investment

Amazon increases its investment in Spain to 33.7 billion euros. All, of course, for data centers

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amazon has announced that will expand your investment in data centers in Spain, and this amount will now reach 33.7 billion euros in total. Today’s announcement adds 18 billion euros to the 15.7 billion euros of investment announced by 2024. Amazon is going more in Spain. The company has taken advantage of the Mobile World Congress in Barcelona for an announcement that significantly reinforces its strategy in our country. The announcement highlights that there are plans to build facilities for manufacturing, storage and something interesting: server recycling in Spain. The promise of employment. Amazon’s forecast is that this Amazon Web Services (AWS) region, which reinforces its location in Aragónwill contribute 31.7 billion euros to Spain’s total GDP until 2035. They estimate that it will contribute “the equivalent of 29,900 full time jobs on average annually in local companies.” Of that figure, there will be 6,700 full-time jobs derived from Amazon’s direct investment in various areas such as data center operationsemployees of AWS providers, or workers who build the facilities. Supply chain. This investment includes an important part of the business consisting of facilities dedicated to the supply chain. These facilities, according to Amazon, will theoretically generate 1,800 jobs in Aragon. Thus, there will be a factory dedicated to the assembly and final testing of the servers, a logistics warehouse and a facility for the manufacturing and repair of AI servers. Let’s talk about energy… Amazon has not given too many details about what the energy and water needs that these data centers will have. However, it does indicate that they have committed to achieving net zero carbon emissions by 2040. To do this they are investing in 100 solar and wind projects across Spain, including seven new solar farms. According to their data, AWS data centers in Aragon have offset their electricity consumption with 100% renewable energy since opening in 2022. It remains to be seen if that is enough to prevent the Spanish electrical infrastructure, already saturated, from bursting. …and water. There is also talk about how AWS is going to face the water consumption of these centers: “AWS is also committed to returning more water to communities than it uses in its direct operations by 2030. By 2024, AWS had reached 53% of that goal. In Aragon, AWS supports five water projects with an investment of 17.2 million euros.” A pinch of capex. That investment is certainly part of the planned capex that Amazon has estimated for 2026. The total figure is 200,000 million dollarsa notable increase from the 131.8 billion dollars of capex in 2025. Thus, those 18 billion euros ($21.11 billion) at the current exchange rate represent just over 10% of that capex. AWS is doing (very well). Amazon may not be standing out for having its own AI model, but it certainly has value in its cloud infrastructure. In it fourth quarter of 2025 AWS’s revenue was $35.6 billion, achieving the most notable year-over-year growth (24%) in the last three years. It is evident that investment in infrastructure at a global level is working right now, and Spain has benefited from that momentum. In Xataka | Amazon is negotiating to invest 50 billion in OpenAI. The money would go in through the door and out through the window.

