Technology: Elon Musk announced that he'll launch The Boring Company China in Shanghai at the end of August - - PressFrom - Canada
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TechnologyElon Musk announced that he'll launch The Boring Company China in Shanghai at the end of August

22:35  03 august  2019
22:35  03 august  2019 Source:   msn.com

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Elon Musk announced that he ' ll launch The Boring Company China in Shanghai at the end of August . The CEO is set to make an appearance at the World Artificial Intelligence Conference on August 29 to August 31, which will focus on artificial intelligence topics that include industrial

Tesla and SpaceX CEO Elon Musk announced via a tweet on Saturday that he would be launching The Boring Company China , the first international extension of his infrastructure and tunneling construction company , in late August while in Shanghai for the second World Artificial Intelligence

Elon Musk announced that he'll launch The Boring Company China in Shanghai at the end of August© David McNew/AFP/Getty Images
  • Tesla and SpaceX CEO Elon Musk announced in a Saturday tweet that he would be launching The Boring Company China while on a Shanghai trip to the World Artificial Intelligence Conference in late August.
  • Musk founded The Boring Company, an infrastructure and tunneling construction company, in 2016 in part because of his frustrations with Los Angeles traffic.
  • The Boring Company has embarked on contracts and projects in Los Angeles, Chicago, Maryland, and Las Vegas, but has yet to complete any tunnels for consumer or commerical use.
  • Visit Business Insider's homepage for more stories.

Tesla and SpaceX CEO Elon Musk announced via a tweet on Saturday that he would be launching The Boring Company China, the first international extension of his infrastructure and tunneling construction company, in late August while in Shanghai for the second World Artificial Intelligence Conference.

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Elon Musk wants to drill holes in China . The Tesla founder has tweeted to reveal that his tunnelling and transportation startup, The Boring Company , will be launch in China later Replying to a tweet about the event he announced : “Will also be launching The Boring Company China on this trip.”

Elon Musk has revealed that he ' ll be launching the company in China while visiting Shanghai for the World Artificial Intelligence Conference between August 29th Musk also hinted that the Boring Company was willing to create underwater tunnels, although there haven't been any announced so far.

In another tweet, the founder and CEO of The Boring Company confirmed that it would embark on building underwater tunnels, in addition to planned projects in Los Angeles, Chicago, Maryland, and Las Vegas.

Musk created The Boring Company in 2016 as a subsidiary of SpaceX, his private aerospace manufacturing and space transportation company. In 2018, The Boring Company became a separate corporate entity, of which Musk owns 90 percent equity and SpaceX owns 6 percent equity.

Read more: Elon Musk's Boring Company is raising $120 million in its first outside funding round

Last year, the infrastructure company raised $112.5 million, 90 percent of which came from Musk, who says he spends between 2 and 3 percent of his time on The Boring Company.

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Elon Musk announced that he ' ll launch The Boring Company China in Shanghai at the end of August . The Boring Company is one of Elon Musk 's many futuristic projects, alongside Tesla and SpaceX. The Boring Company promises to build high-speed tunnels that will dramatically change

Elon Musk revealed over the weekend that a new arm of the tunneling venture, The Boring Company , is in the works for China , a place where his Responding to a tweet announcing his visit to China for the World Artificial Intelligence Conference in Shanghai on August 29 to 31, Musk mentioned that

While Musk's tunneling construction venture has yet to complete any tunnels for commercial or consumer use, it is aiming to complete its first project, a tunnel connecting the two ends of the Las Vegas Convention Center, by the end of 2019. The company built a 2-mile test tunnel at SpaceX headquarters in Hawthorne, California, and has projects in mind to build "hyperloop" transportation tunnels in Chicago and between Baltimore and Washington, D.C.

Musk was partly inspired by traffic in Los Angeles in creating The Boring Company, and initially had plans to build tunnels in LA before opposition from local residents caused the project to be put on hold indefinitely.

The CEO is set to make an appearance at the World Artificial Intelligence Conference on August 29 to August 31, which will focus on artificial intelligence topics that include industrial development and technological innovation, along with applications for AI such as education, medical care, urban management, industry, and finance.

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Tesla and SpaceX chief executive officer Elon Musk is scheduled to visit China by the end of August . The tech CEO will speak at the World Artificial Intelligence Conference from August 29 until August 31 in Shanghai . He will also launch the China -based unit of The Boring Company , which is his very

Elon Musk 's The Boring Company opened its first test tunnel under SpaceX headquarters in California Musk announced the new China unit for The Boring Company in a tweet on Saturday, replying to one user that he ' ll be at Will also be launching The Boring Company China on this trip.

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