company

While the world fights for the most advanced chips, there is a company making gold with the ones that go inside your washing machine

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If you have walked through an industrial estate, you have surely come across the typical warehouse with the sign “Spare Parts and Bearings (Insert name)”. And it’s easy for you, at that moment, to wonder what the hell a bearing is and how the rest of the businesses are closing, except for ‘Rodamientos Paco’. Well, in the world of technology there is also a ‘Paco Bearings’. Is called Texas Instruments and, in full era of sophisticated chips, artificial intelligence and quantum computingis breaking it with something very specific. Boring chips. In short. Companies are in the middle of the results presentation period. In this round, the managers inform their shareholders about the direction of the company, while allowing us to learn about data on upcoming devices or business plans. Texas Instruments usually goes unnoticed in these more ‘techie’ times, but they are finishing up a fiscal year with very positive numbers. The fourth quarter they closed with 4,420 million and anticipate increasing to 4,680 million in the first quarter. In the last three months, its share value has increased by 18%. Its shares are among the highest among companies in the same sector and, as we said before, the curious thing is that it is doing all this almost silently. Live outside the hype. You can constantly read information about cutting-edge chips on Xataka. It is true that the current nature of components is marked by the current RAM memory crisis either of SSDsbut the snapdragonthe Apple Silicon, the latest from NVIDIA or AMD It is what usually marks the conversation. They are the most sophisticated and interesting chips, but a coffee maker does not need a chip like that. That’s where Texas Instruments comes into play. Because calling their chips “boring” is not an exaggeration. They are outside the AI ​​hype, the data centers and the most exciting features because its market is different: sensors, connectivity, controllers. Where are Texas Instruments chips? In routers, smart refrigerators, washing machines, air conditioners, as secondary chips in televisions, in remote controls, in calculators or in smart smoke detectors. But they not only make chips, but also another series of integrated circuits for wireless communications, signal processing in all types of devices and even sensors that detect tire pressure, engine temperatures or the air conditioning system. Texas Instruments chips and sensors are in… everything. Even in weapons. An example of a tiny sophisticated chip in the headphone stick… with only 16 KB of RAM. Because you don’t need more Huge investment. And the company is not sitting idly by with the huge amount of money it is making with its ubiquity strategy. a few days ago, Bloomberg reported on the agreement that Texas Instruments had reached to buy Silicon Labs. Also American, also with ‘boring’ chips that They are inside ‘things’ of all kinds. The operation is not closed, but the smell of it caused Silicon Labs shares to increase 51% to more than $206. The curious thing? That Texas Instruments is willing to pay more: up to $231 per share to investors. The operation has not been closed, but there is talk of a purchase of 7.5 billion dollars, well above the 4.5 billion that Silicon Labs is “worth.” Great year ≠ perfect year. All of this is… outrageous, but it indicates something very specific: they are spending a lot of money to reinforce a huge, stable market that goes unnoticed in a time when everything revolves around artificial intelligence and sophisticated technology. The purchase of Silicon Labs, paying such a high premium per share, shows that they know very well what they are getting into and the value of a market in which they are a key player. But one thing must also be noted: although revenues rose, annual profits did not increase at the same rate. He total invoiced increased by 13%, but as they have also invested more, this increase in costs reduced the profit margin, which “barely” increased by 4.2%, with some quarters being worse than others (in Q4 they fell by 3.5%). They haven’t had a perfect fiscal year, but there is one thing that is undeniable: they are still the kings of their niche. If we can describe being everywhere as a “niche”. In Xataka | While half the world looks for an alternative to Taiwan, Jensen Huang is very clear about the harsh reality: there is no

A Japanese toilet company has been manufacturing key parts in the chip industry for years. And now it is going to be key in AI