SMIC is the Chinese TSMC and sums up all investment in AI

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The semiconductor industry has pressed the panic button. Unlike the chip crisis of 2020the new one has not been caused by a ‘perfect storm’ and has a first and last name: artificial intelligence. The push for this technology and the rampant construction of data centers has caused a stock out of all computer components. And if the world’s leading companies have been caught on the wrong foot, the Chinese ones are no exception. To the point that SMIC has confirmed the lean times. The Chinese industry has activated “crisis mode.” Crisis (don’t bother…). At this point, introductions are unnecessary. The RAM market is broken because the main players (Samsung, Micron and SK Hynix) have focused on creating memory for data centers. The reports point to an NVIDIA that would ‘pass’ on launching consumer GPUs this year because you need all possible wafers to create GPUs focused on AI. And after the SSD price risethe following can be the processors. A few days ago, a report from Reuters noted that Intel and AMD were beginning to notify Chinese customers to sit tight for new shipments of server CPUs. Because we always talk about NVIDIA as if it were the only one that creates components for data centers, but the chips Threadripper from AMD and Xeon from Intel are key parts of servers. According to Reuters sources, AMD has warned of an increase in delivery times from eight to ten weeks. And if we look at an Intel whose sales in China represent 20% of its general income, they point out that the price of the fourth and fifth generation Xeons are being rationed and, in addition, increasing the price by 10%. As with other components, they are not enough. From hope to victim. From Reuters they point out that AMD hopes that its relationship with TSMC will allow it to maintain the supply chain. The problem is that TSMC has to be working hard to supply all its customers. NVIDIA is putting pressureQualcomm also needs its premium range mobile processors this year and they are the ones that make Apple’s processors. SMIC -Semiconductor Manufacturing International Corp- is the main Chinese semiconductor company. It is the one that in recent years has gained prominence defy US restrictions and provide high-performance chips to Huawei. It is also the great hope, together with Huawei itself, to develop a GPU that can cope with NVIDIA. Zhao Haijun is the co-CEO of SMIC and has come forward to be anything but reassuring. Double reservation. SMIC is winning more money thanks to demand, but production capacity is limited, to the point that he considers that the industry has entered “crisis mode.” “Customers are hesitant to place orders because no one knows how many memory chips will be available and, therefore, how many orders for phones, cars or other products they will be able to build,” stated to investors. In fact, analysis from Counterpoint reflect this crisis with a figure: 2.5%. This is what would have lowered the shipping forecast for Honor, OPPO and Vivo phones for the coming months. That leads manufacturers to book with multiple suppliers, something Zhao has compared with the “double booking” behavior that can be seen on an airline. “If one airline is fully booked, passengers will immediately book another, making total bookings appear inflated even though actual demand has not increased proportionately.” In essence, if the production capacity is limited, but the companies that need chips reserve several suppliers that draw from the same source, it seems that the demand is beastly, although, in reality, this is not so much the case. The result is the same: the system collapses. Car-free highways. The note of the double reservation is not the only pearl that Zhao has left. It is evident that, whether they can handle the demand or not, it is good for SMIC because Chinese companies eager for chips to develop their AI (of which They don’t stop releasing new models) are purchasing components for their data centersand the executive commented that “no one has really thought about what exactly those data centers will do, but companies would love to build the total capacity of the next 10 years in just one or two years.” “It’s like building train stations and high-speed highways even if there aren’t that many cars that need them yet” – Zhao Haijun Three billion dollars. But it’s about being there, having a place at the table where the conversation that, they hope, will shape the future is being defined. American Big Tech plans burn more than 650 billion dollars this 2026 alone, a brutal increase if we take into account that the investment was 400,000 million in 2025. But if we look at the global estimate, with Alibaba, Bytedance or Tencent in the equation, the estimate is three trillion dollars for the next five years. Crisistunity. In the face of crisis, opportunity. We have already commented that AMD, Intel or NVIDIA they are saturated. Also Samsung, SK Hynix and Micron on the memory boat, and in that scenario is where there are certain companies that can begin to carve out a space for themselves at an accelerated pace. SMIC is one of them, satisfying the demand of local customers, but memory manufacturers such as CXMT or YMTC that They had never painted anything in the conversationyou have a chance. We already know that PC manufacturers such as Asus, Dell or HP are considering buying CXMT memories and that Lenovo has already started to do so. And it is not only a window for Chinese companies: Intel has an adventure with the Japanese SoftBank to stand up to Samsung and its HBM4 memories. And even ByteDance would be working on your own AI chip. The problem is the same one we have been talking about for a long time: no matter how much they increase production and no matter how much new players appear, they are all playing in the same game, that of allocating most … Read more

Amazon is preparing an investment of 10 billion in OpenAI because if you can’t beat your enemy, the best thing is to join him

