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Uber reports steep revenue decline, as delivery outpaces ride hailing.

August 20th, 2020 at 9:59 am » Comments Off

Uber’s revenue decline in the second quarter was the steepest since it went public in May 2019. Uber said on Thursday that its revenue in the second quarter dropped 29 percent to $2.2 billion from a year ago and that its net loss narrowed to $1.8 billion, as the ride-hailing giant deals with the fallout […]

Virgin Galactic debuts design of future Mach 3 high-speed aircraft, signs deal with Rolls-Royce

August 11th, 2020 at 12:20 pm » Comments Off

Virgin Galactic is making strides toward its goal of creating high-speed commercial aircraft that operates a little closer to Earth than its existing passenger spacecraft. The company revealed the initial design of the commercial passenger airplane it’s creating that’s designed to fly at speeds in excess of Mach 3 — faster than the average cruising […]

Airbus’ new eVTOL that aims to usher in an era of flying taxis just took its first public flight – take a look at CityAirbus

August 6th, 2020 at 11:16 am » Comments Off

Airbus’ CityAirbus eVTOL aircraft. Karl-Josef Hildenbrand/picture alliance/Getty CityAirbus is the new eVTOL being developed by Airbus’ helicopter division that aims to set the stage for a new era of intra-city travel with flying taxis. The futuristic-looking demonstrator can carry four passengers with a range of 60 miles, traveling at 75 miles per hour. Airbus demonstrated […]

The Boring Company: Elon Musk shares stunning station image and bus details

August 2nd, 2020 at 12:09 pm » Comments Off

  The Boring Company founder Elon Musk shared the image with the caption “coming soon.” The Boring Company, Elon Musk’s tunnel-digging venture, is getting ready to unveil its first public tunnel. On Wednesday, Musk shared a new image with his 37 million Twitter followers. The new concept render appears to show one of the three […]

U.S. airlines face end of business travel as they knew it

July 31st, 2020 at 10:42 am » Comments Off

Impact of virus threatens industry’s engine of sales, profit Road warriors turn to video conferences while CEOs eye budgets. U.S. passenger totals plummeted more than 95% at the peak of the pandemic-related travel collapse. U.S. airlines hammered by the catastrophic loss of passengers during the pandemic are confronting a once-unthinkable scenario: that this crisis will […]

How ships could produce an unlimited amount of their own fuel

July 28th, 2020 at 8:28 am » Comments Off

The key is this special catalyst. A new study shows that a lower-cost catalyst could help turn seawater into fuel on ships. High-performance molybdenum is combined with potassium and gamma alumina to make a scaleable catalyst. The material costs less than previous versions that worked as efficiently. Scientists have taken a major step by improving […]

Indian Railways to soon introduce these 20 in-house Made-in-India innovations

July 22nd, 2020 at 11:33 am » Comments Off

On the list is also a system to monitor real-time CCTV footage on board trains The Western Railway has developed natural water coolers, with zero electric consumption, each at a cost of ₹1.25 lakh. The North Central Railway has developed a vehicular system for ultrasonic flaw detection of rails. The Railway Board has decided to […]

Didi Chuxing: Apple-backed firm aims for one million robotaxis

July 15th, 2020 at 11:03 am » Comments Off

Chinese ride-hailing firm Didi Chuxing says it plans to operate more than a million self-driving vehicles by 2030. The robotaxis are to be deployed in places where ride-hailing drivers are less available, according to Meng Xing, Didi’s chief operating officer. Mr Meng was speaking at an online conference hosted by the Hong Kong-based South China […]

Study says autonomous taxis will cost users more than car ownership

July 15th, 2020 at 10:59 am » Comments Off

When Sir Thomas More coined the term “utopia,” he lifted two words from Ancient Greek that roughly translate into “not a place.” Turns out people from the 16th century still understood satire, perhaps better than we do today. After all, we are the ones operating under the assumption that we can remap society in order […]

Chinese ride-hailing giant Didi Chuxing launches pilot self-driving robotaxi service in Shanghai

July 10th, 2020 at 12:00 am » Comments Off

Didi has raised US$500 million from Japan’s SoftBank for its autonomous driving subsidiary.  Didi’s launch of robotaxis in Shanghai comes just days after it announced plans to deploy more than one million self-driving vehicles through its platform by 2030 Globally, the market is projected to be worth US$65.3 billion by 2027, according to a report […]

GPS III isn’t fully operational yet, but when it is, it’ll be great

July 5th, 2020 at 10:41 am » Comments Off

  The GPS III satellite armada will eventually make our GPS technology more accurate, but we’re not quite there yet. Just three satellites have been launched thus far, and only one of them is operational at the moment. Elon Musk recently tweeted that our ‘GPS just got slightly better,’ but that isn’t entirely true. We […]

Seoul aims to commercialize urban air mobility in 2025

July 5th, 2020 at 10:22 am » Comments Off

  Hyundai Motor Group via The Korea Herald/Asia News Network SEOUL — South Korea aims to commercialize urban air mobility (UAM) services in the domestic market in 2025 as it strives to tackle worsening traffic congestion in major cities, the transport ministry said Thursday. The government plans to begin offering UAM services initially with one […]

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