bought

NVIDIA has paid $20 billion to “license” Groq’s technology. He actually bought it

by

NVIDIA has reached an agreement to “license” assets from Groq and will pay 20 billion dollars for said assets. The company—not to be confused with Elon Musk’s chatbot, Grok—has been designing and manufacturing AI chips for model inference for years. The quotes around “licensing” are important, because this is not a deal: it is a stealth acquisition. what has happened. on Wednesday the news appeared that NVIDIA had agreed to sign a licensing agreement with AI startup Groq. This news was confirmed by those responsible for Groq themselves. on your blogin which they talked about a “non-exclusive license agreement for inference technology to accelerate AI inference on a global scale.” But what both companies say is one thing and what this really is is quite another. How to buy a company without buying it. As part of the agreement, the company’s CEO and co-founder, Jonathan Ross, will go to work for NVIDIA, as will Sunny Madra – its current president – and other senior executives who “will join NVIDIA to help NVIDIA advance and scale this licensed technology.” At Groq they point out that they will continue to operate as an “independent company” led by Simon Edwards, who was their chief financial officer (CFO) and will now become the CEO. NVIDIA keeps (almost) everything. In September Groq raised a financing round of 750 million dollarswhich placed its valuation at $6.9 billion. Disruptive, Blackrock and other companies participated. Alex Davis, CEO of Disruptive, indicated on CNBC that NVIDIA will keep all of Groq’s assets except for one: Groq’s newly launched cloud business. NVIDIA’s biggest “pseudo-acquisition”. This operation is by far the most important for NVIDIA, which bought the Israeli company Mellanox —which designs chips—for $6.9 billion in 2019. In an internal email obtained by CNBC, NVIDIA CEO Jensen Huang explained that “although we are adding talented employees to our ranks and licensing Groq’s intellectual property, we are not acquiring Groq as a company.” The phrase is significant but sensitive, and NVIDIA may want to escape regulators’ scrutiny with this type of pseudo-acquisition. They already made another pseudo-acquisition before. Last September NVIDIA made an identical move by “betting” 900 million dollars by server startup Enfabrica. As in this case, they called to that operation a licensing agreement for its technology, but as in this case what happened is that the CEO of Enfabrica, Rochan Sankar, and other employees, ended up being part of the NVIDIA staff. What is Groq?. Although the name is confused with that of the xAI chatbot, this AI startup does something very different from that model. Groq was founded in 2016 by a group of former Google engineers led by Jonathan Ross and Douglas Wightman. Ross was one of the designers of Tensor Processing Units (TPUs), and Wightman was part of the Google X team and would end up becoming Groq’s first CEO until his departure in 2016. What Groq does. The company has designed AI chips that are specifically specialized in inferring AI models, or in other words, accelerating the execution of those models. While NVIDIA and other companies are especially focused on chips for model training, an equally critical phase, they are not as prepared for inference. Chatbots at full speed. That’s where Groq comes in, who allows extraordinary acceleration of inference and ensure that when we chat with models they “write” at very high speeds. This is when very high token/s speeds are obtained, far above other infrastructures. Not only that, Groq is also cheaper thanks to its specialized chips, so if you want your chatbot to respond at full speed, Groq chips are a fantastic option. How to be a monopoly without saying it. This investment by NVIDIA demonstrates its intention to diversify its business and not stay stuck in its own solutions. The huge operation gives it a major competitive advantage because none of the big AI companies today had focused specifically on inference chips. Groq did from the beginning, and with this “deal” it seems clear that NVIDIA’s dominance in this sector can be strengthened. Is, some analysts saya defensive move rather than a strategic one, and they may be right: Google is getting stronger and stronger with its TPUsand that now Groq is basically part of NVIDIA – although they don’t want to say it that way – will allow it to compete better against the aforementioned Google and the rest of the rivals that are beginning to challenge that dominance. Image | Groq | NVIDIA In Xataka | AMD’s problem is not that it doesn’t make good GPUs for AI. It’s not even close to NVIDIA

A man bought Lambo.com to ask for 75 million from Lamborghini: justice has taken it from him and his problems do not end there

