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High-Speed Freight Link Hyperloop One To Shut Down

The high-tech transportation system was planned to connect Europe and China.

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high-speed freight link hyperloop one to shut down

Founded in 2014 with the goal of building a high-speed freight link between Europe and China, Hyperloop One is reportedly shutting down.

Following a paper in 2014 by Elon Musk about his vision for hyperloop transport systems, the project intended to carry cargo along the length of its route in just a single day. The company planned to carry cargo and people in pods traveling through sealed metal tubes at aircraft-like speeds.

From 2017 until 2022, the company was known as Virgin Hyperloop One due to an investment from Richard Branson’s Virgin Group. However, Virgin pulled out last year when Hyperloop One decided to abandon plans to transport passengers. The company has now laid off over 100 staff members due to its change in priorities.

Also Read: Aramex And Regent To Develop Electric Seagliders

According to news outlet Bloomberg, Hyperloop One never secured a contract to build a working hyperloop system, and all remaining employees will be gone by December 31.

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Adobe Teases New AI Editing Tools And Updates In Premiere Pro

The video editing app will be enhanced with a generative extend tool, text-to-video, improved timeline waveforms, and more.

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adobe teases new ai editing tools and updates in premiere pro
Adobe

After launching the generative AI model Firefly last year, Adobe is now showcasing how the technology will be used in upcoming versions of the editing app Premiere Pro. In an early sneak peek, the company demonstrated several new features, including Object Addition and Removal, Generative Extend, and Text to Video.

The first new feature, Generative Extend, targets a common video editing problem by using AI to “Seamlessly add frames to make clips longer, so it’s easier to perfectly time edits and add smooth transitions”.

Meanwhile, Premiere Pro’s Object Addition & Removal tool will leverage Firefly’s generative AI to “Simply select and track objects, then replace them. Remove unwanted items, change an actor’s wardrobe or quickly add set dressings such as a painting or photorealistic flowers on a desk,” Adobe states.

Adobe also showcased another new feature that can automatically generate new film clips using a text prompt. To use the content creation tool, editors can “Simply type text into a prompt or upload reference images. These clips can be used to ideate and create storyboards, or to create B-roll for augmenting live action footage,” Adobe explained. The company seems to be commercializing this particular feature extremely quickly, considering generative AI video only appeared a few months ago.

Also Read: UGREEN Unveils Nexode RG 65W Charger For Middle East

The new additions to Premiere Pro will be added later this year, but Adobe is also introducing smaller improvements to the editing app in May. The changes include interactive fade handles to enable easier transitions, an Essential Sound badge that uses AI to “automatically tag audio clips as dialogue, music, sound effects or ambience, and add a new icon so editors get one-click, instant access to the right controls for the job”, along with effect badges and a new look for waveforms in the timeline.

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