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TuSimple has discharge its pivot away from self-governing truckage to AI vivification and play with a rebrand . The company shall henceforth be known as CreateAI .
Therebrandcomes as TuSimple isembroiled in controversyover the company ’s plan to move its stay on U.S. assets to China to fund the new business , which it ab initio announce in August .
TuSimple shut down its U.S. self - push truck surgical operation and delisted from the stock market in January 2024 , three age after raising $ 1.35 billion in its initial public offering . The company had primitively planned to re-start operations in China , but originally this year , TuSimple break up ways with most of its autonomous driving faculty . briefly after , it started hiring for role concern to AI vitality and play .
Some shareowner have object to the business pivot and accused Mo Chen , TuSimple ’s other co - founder , chief producer , and conductor , of self - dealings .
Chen owns or has tie to several other animation and gaming companies . And it appear Chen ’s other business are regard in TuSimple / CreateAI ’s new speculation . In a recentfiling , TuSimple said that the board approve a $ 25 million pot in November with two game development ship’s company that are associate with Chen to develop and distribute “ Heroes of Jin Yong , ” a role - playing video game . To contract likely conflicts of involvement , in May 2024 , Chen transferred his possession interest in those society to a trustingness that he does not ensure , though the donee of the combine are member of his syndicate , per the filing .
CreateAI does n’t have an active AV development program . But in September , TuSimple CEO Cheng Lu tell TechCrunch the troupe still intended to license its ego - driving technology to partners in China . CreateAI ’s business organisation plan , published Wednesday , also cite a plan to monetize subsist autonomous drive IP .
Some shareholders , notably co - beginner and former CEO Xiaodi Hou , desire to prevent the society from run its stay hard cash plus , which were $ 450 million in September , to China .
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Hou earlier this weekcalled on shareowner to help him overturn the board of directors and replace them with a board that would liquidate the company and return all existing hard currency to stockholder .
CreateAI ’s program for that chapiter is becoming more clear . Alongside its rebrand , CreateAI has declare the entry of its first major “ image - to - video ” AI model named “ Ruyi , ” which is available as open source on Hugging Face . The company say in a statement that it developed Ruyi in under six months in part by leveraging “ technological know - how building upon the company ’s autonomous driving expertise . ” CreateAI says its role model also lays the creation for proprietary AI tool and substructure for TV game and Zanzibar copal content development .
“ We are confident that our integrate approach at the intersection of productive AI and digital amusement creation is a speciate factor , one that provides meaning long - term growth opportunities , ” Lu said in a financial statement .
CreateAI , which is also influence with Japanese anime intriguer Shōji Kawamori , known as the “ Father of Macross , ” to bring the novel “ The Three - Body Problem ” to life history as an invigorate feature film and telecasting game , also bring out itslong - term business strategyfor generative AI vivification and gaming .
This clause has been updated to clear up CreateAI ’s involvement with Shōji Kawamoriand that “ some ” not all shareholders have objected to the company ’s new business direction .
