Hyperloop, AI financial advisor and “internet” record

A European test centre for Hyperloop, a futuristic transport technology based on capsules moving at around 700 km/h through reduced-pressure tunnels, has been opened in Veendam, the Netherlands. The 420-metre-long tunnel is intended to serve as a space for developing this technology over the next few years. The centre’s director, Sascha Lamme, expects that by 2030, the first Hyperloop route, which may be 5 km long, will be built to transport passengers.

Investment management platforms that rely on algorithms for minimal human involvement are becoming popular. Artificial intelligence can comprehensively analyse market conditions and recommend optimal investment strategies based on it. The absence of human input reduces the risk of errors. It is estimated that artificial intelligence will manage USD 1.4 trillion by the end of this year.

Scientists have set a new world record for internet speeds of 301 Tbps using standard optical fibre. To put this into perspective, at this speed, it would take only one minute to download all the movies in the IMDb online database. According to the Ofcom report from September last year, the average broadband speed in the UK is 69.4Mbps.