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Leonidas, had six-pack or not, he died at Thermopylae, but what is curious for our history is exactly what happened afterwards. Xerxes’ Persians had devastated Attica, and faced with the threat that all of Greece would fall, the Spartans—who deeply distrusted the Athenians—agreed to join forces with them. War makes strange allies, they say, and this story is not even close to explaining what is happening with AI. Everyone is joining forces. Then I’ll tell you how it ended with the Spartans and the Athenians. what has happened. OpenAI is negotiating an alliance with Amazon according to which the latter would invest around $10 billion in OpenAI. In The Information They were the first to reveal that negotiation, now confirmed by sources close to the conversations that have been cited on CNBC. What do each other gain?. Thanks to this agreement, Amazon will sell OpenAI its Tranium chips and will also rent more computing capacity in its data centers so that OpenAI can further expand the execution of its AI models and services such as ChatGPT. What OpenAI gains is, once again, economic resources to continue growing. Or what is the same: money to burn on that bonfire that AI has become. A strange agreement. The alliance is surprising, especially considering that Amazon had already put its eggs in another basket. Specifically, Anthropic, OpenAI’s absolute rival in the AI ​​race. It is estimated that Amazon has invested a total of 8 billion dollars at Anthropic, but now there is another reality: that everyone invests in everyone. Anthropic, the best example. The truth is that in recent months we have seen more and more circular financing agreements. Microsoft, which had invested 13 billion dollars, announced last month that would invest $5 billion in Anthropic, and NVIDIA also signed up, doubling that amount: it will invest $10 billion in it. And already, Even Google has teamed up with Anthropic. Long live circular financing. But of course the main protagonist of these agreements is OpenAI, which has been receiving blank checks (or almost) from giants like NVIDIA —100,000 million-, with Broadcom or with amd. We are facing a gigantic house of cards which is in danger of collapsing. But while it doesn’t, players continue adding floors. Or what is the same, money. Win-Win? The agreement is certainly interesting for Amazon, which has been working on its own AI chips since 2015. Trainium are the latest expression of that effort, and the fact that OpenAI is going to use them to train its models—along with those of its competitors, for the record—is good support for that development. In fact, there was perhaps more interesting support recently for those chips: Apple’s. And of course, AWS. In reality, this agreement is a continuation of that (temporary?) love affair between Amazon and OpenAI. The latter, once its ties with Microsoft were released, began to look for new girlfriends in the field of infrastructure, and a little over a month ago announced an agreement with Amazon Web Services worth 38 billion dollars. This is about preservation. All these agreements between big technology companies are not about money, because these circular investments are nothing more than exchanges of kind that compensate each other. What they are about is being stronger and protecting themselves. And if they fall, yes, they will all fall together. Let’s go back to Greece. The alliance between Sparta and Greece crystallized in the naval battle of Salamis (also in 480 BC, shortly after Thermopylae), one of the most important in human history. Sparta reluctantly ceded naval command to Athens, but the strategy worked. That union of forces achieved a decisive victory that saved Greece from being conquered by Persia. Alliances that end as they end. After that battle and that of Plataea a year later, the alliance began to deteriorate and ended up breaking up. Athens and Sparta were enemies again. In fact, 50 years later (430 BC) both would face each other for more than a quarter of a century in the Peloponnesian War. It was totally logical, as it will be that all these alliances end as they should: with each company going about its own thing. Image | OpenAI In Xataka | NVIDIA and OpenAI have just made a masterstroke. One that strengthens them and weakens everyone else