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Toto, world famous for their toilets with a trickle that we usually miss so much when we return from Japan, has been quietly manufacturing key components for the semiconductor industry for decades. Just like account Financial Times, an activist fund has focused on that part of its business, and the market is starting to pay attention. What has happened. Palliser Capital, a UK-based activist fund, has sent a letter to Toto’s board of directors arguing that the advanced ceramics the company works on are being ignored and underestimated by the market. The fund, which owns a stake among the 20 largest in the company, according to share from FT, calls Toto “the most underrated and overlooked AI memory beneficiary.” What is important. Toto is not just a bathroom company. Since 1988 it has been manufacturing the so-called ‘electrostatic chucks’ in series.‘ (electrostatic jaws), high-precision ceramic components used in the manufacture of NAND memory chips to hold silicon wafers during the production process, controlling temperature and avoiding contamination. This business, which they fit within their “advanced ceramics” division, already represents around 42% of the company’s total operating profit, according to data from Bloomberg. The connection with AI. He data center boom for artificial intelligence has skyrocketed the demand for memory chips. Companies like Meta, Amazon or large memory manufacturers (SK Hynix, Samsung, Kioxia) are accelerating their production to face a widespread shortage. That translates into more demand for the components that Toto manufactures. The company’s ceramic technology is also specially adapted for cryogenic etching, a process that is expected to gain popularity as memory chips become more complex and layered. Business tips. According to share The fund also criticizes that Toto is not explaining well to investors the importance of this segment and that the allocation of internal capital is not prioritizing this lucrative sector. The fund proposes that the company expand its ceramics business, sell cross-stakes in other companies and make better use of its 76 billion yen in cash (about $496 million). If Toto did all that, Palliser estimates the stock could rise more than 55%. The market had already started to move. Toto shares have accumulated a revaluation of more than 60% in the last year. Just like share Bloomberg, at the end of January, after the support of Goldman Sachs, which raised the value to buy pointing to the memory shortage as a tailwind, the stock rose 11% in a single day, its biggest rise in five years. Be careful with the warnings. The idea that Toto would have that competitive advantage before other competitors can be at that level comes from Palliser himself, who has an obvious interest in making that narrative credible. Tom’s Hardware points out that while electrostatic jaws play a real role in advanced manufacturing processes, whether that translates into sustained growth still depends in part on large memory manufacturers committing to expanding production and, for now, they are being cautious faced with the risk of oversupply if the AI ​​market cools. The phenomenon is not exclusive to Toto. Japan has a long history in chip production, which has led companies with very different profiles to develop businesses related to semiconductors almost without anyone noticing. Just like share Bloomberg, Ajinomoto, known for its broths and its mastery of umami, makes insulating films for chips based on its expertise with amino acids. Kao, a cosmetics company, has a silicon wafer cleaning business. The AI ​​business is revaluing companies that, a priori, had nothing to do with it. And Toto is the latest example of this. Cover image | Taylor Vick and Upgraded Points In Xataka | What future awaits artists with the rise of AI? In Ireland they see it so black that they are already preparing a basic income

