Hyperloop technology will redefine the future of transport forever – and it’s not as far away as you may think
Back in 2013, Elon Musk first thought coined the term ‘Hyperloop’. Musk’s dream for the elusive fifth mode of transport is now closer than ever to becoming a reality. A Hyperloop is a sealed tube with low air pressure, which a pod travels through.
The Hyperloop technology will bridge the gap between rail and aviation transport networks – striving for sustainability without sacrificing speed or safety.
The Hyperloop carrier will move at the speed of an aircraft, with the capacity to move as many people as a 30-lane highway.
How does the Hyperloop work?
The Hyperloop is basically a huge tube, almost completely devoid of air. The lack of air allows high speeds with minimal energy consumption. Also, each pod uses magnetic levitation technology, with electromagnetic propulsion.
“This decade could end with hundreds of millions of people riding hyperloop. For people who think this technology is many years away, I rode on one. It’s right now,” said co-founder of Virgin Hyperloop, Josh Giegel.
Virgin Hyperloop is already rolling out the technology in many places around the world. Giegel says we can expect the technology to become available in America, India, Europe and the Middle East somewhere between 2025-27.
Could Hyperloop be the climate-friendly transport of the future?
The aviation industry is currently exempt from fuel taxation charges in the EU. However, the European Commission has found this exemption “is not coherent with the present climate challenges and policies”.
The minimum tax rate would come into effect in 2023, increasing gradually over a 10-year period. Reuters reports that the draft document didn’t specify the final tax rate.
“This decade could end with hundreds of millions of people riding hyperloop. For people who think this technology is many years away, I rode on one. It’s right now” says Giegel.
Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.
TikTok Notes has launched in Australia & Canada as a formidable competitor to Instagram, offering a unique platform for content creation, text and sharing.
“TikTok Notes is a lifestyle platform that offers informative photo-text content about people’s lives, where you can see individuals sharing their travel tips and daily recipes,” reads the official App Store description.
Take note
The app allows users to create content by combining short videos with text-based notes, closely resembling that of Meta’s Instagram.
Whether it’s sharing a quick tutorial, a personal anecdote, or a thought-provoking message, TikTok Notes is positioned to be a formidable social media platform.
Currently, the app is only available for download and “limited testing” in Australia and Canada.
As it gains momentum, the platform is poised to contest Instagram’s established reign in the social media landscape.
The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.
The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.
For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.
However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.
Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.
Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.
Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.
Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.
China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.
A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.
Larry Fink, the CEO of BlackRock Inc., has outlined his vision for the impact of the firm’s investment in artificial intelligence.
During the company’s recent earnings call, Fink emphasized the connection between productivity gains driven by AI and the potential for rising wages among BlackRock’s workforce.
He explained the firm’s ambition to leverage AI technology to enhance efficiency, enabling employees to accomplish more with fewer resources.
Fink’s remarks underscore BlackRock’s strategic approach to harnessing AI as a tool for optimising operations and driving organisational growth.
By leveraging AI-driven productivity enhancements, the company aims to empower its employees to deliver greater value, thereby paving the way for wage increases across the organisation.
The CEO’s statement reflects a broader trend in the intersection of technology and labor dynamics, where advancements in AI and automation have the potential to reshape workforce dynamics and compensation structures.
Fink’s optimism about the transformative impact of AI investment on employee wages highlights BlackRock’s commitment to embracing technological innovation as a catalyst for sustainable business growth and employee prosperity.