Dutch airline KLM, working with researchers at Delft University of Technology in the Netherlands, has launched the Flying V jet concept, named after an iconic Gibson guitar featuring a similar shape. The Flying V was conceived by Justus Benad, a former student at the Technical University of Berlin. The Flying V is projected to use 20% less fuel than traditional designs, while accommodating 314 passengers in its oversize wings. Commercial release is slated for 2040. Boeing predicts that the airline industry will need 790,000 pilots in the next 20 years.
On June 8, International Monetary Fund Managing Director Christine Lagarde warned that the growing presence of tech players leveraging big data and artificial intelligence technology could significantly disrupt the world’s financial system.