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Workers arrange the TuSimple sales space for CES 2022 on the Las Vegas Conference Middle on January 3, 2022.
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Controversial Chinese language autonomous transportation firm TuSimple has been renamed CreateAI and can concentrate on video video games and animation, the corporate introduced on Thursday.
The information comes as GM this month shuttered its Cruise robotaxi enterprise and the once-hot sector of self-driving startups has begun hunting down stragglers. Straddling the US and Chinese language markets, TuSimple had its personal challenges: issues about car securityA $189 million settlement of a securities fraud lawsuit and delisting from Nasdaq in February.
Now, simply over two years after CEO Cheng Lu rejoined the corporate after being kicked out, he expects the corporate to interrupt even in 2026.
That is due to a online game primarily based on Jin Yong’s widespread martial arts novels, which is predicted to launch a primary draft that yr, Cheng stated. He expects “a number of hundred million” in income by 2027 when the complete model launches.
Earlier than the delisting, TuSimple stated so misplaced $500,000 within the first three quarters of 2023and spent $164.4 million on analysis and improvement throughout that point.
Firm co-founder Mo Chen has a “lengthy historical past” with the Jin Yong household and commenced engaged on growing an animated movie primarily based on the tales in 2021, Cheng stated.
The corporate claims that its synthetic intelligence capabilities in growing autonomous driving software program give it a basis from which to develop generative AI. That is the next-level expertise powering OpenAI’s ChatGPT, which generates human-like responses to person prompts.
Together with the rebrand CreateAI, the corporate debuted its first main AI mannequin referred to as Ruyi, an open-source mannequin for visible work accessible by way of the Hugging Face platform.
“It’s clear that our shareholders see the worth of this transformation and wish to proceed on this path,” stated Cheng. “Our administration group and Board of Administrators have acquired overwhelming help from shareholders.” The corporate stated it should maintain its annual shareholder assembly on Friday.
He stated the corporate plans to extend its workforce to about 500 subsequent yr, up from 300.
Cut back manufacturing prices by 70%
Whereas nonetheless below the identify TuSimple, the corporate introduced a partnership with Shanghai Three Physique Animation in August growing the primary animated movie and online game primarily based 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 functions for video video games and animation.
CreateAI expects to cut back the price of producing so-called triple A video games by 70% over the following 5 to 6 years, Cheng stated. He declined to say whether or not the corporate was in talks with the gaming large Tencent.
When requested concerning the impression of the US restrictions, Cheng claimed there have been no points and stated the corporate used a mixture of Chinese language and non-Chinese language cloud computing suppliers.
The US below the Biden administration has elevated restrictions on Chinese language firms’ entry to superior semiconductors used to energy generative AI.
Correction: This story has been up to date to replicate that CreateAI, previously TuSimple, will maintain its annual shareholder assembly on Friday.
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