73 million forced investment

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The Ministry of Digital Transformation has brought to public hearing a royal decree that forces the main operators – Telefónica, Masorange, Vodafone and Digi – to invest up to 73 million euros to shield their networks in view of blackouts like the one in April and natural disasters like DANA. Why is it important. The operators are going to have to reinforce 7,280 of their 10,400 strategic locations. Currently, only 30% have enough batteries or generators to maintain service for at least four hours without electricity supply. The mandatory investment comes at a particularly delicate moment: Telefónica is executing an ERE and in others there are cost-cutting plans. The obligations. 85% of the Spanish population must maintain access to telecommunications – including emergency calls – for at least four hours in the event of a power outage. Critical infrastructures will have tougher demands: First level (submarine cables, main data centers, backbone nodes): guaranteed operability for 24 hours. Intermediate level (internet exchange points, satellite systems): 12 minimum hours of autonomy. Rest of infrastructure (standard mobile network antennas): four hours of continuous service. The stick and the carrot. If companies do not comply, the Secretary of State for Telecommunications may carry out inspections, audits and request access to data at any time. Serious violations can result in fines of up to 2 million euros for the company. In addition, managers who have participated in decisions that violate the rule may receive personal fines of up to 30,000 euros. The harshest measure is that the Government reserves the right to temporarily or totally suspend operating licenses. It may also prohibit certain managers from exercising management functions. Yes, but. The rule exempts from sanctions managers who did not attend meetings where decisions contrary to the regulation were made, or who voted against them. Coordination with Defense and Interior. A coordination table will be created between Digital Transformation, Interior, Defense, National Security, autonomous communities and the CNMC. It will not manage incidents directly, but will act as a strategic forum to develop protocols, recommendations and good practices. Associations of operators, manufacturers and consumer organizations will also participate. The context. The royal decree responds directly to recent crises such as the DANA of Valencia either the eruption of the La Palma volcanowhere communication outages made emergency work and the coordination of those affected difficult. The regulations will come into force after passing the public hearing, being approved by the Council of Ministers and ratified by Congress. Featured image | Zac Gudakov In Xataka | Telefónica does not buy Vodafone or Digi for now, but it already has a plan: one in which mergers are necessary

An investment of 2,350 million will make Extremadura a global supplier of diamonds for chips

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Trujillo will be a world center for the production of synthetic diamonds. A factory will be created there with a budget of 2.77 billion dollars (almost 2.4 billion euros) in which the Spanish Society for Technological Transformation will participate (SETT), with 753 million, and the American company Diamond Foundry (DF). And those diamonds will not be used for jewelry, but for especially powerful chips. The silicon problem. Current silicon chips have hit a “thermal wall.” By making them faster and more powerful, they get so hot that they lose efficiency or burn out. This slows down the progress of these chips and their application in fields such as artificial intelligence or automotive. Alternatives have been sought for a long timeand the diamond is precisely one of the most striking. The evolution of Trujillo. The Diamond Foundry factory will not make jewelry, but the synthetic diamond wafers it first produced two years ago. The diamond has a thermal conductivity much higher than that of silicon, with values ​​ranging between 1,000 to 2,200 W/mK compared to 153 W/mK for silicon. Or what is the same: it allows us to guarantee that, as they highlighted on IEE Spectrumthe chips of the future will remain “fresh.” The impact. By using diamond as the base or substrate for these chips, it is possible to run them at extreme speeds without overheating. This will position Spain as the world center of this critical technology. The North American company It already had two plants in Trujillo in which monocrystalline diamond (SCD) ingots were produced. The factories are also powered by solar energy, which is abundant in the Extremadura region. Zaragoza as a great ally. Those responsible for Diamond Foundry they explain in the official statement that the new factory is already underway with two construction shifts to accelerate the works. The ingots (the “raw” form of the material) will then go through a singling or cutting process that “slices” them into very thin sheets. These sheets, which are initially rough, are polished at a microscopic level and packaged in a sterile environment. Precisely this “post-processing” phase of production will be carried out in Zaragoza. The investment. The total budget they talk about in DF is 2,770 million dollars, about 2,392 million euros at the exchange rate. Of that amount, the SETT—which groups together previous investments such as PERTE Chip—, will contribute 753 million euros according to DF. It is expected that in the first ten years of the project the contribution to the Spanish GDP will be around 2,150 million euros, and it is expected to generate around 500 direct jobs and more than 1,600 indirect jobs. How to produce synthetic diamonds. While natural diamonds they take time to produce between 1,000 and 3,300 million years old, in Trujillo they are manufactured in approximately one month. To achieve this, DF uses 20 plasma reactors that exceed 1,000 degrees in temperature and generate conditions similar to those found in nature. The process starts with a 20.0 x 20.0 x 0.2 mm diamond “seed” that, when subjected to a combination of gases and a microwave process, grows until it reaches the optimal dimensions for use. Di Caprio, among investors. A curiosity: the San Francisco-based company was founded in 2012 by Martin Roscheisen and Jeremy Scholz, but what is surprising is its list of investors. Among them are iPod co-creator Tony Fadeel, Twitter founder Evan Williams and actor Leonardo di Caprio. The water problem. Diamond Foundry’s plants in Trujillo have faced significant problems related to their water supply. It is estimated that the plants need at least 730,000 cubic meters of water per year, which exceeds the annual drinking water consumption of the entire population of Trujillo. Various platforms such as Save El Berrocal and Ecologistas en Acción have warned of that danger, although Diamond Foundry has defended that its plan is based on the reuse of water from the Trujillo Wastewater Treatment Plant (WWTP). The Extremadura Government gave the green light to some modifications to the original DF project and considered that the factories would not produce significant adverse effects on the environment. In Xataka | China defies geology: it manufactures in a week what the Earth takes a billion years to do