by

In 2018, an Arizona domain investor thought he had found a four leaf clover digital by taking control of the “Lambo.com” domain for $10,000. The man was convinced that one day he could resell it for a huge amount thanks to Lamborghini’s fame. Years later, the judges have given him bad news: not only will he not get that money, but he will be left without the domain and with a considerable legal bill. I am “Lambo” for life According to the documents In the case, Richard Blair bought the Lambo.com domain in February 2018 for $10,000, seeing in it a business opportunity linked to the enormous popularity of the Italian car manufacturer and the colloquial name by which its supercars were known: lambos. In Xataka Lamborghini will only manufacture 29 units of its latest supercar but don’t be in a hurry: they were already sold before being presented Shortly after the purchase, Blair began using “Lambo” as a nickname online, although until then there was no sign of him identifying himself that way. Blair maintained that this nickname was not related to the Italian brand, but rather was a play on the English word “Lamb“, that is, lamb, trying to present an alternative explanation that would distance it from the universe of supercars. At the same time, he redirected Lambo.com to another page where he published personal content and from which he presented the domain as an asset for sale, trying to show that the use of the name It was linked to its own identity and not to an attempt to take advantage of the car manufacturer’s reputation. In Xataka Buying a Lamborghini is a luxury reserved for a few: building one with used parts and an Ikea sink is another level Lambo’s price escalation The case records show that Blair soon set a very high price for the Lambo.com domain. The domain was first listed for sale on August 6, 2020 for $1,129,298. On December 23, 2020, the figure already tripled, rising to 1.5 million dollars and on January 27, 2021, it already reached 3.3 million dollars. Far from stopping, the owner continued to increase expectations and on September 23, 2021 the price rose to $12 million, on August 11, 2022 it made a considerable jump to $58 million, and on September 7, 2023 the figure reached $75 million. According to pointed Road&Track, during that period Blair received several offers for the domain but rejected them, because his objective was not to sell it to any buyer, but to get Lamborghini to pay an exorbitant amount for an address that fits the colloquial form of his name. Blair’s move did not go unnoticed by the Italian manufacturer, which in April 2022 filed a lawsuit with the Arbitration and Mediation Center of the World Intellectual Property Organization (WIPO), under the protection of the Uniform Domain Name Dispute Resolution Policy UDRP), requesting the transfer of the Lambo.com domain to the company considering that it was trying to profit from a name clearly linked to its trademark registered by the supercar manufacturer. In August 2022, WIPO concluded that Blair acted in bad faith and ordered the transfer of the domain to Lamborghini, understanding that he had no prior rights to the term “Lambo”, that he only began using that alias after purchasing the domain, and that he was trying take advantage of brand awareness to profit. Despite that decision, Blair decided to go to federal courts to appeal the WIPO resolution and maintain control over Lambo.com, prolonging the conflict and thus assuming new legal costs. The final blow of the courts As the conflict progressed, Blair redirected the domain to a personal website where he published a text in which he warned that he would be confronted by those who tried to take away his domains. “I AM LAMBO of LAMBO.com and I will defend, defeat and humiliate those who try to steal any of the trademarks from my domain name, including my nickname,” a statement attributed to Richard Blair himself. {“videoId”:”x957t4e”,”autoplay”:false,”title”:”Lamborghini Countach”, “tag”:”Lamborghini”, “duration”:”163″} The litigation ended up in district court of the United States, which supported the WIPO resolution and concluded that Blair had no rights to the name, demonstrating that he did not carry out any real activity on the page and that he attempted to benefit from the reputation of the Lamborghini brand. The result is that the manufacturer has obtained the Lambo.com domain without paying a single cent, while Blair has lost both his initial investment of $10,000 and the sales opportunities. In addition, the court has ordered him to pay legal costs, so buying Lambo.com not only has not brought him the expected benefits, but he has had to put money out of his pocket. Greed broke the bag. In this case, one that came loaded with money. In Xataka | In Dubai they don’t know what to do with so many abandoned luxury supercars: the less shiny side of getting rich Image | Lamborghini (function() { window._JS_MODULES = window._JS_MODULES || {}; var headElement = document.getElementsByTagName(‘head’)(0); if (_JS_MODULES.instagram) { var instagramScript = document.createElement(‘script’); instagramScript.src=”https://platform.instagram.com/en_US/embeds.js”; instagramScript.async = true; instagramScript.defer = true; headElement.appendChild(instagramScript); – The news A man bought Lambo.com to ask for 75 million from Lamborghini: justice has taken it from him and his problems do not end there was originally published in Xataka by Ruben Andres .

AI doesn’t just live on chips, it also requires massive energy, so Google has bought an energy company

