Troubled self-driving truck firm TuSimple rebrands as CreateAI, launches AI model

Hou filed a lawsuit demanding the immediate liquidation of TuSimple, now CreateAI, alleging the company abused shareholder money. Hou said his previous 29.7 per cent voting power should be returned from Chen, which would enable him to veto the plan at CreateAI’s shareholder meeting this Friday. Chen refused to relinquish control. A ruling is scheduled for the first quarter of 2025.

CreateAI CEO Lu Cheng said in an interview with the Post that autonomous driving, which is “very costly”, would not be profitable in the near term, while AI-generated content is expected to bring the company “some real revenue in 2025 and [enable it to] turn profitable in 2026”.

Still, CreateAI is “not giving up on autonomous driving”, Lu said. Instead of actively operating a large fleet or hauling freight, the company is “actively working to find partners to license [its] technology” as a “supplier”.

Lu said the first previews of its Three-Body Problem feature should be public by the middle of next year, and an initial version of the Heroes of Jin Yong game will be out in 2026, with the full version to be launched by 2027.