Renfe has not yet found a company for its maintenance

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The high-speed trains with which Spain debuted the AVE in 1992 They have been left without a maintenance contract. So it affirms the ABC, ensuring that Renfe put out to tender the service for more than 164 million euros and the tender has been void, so the operator has not yet found any company to take charge of it. The problem. As the media reports, Renfe called a public tender in June 2025 to award a private company the maintenance and repair of its oldest AVE trains, those of the 100 and 100F series, the same ones with which the first high-speed commercial line in Spain, the Madrid-Seville, was inaugurated in April 1992. The tender budget amounted to almost 165 million euros, according to inform the ABC, through the documentation published on the State Contracting Platform. The middle point that Renfe only received one offer and discarded it as it was considered invalid. What trains are and why they matter. The 100 series was born from an order that Renfe placed in 1988 to the French manufacturer Alstom: 24 high-speed trains based on the Atlantique TGV, adapted to the Spanish market. They were, at the time, a milestone: the first railway system in the world to commit to refunding the ticket if the train arrived more than five minutes late (has aged quite a bit this commitment today). After more than 30 years behind them, these vehicles continue to circulate on some lines of the network. How maintenance worked until now. The previous contract was in the hands of Irvia Mantenimiento Ferroviario SA, a company established in January 2008 by Renfe Operadora itself and Alstom Transporte. As detailed by the company on its website, for five years it has been in charge of the maintenance of 14 series 100 trains and 10 of the 100F series at the bases of Cerro Negro (Madrid), La Sagra (Toledo) and Can Tunis (Barcelona). Just like share In the middle, its tasks covered both preventive and corrective maintenance as well as online technical assistance and repairs resulting from accidents or vandalism. That contract expired on November 30, 2025, according to ABC. Why doesn’t anyone show up? It is clear that maintaining a fleet of trains of this age is not attractive for the sector. The 100 series models have more than 30 years of service, which implies difficulties in finding spare parts, specific engineering and technical personnel specialized in already obsolete systems. Furthermore, according to account ABC, to this is added that Renfe did not publish the specifications openly, so any interested company had to physically travel to the Renfe Viajeros headquarters in Madrid to collect the documentation. According to share In the media, the operator justified this by the volume of the file. What happens now? Renfe has no current contract for the maintenance of its oldest AVE and no company willing to take on the task. The operator has not publicly explained how it will cover this service or if it plans to relaunch the contest with new conditions, so we will have to see what the future holds for these trains. What we do know is that the 100 and 100F series are still in circulation, which makes this even more of a situation of some urgency if the safety of travelers is to be maintained. We’ll see how everything turns out. Cover image | Wikipedia In Xataka | Renfe has launched a real-time map to know where your surroundings are in 2025. And it works quite well

“The more times you are late for work, the harder it will be for the company to fire you”

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Arriving late to work every day, leaving before your time or committing various irregularities in your day can cause your company to give you a warning, sanction you or, in the most serious cases, even apply a disciplinary dismissal for breaching the conditions you accepted in your employment contract. However, as labor lawyer Juanma Lorente highlights in one of his recent videosif you do it repetitively and the company does not warn you for it, that violation can become your best ally to protect you from disciplinary dismissal. Being late is bad, but it can protect you. The labor expert explains in his video a legal paradox in which the company’s inaction can turn an infraction into the best defense for a worker against a legal claim for disciplinary dismissal. The lawyer explains the situation with a very simple example: “Imagine that you have been late to work for 2 years. 5, 10 or 15 minutes and the company does not tell you anything. You arrive and sign in with the real time at which you are arriving and the company tolerates it. From one moment to the next, after two years of arriving late, you find a dismissal letter in which they fire you for arriving late.” According to Lorente, this dismissal would be unfair because the company allowed the “habit” of being late for two years, without reacting in all that time. The expert assures that this inaction represents a tacit permissiveness of that conduct, which is why it could not be used as a reason for dismissal before a judge. Silence gives consent. Although it may be incongruous, since the employee’s violation is effectively proven, the repetition of this behavior without a response from the company is known as corporate tolerance. As and how do they count From the Lex-it law firm, this case occurs when a company is aware of the worker’s repeated infraction, such as repeated delays, but does not sanction it for a long time. This means that a subsequent dismissal for the same reason is seen as unfair by the judges, since the company seemed to accept it and “tolerate” the infraction. As the labor lawyer points out, “If he has not previously sanctioned you for the same thing, has allowed it and has tolerated it, he will not be able to use it to fire you.” ​This principle forces companies to follow a scale of sanctions that is applied from the first infraction of employees: from a simple specific warning to suspensions, before reaching disciplinary dismissal. Ignoring this scale of warnings means that the company cannot allege it as a “direct” reason for dismissal because, according to the court, the company tolerated this behavior. The Supreme Court has already applied it. The Supreme Court has confirmed this doctrine in several rulings in which disciplinary dismissals have been rejected because companies have cited infractions as reasons for dismissal that they have tolerated for years without any warning. The result in all cases has been to reject the disciplinary dismissals and declare them unfair dismissals with compensation of 33 days per year worked, despite it being proven that, in fact, the employee had been committing a violation of the conditions for a long time. In one of those sentencesthe Supreme Court states: “Sanctioning with the greatest severity (disciplinary dismissal) conduct that had previously been tolerated, without any prior warning to the employee that such tolerance was going to end, would be contrary to the employer’s good faith.” ​A practical example: he was late 176 times. A very clear example of this legal paradox is found in the case of the employee of an optician in Asturias who arrived late to her job up to 176 times without the company reprimanding her for it. When the company informed him of his disciplinary dismissal, the Superior Court of Justice of Asturias considered it “irrational, disproportionate and incongruous.” The reason was that the company had demonstrated business tolerance by allowing 176 delays without warning or sanctioning the employee, and resorting directly to disciplinary dismissal. In Xataka | Going to the bathroom is not work: a Swiss court allows a company to force its employees to clock in when they go to the bathroom Image | Unsplash (Campaign Creators)

