Arm’s reach for a potential New York listing following Nvidia deal collapse is a bitter blow for SoftBank and London
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
‘’The collapse of the blockbuster Arm deal is a bitter blow of disappointment for Soft Bank, which now faces more of an arduous journey to generate funds. If it had sold Arm as rumoured for as much as $80 billion had the cash and stocks deal been delivered at the heady heights of...
Nvidia. Ryder System. Cummins Inc. UPS. Daimler Truck. All have more than one autonomous trucking relationship.
Add to that list Germany-based Deutsche Post DHL, the global provider of international express, air and ocean freight forwarding, contract logistics, and e-commerce services.
After being revealed as a member of the Embark Trucks Partnership Development Program (PDP) in late October, DHL (OTC: DPSGY) is in camp with TuSimple Holdings. It has placed a $50,000 deposit to reserve 100...
https://www.freightwaves.com/news/dhl-latest-to-take-on-multiple-autonomous-trucking-partners
SAN FRANCISCO — SPAC-sponsored Embark Trucks is adding more than 150 years of cumulative industry experience to its preparations for going public, assembling a strategic advisory board that touches all transportation industry sectors.
Embark is not the first autonomous trucking software startup to tap into the industry. TuSimple Holdings (NASDAQ: TSP) went public in April, the first of four autonomous trucking companies to seek public trading. TuSimple has a large group of advisers, many of whom...
Autonomous trucking software developer Embark Trucks is collaborating with system-on-a-chip maker Nvidia Corp. to handle the enormous amount of data its plug-and-play autonomous software system generates.
Embark is at least the second autonomous trucking company to tap Nvidia, which is an investor in and works with TuSimple Holdings. Torc Robotics, owned by Daimler Trucks, is using Amazon Web Services to help with its computing needs in creating a Level 4 high-autonomy Freightliner Cascadia...
TuSimple, the first autonomous vehicle software maker to go public, raised $1.36 billion at $40 per share, slightly above the high end of its estimate. Shares begin trading Thursday on the NASDAQ Global Select Market under the ticker symbol TSP.
TuSimple has a valuation of $8.49 billion based on 212 million registered shares.
Prior to its initial public offering (IPO), the San Diego-based startup privately raised $800 million over five years. Most of that came in recent months as it pulled in...
https://s29755.pcdn.co/news/tusimple-raises-136b-in-ipo-sales-ahead-of-bell-ringing-public-debut
Self-driving truck technology developer TuSimple expects to file a prospectus to sell public stock as soon as next week, according to published reports and people close to the situation.
The company, with offices in San Diego and Beijing, has 50 Level 4 autonomous trucks running paid freight in Southwestern states. Those trucks still have a safety driver who can assume control of the vehicle if necessary. TuSimple is partnering with Navistar International Corp. (NYSE: NAV) to sell a long-haul...