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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
10 minutes ago
- San Francisco Chronicle
Diplomatic breakthrough elusive as Israel-Iran war stretches into second week
TEL AVIV, Israel (AP) — Hours of talks aimed at de-escalating fighting between Israel and Iran failed to produce a diplomatic breakthrough as the war entered its second week with a fresh round of strikes between the two adversaries. European ministers and Iran's top diplomat met for four hours Friday in Geneva, as President Donald Trump continued to weigh U.S. military involvement and worries rose over potential strikes on nuclear reactors. European officials expressed hope for future negotiations, and Iranian Foreign Minister Abbas Araghchi said he was open to further dialogue while emphasizing that Tehran had no interest in negotiating with the U.S. while Israel continued attacking. 'Iran is ready to consider diplomacy if aggression ceases and the aggressor is held accountable for its committed crimes,' he told reporters. No date was set for the next round of talks. Israeli Prime Minister Benjamin Netanyahu said Israel's military operation in Iran would continue 'for as long as it takes' to eliminate what he called the existential threat of Iran's nuclear program and arsenal of ballistic missiles. Israel's top general echoed the warning, saying the Israeli military was ready 'for a prolonged campaign.' But Netanyahu's goal could be out of reach without U.S. help. Iran's underground Fordo uranium enrichment facility is considered to be out of reach to all but America's 'bunker-buster' bombs. Trump said he would put off deciding whether to join Israel's air campaign against Iran for up to two weeks. The war between Israel and Iran erupted June 13, with Israeli airstrikes targeting nuclear and military sites, top generals and nuclear scientists. At least 657 people, including 263 civilians, have been killed in Iran and more than 2,000 wounded, according to a Washington-based Iranian human rights group. Iran has retaliated by firing 450 missiles and 1,000 drones at Israel, according to Israeli army estimates. Most have been shot down by Israel's multitiered air defenses, but at least 24 people in Israel have been killed and hundreds wounded. Worries rise over the perils of attacking Iran's nuclear reactors Addressing an emergency meeting of the U.N. Security Council, the head of the International Atomic Energy Agency warned against attacks on Iran's nuclear reactors, particularly its only commercial nuclear power plant in the southern city of Bushehr. 'I want to make it absolutely and completely clear: In case of an attack on the Bushehr nuclear power plant, a direct hit would result in a very high release of radioactivity to the environment,' said Rafael Grossi, chief of the U.N. nuclear watchdog. 'This is the nuclear site in Iran where the consequences could be most serious.' Israel has not targeted Iran's nuclear reactors, instead focusing its strikes on the main uranium enrichment facility at Natanz, centrifuge workshops near Tehran, laboratories in Isfahan and the country's Arak heavy water reactor southwest of the capital. Grossi has warned repeatedly that such sites should not be military targets. After initially reporting no visible damage from Israel's Thursday strikes on the Arak heavy water reactor, the IAEA on Friday said it had assessed 'key buildings at the facility were damaged,' including the distillation unit. The reactor was not operational and contained no nuclear material, so the damage posed no risk of contamination, the watchdog said. Iran previously agreed to limit its uranium enrichment and allow international inspectors access to its nuclear sites under a 2015 deal with the U.S., France, China, Russia, Britain and Germany in exchange for sanctions relief. But after Trump pulled the U.S. unilaterally out of the deal during his first term, Iran began enriching uranium up to 60% — a short, technical step away from weapons-grade levels of 90% — and restricting access to its nuclear facilities. Iran has long maintained its nuclear program is for peaceful purposes, but it is the only non-nuclear-weapon state to enrich uranium up to 60%. Israel is widely believed to be the only Middle Eastern country with a nuclear weapons program but has never acknowledged it. Israel says 'difficult days' ahead Israel said its warplanes hit dozens of military targets across Iran on Friday, including missile-manufacturing facilities, while an Iranian missile hit Israel's northern city of Haifa, sending plumes of smoke billowing over the Mediterranean port and wounding at least 31 people. Iranian state media reported explosions from Israeli strikes in an industrial area of Rasht, along the coast of the Caspian Sea. Israel's military had warned Iranians to evacuate the area around Rasht's Industrial City, southwest of the city's downtown. But with Iran's internet shut off — now for more than 48 hours — it's unclear how many people could see the message. The Israeli military believes it has destroyed most of Iran's ballistic missile launchers, contributing to the steady decline in Iranian attacks. But several of the roughly three dozen missiles that Israel said Iran fired on Friday slipped through the country's aerial defense system, setting off air-raid sirens across the country and sending shrapnel flying into a residential area in the southern city of Beersheba, a frequent target of Iranian missiles where a hospital was hit Thursday.