Databricks is worth 134 billion without ever having gone public thanks to AI. And it’s not an AI company

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Databricks has closed a financing round of more than 7 billion dollars (5,000 million in capital and 2,000 million in debt) that values ​​the company at 134 billion dollars. It’s a dizzying figure for a company that the vast majority of people have never heard of. The San Francisco firm is not, technically, an AI company either. Its business is enterprise-scale data management and analysis. What Databricks does is provide the invisible infrastructure that allows other companies to store, process and extract value from enormous amounts of information. Without that, training AI models would be impossible. Why is it important. Databricks is the cover of the boom of AI. OpenAI, NVIDIA or Google grab the headlines, but it’s companies like this that build the plumbing that makes everything else possible. Its valuation is 134,000 million. Without ever having gone public. That places it even above established technology giants. It is at the level of Qualcomm or Sony. Beats Xiaomi or Adobe. And it does so with a less business model sexy but more profitable: B2B infrastructure than it leaves gross margins greater than 80%. In figures. The Databricks numbers They explain a growth that justifies the enthusiasm of its investors. Annualized revenues exceeding $5.4 billion in the fourth quarter, with 65% year-over-year growth. More than 800 clients that generate more than a million dollars annually. Positive free cash flow over the last year. Its AI product line has surpassed $1.4 billion in revenue with a net retention rate of over 140%. Between the lines. The participation of JPMorgan Chase, Goldman Sachs, Morgan Stanley, Microsoft and sovereign funds like Qatar’s in the latest round says a lot: these large investors are betting on the infrastructure, not the final application. The implicit message is something we’ve been hearing since the first few months after the ChatGPT moment: in the AI ​​race, those who sell picks and shovels can earn more than those who pan for gold. Databricks provides the platform where companies store their proprietary data and train their custom modelssomething that the public APIs of OpenAI or Anthropic cannot offer. Yes, but. Its CEO, Ali Ghodsi, has said that “now is not a good time to go public,” even though his company meets all the financial requirements to do so. The strategy is to accumulate enough cash enough to withstand any market correction like the one in 2022. And seen the vertigo it produces any headlines on capex figuresit makes sense to make a cushion for what may happen. The context. Databricks represents an important change in how the technology sector is structured. For years, traditional SaaS companies dominated the B2B landscape. Now, AI infrastructure and data platforms are achieving similar or higher valuations. The company is also expanding beyond its traditional business with products such as Lakebase, a database designed specifically for AI agents. Or with Geniea conversational assistant that allows employees to query business data using natural language. If Databricks achieves a strong IPO in an environment where technology valuations are more closely monitored than ever, it would demonstrate that markets are willing to pay very large premiums for AI infrastructure, not just flashy models. And that would change the rules of the game for dozens of similar companies operating in the shadows. In Xataka | Spain, on the verge of adding another AI unicorn: Multiverse negotiates a round to exceed 1.5 billion euros Featured image | Databricks and Xataka with Mockuuups Studio

