aerospace, Business, Companies, News, Space and Science

Virgin Hyperloop One Raises $50m and Names Branson Chair

In October, we wrote about Sir Richard Branson’s Virgin Group has invested an undisclosed amount in Hyperloop One, the frontrunner of a number of companies competing to bring Elon Musk’s futuristic vision of a magnetically-propelled high-speed transport system to life. Now, however, it is confirmed that the company got a lifeline in the form of $50m from Russian and Dubai investors. “This investment provides Virgin Hyperloop One with a very robust financial platform for 2018,” chief executive Rob Lloyd said in a statement. “Our focus in 2018 will be on accelerating commercial agreements for both passenger and cargo projects.” The Los Angeles-based start-up also named investor Richard Branson

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Artificial Intelligence, Business, Companies, Education, Entertainment, Event, News, , VR World

Branson: Basic Income is crucial for the rise of AI

Richard Branson has backed the introduction of a universal basic income and said it is crucial to tackling the rise of artificial intelligence (AI). The billionaire said it could help protect people whose jobs will be lost as a result of new technology. Another reason the world should look to the Nordics, according to Branson, is its experiments with universal basic income — which can help counter the effects of AI. “In Finland you are experimenting with it in at least one city at the moment,” says Branson, who recently announced his support for the idea. “Basic income is going to be all the more important. If a lot more wealth is created

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Analysis, Internet, Space and Science

Airbus Heats the Space Race, to Build 900 Satellites

While most people think of Airbus and Boeing as airplane manufacturers, the truth is that both Airbus S.A.S. and The Boeing Company, Inc. are conglomerates that manufacture many more products than ‘just planes’. However, the size of those companies enables synergy (but also can slow down the innovation) and use experience from one project to another. According to industry data, Airbus Defence and Space is world’s second largest aerospace company. After going through restructuring process, the company started to adopt procedures from Airbus commercial planes, but also procedures made famous by Space Exploration Technologies Corporation, known as SpaceX. By bringing manufacturing techniques from the airplane production line, Airbus

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