Yahoo
11 minutes ago
- Yahoo
Investors should consider this growth stock… it's SpaceX's competition
Rocket Lab (NASDAQ:RKLB) is a US-listed growth stock that gives investors rare access to the commercial space sector. As a vertically integrated launch and space systems provider, Rocket Lab is often compared to SpaceX in its ambition and capabilities. But there's one crucial difference: you can actually buy shares in Rocket Lab, while SpaceX remains private. Rocket Lab delivers launch services, builds small and medium-class rockets, and manufactures spacecraft components for a range of commercial, government, and defense customers. With rapid revenue growth, an impressive order book, and expansion into new markets, Rocket Lab offers public market investors a way to participate in the booming space economy. It targets many of the same opportunities as its more famous, privately held peer. Rocket Lab and SpaceX operate in the same commercial space sector but differ significantly in scale, maturity, and valuation. Rocket Lab's market cap is currently $12.85bn, with trailing 12 months (TTM) revenue of approximately $460m. Despite strong growth — revenue nearly doubled from $240m in 2023 — Rocket Lab remains a smaller, earlier-stage player focused on small to medium launch vehicles and spacecraft manufacturing. Its valuation multiples are extremely high, with a forward price-to-sales ratio of 22.3 times, reflecting investor optimism. SpaceX, by contrast, is a far more mature private company valued at about $350bn. It's projected to generate $15.5bn in revenue in 2025. This is driven by its dominant Falcon 9 launch services and rapidly growing Starlink satellite internet business. SpaceX's valuation implies roughly a 22.5 times multiple on forward revenue. This is broadly in line with Rocket Lab. Focusing on Rocket Lab, the company is projected to deliver rapid revenue growth over the next several years, with estimates rising from $573m in 2025 to $889 in 2026, $1.2bn in 2027, and $1.69bn in 2028. This represents annual growth rates consistently above 30%, and even a jump of nearly 77% in 2030. However, the number of analysts providing forecasts declines sharply after 2027, dropping from 11–14 analysts in the near term to just two or one by 2028 and 2030. The one analyst projecting as far as 2030 sees $4bn in revenue for the year. I had the chance to buy Rocket Lab shares at $15 just two months ago. I missed out as unfortunately my attention had been diverted elsewhere. However, I found another entry point. And personally, I see this as an investment to hold for a very long period. The space industry is still in its early innings, with enormous potential as satellite launches, lunar missions, and in-orbit services become increasingly mainstream. And like any investment, there are risks. Rocket Lab remains loss-making. It's expected to turn a profit in 2026, when it will trade at 620 times earnings. And while this moderates to 140 times in 2027, it's still expensive and introduces plenty of execution risk. However, I certainly believe UK investors should consider this one. It could be a real winner going forward. The post Investors should consider this growth stock… it's SpaceX's competition appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has positions in Rocket Lab. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
The Hill
25 minutes ago
- The Hill
Diplomatic breakthrough elusive as Israel-Iran war stretches into second week
TEL AVIV, Israel (AP) — Hours of talks aimed at de-escalating fighting between Israel and Iran failed to produce a diplomatic breakthrough as the war entered its second week with a fresh round of strikes between the two adversaries. European ministers and Iran's top diplomat met for four hours Friday in Geneva, as President Donald Trump continued to weigh U.S. military involvement and worries rose over potential strikes on nuclear reactors. European officials expressed hope for future negotiations, and Iranian Foreign Minister Abbas Araghchi said he was open to further dialogue while emphasizing that Tehran had no interest in negotiating with the U.S. while Israel continued attacking. 