Anthropic’s security manager leaves the company to write poetry

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In a movement more typical of “nihilistic penguin“that the head of security for one of the main protagonists in the development of AI, Mrinank Sharma, head of artificial intelligence security at Anthropic, has announced his resignation with a public letter in your X profile and he will dedicate his life to writing poetry. In his statement, Sharma not only explained why he is leaving the company that develops the models of Claudebut instead described the current state of AI development, with language that mixes alarm with personal reflection. “The world is in danger,” said the former director of Anthropic. The context: who he is and what he did at Anthropic. Mrinank Sharma headed the Safeguards Research Team from Anthropic, a research group focused on studying the risks associated with AI systems. Within Anthropic, Sharma’s work included developing defenses against risks such as AI-assisted bioterrorism and studying phenomena such as sycophancy (the tendency of AI models to user adulation), as well as investigate how AI can influence human perception and change cultural behaviors. He leaves, but leaves a message. The almost cryptic letter that Sharma published in X It quickly went viral due to the messages it contained. In it, he expressed his concerns in a tone that transcends the technical. One of the quotes that has attracted the most attention: “The world is in danger. And not only because of AI, or biological weapons, but because of a series of interconnected crises that are developing at this very moment.” Beyond the almost apocalyptic literalism, Sharma warned that humanity was approaching a critical point in which the development of AI was facing ethical dilemmas for those who develop it “our wisdom must grow at the same rate as our ability to affect the world, otherwise we will face the consequences.” Work to stay out of work. Sharma is not the only one who faces this ethical dilemma. According to sources of The Telegraphother Anthropic employees have expressed concern about the huge evolutionary leap in the latest AI models. “I feel like I come to work every day to stay out of work“one of the employees acknowledged to the British media. In a way this is true, since these employees are working on the development of a technology that, in all likelihood, change nature of his work, and that of millions of peoplea few years away. Is that good or bad? A first reading of the letter leaves the feeling that these workers are developing the weapon that will destroy humanity. However, a reading between the lines leaves Anthropic in a pioneering situation compared to its rivals from OpenAI, Microsoft or xAI: they are achieving advance at a pace which overwhelms even its developers. A sensation that does not seem to occur in the templates of other companies. Could it be that their models are not at that point of evolution? “Throughout my time here, I have seen repeatedly how difficult it is to allow our values ​​to guide our actions. We constantly face pressure to let go of what matters most,” Sharma wrote. The poetic turn. In addition to reflecting on the global risks he perceives, Sharma announced that his next professional step will be very different from the one he had until now. In his letter he mentioned his intention to devote time to what he called “the practice of courageous speech” through poetry. This change of lA for poetry has been interpreted as a sign of dissatisfaction with the pace and focus prevailing in the AI ​​technology industry. Like Sharma, in recent weeks other key figures in Anthropic’s AI development have announced their resignation. Harsh Mehta and Behnam Neyshabur They also announced a few days ago that they were leaving the company. However, in these cases, the exit announcement was made and, immediately afterwards, a new AI project was announced. That is to say, far from the ethical postulates that Sharma proposed, his intention was more along the lines of digging into his own gold mine and not that of others. In Xataka | Daniela Amodei, co-founder of Anthropic: “studying humanities will be more important than ever” Image | mrinank sharmaAnthropic

