Technology
Former TuSimple co-founder calls on courts to block asset transfers to China

Xiaodi Hou, co-founder and former CEO of autonomous trucking startup TuSimple, urged a California district court to issue a short lived restraining order to prevent the corporate from moving its remaining U.S. assets to China, according to a recent court filing.
Hou, who plans to file for a short lived restraining order in December at his next scheduled court hearing, hopes to stop TuSimple from moving tens of tens of millions of dollars in money to China. As of September, TuSimple had capital of about $450 million. Hou can be asking for expedited discovery of evidence to support his conclusions.
Hou’s statement to the court is the newest escalation in a dispute between TuSimple and a few shareholders over attempts to use investor capital to finance a brand new business in China related to AI-generated animations and video games.
This is the primary time Hou – who was ousted as CEO in 2022 – has publicly accused TuSimple and its leaders of funneling assets to animation and gaming corporations owned by or with Mo Chen, TuSimple’s co-founder and CEO related. management board under the guise of a business axis. Hou also argued that the corporate violated SEC rules by failing to inform shareholders or obtain shareholder consent before changing its business direction or transferring funds to China.
Hou now heads a brand new autonomous trucking startup in Texas
TuSimple, once valued at $8.5 billion after its 2021 IPO, faced setbacks that led to its U.S. company shutting down and delisting from the stock exchange in January 2024. The company’s stated goal was to commercialize its AV technology in China. However, because the yr progressed, TuSimple reduced its workforce, stopped operating autonomous vehicles, and commenced hiring staff to perform AI-based gaming and animation tasks.
In August, shareholders sent a letter to the board after learning that TuSimple was devoting resources to AI-based games and animations. Management responded a couple of weeks later by publicly announcing the creation of a brand new business unit.
This week, Hou urged the court to issue a short lived restraining order after noting a request filed by TuSimple China that signaled the corporate intended to transfer money (or had already done so) from the United States. TuSimple China’s two subsidiaries saw their assets grow to a complete of $150 million last week, according to Hou’s declaration and data in public documents.
“These statements indicate a suspicious increase in the value of assets registered between these two subsidiaries in a single day, which is a precursor to the transfer of a large amount of cash from the US to China,” the statement said. “The most likely scenario is that the filings in China were a preparatory step before TuSimple US transferred the money to its subsidiaries in China.”
Hou added that such large money transfers “are outside the normal course of business” and are comparable to TuSimple China’s “heyday when the company had a large fleet of autonomous trucks in Shanghai” and employed about 700 employees. In September, TuSimple China had roughly 200 employees.
The opportunity for shareholders like Hou to get what they need – which is to liquidate TuSimple in order that they can recoup a few of their losses – is shrinking.
TuSimple is in a gray area when it comes to Securities and Exchange Commission enforcement. Although TuSimple was delisted earlier this yr, the corporate continues to be registered with the SEC and subsequently subject to U.S. scrutiny. Once the cash goes to China, U.S. shareholders may have no way to get well their original investment.
TechCrunch reached out to the SEC to discover whether the agency is investigating TuSimple over shareholder complaints.
TuSimple didn’t immediately respond to TechCrunch’s request for comment.
Technology
The Legal Defense Fund withdraws from the META civil law advisory group over Dei Rolback

On April 11, the Legal Defense Fund announced that he was leaving the external advisory council for civil rights regarding the fear that the changes in technology company introduced diversity, own capital, inclusion and availability in January.
According to those changes that some perceived as the capitulation of meta against the upcoming Trump administration, contributed to their decision To leave the advisory council of the technology company.
In January, LDF, along with several other organizations of civil rights, which were a part of the board, sent a letter to Marek Zuckerberg, CEO of Meta, outlining their fears As for a way changes would negatively affect users.
“We are shocked and disappointed that the finish has not consulted with this group or its members, considering these significant changes in its content policy. Non -compliance with even its own advisory group of experts on external civil rights shows a cynical disregard for its diverse users base and undermines the commitment of the meta in the field of freedom of speech with which he claims to” return “.
They closed the letter, hoping that the finish would recommend the ideals of freedom of speech: “If the finish really wants to recommend freedom of speech, he must commit to freedom of speech for all his services. As an advisory group from external civil rights, we offer our advice and knowledge in creating a better path.”
These fears increased only in the next months, culminating in one other list, which from the LDF director, Todd A. Cox, who indicated that the organization withdraws its membership from the META civil law advisory council.
“I am deeply disturbed and disappointed with the announcement of Medical on January 7, 2025, with irresponsible changes in content moderation policies on platforms, which are a serious risk for the health and safety of black communities and risk that they destabilize our republic,” Cox wrote.
He continued: “For almost a decade, the NACP Legal Defense and Educational Fund, Inc. (LDF) has invested a lot of time and resources, working with META as part of the informal committee advising the company in matters of civil rights. However, the finish introduced these changes in the policy of the content modification without consulting this group, and many changes directly with the guidelines from the guidelines from LDF and partners. LD can no longer participate in the scope. ” Advisory Committee for Rights “
In a separate but related LDF list, it clearly resembled a finish about the actual obligations of the Citizens’ Rights Act of 1964 and other provisions regarding discrimination in the workplace, versus the false statements of the Trump administration, that diversity, justice and initiative to incorporate discriminates against white Americans.
“While the finish has modified its policy, its obligations arising from federal regulations regarding civil rights remain unchanged. The title of VII of the Act on civic rights of 1964 and other regulations on civil rights prohibit discrimination in the workplace, including disconnecting treatment, principles in the workplace which have unfair disproportionate effects, and the hostile work environment. Also when it comes to inclusion, and access programs.
In the LDF press release, announcing each letters, Cox He called attention Metal insert into growing violence and division in the country’s social climate.
“LDF worked hard and in good faith with meta leadership and its consulting group for civil rights to ensure that the company’s workforce reflects the values and racial warehouses of the United States and to increase the security priorities of many different communities that use meta platforms,” said Cox. “Now we cannot support a company in good conscience that consciously takes steps in order to introduce changes in politics that supply further division and violence in the United States. We call the meta to reverse the course with these dangerous changes.”
(Tagstranslate) TODD A. COX (T) Legal Defense Fund (T) META (T) Diversity (T) Equality (T) inclusion
Technology
Students of young, talented and black yale collect $ 3 million on a new application

