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Pony.ai, a Chinese autonomous vehicle company valued at $8.5 billion as of late, has sued two former employees over alleged trade secret infringement. The lawsuit is arriving months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the U.S., resigned to start a competitor called Qingtian Truck. […] ....
In last week’s VC news, AI application company Singularity Systems closes A+ round of financing, streetwear retailer Knowin secures several hundred million yuan in a round led by Alibaba, and more. ....
Key executives resign after Pony.ai combines trucking and passenger car R&D units – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.