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IPO Preview: Coinbase, AppLovin, TuSimple Highlight Big Week Of Market Debuts
Monday, April 12, 2021 - 5:22pm | 904Read More...The week of April 12 is shaping up to be a big one for public debuts, with many investors watching the highly anticipated direct listing of Coinbase. Here's a look at the Coinbase IPO and other companies set to go public this week. Coinbase: One of the most anticipated IPOs of 2021 is...
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Fintech Focus For December 3, 2020
Wednesday, December 2, 2020 - 7:25pm | 1957Read More...Quote To Start The Day: Coming hard on the heels of the trade war, the Covid shock will intensify pressure for the diversification and localization of supply chains — just not yet. A year spent in emergency response mode is not a year when projects requiring detailed planning, significant...
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Nikola Chairman In Talks To Back Self-Driving Truck Maker TuSimple: Report
Monday, September 28, 2020 - 12:38am | 482Read More...Nikola Corporation’s (NASDAQ: NKLA) freshly-appointed chairman, Steve Girsky, is looking to back self-driving truck maker TuSimple, TechCrunch reported Sunday. What Happened: Girsky would be funding the investment from his consulting and investment firm VectoIQ LLC, run in partnership...
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TuSimple revenues fall short
Wednesday, July 22, 2020 - 2:29pm | 1135Read More...Revenues for TuSimple, the largest self-driving truck startup in the U.S., "are minimal," according to Information report One of the company's autonomous trucks was involved in a freeway crash last fall Analyst opinion: "In the end, it's extremely likely that giant existing companies that are...
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Fintech Focus For July 20, 2020
Monday, July 20, 2020 - 9:27am | 1771Read More...Daily Perspective: Things work out best for those who make the best of how things work out. - John Wooden Fintech Movers: Schwab now manages a record $4.11 trillion in client assets from 14.1 million accounts, having added 1.62 million new clients during the quarter, but still managed to see weak...
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Navistar Partnership Establishes TuSimple As Preferred Autonomous Supplier
Wednesday, July 15, 2020 - 11:13am | 943Read More...Autonomous trucking startup TuSimple is joining forces with Navistar International Corp. (NYSE: NAV), a producer of commercial trucks, proprietary diesel engines, and school and commercial buses, to develop self-driving semi-trucks. The partnership, announced Wednesday, builds on a two-year...
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TuSimple To Build '5G Network' Of Autonomous Trucking
Wednesday, July 1, 2020 - 10:01am | 1312Read More...TuSimple launches an Autonomous Freight Network with UPS, Penske, U.S. Xpress, and McLane Co. President Cheng Lu describes the initiative as the "5G network of autonomous trucking" Autonomous trucking technology startup TuSimple announced on Wednesday the launch of a national transportation...
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TuSimple Revs Up Texas With New UPS Autonomous Trucking Routes
Thursday, March 5, 2020 - 9:54am | 553Read More...Adding to a flurry of recent activity in the self-driving-vehicle space, autonomous trucking startup TuSimple announced Thursday it has expanded service for current customer UPS Inc (NYSE: UPS) with new routes in Texas. The San Diego-headquartered company will expand its UPS runs to 20 trips per...
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Starsky Robotics Seeks Potential Buyers As Autonomous Startup Struggles To Raise Funds
Thursday, December 26, 2019 - 9:40am | 664Read More...Autonomous trucking startup Starsky Robotics is in talks with potential buyers, including some with its rivals, after failing to raise new funding to stay afloat, a former employee claims. The 3-year-old startup is best known for its Level 4 autonomous trucking technology that uses truck drivers...
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Study Finds TuSimple Trucks At Least 10% More Fuel Efficient Than Traditional Trucks
Wednesday, December 18, 2019 - 11:34am | 882Read More...Autonomous trucking companies have long argued that self-driving technology will not only make trucking safer and more cost efficient but that it will also help reduce the amount of pollution commercial vehicles emit. Now a University of California San Diego study has substantiated some of those...
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Embark Raises $70 Million, Opens Two Transfer Hubs
Thursday, September 26, 2019 - 10:00am | 358Read More...Autonomous trucking outfit Embark Trucks has raised $70 million in a series C funding round led by Tiger Global Management, with participation from seven other firms, Forbes has reported. The new financing round brings its fundraising total to $117 million. The company will use the funds to add...
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For TuSimple, The Money Spigot Continues To Flow
Tuesday, September 17, 2019 - 10:08am | 358Read More...Autonomous trucking outfit TuSimple has secured commitments for an additional $120 million in Series D funding. The funds are part of an extended Series D round that was oversubscribed and reached a total of $215 million. The latest raise, announced on Sept. 17, includes UPS Inc (NYSE: UPS), the...
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UPS Buys Stake In Self-Driving Outfit TuSimple
Thursday, August 15, 2019 - 5:02pm | 548Read More...United Parcel Service Inc (NYSE: UPS) has purchased a minority stake in the self-driving company TuSimple. The investment coincides with ongoing autonomous road tests the package delivery company is conducting on a busy freight route in Arizona. Some of the money will be used to expand new routes...
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UPS's Venture Arm Makes Minority Investment In Autonomous Truck Company TuSimple
Thursday, August 15, 2019 - 10:04am | 315Read More...UPS (NYSE: UPS) venture capital arm, UPS Ventures, has made a minority investment in autonomous driving company TuSimple. The terms of the deal have not been disclosed. The companies are testing self-driving tractor trailers on a route in Arizona to determine whether the vehicles can improve...
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TuSimple And Pima Community College Launch First-Ever AV Certificate Program For Truck Drivers
Thursday, June 13, 2019 - 12:07pm | 562Read More...Seeking to help drivers take advantage of job opportunities created by automation, self-driving truck startup TuSimple has partnered with Pima Community College (PCC) in Tucson, Arizona, on a first-of-its-kind autonomous vehicle certificate program for truck drivers. The "Autonomous Vehicle Driver...