Nathaneo Johnson and Sean Hargrow, juniors from Yale University, collected $ 3 million in only 14 days to finance their startup, series, social application powered by AI, designed to support significant connections and challenge platforms, similar to LinkedIn and Instagram.
A duo that’s a co -host of the podcast A series of foundersHe created the application after recognizing the gap in the way in which digital platforms help people connect. SEries focuses moderately on facilitating authentic introductions than gathering likes, observing or involvement indicators.
“Social media is great for broadcasting, but it does not necessarily help you meet the right people at the right time,” said Johnson in an interview with Entrepreneur warehouse.
The series connects users through AI “friends” who communicate via IMessage and help to introduce. Users introduce specific needs-are on the lookout for co-founders, mentors, colleagues or investors-AI makes it easier to introduce based on mutual value. The concept attracts comparisons to LinkedIn, but with more personal experience.
“You publish photos on Instagram, publish movies on Tiktok and publish work posts on LinkedIn … And that’s where you have this microinfluuncer band,” Johnson added.
The application goals to avoid the superficial character of typical social platforms. Hargrow emphasized that although aesthetics often dominates on Instagram and the content virus drives tabktok, Number It is intentional, deliberate contacts.
“We are not trying to replace relationships in the real world-we are going to make it easier for people to find the right relationships,” said Hargrow.
Parable projects carried out before the seeded (*3*)Funding roundwhich included participation with Pear VC, DGB, VC, forty seventh Street, Radicle Impact, UNCASMON Projects and several famous Angels Investors, including the General Director of Reddit Steve Huffman and the founder of GPTZERO Edward Tian. Johnson called one meeting of investors “dinner for a million dollars”, reflecting how their pitch resonated with early supporters.
Although not the principal corporations, Johnson and Hargrow based pre-coreneuring through their podcast, through which they interviews the founders and leaders of C-Suite about less known elements of constructing the company-as accounting, business law and team formation.
Since the beginning of the series, over 32,000 messages between “friends” have been mentioned within the test phases. The initial goal of the application is the entrepreneurs market. Despite this, the founders hope to develop in finance, dating, education and health – ultimately striving to construct probably the most available warm network on the earth.
(Tagstranslate) VC (T) Yale (T) Venture Capital (T) Technology (T) APP
Technology
Tesla used cars offers rapidly increased in March

The growing variety of Tesla owners puts their used vehicles on the market, because consumers react to the political activities of Elon Musk and the worldwide protests they were driven.
In March, the variety of used Tesla vehicles listed on the market at autotrader.com increased rapidly, Sherwood News announcedCiting data from the house company Autotrader Cox Automotive. The numbers were particularly high in the last week of March, when on average over 13,000 used Teslas was replaced. It was not only a record – a rise of 67% in comparison with the identical week of the yr earlier.
At the identical time, the sale of latest Tesla vehicles slowed down even when EV sales from other brands increases. In the primary quarter of 2025, almost 300,000 latest EVs were sold in the USA According to the most recent Kelley Blue Book reporta rise of 10.6% yr on yr. Meanwhile, Tesla sales fell in the primary quarter, which is nearly 9% in comparison with the identical period in 2024.
Automaks resembling GM and Hyundai are still behind Tesla. But they see growth growth. For example, GM brands sold over 30,000 EV in the primary quarter, almost double the amount of a yr ago, in line with Kelley Blue Book.
(Tagstranslat) electric vehicles
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