by

The AI needs a lot of energy and technology companies are already planning how to power their huge data centers. On the table there are such creative ideas as take them to space either submerge them in the sea to reduce its consumption. Google has opted for a more immediate solution: it has purchased an electricity company for data centers. The agreement. Google has purchased Intersect Powera company dedicated to developing energy infrastructure, including renewable energy sources, for data centers. Google has paid $4.75 billion for the San Francisco-based company, in addition to assuming its debt. According to Sundar Pichai: “Intersect will help us expand our capacity, operate with greater agility in the construction of new power generation facilities in line with the new load of data centers, and reinvent energy solutions to drive innovation and American leadership” Why it is important. The agreements of AI companies are usually focused on computing capacity, not energy. This agreement underscores the importance of energy in AI infrastructure, putting it on the same level as the very chips it powers. Data centers are being developed at a brutal pace and energy is presenting itself as a bottleneck. Satya Nadella already said it: there is no power for so many chips. It’s Google ensuring enough “food” for its chips. Yontersec. Google’s relationship with Intersect began just a year ago, when big tech acquired a minority stake in the company. Under this collaboration, several projects have come to light in their data centers. Both these projects and all Intersect personnel are part of the agreement. What the agreement does not include are other company assets, mainly located in Texas and California, worth 15 billion. These will continue to operate under the Intersect brand. Energy. In 2023, data centers already accounted for 4% of the energy consumption of the entire United States, and at the rate at which they are being built, the figure will continue to increase (there is talk of 12% by 2028). The problem is that US electrical infrastructure cannot support that pace and is having consequences for consumers through price increases in electricity. Google assures that with this agreement it will be able to guarantee “an abundant, reliable and affordable energy supply that allows the construction of data center infrastructures without passing on costs to network customers.” Image | Wikipedia, Intersect In Xataka | Talking about artificial intelligence is talking about energy, and the fashionable term is ‘bragawatts’

Mercadona has bought the company that has been supplying pallets and boxes for decades. And there is a very simple reason

by

Let Mercadona monopolize 30% of the supermarket business is no coincidence. The success of Juan Roig’s chain responds to a cocktail in which, among other issues, its bet on white labelsthe ready to eat dishes and geographic dispersion. Another key to that equation is your supplierswho are responsible for supplying you from cheeses or kebabs to services. Now the chain has decided take the reins from one of those external firms, Logifruitthe same one that has been supplying it with boxes and pallets for decades. There is a word that explains it: logistics. What has happened? That Mercadona has decided to take over the Valencian company Logifruitone of the key suppliers of its logistics, since it supplies it with the boxes and pallets it uses to transport goods. It has been the Valencian chain itself that has been in charge to announce the acquisition, although without revealing the amount or the dates. In your statement Juan Roig’s company simply emphasizes the importance of the purchase for its internal operations and advances an important piece of information: the 1,600 Logifruit employees will join Mercadona’s team directly. What is Logifruit? A crucial piece in the functioning of the Valencian chain. The company was founded in 1996, has 16 logistics platforms and manages more than 18 million of boxes, boxes and reusable pallets designed for the transport of goods. Its network of facilities is spread across a good part of the peninsula, with 14 nodes distributed throughout Spain and two others in Portugal. Is it just another supplier? No. And not only because your rental model of reusable packaging has earned it a strategic role in Mercadona’s structure. Unlike other suppliers of Juan Roig’s company, which maintain extra business avenues (even if they are minority), the history and work of Logifruit is closely linked to that of the supermarket chain. The company itself explains on his website which started in 1996 as a “logistics operator to provide service to Mercadona’s fruit and vegetable suppliers.” Almost 30 years later, that link remains key for both companies. Why’s that? By defining your “interest groups” in the sustainability report 2023, Logifruit identifies the five major actors that shape its business: the workforce, the companies that supply materials, machinery and services, society as a whole, capital and customers. And among the latter he specifically cites two: Mercadona and its suppliers. In fact, although Logifruit talks on its website about “more than 1,095 clients”that ecosystem seems to basically pivot around Roig’s chain. The diary Five Days assures that, in its latest financial report, the box and pallet company recognizes that it did not have “other clients outside of the pool of services established for Mercadona and its suppliers”. At least by the end of 2024. Do we know anything more about the company? Yes. And it helps to better understand the movement that Mercadona has just made. Last year Logifruit invoiced around 164 million of euros (7% more) and obtained a net profit of 5.2 million. Its assets amount to 22.3 million and its liabilities include debts with financial entities, although most of them mature in the long term. The other piece of information that helps understand Roig’s movement is that in 2024 the company rented packaging worth 54 million euros to Mercadona and its suppliers, according to the documentation consulted by Five Days. What does Mercadona say? That the purchase will help it achieve two of its “objectives”: “unify all its logistics processes” and “continue consolidating the efficiency and sustainability of its distribution network.” “The agreement, pending approval by the Competition agencies and the corresponding administrative authorizations usual in this type of operations, will allow Mercadona to capture important synergies and further optimize its resources,” the Valencian firm stands outwhich hopes to “strengthen” its assembly line. And Logifruit? Logifruit also highlights the historical link between both companies. “When we began our collaboration with Mercadona, in 1996, we took on the challenge of offering a service that met their needs and gave them competitive advantages. Three decades later, I am proud to be able to say that Logifruit has overcome that challenge,” celebrates its president. In its financial report the company itself recognized that it would be “complicated” for Mercadona to find a substitute capable of supplying boxes and pallets in the short term and that this operation would also require a high investment. Is it something exceptional? Yes. And no. In addition to his commitment to the white label, the prepared food and geographical dispersion, Mercadona’s commercial success relies heavily on its network of suppliers. Although it is not common, this is not the first time that he has decided to integrate into his structure one of those companies that help him articulate his business. It already happened in 2010 with the Caladero packaged fish company, although years later he sold it to Profand. Images | Logifruit 1 and 2 and Andalusian Government (Flickr) In Xataka | Mercadona has grown so much in Spain that for the US it is no longer just a supermarket chain: it is a “cultural phenomenon”

