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Faraday Future mothballs Las Vegas plant

Daily Mail - Science & tech

It was supposed to be a rival to Elon Musk's Tesla and even had a giant factory almost next door. However, Chinese firm Faraday Future has said it will move production of its planned luxury electric SUV to a new site, virtually scrapping a stalled $1 billion Las Vegas factory amid deepening financial woes of key investor Chinese entrepreneur Jia Yueting. Faraday is part of a network of young electric vehicle (EV) firms in China and the United States backed by Jia, who has said his company LeEco - that grew from a Netflix-like video website to a business empire spanning consumer electronics to cars within 13 years - is facing a severe shortage of cash after expanding too fast and in too many directions. Nevada Gov. Brian Sandoval looks at a model for a Faraday Future factory in North Las Vegas, Nev. Electric car maker Faraday Future said Monday, July 10, 2017 that it is deserting its plan to construct a $1 billion manufacturing plant in southern Nevada eight months after suspending the project and sinking at least $120 million into it.


Hyperloop 1 shows off super-speed propulsion technology

U.S. News

A low-profile block of aluminum zipped across a short stretch of what looked like railroad tracks Wednesday before crashing into a tuft of sand and sending a small cloud into the clear skies of the desert north of Las Vegas. The seconds-long demonstration by startup Hyperloop One marked the first public glimpse of a propulsion system that its creators hope will rocket people and cargo through tubes at the speed of sound in five years. It took place as hundreds of journalists and investors watched from grandstands about 50 yards away after being bused to the site from a swanky casino. "It's going to eliminate the barriers we face every day of time and distance. It's going to change our lives," CEO Rob Lloyd said a day earlier.


The Unbelievable Reality of the Impossible Hyperloop

MIT Technology Review

The tube is out back, 11 feet in diameter, 60 feet long, the unfinished end spiraling into wide ribbons of steel--like a gigantic Pillsbury dough container with its seams gaping open. Behind the tube is a big blue tent known as the robot school, where autonomous welders wheel or crawl along, making the tubes airtight. The goal is to put tracks and electromagnets inside the tube and vacuum the air out. Ultimately, capsules will scream through the center of such a tube at 700 miles per hour on a cushion of air--a way to get from A to B faster and more efficiently than planes or trains. The first public tests of this concept, albeit on an open-air track, will take place in North Las Vegas this week.


Gamestop to start publishing indie games

USATODAY - Tech Top Stories

ORG XMIT: 131672750 NORTH LAS VEGAS, NV - NOVEMBER 07: GameStop employee Randi Taber stacks copies of "Call of Duty: Modern Warfare 3" during a launch event for the highly anticipated video game at a GameStop Corp. store November 7, 2011 in North Las Vegas, Nevada. Video game publisher Activision released the eighth installment in the '"Call of Duty" franchise at midnight on November 8. (Photo by Ethan Miller/Getty Images) ORIG FILE ID: 131913279 (Photo: Ethan Miller Getty Images) Video game retailer GameStop is making a move into publishing. The company announced Monday a venture called GameTrust, which will publish video games for multiple platforms from independent studios. Studios Insomniac Games (Ratchet & Clank), Ready at Dawn (The Order: 1886) and Frozenbyte (Trine) are among the indie studios creating games that will be published through GameTrust. Mark Stanley, GameStop's vice president of internal development and diversification, says the venture will focus on games "largely ignored by big publishers" in favor of triple-A titles.