'Iran is ready to consider diplomacy if aggression ceases and the aggressor is held accountable for its committed crimes,' he told reporters. No date was set for the next round of talks. Israeli Prime Minister Benjamin Netanyahu said Israel's military operation in Iran would continue 'for as long as it takes' to eliminate what he called the existential threat of Iran's nuclear program and arsenal of ballistic missiles. Israel's top general echoed the warning, saying the Israeli military was ready 'for a prolonged campaign.' But Netanyahu's goal could be out of reach without U.S. help. Iran's underground Fordo uranium enrichment facility is considered to be out of reach to all but America's 'bunker-buster' bombs. Trump said he would put off deciding whether to join Israel's air campaign against Iran for up to two weeks. The war between Israel and Iran erupted June 13, with Israeli airstrikes targeting nuclear and military sites, top generals and nuclear scientists. At least 657 people, including 263 civilians, have been killed in Iran and more than 2,000 wounded, according to a Washington-based Iranian human rights group. Iran has retaliated by firing 450 missiles and 1,000 drones at Israel, according to Israeli army estimates. Most have been shot down by Israel's multitiered air defenses, but at least 24 people in Israel have been killed and hundreds wounded. Addressing an emergency meeting of the U.N. Security Council, the head of the International Atomic Energy Agency warned against attacks on Iran's nuclear reactors, particularly its only commercial nuclear power plant in the southern city of Bushehr. 'I want to make it absolutely and completely clear: In case of an attack on the Bushehr nuclear power plant, a direct hit would result in a very high release of radioactivity to the environment,' said Rafael Grossi, chief of the U.N. nuclear watchdog. 'This is the nuclear site in Iran where the consequences could be most serious.' Israel has not targeted Iran's nuclear reactors, instead focusing its strikes on the main uranium enrichment facility at Natanz, centrifuge workshops near Tehran, laboratories in Isfahan and the country's Arak heavy water reactor southwest of the capital. Grossi has warned repeatedly that such sites should not be military targets. After initially reporting no visible damage from Israel's Thursday strikes on the Arak heavy water reactor, the IAEA on Friday said it had assessed 'key buildings at the facility were damaged,' including the distillation unit. The reactor was not operational and contained no nuclear material, so the damage posed no risk of contamination, the watchdog said. Iran previously agreed to limit its uranium enrichment and allow international inspectors access to its nuclear sites under a 2015 deal with the U.S., France, China, Russia, Britain and Germany in exchange for sanctions relief. But after Trump pulled the U.S. unilaterally out of the deal during his first term, Iran began enriching uranium up to 60% — a short, technical step away from weapons-grade levels of 90% — and restricting access to its nuclear facilities. Iran has long maintained its nuclear program is for peaceful purposes, but it is the only non-nuclear-weapon state to enrich uranium up to 60%. Israel is widely believed to be the only Middle Eastern country with a nuclear weapons program but has never acknowledged it. Israel said its warplanes hit dozens of military targets across Iran on Friday, including missile-manufacturing facilities, while an Iranian missile hit Israel's northern city of Haifa, sending plumes of smoke billowing over the Mediterranean port and wounding at least 31 people. Iranian state media reported explosions from Israeli strikes in an industrial area of Rasht, along the coast of the Caspian Sea. Israel's military had warned Iranians to evacuate the area around Rasht's Industrial City, southwest of the city's downtown. But with Iran's internet shut off — now for more than 48 hours — it's unclear how many people could see the message. The Israeli military believes it has destroyed most of Iran's ballistic missile launchers, contributing to the steady decline in Iranian attacks. But several of the roughly three dozen missiles that Israel said Iran fired on Friday slipped through the country's aerial defense system, setting off air-raid sirens across the country and sending shrapnel flying into a residential area in the southern city of Beersheba, a frequent target of Iranian missiles where a hospital was hit Thursday.