In 1965, a notary bought an apartment of bare ownership from a 90-year-old owner. The old woman was already living her second life

by

In 1965, in the picturesque city of Arles, in the south of France, the notary André-François Raffray believed he had found a bargain to invest. Jeanne Calment, a 90-year-old widow and no heirs owner of a large apartment in the historic center of the town, was willing to reach an agreement to sell her housing in exchange for a life annuity and to be able to live in it until his death. With the statistical data in hand, the purchase of the apartment was going to be a bargain for the notary, so he did not hesitate to reach an agreement with the elderly owner. What the young notary did not expect is that it was going to be the worst deal of his life: the old woman had a bombproof geneticsor at least that’s what everyone thought. The deal was a bargain, but not for who it seemed The purchase agreement was simple in its approach: Raffray would pay 2,500 francs per month to Calment (an amount equivalent to about 380 euros per month). until the death of the old woman (who we remember was already 90 years old), after which the property would be fully his. This type of contract (known in France as traveler) is based on the bare property. This legal concept establishes that the buyer acquires the right to property without enjoy the usufruct until an uncertain event occurs, in this case the death of the saleswoman. That is, it is like a deferred purchase in which a certain immediate payment is established and the seller can use the property until his death. The buyer then takes possession of the property. Given this condition, the price of the investment is considerably lower than the market value, since it is not available immediately. That reduction in the initial price has shot the number of operations that have been growing at a double-digit rate since the pandemic. According to published data by Expansionin 2021, this type of operations grew by 22.6%, 23.7% in 2022 and 11.3% in 2023. For a 47-year-old buyer like Raffray, that seemed like a smart move and a very low-risk investment. In 1965 and with the life expectancy statistics much smaller than the current ones, Raffray assumed that Calment would live perhaps a few more years and that the total amount he would pay would be less than the market price of the apartment. A saleswoman with a lot of attachment to life However, what seemed like an operation with few unknowns turned into a financial nightmare for Raffray. Jeanne Calment, the elderly nonagenarian, not only lived beyond any reasonable expectation at that time, but his longevity surpassed all calculations. Officially, Calment died in 1997 at the age of 122 years and 164 days. as he collected The New York Times. That is why he entered the Guinness Book of Records as the oldest person recorded to date, It’s also bad luck for Raffay. Raffray, in turn, died in 1995 at the age of 77, 30 years after signing the contract with Calment. Until that moment, the notary had paid fees that, together, They far exceeded the value of the property. However, after his death, his widow was forced to continue with payments to Calment, because the obligation agreed in the annuity contract only disappeared with the death of Calment, not Raffray. There was no escape. The result was that Raffray’s family ended up spending much more money than it would have cost to buy the apartment through conventional methods, without ever moving in. Calment herself, with irony, even commented in an article for The New York Times that “in life, sometimes bad deals are made.” A life worth two As expected, such remarkable longevity did not go unnoticed by science and medicine, with much interest being shown in investigating the details about the life and habits de Calment to try to reveal their secret…and boy did they do it. In 2018, a research team formed by the Russian mathematician Nikolay Zak and the gerontologist Valery Novoselov proposed a radical hypothesis: Jeanne Calment could have died in 1934. The Calment who had signed the bare ownership contract with André-François Raffray could be Yvonne Marie Nicolle Calment, daughter of Jeanne Calment who, supposedly, had died of pleurisy on January 19, 1934. The hypothesis was that Yvonne would have impersonated his mother’s identity to avoid paying inheritance taxes. That artificially “extended” the longevity of his mother, who was actually living two lives under the same name. This theory was supported by discrepancies in ancient documents, such as differences in physical characteristics between historical records and by comparing photographs of Yvonne and the supposed elderly Calment. So it was not only a fraud to avoid paying taxes, Raffay was also victim of deception. However, there is no scientific consensus on this version. Subsequent research by a team of Swiss and French demographers and historians, published in it Journal of Gerontologythey discard the hypothesis of fraud and maintain that, statistically, Calment could live to be 122 years old. In Xataka | There is a ‘good’ fat that hides a secret to aging better and being in shape. All that remains is to get the pill Image | Wikimedia Commons (Emilien Barral), grg.orgUnsplash (Jakub Zerdzicki)

