Wednesday, April 7, 2021

Autonomous trucking startup TuSimple is aiming to raise ~$1.3B in its US IPO, with expected share price between $35-$39, and is targeting a valuation of $8B+ (Reuters)

Reuters:
Autonomous trucking startup TuSimple is aiming to raise ~$1.3B in its US IPO, with expected share price between $35-$39, and is targeting a valuation of $8B+  —  (Reuters) -Self-driving truck startup TuSimple Holdings Inc said on Wednesday it was targeting a valuation of more than $8 billion in its U.S. initial public offering (IPO).



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Some startups and researchers who can't access the most advanced chips are adopting a "frugal AI" approach, building smaller models on open-weight systems (Rina Chandran/Rest of World)

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