Tech
World’s first electric flying race car makes history | Ticker VIEWS
Alauda’s’Airspeeder’ electric flying racing car uses a virtual force field to bring us closer to the future
The future of car racing is here, with the world’s first electric flying racing car. The car successfully hit the skies in a secret location in South Australia over the weekend.
“We are proud to introduce a sport that redefines what humans and machines can achieve together”
Matthew Pearson, Founder, Airspeeder and Alauda Aeronautics
Big name pilots and sci-fi tech
Airspeeder plans to attract ‘elite pilots’ from aviation, motorsport and eSports backgrounds to remotely pilot the vehicles across AI enabled ‘sky tracks.’
The team already includes technical experts, engineers and designers from big-names including F1, Mclaren, Brabham, Boeing, Mclaren, Jaguar and Rolls-Royce.
Airspeeder’s Founder said the technology “delivers on the promise of a future first shown in science fiction”.
Electric flying car Grand Prix could be on the cards as soon as 2021
The successful trial flights means the crew-less electric flying car Grand Prixs will take place as soon as this year.
The company says moving racing to this space will improve “key safety, performance and dynamics technologies”.
Up to four teams with two remote pilots per team will compete in three individual events. Audiences will be able to watch these races online via a live stream.
The racers will “take a seat in a simulator environment that mimics the dynamics and ergonomics of the Mk3 cockpit environment.”
The races will even include stimulated pit stops, using a ‘slide and lock’ system to remove and replace batteries on the ground.
$1.5 trillion technology
Morgan Stanley predicts the technology will be worth $1.5 trillion by 2040.
The company also says they expect the tech to go much further than racing, with emerging applications in ‘air logistics’ and ‘remote medical care’.
The technology also has the potential to “liberate cities from congestion though clean-air passenger applications like air taxis”, says Airspeeder.
“These historic first flights are just the start and we are all excited to begin a momentous new chapter in motorsport’s rich legacy.”
Airspeeder press releasE
Alauda Airspeeder design, performance & safety
The Alauda Airspeeder Mk3 draws its design inspiration from the classic forms of racing cars from the 1950s and 60s.
The company’s head of design Felix Pierron says the car “melds F1 car dynamics with the profile of a fighter jet and function of helicopter.”
At maximum power the craft delivers 320kW, weighing in at only 130kg. The vehicle can lift a weight of more than 80kg.
Tech
AI stocks surge amid market shifts and spending warnings
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
The artificial intelligence sector continues to be a major driver of growth for both the U.S. and global economies. Companies at the forefront of AI innovation are influencing market trends and reshaping industries worldwide.
Meta’s stock has rebounded slightly following reports of potential cost-cutting measures and job reductions in its Reality Labs division. Investors are watching closely as the company adjusts its strategy to manage rising expenses and optimize innovation.
Palantir is trading at over 120 times forward sales and 180 times forward earnings, signaling investor confidence but also raising questions about valuation risks. Meanwhile, Nvidia maintains a market cap of $4.2 trillion as a leading AI chip supplier, yet competition is ramping up.
These moves highlight the growing tension between tech giants’ AI ambitions and the practical need to balance profits with heavy R&D spending.
Some analysts, however, warn that rapid growth may not be sustainable, with current levels of AI-related spending potentially overshooting realistic returns.
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Tech
AI investments set to surge in 2026 as companies target productivity gains
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts predict that artificial intelligence companies could invest over $500 billion in 2026, signaling a major shift in corporate spending priorities. This surge in capital allocation comes as businesses look to harness AI to drive growth and efficiency across multiple sectors.
Following strong third-quarter earnings, overall capital spending estimates for 2026 have been revised upward. However, investors are becoming more selective, focusing on companies that can clearly demonstrate revenue benefits from their AI investments, separating hype from tangible results.
AI adoption is expected to boost economic productivity, with significant investment already flowing into AI infrastructure such as semiconductors and data centres. The coming year could redefine how companies leverage technology to gain a competitive edge.
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Tech
Airbus A320 fleet faces software upgrade due to risk
Airbus alerts A320 operators to urgent software fix after JetBlue incident raises safety concerns
Airbus alerts A320 operators to urgent software fix after JetBlue incident raises safety concerns
– Airbus warns over half of A320 fleet needs software fixes due to potential data corruption risks.
– Affected airlines must complete upgrades before next flights, with operational disruptions anticipated during a busy travel season.
Airbus has issued a warning regarding its A320 fleet, indicating that over half of the active jets will require a software fix.
It follows a recent incident involving a JetBlue Airways aircraft, where “intense solar radiation” was found to potentially corrupt data crucial for flight control system operation.
The European plane manufacturer stated that around 6,500 jets may be affected. A regulation mandates that the software upgrade must occur before the next scheduled flight.
Operational disruptions for both passengers and airlines are anticipated. The issue arose from an incident on October 30, where a JetBlue flight experienced a computer malfunction that resulted in an uncommanded descent. Fortunately, no injuries occurred, but the malfunction of an automated computer system was identified as a contributing factor.
Airlines, including American Airlines Group, have begun to implement the required upgrades.
The majority of affected jets can receive an uncomplicated software update, although around 1,000 older models will necessitate an actual hardware upgrade, requiring grounding during maintenance.
Hungarian airline Wizz Air has also initiated necessary maintenance for compliance, potentially affecting flights. This announcement has surfaced during a busy travel season in the US, with many facing delays due to other factors as well.
Regulatory Response
The European Union Aviation Safety Agency has mandated that A320 operators replace or modify specific elevator-aileron computers. The directive follows the JetBlue incident, where a malfunction led to a temporary loss of altitude.
Airbus’s fix applies to both the A320 and A320neo models, representing a vital response in ensuring aircraft safety.
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