TuSimple, now known as CreateAI, transferred sensitive data to a Beijing-owned firm, Foton, shortly after agreeing with U.S. regulators to stop such actions under a national security pact. Although an investigation revealed no direct violation of the agreement, TuSimple faced a $6 million settlement for other issues. This incident underscores the vulnerability of U.S. safeguards related to foreign investments. TuSimple has also been grappling with shareholder conflicts regarding the transfer of substantial funds to its Chinese subsidiary, amid ongoing leadership disputes.
TuSimple's management has faced scrutiny for violating a U.S. agreement regarding the transfer of sensitive tech data, raising concerns for national security.
An investigation concluded that while the data sharing wasn't a direct violation of the agreement, TuSimple still faced repercussions for other infractions.
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