Spain has decided to rearm and for the moment there is a company that is benefiting from it: Indra

Morgan Stanley has raised the target price of indra 118%up to 47 euros, turning the Spanish technology into its most optimistic commitment to the sector. The reason has a lot to do with its change in strategy. Although Indra has a long time in defense, lately it has redoubled efforts. Why is it important. The American bank sees in Indra “the hidden European defense champion, a company that has made its military business grow 25% in the last two years With 18% margins. Its transformation of software company to the defense giant is working. “European champion” is business jargon to refer to a leading company in its sector at European level that also competes worldwide. The context. The Ukraine conflict began to change the rules. Europe will allocate more than 11,000 million euros only in drones, according to Indra estimates. NATO has set as a goal Raise defense expenditure up to 5% of GDP In 2035, against current 2%. Something that has put on the agenda The negative of Spain In recent days in front of Repliations announced by the United States. Yes, but. Spain has adhered to the NATO plan, but the aforementioned negative of the Spanish government shields that 2.1% of GDP “is sufficient.” Well below the ambitions of its European partners. In detail. The turning point marks it The creation of the Fourth Divisioncalled Indra Weapon & Ammunition, without ambiguities. It joins the other three divisions: Indramind (AI). Indra Land Vehicles (land vehicles). Indra Space (satellites). Together they make up a military ecosystem that covers from drones to laser systems. Between the lines. The bet goes beyond the conjunctural opportunism. Indra is building capabilities that Spain did not have, from guidance systems to unmanned weapons through directed energy. Its president, Ángel Escribano, recognized that “high foreign dependence” explains why the State has chosen Indra as its industrial armed arm. And now what. Morgan Stanley has projected that the defense and aerospace sectors represent two thirds of Indra Ebitda in 2026. AND Indra is already exploring the opening of an office in kyivunequivocal sign that he sees in Ukrainian reconstruction a lasting opportunity. Outstanding image | Indra In Xataka | Ukraine has updated its rewards system: the big goal is to eliminate a Russian soldier who is not in the front

The rains have left a splendid Spain and a tourist destination is benefiting from it: the reservoirs

“While the world wobbles, nature seems to want to compensate us.” This phrase of Jose Luis Gallego summarizes very well what is happening in the Spanish countryside. With full swamps and aquifers recharging, Spain is living “its most splendid spring in decades.” And that has an unexpected beneficiary: tourism. The many droughts in each drought. Galician explained in El Confidencial That, in broad strokes, there are three types of droughts: the meteorological (linked to the shortage of rainfall), the hydrological (which has to do with the water in the system. – rivers, swamps and aquifers) and the edaphic (which is related to the soil and its ability to provide the vegetation of the water it needs). The good news is that we have overcome all three and the land knows. It is no longer that the fields of Extremadura, Castilla or Andalusia are a show; It is that even the ugliest and dirty surroundings of any Spanish city are pretty. It is true that the wetlands plagued by birds and overflowers of vegetation are the areas where this “March miracle” It shows morebut even the most arid places are full of surprises. The Sea of ​​Castile. The best example can be seen in that corner between the provinces of Cuenca and Guadalajara that is usually known as “Mar de Castilla“. There are five reservoirs (Almoguera, Bolarque, Entrepeñas, Estramera and Zorita) in the Middle Tagus and one more (good day) in the Low Alcarria with a capacity of 2,515 hm³ and a tourist capacity that has lived better times. In the 60s, as consequences of the hydrological and developmental policies of the Franco regime, the region was filled with urbanizations, restaurants and small embarrassing. It became a tourist claim that improves infrastructure, first, and The Tajo-Segura transfer, afterthey put in a slow decline. The drought of recent years did the rest. However, with the rains of March, the Sea of ​​Castile It is back. How to turn water into gold. Just read the chronicles of the local press to verify that the residents of the riverside municipalities are really excited. Entrepeñas has only transferred water to good times eight times since 1956, The last almost 30 years ago; But this weekend it has happened again. The swamp has such a amount of water that you have been able to see really unprecedented images (or that had been not seen decades). He Runrun of the situation He has made “every day more curious who arrive at the riverside region to witness in the first person and immortalize with their cameras or with their mobile phones such an exceptional moment and who knows if unrepeatable.” The question that is asked in the Sea of ​​Castile is how much the situation will endure and if the Lcoal Tourism of it can be used. Although, in reality, it is a question that many more people are asked. Our country has more than 1,200 swamps and “almost double the fresh water coast than Marina in the country.” The reservoirs have historically been much more than water reserves: they have been tourist attractions that contributed to stop the demographic bleeding of emptied Spain. The problem is that, in recent decades, that interest has been falling little by little. And rural tourism has failed to fill the hole fully. Therefore, the councils of Cáceres, Lugo, Badajoz and the 530 municipalities associated with the Federation of Municipalities with Hydroelectric Plant and Embalses of Spain (15 communities and 46 provinces) have decided Bring Pantanos Tourism back. Upon? Indeed and with A very simple value proposal: Adventure activities (“Barranquismo, the paragliding or balloon walks”, “Boat routes or kayak, candle courses, sport fishing or paddle-south”, but also “horseway or bicycle routes, enjoy the observation of birds or practicing hiking”), proximity gastronomy and cultural, monumental and historical heritage. A new solution for a worrying problem. As We counted a few days agowhile in 2024 the hotels in Spain registered 7.5% more of foreign travelers, the speakers of Spanish tourists stagnate with a minimum rise of 0.2%. The price increase and the massification of the most important tourist areas are the main reasons for that break of national tourism. Therefore, now it is the least exploited areas that seek their part of a cake that grows 4.9% per year. And, seeing the photos of the country’s reservoirs, it makes a lot of sense. Image | Riaño, León (Paulo Valdivieso) | Pelayo Arbués | Eduardo Kenji Amorim In Xataka | Mass tourism has the days counted in Spain thanks to a phenomenon outside its control: extreme heat