For years, foreigners who wanted sun and beach bought a house in Spain. Now they are looking for something else: luxury housing

by

The real estate market emits signals which show that foreigners have won a relevant weight in the sale and purchase of luxury homes, which leads us to think about changes in the profile of the international buyer. Spain is no longer just a destination for families or couples from other countries interested in getting a small apartment for their vacation in search of sun and beach. It also receives wealthy people who want settle herein the cities, and is able to pay for his house out of pocket. The data are certainly suggestive. “First level destination”. I warned him recently in an interview with Idealista Paloma Pérez Bravo, CEO of Residencial de Lucas Fox, a platform specialized in the premium market: “Spain has gone from being a sun and beach getaway to a top-level luxury destination.” From your experiencethe country “has stopped being the home of the sun and has become the home of investment. People want more first homes than second homes because they are moving to Spain.” It’s not the only change he appreciates. Upon your signature, Bravo explains to SERdigital nomads are now arriving, entrepreneurs from America, English and American, also businessmen and investors who used to invest in the US and now find themselves with problems there due to Trump’s immigration policy. Is there data? Yes, although they come mainly from companies, so they must be handled with some caution. In your report On market forecasts for 2026, Lucas Fox reveals for example that 62% of buyers Those who close transactions worth more than 2.5 million euros are foreigners, more than 60% of ultra-luxury sales are signed without the need for financing and a good part of the acquisitions are made in search of a “main residence”, not to convert the property into a vacation home or as an investment. Looking ahead to next year, the company also expects that activity in the segments prime and super prime grow 3-6% and 6-10% respectively and leaves behind a fundamental idea that tells us about the profile of those clients who purchase the most expensive houses: “The international buyer is already the majority.” Specifically, the weight of Europeans stands out, followed by Americans and British. Other percentage: 92%. Lucas Fox is not the first to warn of the frequency with which foreign accents are heard in real estate agencies specializing in the premium market. A few months ago Barnes claimed that 92% of buyers from the Spanish luxury market were already foreigners. Of them, around half (49%) were also investors from outside the EU, with a notable presence especially of Mexicans, Colombians, Venezuelans, Russians, Chinese and Arabs. The community members They accounted for 43% while the Spanish, according to the real estate agency, were left with a meager 8% of the total. Are there more clues? The answer is once again affirmative. Another company that shared data recently is LuxuryEstatea premium housing portal that confirms that searches by international buyers interested in the Spanish market already represent a substantial part of its traffic. Above all, the demand for information from european countries such as Germany, France, Italy, Belgium or the Netherlands and the interest aroused by the premium segment of Catalonia, the Balearic Islands, Madrid or the Valencian Community. Other regions, such as the Canary Islands and the Basque Country, also seem to be emerging. A consolidated destination. LuxuryEstate confirm in fact that ours “is no longer just an aspirational destination, but a highly competitive market.” The comment is in line with what it points out to Lucas Fox or even CaixaBank Research, which in a recent analysis Regarding the changes in the profile of the resident foreigner who acquires housing in Spain, he warns: “Spain has established itself as one of the most attractive destinations for luxury investment in Europe.” Different buyers. In the same reportCaixaBank recalls that the demand for housing by foreigners has grown in recent years, first after the pandemic and then thanks to the improvement in financing. It also clarifies that there are differences between resident foreigners and those who do not live here and are mainly looking for houses for their vacations or as an investment. On average, the former (residents) paid around €1,795/m2 in 2024 and the latter (non-residents) €3,063/m2. These are values ​​significantly higher than those recorded by national buyers, which moved at 1,713. However, the last balance of Property Registrars shows that foreign demand for housing has reduced in the third quarter of the year, representing 13.6% of the total. The percentage reflects the entire market, not just the luxury segment, although there are those who warn that the latter is not immune to the shortage of supply, which among other issues affects its prices. Images | DaYsO (Unsplash) In Xataka | After Catalonia, there is another autonomous community considering prohibiting buying a home to invest: Canary Islands

When you bought a car you were supposed to control it 100%. The industry has managed to make us lose our desire

