TechCrunch Summary (2023-06-28 02PM)

Source: TuSimple may sell US business as it turns attention to Asia

Summary
Self-driving truck developer TuSimple is considering selling its U.S. business and focusing on its operations in Asia-Pacific and other global markets. The move comes as the company faces the possibility of being delisted from the Nasdaq stock exchange for failing to file two quarterly reports.

Facts

⚙️ TuSimple is exploring strategic alternatives for its U.S. business, including a possible sale.

🕹️ The company has been expanding its operations in China and Japan, recently testing its self-driving technology on public roads in both countries.

🌍 If TuSimple sells its U.S. business, it plans to focus its operations in Asia-Pacific and other global markets.

💼 TuSimple has hired Perella Weinberg Partners as a financial advisor to explore possible transactions for its U.S.-based business.

📉 The company has faced regulatory scrutiny over its ties to China and previously fired its CEO due to concerns about its relationship with Hydron Motors.

Source: Age of AI: Everything you need to know about artificial intelligence

Summary
AI, or artificial intelligence, is a software system based on neural networks that enable tasks such as voice and image recognition, as well as generating synthetic imagery and speech. It is not equivalent to human intelligence. This article provides an overview of AI concepts, major players, and recent developments.

Fact

💡 Artificial intelligence, also known as machine learning, is based on neural networks and has recently seen significant advancements due to powerful computing resources.

💻 AI enables voice and image recognition, as well as the generation of synthetic imagery and speech.

🧠 Neural networks in AI mimic the interconnected cells of our brains to perform tasks and store information.

🎛️ Models in AI are the actual collection of code that accept inputs and produce outputs, and can refer to any AI or machine learning construct.

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