Elon Musk, who leads Tesla Motors, the electrical car manufacturer and the SpaceX space transportation outfit, has made an exciting announcement on Thursday. The billionaire entrepreneur released information regarding his decision to speed up his vision of an ultra-fast transportation tube. Musk is planning to build test loop five miles long for his Hyperloop High-speed transit idea.
The test track will most likely be donated to development companies or students to help develop the necessary technology. The construction will probably take place somewhere in Texas, a state in which Musk has been trying to raise his company’s reputation.
The system he envisioned a year and a half ago could run at almost Mach 1 speeds, and could travel the distance from Los Angeles to San Francisco in about 30 minutes.
Also, Musk will donate a large amount of money to funding studies regarding artificial-intelligence safety.
At the Texas Transportation Forum, on Thursday, where Elon Musk discussed these ideas, he also informed about his plans to inaugurate a Hyperloop pod racer competition once a year at the test track he will be financing.
Elon Musk is the founder of Space Exploration Technologies Corp., also known as SpaceX, and the founder of Tesla Motors, Inc. Previous to his visit in Texas, he has in Detroit, where the tried to pursue car manufacturers to take more radical decisions with regard to implementing electric car technologies.
Some state legislatures forbid companies like Tesla to sell its cars through its retail outlets. The Tesla electric car company tried lobbying its way through that problem, in order to get the state legislature to change. Unfortunately, the plan failed. This happened two years ago, and in 2015 Texas legislature will meet again.
The state politicians are getting ready to start a new legislature session, and Tesla will probably try its luck again. The Hyperloop test track might be part of Musk’s plan to make nice with state officials, after Texas lost the bidding process for Tesla’s Gigafactory. The bidding took place between five states and was won by Nevada.
In addition to the Hyperloop track, Musk announced that he will be donating $ 10 million to research into the field of artificial intelligence.
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