Virgin Hyperloop, the company behind the long-gestating vacuum train concept, has released a concept video showing the most detailed presentation yet of what the high-speed transit system might actually look like.
The two and a half minute video shows slick 3D renderings populated with photorealistic passengers of what the Hyperloop's stations and train cars might look like.
"I think one of the things that was really paramount to me was to acknowledge that designing the first new mode of transportation in over a hundred years is a huge opportunity, but it's also a huge responsibility," Sara Luchian, director of passenger experience at Virgin Hyperloop, told Cheddar.
She explained that the video was crafted to shift public perception away from the "cold, grey, grim, dystopian" imagery that Virgin Hyperloop has presented in the past and "embrace a much warmer, friendlier, more welcoming, and human-centric vision of transportation that is yet to come but just years away."
The concept video shows passengers boarding individual "tubes" featuring arrival times displayed digitally on the backs of seats, automatic phone-charging panels, and a bird's-eye view of elevated tracks spanning coastlines, mountain ranges, and urban centers. Notably, there's a shot of a highly-visible speedometer showing the tube reaching 670 miles per hour.
As for when the Hyperloop will start shuttling actual passengers, Luchian said much depends on when it can secure regulatory approvals and partnerships, but the goal is the end of the decade.
"One of my favorite things about this job is being able to tell people it's coming in years, not decades," she said.
In the meantime, Virgin Hyperloop has announced the establishment of its Hyperloop Certification Center in West Virginia, where it plans to build a six-mile tube for testing and safety certification. The company is aiming for full regulatory approval within the next five years.
Where the first completed systems will be built is still up in the air, but Luchian said there is interest all over the world.
One factor that will inform the system's roll-out is making sure the Hyperloop is a "mass transportation" system, she added. "It's not meant to be a solution for, you know, petulant billionaires trying to go from one chalet to their mansion."
As a result, Hyperloop will seek investment from both private and public sources, with an eye toward making the system affordable wherever it ends up being built.
"More than anything, we need this to be first safe but of course affordable, and that accessibility is one of the most important things," Luchian said.
Despite Netflix's successful fourth-quarter earnings report, investors are hitting the 'pause' button after the company admitted that competition from other streaming platforms could eat into growth. Netflix is also lowering expectations for expected subscriber growth for the first quarter of this year, anticipating it will add just 2.5 million, far below the 3.98 million subscribers it added during the same quarter one year ago. What could happen to the streaming giant as the streaming wars keep heating up? Greg Martin, Co-Founder of Rainmaker Securities, joins Cheddar News' Closing Bell to discuss whether Netflix could lose its top spot, how it's trying to compete with other platforms, the streaming industry landscape, and more.
eToro, the social trading platform that offers crypto, forex, and equities, recently announced that it's giving U.S. users the option to include stocks and ETFs as part of their investment portfolios. Lule Demmissie, CEO of eToro U.S., joined Cheddar to talk about the company’s expanded offerings. "We felt, although crypto is a fantastic asset class, that individuals benefit from having a broader access to different kinds of investments, and equities is definitely one of them," Demmissie noted.
Coming off of CES, Blink Charging announced a partnership with legacy automaker General Motors to provide charging stations for its newest electric cars. The company specializes in stations they own and operate that also accommodate residential and commercial locations. Michael D. Farkas, founder and CEO, noted that they "don’t discriminate” when it comes to locating their chargers while also taking the philosophy of seeing their hardware more like hot water heaters rather than smartphones constantly in need of upgrading. "We believe it's one of the reasons why we were selected by GM," Farkas said. "These dealerships have to invest in these locations and make sure that this hardware is workable for a very, very long period of time."
Simeon Siegel, managing director and senior analyst at BMO Capital Markets joins Cheddar News to discuss CNBC's report that Peloton plans to halt production, despite the company's CEO denying those claims.
Mona Zhang, states cannabis policy reporter at POLITICO Pro joins Cheddar News to discuss major factors that caused Canada's retail marijuana sales to drop last year.
Jackie Rotman, founder and CEO of the Center for Intimacy Justice joins Cheddar News to talk about why Facebook is banning ads by companies targeting women's sexual health but not ads catered to men.
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
The NCAA voted to streamline their constitution at their annual convention on Thursday. Each of the three college divisions can decide how student-athletes can make money from outside sources but still restricts schools from directly paying its players.
Netflix beat its earnings projections for Q4 — but the stock still plummeted as the streaming pioneer cut back on its forecast for future subscribers. Michael Robinson, the chief technology strategist at Money Map Press, joined Cheddar to discuss the report and what's driving the downward pressure on its shares. "It's the growth is really what's worrying people," he said. "'A' we have slowing economic growth, and 'B' we've got slowing growth for this company, as 'C' we have an increase in competition."