by

An owner of a Hyundai Ioniq 5 N recently discovered that he couldn’t perform one of the most basic maintenance tasks on his electric car: changing the brake pads. The reason has nothing to do with how complex or not the task was mechanically, but rather with Hyundai’s proprietary software and the professional-level credentials necessary to access it. The episode has reopened the debate on the repairability of electrified vehiclesin an era in which we increasingly need professionals specialized in software and electronics in workshops, and carrying out maintenance on our own is increasingly more complicated. The underlying problem. Brake pads are wear components that any car needs replacing periodically, although in electric vehicles they last longer thanks to the regenerative braking. On most cars, this job can be done at home with more or less basic tools and moderate mechanical experience. However, the Ioniq 5 N incorporates an electronic parking brake that must be fully retracted by a computer to allow changing pads, and then recalibrated to adjust to the thickness of the new parts. What it cost the owner. According to shared user SoultronicPear on Reddit, no conventional diagnostic scanner worked on his 2025 Ioniq 5 N. After trying several options, he purchased a subscription to Hyundai’s J2534 software (costing $60 per week) and an approved adapter (about $2,000). Still, the system didn’t work. After contacting the software developers, he discovered that the Windows version was not updated for the 2025 models, while official dealers use a completely different program based on Android. a barrier. When I finally received the updated version of the software, a new obstacle appeared: the system requested credentials NASTF (National Automotive Service Task Force), a US organization that validates professional mechanics and regulates access to sensitive vehicle functions in the country. According to TheDriveHyundai’s technical documentation states in red that “access to two-way tests and special functions requires NASTF Diagnostic Professional or Vehicle Safety Professional credentials.” Therefore, the owner could not access this adjustment firsthand. Hyundai’s position. The middle consulted to the firm, which defended its procedure arguing reasons of security and functionality. “The official repair procedure requires placing the rear calipers into service mode using our Global Diagnostic System or the J2534 app. This ensures proper functionality and customer safety,” a spokesperson explained. The company he added that it is exploring ways to make routine maintenance easier by “balancing convenience with security,” and that its official tool is available for anyone to purchase, although it is worth mentioning that its price is around $6,000. Beyond legality. Technically, Hyundai does not violate the laws of law to repair because it offers access through systems compatible with the J2534 standard, not only through proprietary equipment. However, what has always been a task accessible to individuals with moderate mechanical knowledge who wanted to do it on their own, has been relegated exclusively to professional workshops, at least in this case. A growing problem. Although the case focuses on Hyundai, the Korean brand is not the only one that makes repairs on modern vehicles difficult. The electrification and digitalization of automobiles is creating new barriers for owners and even independent workshops, who also cannot access these functions. For many enthusiasts, this takes away autonomy over their own vehicles and creates confusion, especially for something that should be as accessible as routine car maintenance. Cover image | Tekton In Xataka | In 2001, Renault launched a car ahead of its time: it was a miserable failure that now has another chance

If you bought your house before 2013 and paid off the mortgage with its sale: The Treasury owes you money

by

If you bought your house before 2013 we have good news for you: now you will be able to recover up to 1,356 euros on your tax return thanks to an important change in the way in which the Treasury recognizes mortgage deductions. If you used the money from the sale of your home to pay what you mortgage pendingthis change in Treasury doctrine can directly affect you. The new resolution of the Central Economic-Administrative Court (TEAC) opens the door for thousands of taxpayers to review their statements from recent years and request returns that they couldn’t ask for before. An opportunity to save on rent. The Central Economic-Administrative Court (TEAC) has dictated a change of doctrine in a resolution in which he has clarified that, if you use part of the money from the sale of your house to pay off the remaining mortgage, you can also deduct that amount on your income tax return. This changes the way the Treasury saw things until now and may mean recover more money on your taxes. Previously, you could only deduct mortgage payments while you lived in the house and owned it. If you sold the home, you lost the deduction from the day of the sale, even if you used part of the money to pay off the mortgage. An example to understand it easily. The TEAC resolution has been based on the binding consultation of a taxpayer from Santa Cruz de Tenerife, so his case can serve as a practical example. This taxpayer sold his home in June 2018 and used 10,202 euros of the amount obtained from the sale to pay off the mortgage. At that time, the Treasury only allowed him to deduct the installments paid until May, the month before the sale of the home, because the cancellation payment for the same, although it is part of the investment in that home, was no longer counted because it was no longer his property. With the new TEAC criteria, this cancellation with the money from the sale can also be deducted and therefore the excess withholding in personal income tax that was not previously recognized can be recovered. This represents a real change for those who have sold their house and paid off their debt with the money from the sale, since their right to the deduction does not disappear the day they sell the house, but remains in force as long as they use that money to pay the cancellation of their mortgage. Conditions to access the deduction. As and as they remember in IberleyIn order to benefit from this deduction, a series of conditions must be met. The first condition is that the home had to be your habitual residence until the moment of selling it. The second condition is to have purchased that home before 2013 and to have applied the personal income tax deduction prior to its sale. The maximum base for calculating the deduction is 9,040 euros per year, and the Treasury allows you to deduct 15% of what you pay for the loan. That leaves a maximum deduction of 1,356 euros per year which, if you had not applied it after the sale of the home, you can now claim if applicable. Review of declarations from 2021. From Idealistic stand out that, although this deduction is only for those who bought before 2013, those taxpayers who have sold their home and canceled the mortgage since 2021 can review their returns to see if the personal income tax deduction was correctly applied, including that final cancellation amount. This means that there may be pending returns for those who did not claim it at the time and meet the requirements in the years between 2021 and 2024, as long as their term has not expired. In Xataka | Just in case Madrid had few problems with housing, now it adds one more: US millionaires investing in the city Image | Wikimedia Commons (Jordiferrer, Ruth Leong)

