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DeepNewz, mobile.
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TuSimple, once a leading startup in the self-driving truck industry, is facing significant challenges as it attempts to move $450 million to China and pivot to AI animation. The company, which has seen its shares plummet by 99.52% since its IPO in 2021, is causing confusion and concern among investors with this strategic shift. The move marks a significant departure from its original focus on autonomous trucking, raising questions about the future direction of the company. The story was first reported by TechCrunch, highlighting TuSimple's new focus on AI gaming.
The fight over what's left of self-driving truck startup TuSimple is nowhere close to done. Wild, wild tale from @RebeccaBellan and @ritacyliao https://t.co/yR9kd2eTFn
Startling story from @RebeccaBellan and @ritacyliao - TuSimple was once a budding darling of the self-driving industry, and even went public. Now it's trying to pivot to AI gaming in China, and investors are confused and upset: https://t.co/GjcTGGDDrc tip @Techmeme
$TSPH - Headline of the week: "A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation." -$TSPH shares are -99.52 since 2021 IPO. https://t.co/gv2HhsI9v3 via @techcrunch