Now the company has a plan to stop benefiting its rivals, according to FT

Deepmind, the firm of Artificial Intelligence (AI) that Google acquired in 2014 and officially integrated into a single division in April 2023it has been for years one of the great referents of the sector. Over time, he has earned that place for the quality of his scientific publications and for gathering some of the brightest researchers. But there are reasons to believe that this approach has begun to change. Several experts cited by Financial Times They ensure that Google Deepmind is delaying the publication of certain advances that it considers “strategic” or delicate in the field of generative AI. The measure is part of a strategy designed to preserve its competitive advantage and prevent its most recent and valuable developments from being exploited by rivals such as OpenAi. Transformers, star architecture Much of the development of generative artificial intelligence is not understood without Google’s advances. One of the most influential milestones was the publication in 2017 of the article ‘Attention is all you need‘, signed by eight researchers, who introduced the Transformers architecture. This approach, in general, allowed the models to process data more efficiently within large volumes of information. This architecture became the base of models such as Bert (bidirectional encoder representations from transformers), developed by Google itself and incorporated into its search engine in 2019 to improve the understanding of natural language. It was also key to the development of presentful systems such as GPT (Generative pre-trained transformers) of OpenAi, where the current ones are framed GPT-4 and GPT-4.5. Google is one of the world’s largest companies in the world. It has a huge financial muscle and access to key technology. Even so, the launch of Chatgptbased on GPT-3.5a model built on Transformers architecture, He took by surprise to the teams directed by L sundaria Pichai. The reaction was a “red code” and an urgent reorganization to compete again in an AI race that today leads OpenAi. It is no secret: when a company becomes a Big Tech, it loses part of the dynamism that defined it in its beginnings as startup. As we counted exactly one year agothey end up transforming into giants where the “move quickly and breaks things” no longer fits. They have too much to protect and a gear with thousands of pieces that cannot allow failures. Risking is not as easy as it seems. Even in this context, it surprises the speed with which the company of the search engine has managed to catch up. In a short time he has launched a AVALANCHA OF IA PRODUCTS based on advanced language models. There it is Geminihis direct rival of Chatgpt; Gemini Livedesigned to compete with Openai’s advanced voice mode; the Gemsthat work as Personalized GPTS; and amazing tools, such as Notebooklm. The new Google pulse The last years have forced the Mountain View company to introduce internal weight changes. One of the most significant affects the policy of publication of scientific articles: if the content is considered strategic, an seizure of six months is imposed before making it public. In addition, the group led by The Nobel Prize winner Sir Demis Hassabis He has hardened his internal processes, with a stricter review. One of the researchers who spoke on condition of anonymity with Financial Times was clear: today he cannot imagine Google by publishing a document like Transformers for general use. In this new dynamic, they say, “the company has become more concerned about the product and less for sharing the results of the investigation for the benefit of the common good ”, an address that can generate some discomfort in the community. Images | Boliviainteligent | Google Deepmind In Xataka | Openai has just lifted the greatest financing round in history: there is a blind faith in the AI ​​despite everything

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