another company already has permission for a constellation of 4,000 satellites

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The United States Federal Communications Commission (FCC) has authorized Logos Space Services to deploy up to 4,178 satellites broadband in low Earth orbit. A few days ago we also discovered that Blue Origin, founded by Jeff Bezos, was getting on board the satellite internet race for corporate clients with the approval of some 5,408 satellites. Low Earth orbit begins a new period of competition in which, until now, starlink dominated. Why it matters. Starlink dominates the sector with approximately 9,600 operational satellites of the nearly 14,000 that currently orbit the Earth, according to data of the European Space Agency. The recent approval of Logos satellites begins to break the hegemony that Elon Musk’s company had until now. Just like account Satnews, the US regulator, under Brendan Carr, has taken a more agile approach to approving mega-constellations and maintaining US space leadership. Who is behind. Logos Space Services was founded in 2023 by Milo Medin, former project manager at NASA and former vice president of wireless services at Google, together with veteran Rama Akella. According to SpaceNewsthe company, based in Redwood City (California), last year closed a Series A financing round of $50 million led by US Innovative Technologies (USIT), the investment fund of businessman Thomas Tull that has also bet on companies such as Anduril or Stoke Space. The deployment plan. Just like point In the middle, the satellites will operate in seven different orbital layers, located between 870 and 925 kilometers in altitude, with inclinations ranging from 28 to 90 degrees. FCC regulations require Logos to launch and operate half of the constellation over the next seven years, completing full deployment by January 30, 2035. According to has declared Medin himself told SpaceNews, the company only needs about a quarter of the proposed satellites to serve its global customers. The goal is to have the first operational satellite in orbit by 2027. The key difference with Starlink. While Starlink focuses on offering home and consumer internet, Logos presents itself as a specialized alternative for business and government users, very similar to the proposal from Blue Origin. According to the company, the constellation will use high-frequency spectrum bands (V, E, Ka and Q/V), which allow extremely narrow beams that are difficult to intercept or block, ideal specifications for the war conflicts we currently have underway. Furthermore, just as point Satnews, the satellites will incorporate coherent optical links between them, reducing dependence on terrestrial infrastructure and creating a more resilient global network with lower latency. The target market. Logos is not looking to compete for home users, but rather to offer MPLS and Ethernet connectivity services with “fiber-like performance” for multinational companies, remote data centers or offshore naval vessels. This dual-use (civil and military) approach is what has attracted investors like USIT. “A secure and resilient communications infrastructure is a fundamental requirement for both global competitiveness and business operations,” declared Peter Tague, managing partner of USIT, in the statement announcing the FCC approval. Partial regulation. The authorization occurred on January 30, although the FCC partially granted the proposal: it approved operations in the K, Q and V bands under certain conditions, but deferred and denied parts of the requests at higher frequencies. Logos had presented its initial plans in 2024 for 3,960 satellites, later expanding the proposal to 4,178 after refining the design. And now what. The European Space Agency esteem that by 2030 there will be 100,000 satellites in orbit. SpaceX has requested The FCC recently gave permission to launch one million Starlink satellites, although the final figure is likely closer to the 7,500 approved in previous rounds. Cover image | Satellite In Xataka | We knew that there was water on Mars, but not how much. It turns out that 3.37 billion years ago an ocean covered half the planet

A third of the planet’s ships depend on a single Norwegian company. And they have chosen Alicante for their global expansion

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In the world of shipping, there is a silent giant whose technology is responsible for ensuring that a third of the world’s fleet is not lost at ocean or collided in port. This is Kongsberg, the Norwegian conglomerate controlled mostly by its State, which has turned the province of Alicante into an indispensable piece of its global chess board. Today, more than 30,000 ships they are capable of plowing the seas thanks to systems that are managed, maintained and repaired from offices located between La Vila Joiosa and the NOBO business center in the capital of Alicante. A strategic divorce to conquer the stock market. The news that has shaken the foundations of the industry this year is the segregation of the matrix. According to the company itselfKongsberg Gruppen ASA has decided to split into two independent entities to gain agility: on the one hand, the Defense and “Discovery” division (fishing and research); and on the other, Kongsberg Maritime, the jewel in the crown dedicated to navigation systems, which will begin trading separately on the Oslo Stock Exchange on April 23, 2026. This financial independence is backed by solid figures on Spanish soil. According to the newspaper The Informationthe Spanish subsidiary invoiced a total of 31.7 million euros in 2024, with a profit of more than five million. It is not surprising that Lisa Edvardsen Haugan, future CEO of the new independent company, claim that they are “unitarily positioned for value creation in the global maritime sector.” Why Alicante and not Vigo or Algeciras? The story of how a Nordic power ended up installing its nerve center in the province of Alicante has a component that is as human as it is strategic. In 1995, the company was looking for a headquarters in Spain. Although ports like Vigo or Barcelona seemed logical options, the executive in charge of the expansion opted for the coast of Alicante. The reason was the existence of a historical and consolidated colony of Norwegians in municipalities such as La Vila Joiosa or Altea. However, what began as a small delegation for the fishing sector—under the name Simrad Spain— has mutated into something much more ambitious. After the purchase of the maritime division of Rolls-Royce, the structure became too small. Today, the move of Kongsberg Maritime to the NOBO business center in the capital of Alicante responds to a need to attract talent. Miguel Ángel González, general director in Spain, points out that this change seeks to increase the attractiveness of the firm to retain engineers and software developers, in addition to reducing emissions due to staff travel by 30%. The brain of the autonomous boat. Alicante is not a simple administrative office; It is one of the only three resource hubs that the group has on the planet, along with Poland and Norway itself, capable of serving ships around the world thanks to its strategic position between the Atlantic and the Mediterranean. As explained by the company itselfnaval autonomy is not new — they have been developing Dynamic Positioning Systems (DPS) for 40 years that allow a ship to remain stationary at an exact point in the ocean without using anchors — but now the technology has reached a “critical mass.” Yara Birkeland: The world now look in amazement to the world’s first fully electric, autonomous and zero-emission container ship, developed by Kongsberg together with YARA. Reach Remote: This is a series of unmanned surface vessels (USV) that are controlled from a remote center. According to senior designer Erik Leendersthis allows a single captain to control several ships at once from dry land. The “Jewel in the Crown”: The DPS system is what allows that Sasemar (Maritime Rescue) oil platforms or rescue ships operate with extreme safety on the high seas. The horizon. The future of navigation involves electric motors that generate your own energy with the rotation of the propellers. To manage this complex flow of data, the firm Kognifai has launchedan Artificial Intelligence platform that optimizes ship operations. Although the technology is ready, the company’s technical report warns that the biggest current challenge is not engineering, but legislation. As the firm warnswe are in “uncharted territory” and the IMO still needs to define the rules for these ships without humans. What was born in 1995 as a fishing office in La Vila has become in 2026 the command post from which Norway and Alicante dictate the rules of the future of global trade by sea. Image | Kongsberg Xataka | The ships of the oil “ghost fleet” turn off their GPS to avoid being detected. Malaysia is going to hunt them with drones

