TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled and enraged several shareholders, but also threatens to pull the company back into a legal…
Steve Sarkisian: Texas WR's speed rivals Usain Bolt
Ryan Niblett. Remember the name. If you don’t now, Texas football coach Steve Sarkisian believes you may soon. During his Thursday press conference, Sarkisian specifically called out Niblett for his emergence as a weapon for the Longhorns on both special teams and the offensive sets in which he takes part. The reason? World class speed. […]
Ryan Breslow’s $450M Bolt deal said to involve a restraining order now
Ryan Breslow’s plan to get himself reinstalled as CEO of fintech company Bolt — and push through a $ 450 million fundraising deal that would value the startup at a staggering $ 14 billion — has apparently stalled. According to Forbes, Breslow sent an email to shareholders thanking them for signing off on the deal. The problem is […]
Bolt reportedly threatens legal action against Silverbear Capital
In the latest twist in Bolt’s aggressive fundraising efforts, the fintech company’s CEO appears to have made a veiled threat of legal action against Silverbear Capital, the investment bank whose involvement in the deal remains in some dispute. “We believe there was some internal miscommunication at Silverbear Capital, one of our lead investors, which has […]
Maju Kuruvilla is out as CEO of one-click checkout company Bolt
Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kuruvilla didn’t have much to say about the change but did confirm it both on LinkedIn and X, by posting, simply “One-Click Checkedout […]