.