the new promise that a Singapore company proves

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There are short journeys that, even today, continue to depend on slow ships or air infrastructure that does not always make sense. In that middle space, a Singapore-based company has started to test a different alternative: a vehicle capable of moving at high speed without completely taking off from the water and without needing an airport. This is not an experimental concept, but rather an industrial program with a calendar, partners and routes being studied for 2026. What type of vehicle is it exactly? The proposal is specified in the AirFish Voyagera device developed by the Singaporean company ST Engineering AirX that does not quite fit into either the boat or airplane categories. It is a type vehicle wing-in-ground (WIG) that moves just a few meters above the surface thanks to the so-called ground effect, an aerodynamic phenomenon that compresses the air between the wing and the water, generating additional lift and reducing resistance. This principle promises to reach speeds of around 185km/h, and reduce resistance compared to conventional maritime options. The project advances. The public presentation took place at Singapore Airshow. According to the company, the vehicle is in the process of classification with Bureau Veritas since 2024, an international classification and certification society that must validate its safety before any regular operation, and whose resolution is expected in mid-2026. In parallel, the company has closed agreements with maritime transport operators to start services from the second half of that same year, always conditional on regulatory approvals. The first specific route on the map. The most immediate agreement places the operational debut on the route between Singapore and Batam, in Indonesia, where the operator BatamFast plans to use a unit of the AirFish Voyager. ST Engineering places this start in the second half of 2026. It is estimated that the vehicle could complete this journey in around 25 minutes thanks to speeds, well above the usual times of conventional ferries. If this schedule is confirmed, the connection would become the first commercial route in the world operated with WIG technology. The next deployment front is in India, where the operator Wings Over Water Ferries has announced its intention to lease and commission up to four units of the AirFish Voyager from the end of 2026. The initial strategy targets coastal states with strong tourism and regional transport demand, including Andaman and Nicobar, Lakshadweep, Maharashtra, Gujarat, Goa, Andhra Pradesh and Tamil Nadu. In addition to the operation, the agreement contemplates exploring local assembly, manufacturing, training and maintenance capabilities, in line with the industrial initiatives promoted by the program. Make in India. The regulatory and technical barrier. Beyond speed or agreements with operators, the determining factor continues to be the certification framework. The company proposes that the AirFish Voyager be governed by maritime standards, a decision that would reduce infrastructure requirements and facilitate its integration into existing coastal routes using conventional port facilities. However, as we say, you still need to complete your certification process, an essential step to start providing any commercial service. Images | ST Engineering AirX In Xataka | The Strait of Malacca is not enough: China’s new obsession is to prevent the US from confiscating its ships

