North Carolina's high-tech Research Triangle may get even more advanced in years to come.
The Tar Heel State announced on Friday that it is exploring options to bring Virgin Hyperloop One technology to the Raleigh-Durham-Chapel Hill corridor, which has grown into a hub for technology companies and research universities.
"You can literally begin to start thinking about the cities like they're metro stops," Jay Walder, the CEO of Virgin Hyperloop One, told Cheddar. North Carolina's inquiry makes it the ninth state to explore hyperloop as a potential regional transportation system.
"We have stopped our imagination somewhere around 1956, which is when the interstate highway system was created, and it is time to restart our imagination," Walder said.
Virgin Hyperloop One, which was developed by Virgin founder Richard Branson, is the first company to successfully operate a full-scale hyperloop vehicle system, which uses electric propulsion and electromagnetic levitation in depressurized tubes to propel vehicles at hundreds of miles per hour.
"Imagine being in a super-fast vehicle that is completely smooth, no turbulence moving at airline speed," Walder added.
Although still in its early stages, hyperloop technology is proving to be a far faster, safer, and more environmentally friendly alternative to traditional forms of transportation, according to the company.
"The Research Triangle area is uniquely positioned from a technology focus, spatial layout, and favorable mid-East Coast location to benefit from a hyperloop travel solution that could quickly link America's R&D cities of Raleigh and Durham with each other and with neighboring regions in the southeast and mid-Atlantic," Joe Milazzo II, the executive director of North Carolina's Regional Transportation Alliance, said in a statement.
Trips between Raleigh, Durham, and Chapel Hill are expected to be under 10 minutes, according Virgin Hyperloop One's initial estimates.
"You can take it a step further — Raleigh-Durham to Washington DC it just over 35 minutes," Walder told Cheddar.
Jack Morrison, CEO and co-founder Scythe Robotics, joins 'Cheddar Innovates' to discuss how it's bringing innovation to the landscaping industry with its autonomous, all-electric lawn mowers, and how this is addressing the labor crisis in the landscaping industry.
Naveen Jain, Co-Founder of Yat Labs, joins 'Cheddar Innovates' to discuss how a 'Yat' is changing the way people think about their online identities, and why artists like Questlove and G-Eazy are backing this idea.
Mike Proulx, VP and research director at Forrester, joined Cheddar to talk all about Disney's lackluster Q3 earnings after the company reported a slowdown in Disney+ subscriber growth. Proulx discussed a Forrester study that found 45 percent of U.S. adults subscribed to streaming services because of the pandemic but 26 percent had plans to cancel a service over the next two years. "We're always going to look at growth, and we also have to look at engagement," he said. "But both of those metrics come down to having either original or exclusive content that will offer value to the subscriber base."
Anthony Sassine, a senior investment strategist at KraneShares, joined Cheddar to discuss Rivian's historic public debut after the company achieved an $86 billion valuation — more than either Ford or GM. He said the big IPO was a great opportunity for the U.S. to position itself as a leader in the EV space after lagging behind Europe and China. "When you have certainty for growth for the next 10 to 15 years, investors are willing to pay more," he said. "So, this is a massive opportunity for the whole space."
The Department of Justice has filed a lawsuit against Uber, alleging the ride-hailing company discriminates against customers with disabilities. The DOJ is arguing that its two-minute wait period before a cancellation fee is applied violates the Americans With Disabilities Act.