China Tech Digest: Chinese Autonomous Trucking Startup TuSimple Reaches Agreement With CFIUS; Fourier Intelligence Joins International Federation of Robotics

Chinese autonomous trucking startup TuSimple reaches agreement with CFIUS

Chinese autonomous trucking startup TuSimple disclosed that the company has struck a deal with U.S. authorities to address safety concerns related to its self-driving truck business. Previously, CFIUS was concerned that TuSimple’s future business operations in China and the United States, as well as its association with one of its major shareholders, Sun Dream, may affect American security. Sun Dream is an affiliate of Chinese social media giant Sina and is actually controlled by Sina’s chairman Cao Guowei. Cao Guowei and Sina’s CFO Zhang Yi currently serve as directors of TuSimple.

Under the agreement, TuSimple will give the U.S. government certain oversight rights over the technology behind its self-driving operations in the future. In addition, two Sina-related board members of the company will leave after their terms this year.

TuSimple will "restrict its China unit’s access to certain company data, including source code and algorithms for its self-driving truck business, and adopt a technology control plan," according to an SEC filing.

Fourier Intelligence joins International Federation of Robotics

Recently, the International Federation of Robotics (IFR) officially announced the list of new members, and Shanghai-based Fourier Intelligence is among them. The list of IFR’s new members also includes acclaimed companies such as KUKA, Intel and Panasonic. As a new member, Fourier Intelligence will cooperate with these companies to jointly devote themselves to the technology development and innovation of the robotics industry. At the same time, Fourier Intelligence will also become a representative in the field of rehabilitation robots within IFR, and will lead new changes in the global rehabilitation industry in the future.

Huawei Noah opens the first large-scale Chinese multimodal dataset Wukong

Recently, Huawei Noah’s Ark Lab has opened the source of a large-scale Chinese multimodal database Wukong, which contains 100 million image-text pairs from the Internet, and on this basis, different pre-trained models are tested, which contributes to the development of visual language pre-training algorithms for Chinese.

TRS teams up with BlueFocus to create a digital virtual human with "soul"

TRS, a Chinese semantic intelligence technology company, has reached a strategic cooperation agreement with smart marketing solution provider BlueFocus. The two companies will create a digital virtual human with independent language ability and unique "soul", and jointly promote the application of digital virtual human in metaverse scenarios such as media, finance, government, and digital marketing.

High-end network chip company Clounix raises RMB400 million in new round

Clounix, a Chinese high-end network chip company, has recently raised over RMB400 million in a Pre-A+ round, led by Oceanpine Capital. LFC, Chaos Investment, China Merchants Securities, Share Capital, HG Capital and other existing investors also participated.

(China Money Network’s articles are curated and translated from credible Chinese media organizations with established brands, experienced editorial teams, and trustworthy journalism practices. However, we are not responsible for the accuracy of the information. For any questions, please reach out to our editorial department.)

China Expert network
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!