Home » ASX Tech Shares: China simply used maglev tech to levitate a 2.8 tonne automobile on a freeway

ASX Tech Shares: China simply used maglev tech to levitate a 2.8 tonne automobile on a freeway

  • Magnetic levitation of a automobile was simply efficiently examined on a Chinese language freeway
  • AI participant CrowdMedia extends settlement for Speaking Heads proof of idea
  • Automotive software program firm InfoMedia says no binding buyout proposals have been forthcoming

Maglev – or magnetic levitation – was simply used to drift 2.8-tonne automobile 35 millimetres above the highway on freeway in East China’s Jiangsu province.

The tech is usually utilized in trains however the Southwest Jiaotong College reckons it could possibly be good for automobiles, as soon as they kind out that wobble.

A everlasting magnet array was put in on the automobile and the highway was laid with conductor rail that allowed the automobile to levitate – even hitting speeds of as much as 230km per hour.

If perfected, the tech might doubtlessly assist cut back vitality consumption and enhance the driving vary of automobiles, the Univeristy says.

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AI firm Crowd Media has prolonged its settlement with media search firm SrcFlare after efficiently delivering a Speaking Head Proof of Idea (PoC) for integration into SrcFlare’s advertising and marketing platform to optimise buyer acquisition funnels and lead era.

The PoC generated greater than USD $100k income for firm in three months and validated the applying of conversational AI to cut back on-line lead era prices, CM8 says. 

The businesses are assured there’s a bigger income alternative within the media search area by upscaling the POC and making use of conversational AI in greater volumes – and have now entered a brand new HOA to increase the POC for an extra three months with elevated price range pointers.

To accommodate the elevated quantity of visitors below the HOA extension, the licensing payment payable to Crowd Media will enhance to US$55,000 for 3 months ending 30 November 2022. 



The automotive software program firm has had three buyout bids since Might, and says it’s but to obtain a binding proposal from Solera (an automotive threat administration software program firm) or the TA Consortium (comprising TA Associates and Viburnum Funds) to accumulate 100% of Infomedia for $1.70 per share.

“Whereas the Board stays open to partaking additional with Solera and/or the TA Consortium ought to they submit an Acceptable Binding Proposal, it has decided that administration time, focus and sources ought to return to being wholly directed in direction of execution of the corporate’s development technique,” IFM mentioned. 



The semiconductor participant says silicon enrichment testing has commenced within the third and closing stage of the Zero-Spin Silicon (ZS-Si) challenge after the commissioning of a pilot demonstration facility on the firm’s Lucas Heights know-how centre 

ZS-Si is a type of very excessive purity enriched silicon – a key enabling materials for the fabrication of subsequent era quantum processor chips which can drive ultra-powerful silicon quantum computer systems. 

The goal of the challenge is to show business manufacturing functionality utilizing a variant of the SILEX laser know-how, and to offer a path to a safe and resilient provide chain freed from dependence on Russian-sourced materials.

Enrichment and preliminary manufacturing exams are anticipated to be accomplished by the top of CY22, and if the challenge is profitable, SLX says it is going to be in good place to scale-up manufacturing from the Stage 3 facility with the goal of manufacturing preliminary portions of ZS-Si on the market in 2023. 



The worker software program firm has launched Attain Zero – which addresses the connection between employer and their workers referring to local weather motion – within the US at a serious local weather occasion in New York Metropolis for New York Local weather Week.

Advances in regulation are forcing corporations to begin getting critical about their net-zero objectives, and the corporate says analysis into the Worker Expertise market conclusively confirmed that in a post-pandemic world individuals have been much more inclined to work for corporations that had a better goal, with local weather motion being very excessive on the priorities.

As a part of its partnership with My Web Zero, a carbon and local weather change platform, the businesses are launching the Local weather Engagement Tracker, a software that can assist enterprises get a greater understanding of their workers’ sentiment, motivations, actions and obstacles in direction of local weather change and private local weather actions.

The ensuing knowledge helps organisations to assemble the insights to make higher enterprise choices round their Environmental, Social and Governance (ESG) methods.

The info may also assist LiveTiles construct Worker Local weather Motion Plans for organisations, particularly and individually tailor-made to the local weather motion aspirations of their workers, supported and incentivised by the enterprise. 


CM8, IFM, SLX and LVT share costs right now:


At Stockhead we inform it like it’s. Whereas CrowdMedia is a Stockhead advertiser, they didn’t sponsor this text.

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