Staff organising the TuSimple sales space for CES 2022 on the Las Vegas Conference Middle on Jan. 3, 2022.
Alex Wong | Getty Pictures Information | Getty Pictures
Embattled Chinese language autonomous trucking firm TuSimple has rebranded to CreateAI, specializing in video video games and animation, the corporate introduced Thursday.
The information comes as GM folded its Cruise robotaxi enterprise this month, and the once-hot sector of self-driving startups has began to weed out stragglers. TuSimple, which straddled the U.S. and China markets, had its personal challenges: considerations over automobile security, a $189 million settlement of a securities fraud lawsuit and delisting from the Nasdaq in February.
Now, simply over two years after CEO Cheng Lu rejoined the corporate within the position after being pushed out, he expects the enterprise can break even in 2026.
That is because of a online game based mostly on the hit martial arts novels by Jin Yong that is slated to launch an preliminary model that 12 months, Cheng stated. He anticipates “a number of hundred million” in income in 2027 when the complete model is launched.
Earlier than the delisting, TuSimple stated it misplaced $500,000 within the first three quarters of 2023, and spent $164.4 million on analysis and growth throughout that point.
Firm co-founder Mo Chen has a “lengthy historical past” with the Jin Yong household and began work in 2021 to develop an animated function based mostly on the tales, Cheng stated.
The corporate claims its synthetic intelligence capabilities in growing autonomous driving software program give it a base from which to develop generative AI. That is the next-level tech powering OpenAI’s ChatGPT, which generates human-like responses to consumer prompts.
Together with the CreateAI rebrand, the corporate debuted its first main AI mannequin referred to as Ruyi, an open-source mannequin for visible work, obtainable through the Hugging Face platform.
“It is clear our shareholders see the worth on this transformation and need to transfer ahead on this route,” Cheng stated. “Our administration group and Board of Administrators have obtained overwhelming help from shareholders.” The corporate stated it’s scheduled to carry its annual shareholders assembly Friday.
He stated the corporate plans to extend headcount to round 500 subsequent 12 months, up from 300.
Slicing manufacturing prices by 70%
Whereas nonetheless below the title TuSimple, the corporate in August introduced a partnership with Shanghai Three Physique Animation to develop the primary animated function movie and online game based mostly on the science fiction novel sequence “The Three-Physique Drawback.”
The corporate stated on the time that it was launching a brand new enterprise section to develop generative AI purposes for video video games and animation.
CreateAI expects to decrease the price of top-tier, so-called triple A recreation manufacturing by 70% within the subsequent 5 to 6 years, Cheng stated. He declined to share whether or not the corporate was in talks with gaming big Tencent.
When requested concerning the impression of U.S. restrictions, Cheng claimed there have been no points and stated the corporate used a mixture of China and non-China cloud computing suppliers.
The U.S. below the Biden administration has ramped up limits on Chinese language companies’ entry to superior semiconductors used to energy generative AI.
Correction: This story has been up to date to mirror that CreateAI, previously TuSimple, is scheduled to carry its annual shareholders assembly Friday.
