Tesla CEO Elon Musk is scheduled to show off to investors today the technology that will turn his company's electric cars into driverless vehicles. But experts aren't sure Tesla's technology is good enough to manage the job without a human driver at the ready in case something goes wrong.
The technique allows for the construction of multi-story buildings without cranes and starts with a mobile, permanent roof. The roof can then be raised by a lift system which allows for the creation of a protected construction area. Read more.
Virgin Trains USA, formerly known as Brightline, has sold $1.75 billion in bonds to finance a 170-mile rail extension from West Palm Beach, Fla., to Orlando International Airport. Construction will begin imminently, and the goal is to complete work in 2022.
The cost of Seattle's KeyArena renovation has risen to somewhere between $900 million and $930 million, and crews are behind schedule, but delivery is still expected by summer 2021, NHL Seattle president and CEO Tod Leiweke says. The project's costs have increased due to higher material and labor prices as well as additional upgrades.
Construction has begun on a $160 million effort to transform vacant industrial buildings in a historical St. Louis neighborhood into a mixed-use development. The first phase will tackle the development's surrounding infrastructure, and the second phase will entail construction of residential, office and commercial space as well as a public park and two parking garages.
Texas Instruments plans to build a $3.1 billion semiconductor factory in Richardson, Texas, but has not picked a construction date. The 870,000-square-foot facility will produce chips for a wide range of products, including smartphones and connected vehicles.
China will host 37 countries to promote its $1 trillion Belt and Road initiative to build an infrastructure network with other continents. The US and other members of the G-7 have been critical of the effort, asserting it would place unsustainable levels of debt on certain countries, but Foreign Minister Wang Yi says it "embodies the spirit of multilateralism."
A $9 billion light-rail project in Hawaii has been plagued by cost overruns and delays, but the Honolulu Authority for Rapid Transportation says 16 miles of the 20-mile project are expected to be operational in the next four years. The entire line is scheduled to open in 2025.
The Wyoming Industrial Siting Council unanimously approved the final permit TransWest Express needs to begin construction next year on a 730-mile transmission line to move wind energy from Wyoming to southwestern states.
Despite the architecture, engineering and construction industry's perpetual resistance to adoption of new technologies, a surge of venture capital investment is coalescing around collaborative software, physical construction innovation and data analytics. However, so-called angel investors should value the people behind the products as much as the products themselves, investor Jesse Devitte says.
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