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LA to Vegas in half an hour: the future of transport has arrived

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Hyperloop technology will redefine the future of transport forever – and it’s not as far away as you may think

Back in 2013, Elon Musk first thought coined the term ‘Hyperloop’. Musk’s dream for the elusive fifth mode of transport is now closer than ever to becoming a reality. A Hyperloop is a sealed tube with low air pressure, which a pod travels through.

The Hyperloop technology will bridge the gap between rail and aviation transport networks – striving for sustainability without sacrificing speed or safety.

The Hyperloop carrier will move at the speed of an aircraft, with the capacity to move as many people as a 30-lane highway.

How does the Hyperloop work?

The Hyperloop is basically a huge tube, almost completely devoid of air. The lack of air allows high speeds with minimal energy consumption. Also, each pod uses magnetic levitation technology, with electromagnetic propulsion.

“This decade could end with hundreds of millions of people riding hyperloop. For people who think this technology is many years away, I rode on one. It’s right now,” said co-founder of Virgin Hyperloop, Josh Giegel.

Virgin Hyperloop is already rolling out the technology in many places around the world. Giegel says we can expect the technology to become available in America, India, Europe and the Middle East somewhere between 2025-27.

Could Hyperloop be the climate-friendly transport of the future?

The development of Hyperloop technology comes amid renewed discussions about the sustainability of air travel. Europe recently proposed a fuel tax on the aviation industry to push green energy.

The aviation industry is currently exempt from fuel taxation charges in the EU. However, the European Commission has found this exemption “is not coherent with the present climate challenges and policies”.

The minimum tax rate would come into effect in 2023, increasing gradually over a 10-year period. Reuters reports that the draft document didn’t specify the final tax rate.

“This decade could end with hundreds of millions of people riding hyperloop. For people who think this technology is many years away, I rode on one. It’s right now” says Giegel.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Business

Can new tech hires be sustained?

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As technology companies continue to lay off staff, Australian research shows the future may be brighter

Australia has a target of delivering 1.2 million critical tech workers by 2030.

However, the sector has been battered by changes and layoffs since the pandemic came to light.

Kate Pounder is the CEO of the Tech Council of Australia, who said the pandemic changed the playbook for many companies across the sector.

“There is some evidence that there was a boom in job creation and company formation during the pandemic.”

The Tech Council of Australia recently revealed an 8 per cent increase in tech jobs last year.

It means Australia’s tech workforce is around 935,000.

“When there’s change in the labour market, you see people using that to start a business,” Ms Pounder said.

Despite the rapid layoffs across many major technology companies, Ms Pounder said for every job lost over the past quarter, 20 have been created.

“We are finding that the ease of people moving into jobs is getting a little better.

“It’s still challenging to find people in Australia, particularly for people in specialised roles,” she said.

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Business

Tech layoffs reach their highest point in over 20 years

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There have been over 130,000 layoffs across the technology sector in the last five months

 
The technology sector was billed as the most exciting industry to work in.

Big offices, big dreams, big money were all part of the parcel for many companies attracting staff.

As many organisations caught onto the momentum of the pandemic, the same energy has not been particularly met on the other side.

Thousands of workers have since been laid off as the good times stopped rolling.

In fact, the technology sector’s layoffs are the highest since the dotcom bubble burst 22 years ago.

The BT Group is one of the latest companies cutting staff.

Fifty-five thousand have lost their jobs as part of a corporate restructure.

CEO Philip Jansen will freeze his £1.1 million salary until he retires, according to reports from Sky News.

The ground is also shifting as artificial intelligence takes hold and the economy worsens.

BT Group said it is laying off 11,000 staff because of the increased capacity for artificial intelligence in the workplace.

At the same time, companies like Apple and Goldman Sachs are among those restricting or banning the use of tools like ChatGPT amid privacy or data concerns.

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Business

Big tech crackdown on employees using ChatGPT

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Apple and Samsung are among companies restricting or banning the use of ChatGPT

 
Some of the world’s largest technology companies, including Apple and Amazon have banned or restricted OpenAI’s ChatGPT.

The tool relies on artificial intelligence to produce responses to prompts entered by users.

However, major brands remain concerned around the privacy risks because of the data ChatGPT uses to improve its accuracy.

Samsung has previously reported employees unintentionally leaking confidential internal source code and meeting recordings through ChatGPT.

Meanwhile, Apple has banned the web-platform over concerns surrounding data leaks.

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