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Virgin Hyperloop announced last week that it will lay off more than 100 workers and shift its focus from passenger to freight service, according to The Financial Times. The transportation company has been working to develop technology that would send large pods through vacuum-seal tubes at speeds exceeding 500 mph.
The futuristic transport firm is changing direction and laying off staff, blaming the pandemic.
Trickle-down technology is the act in which technological advancements trickle into everyday lives. The internet was initially created in the 1960s for military purposes, but has now become imperative to the day-to-day workings of nearly every human being on the planet.
In the not-so-distant future, we'll be zipping between cities in minutes using the ultra-fast hyperloop. Speedy, low-consumption tube travel can also help reduce urban congestion and the CO2 contributed by the logistics industry.
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