It is a parks company that also makes movies

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The Walt Disney Company just announced that Josh D’Amaro, 54, will assume the position of CEO on March 18, thus closing almost three years of speculation about who would succeed Robert A. Iger. The board of directors voted unanimously in his favor, appointing the 28-year veteran to the company he currently leads. Disney Experiencesthe division that generated 36 billion dollars during fiscal year 2025 and contributes approximately 60% of corporate profits. The experience. D’Amaro comes to the position with deep experience in the physical operation of the Disney business (logistics, hotel management, multimodal transportation systems, customer satisfaction) but without significant experience in the film or television production that has historically defined the company. It is a commitment to profitability over glamour. Since 1998. D’Amaro’s career at Disney began in 1998 in Disneyland Resort. For more than a quarter of a century, he rose through various positions: CFO of consumer product licensing, overseer of the most ambitious expansion in the history of Disney’s Animal Kingdom (which included the attraction Pandora – The World of Avatar), president of Disneyland Resort in California and, finally, president of Walt Disney World in Florida, where he coordinated 75,000 employees. The Chapek stage. When Bob Chapek was promoted to CEO in 2020D’Amaro assumed his position at the helm of what was then called Disney Parks, Experiences and Products. The division, renamed Disney Experiencesjust reported quarterly revenue exceeding $10 billion for the first time in the company’s century-old history. With 185,000 employees worldwide, it operates twelve theme parks, 57 resort hotels, an expanding fleet of cruise ships and the consumer products business, including video games. Bet on experience. Disney Experiences generated 71% of the company’s operating income during the fiscal first quarter of 2026, despite representing only 38% of total revenue. While streaming barely broke even in 2024 after years of multibillion-dollar losses, theme parks maintained solid margins even during the pandemic. In 2023, Disney announced a plan to invest 60 billion dollars in a decade to expand this division. Turn towards the experiential. This shift responds to broader transformations in cultural consumption, not just at Disney. He theme park tourism grew at a compound annual rate of 9.2% between 2020 and 2024, driven by a generational preference for experiences over material possessions, something we have already talked about with the live entertainment boom. A theme park offers something that streaming can’t replicate, and Disney knows it. What’s up with Dana Walden. The other candidate for the CEO chair has been named president and creative director, becoming the first executive to hold this position in Disney’s 103-year history. The position unifies the company’s creative strategy under one leadership. From ABC and ESPN to Disney+ and Hulu, everything falls under Walden’s mandate, who will report directly to D’Amaro. With more than three decades in the television industry, Walden spent 25 years at 21st Century Fox, where as CEO of Fox Television Group he transformed the network into a ratings leader. Under his supervision, series such as ’24’, ‘Glee’, ‘Modern Family’, ‘This Is Us’, ‘Homeland’ were produced… When Disney acquired Fox in 2019Walden became head of Disney Television Studios and later, co-president of Disney Entertainment. The teams under his direction have accumulated more than 1,200 awards, including 400 Emmys, and recent series such as ‘The Bear’, ‘Shōgun’ or ‘Only Murders in the Building’ have consolidated Disney’s prestige on television. Immediate challenges. D’Amaro will need to quickly articulate a strategic vision that balances continued investment in parks (where his expertise lies) with strengthening the entertainment business. Streaming, although now profitable, shows some stagnation. And then there is the precedent of Bob Chapekalso hailing from the parks division, who lasted just two years before being ousted amid public conflicts with Iger. This time the consensus has been greater, but… is it what Disney needs? Header | Disney – Matt H. Wade In Xataka | Disney Adults: how the parks are filling up with childless adults who leave their salaries in nostalgia

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