A loaf of bread costs one euro in the supermarket. For the same price Europe just bought 18 fighter jets

by

A loaf of bread from a supermarket or basic bakery usually around the euro in many cities. An automatic coffee machine in stations, hospitals or universities is also found at that price (okay, not always). In supermarkets, seasonal fruits such as a large apple, a banana or a loose piece of fruit can be around the amount. Even a single bus ticket in some cities is still close to the euro. What we were never going to imagine is that what a loaf of bread costs, 18 fighter jets cost. A strategic transfer. The transfer of 18 F-16 fighters from the Netherlands to Romania for the symbolic price of one euro It is, on the surface, an administrative gesture, but in practice it constitutes a strategic move with direct implications for the European security architecture and for the war in Ukraine. The formalized operation the full incorporation of these devices to the European F-16 Training Center (EFTC), installed at Fetești Air Base 86, in the southeast of Romania, and whose function is train Romanian and Ukrainian pilots in the management of the F-16 under interoperable NATO standards. Further. The presence of these aircraft on Romanian territory no longer depends on Dutch ownership, which allows expand and secure training places, adjust training rhythms to Allied needs and consolidate Romania as a key country on the eastern flank, in a context marked by Russian pressure in the Black Sea and on the border with Ukraine. Romania as a hub. The EFTC has become a space where instructors, pilots and technical personnel from multiple NATO countries and Ukraine work under homogeneous methodsensuring that new F-16 operators not only learn to fly the device, but also to integrate it into air defense doctrines, airspace control and combined operations. The center benefits from a tripartite structure: Romania provides the base, infrastructure and logistical support; The Netherlands provided the aircraft, and Lockheed Martin, as manufacturer, supplies instructors and advanced maintenance. Implications in war. This combination facilitates training of ukrainian pilots in an environment that reproduces real mission patterns and also guarantees constant course rotation without depending on US airspace or dispersed structures. The fact that these F-16s are European AM/BM standard models, the same ones that Ukraine has begun to receive from various allies, allows for immediate continuity: what is learned in Romania is translated without transition to combat operation. Relevance for Ukraine. The nation has received commitments to deliver dozens of F-16s from from Netherlands, Denmark, Norway and Belgiumand its arrival has marked a slow but cumulative turning point in the modernization of its air force, until now dominated by MiG-29 and Su-27 Soviet design. The pilots trained in Romania (and in parallel in the United States) are already operating on defensive missions against Russian attacks with missiles and drones, and the value of the F-16 depends on both its number and the degree of training and the ability to sustain its maintenance and doctrine. In that sense, the EFTC is a structural piece, since it guarantees not only initial learning, but continuous trainingthe accumulation of Ukrainian instructors and the doctrinal integration with allies who have already dominated the apparatus for decades. Furthermore, the future possibility of these same aircraft transferred to Romania ending up in Ukraine is not ruled out, especially as Romania moves towards adoption of the F-35planned for after 2030. Implications. Plus: The strengthening of the EFTC reflects a broader shift in European defense: The progressive reduction in the number of F-16 operators in Western Europe, replaced by the F-35, has left room to reorient these aircraft to training, interoperability and reinforcement functions on the eastern flank. Romania, together with Bulgaria and Slovakia, is part of the group of new F-16 operatorsbecoming recipients of capabilities previously concentrated in northern and western countries. This geographical shift of air capabilities towards the east is significant because it accompanies the shift from the center of gravity strategic of NATO after the Russian invasion of Ukraine. Training, maintenance, doctrine and response capabilities are now concentrated in territories closer to the possible confrontation. Other transfers. The symbolic sale of weapons between allies has relevant precedents that show how the financial price can be irrelevant compared to the strategic objective. The best known case is the transfer of 22 fighters MiG-29 from Germany to Poland in 2002 for one euro per unit, an operation that allowed Polish air capacity to be maintained while Berlin advanced in its modernization and that, years later, facilitated the shipment of those same devices to Ukraine. Another example is the transfer of former Hamilton class coast guard cutters by the United States to the Philippines. for a dollarwithin the program Excess Defense Articlesstrengthening Philippine naval capabilities in the South China Sea without a prohibitive cost. Added to this is the howitzer transfer self-propelled M109L from Italian arsenals to Ukraine, also under symbolic conditions, when the priority was no longer their accounting value, but rather putting proven, repairable and compatible systems with available ammunition in the hands of the Ukrainian army. At one euro. The sale for one euro It is not an isolated symbolic gesture, but the formalization of a capacity transfer process that consolidates Romania as NATO strategic node in air training and preparation, reinforces the technical base of the Ukrainian air force in transition, and reflects the structural readjustment of European defense to the east. He EFTC It provides not only pilots, but also doctrine, interoperability and operational continuity at a time when the stability of the eastern flank depends both on the number of aircraft and the quality and consistency of those who operate them. Image | US Air Force, Dutch Ministry of Defense, Romanian Ministry of Defense In Xataka | A very dangerous idea is gaining strength in the corridors of Europe: paying Russia in kind In Xataka | The war in Ukraine has triggered delays and canceled flights. And Europe has the solution: a wall of drones

