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TuSimple co-founder demands liquidation, sues company for control of his shares | TechCrunch

November 27, 2024 10:26 PM0


Xiaodi Hou, the co-founder and former CEO of self-driving truck startup TuSimple, is demanding that the board immediately liquidate the company and return all remaining funds – roughly $450 million – to shareholders “on a pure pro-rata basis, regardless of share class,” according to a letter that TechCrunch has viewed.  Hou is also suing TuSimple […]

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Software Development in Sri Lanka

Robotic Automations

X sues to block California anti-deepfakes bill | TechCrunch

November 15, 2024 10:34 PM0


Per Bloomberg, X, Elon Musk’s social media company, has sued to block California law AB 2655, which requires large online platforms to remove or label AI deepfakes related to elections. X argues that the law, also known as the “Defending Democracy From Deepfake Deception Act of 2024,” will lead to widespread censorship of political speech. […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others | TechCrunch

November 10, 2024 5:58 AM0


Bankrupt cryptocurrency company FTX filed 23 lawsuits Friday against Anthony Scaramucci (pictured above), his hedge fund SkyBridge Capital, and other organizations including Crypto.com and the Mark Zuckerberg-backed lobbying group Fwd.us. These lawsuits are an attempt to claw back money for FTX’s creditors following the company’s collapse. FTX claims that the money targeted in these suits […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

SpaceX sues California agency, alleging political bias against Musk and regulatory overreach | TechCrunch

October 25, 2024 4:47 AM0


SpaceX has filed a lawsuit against a California agency this week after the body rejected a proposal to increase the company’s launches from the state’s coastline to 50 per year.  The California Coastal Commission (CCC) made its decision at an October 10 meeting, despite the U.S. Air Force (USAF) endorsing the plan on the grounds […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

DJI sues Department of Defense over listing as a Chinese military company | TechCrunch

October 20, 2024 2:26 AM0


Drone-maker DJI filed a lawsuit Friday against the US Department of Defense over its inclusion on a DoD list of “Chinese military companies.” A DJI spokesperson said the company filed the suit after “attempting to engage with the DoD for more than sixteen months” and deciding “it had no alternative other than to seek relief […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

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