In 2007, 20% of homes were bought by young Spaniards. Now that gap is being filled by another group: foreigners

by

With the skyrocketing priceshe decoupling between supply and demand in cities and a market increasingly inaccessiblethe notaries of Spain have found themselves with a curious fact (not unexpected) when reviewing the home buying and selling data. Operations led by young people have collapsed in recent decades. If in 2007 they represented 22.5% of the total, now they do not reach 10%. Of course, all groups have followed the same dynamic. The statistics Notaries show that there is another group of buyers that has experienced a diametrically opposite trend: foreigners. What has happened? That the General Council of Notaries (CGN) has launched a new tool on-line which helps us better understand the Spanish real estate market. Above all to study key aspects such as the evolution of prices, the pace of purchases and sales or the amount of operations, offering an alternative vision to that of portals such as Idealista. If something has attracted attention During its presentation, however, another indicator was: the weight of young people in the real estate market. Or rather, how it has been receding little by little. What does the data say? The conclusion of the notaries is quite clear. If we look back and analyze the last two decades, we see that “the presence of young people in the market has been drastically reduced.” In 2007, the younger population (those between 18 and 30 years old) was behind 22.53% of sales. Today that percentage has been reduced to 9.55%. In fact, the statistical portal shows that they are one of the groups with the smallest footprint on the market, only behind the group that is already over 70 years old. In general the latest data Updated CGN data show that those under 31 years of age have represented 9.35% of buyers over the last year, far from the 25.7% of the 31-40 age group or 26.89% of the 41-50 age group. For more than a decade, in fact, the average age of those who buy has been around 50 years old. It’s not surprising at all. Other studies have been pointing out for some time the difficulties with which young people encounter to access the real estate market (only a part manages to buy or rent) and above all its gradual weight loss. Do they show anything else? Yes. Young Spaniards may play a much more discreet role in the sector today than just a few years ago, but there is another group that has grown. So much in fact that has covered the gap left by those less than 30 years old. CGN data show that operations carried out by foreigners have skyrocketed in the last two decades: from representing 7.5% of the total in 2007, they have risen to 20.1%. The Vanguard specifies that the increase has been especially pronounced in the case of non-residents, who would be purchasing of the order of 50,000-60,000 properties per year. He statistical portal of notaries allows us to go a few steps further and get a more approximate idea of ​​which foreign citizens are interested in the Spanish real estate market. According to their updated data, the British represent 8.7%, the Moroccans 7.7% and the Italians are close to 7%. They are followed on the list by Germans (6.9%) and Romanians (6.4%). It is interesting that in some of these groups, such as the British, the percentage of non-resident buyers is higher than those who do have their habitual residence in Spanish territory. When comparing the evolution of foreign buyers and young people (between 18 and 31 years old), the data must however be handled with some caution, since the General Council of Notaries does not clarify to what extent they overlap. And what about the prices? In recent years the real estate market has been marked by another phenomenon as or even more relevant: rising prices. The data of Idealistic show that, in Spain, on average, the square meter of residential use cost 1,522 euros in September 2015. It now stands at 2,517. The data does not exactly match the calculated by the notaries, but it still gives an idea of ​​the increase in housing prices. The group estimates that last year the sector recorded a variation rate price increases of 7.12%, one of the highest in the last decade. In fact, it was only surpassed in 2022, when the figure was 7.23%. “From January to August 2025, apartment prices in Spain (new and second-hand housing) have increased by 8% compared to 2024. This situation is worsened in the country’s capital, with Madrid registering a price increase of 15.2%. In Barcelona the increase reaches 9.23%,” concludes the CGN. The director of the Technological Center of Notaries, Alberto Martínez Lacambra, admits In fact, the rise in housing prices “is beginning to be worrying.” And beyond prices? The weight loss of young people is explained by several factors. Although the increase in the price of residential m2 is a key factor, there is an added difficulty in saving (costs rise in the purchase and sale market, but also in the rental market) and accessing credit or deep imbalance between demand and supply that the most saturated markets suffer from. The situation is so complex and young people have it so difficult that in fact notaries have found another revealing surprise: they are increasingly most common donations of housing (or cash for purchases) between parents and children. Regarding the increase in foreign buyers, the trend coincides with another undeniable reality. One that goes beyond the effect of extinct ‘golden visa’: he general increase of the foreign population, which has helped Spain increase its GDP and strengthening of the registry, a reality recognized by the INE itself. In recent years, the country has also gained appeal as a vacation destination, to the point that it threatens to become with more visitors of the planet. Images | Emil Gabrovski (Unsplash) and Roberto Tjalondo (Unsplash) In Xataka | A 40m2 “capsule” for 25,000 euros: the Chinese solution to housing that … Read more

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.