There are people buying land, farms and pig farms in Spain. And those people are investment funds

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If this were not an article by Xataka, if it were a novel by Michael Ende: the story would begin with a top-down shot of the Segrià fields. We would see farms and more farms, cereal fields, irrigated orchards, roads, the Segre winding through the plain. And, as we got closer to the ground, we would see a flood of little gray men with briefcases full of money. The argument would be obvious: the field is for sale and the funds have gone out to buy. 34 million pig heads. That is Spain: the undisputed leader of European pork, the third producer worldwide. A giant, no matter how hackneyed the metaphor may be, with feet of clay. And the Spanish countryside has many problems, but the most worrying (because it has no solution — neither easy nor difficult) is its exasperating lack of generational change. Thousands of farms are on the brink of disappearance simply because no one wants to take charge of them once the owner retires. And that “nobody” doesn’t include the funds? Not until very recently. Agriculture was an unsexy sector for financial capital, but now the situation has changed. We have seen it with agriculture: aggressive field management can generate a lot of income (even if it is at the cost of large negative externalities). Now, in addition, today two great factors have joined the celebration of capital: the first is that the mass of exploitations without relief is enormous. The second is that the processes of integration of farms with the meat industry have reached a point of no return — “the field” and “the industry” are now almost synonymous. A sea full of sharks. But, if that were not enough, the pressure on aquifers and international volatility are turning the agricultural world into a difficult place for small farms. Only large corporations have the lungs to dive into such tough markets. Is this bad news? If we look at the Spanish movements from a more international perspective, I’m afraid so. The Californian case is a warning for sailors: large funds are buying properties solely and exclusively for your water rights. And so, as seen in the last droughtit’s a huge problem. A problem that adds to environmental conflictsto rent captureto agricultural changesto the industrial dismantling of emptied Spain. A strange future. As I said before, Spain is the great agricultural power of the continent. In fact, little by little, it has become one of the great world powers in the marketing of agricultural products. But it will not be easy to stay there, the financial funds They are the best example and the problem is that everything seems to indicate that, along the way, the Spain we know will not be recognized by “not even the mother who gave birth to it.” Image | Annie Spratt | Markus Winkler In Xataka | The great paradox of Spanish olive oil: although it grows 15% a year, more than 500 olive oil mills will close in the next decade

Who will compensate Renfe for its investment in AVRIL trains that are breaking down?

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AVRIL trains are at risk of cracking. At least that is what happened in one of those that provided service on the Madrid-Barcelona high-speed corridor, which has forced it to take all its trains out of circulation and cancel the AVLO service. But now, who pays the dishes Broken buggies? a fissure. It all began in July 2025. At least, the nightmare of what promised to be a peaceful, uninterrupted sleep began. At the end of the month and with the entire summer campaign ahead, Renfe suspended the sale of AVLO tickets between Madrid and Barcelona overnight. The reason soon became known: one of the trains had presented a fissure that forced him to stop full. Without being very clear about how to act, Renfe suspended the sale of these options low cost in the busiest corridor in Spain. Then he chose to make high speed… a slightly slower transportation, limiting maximum speed to avoid problems. Finally, ended up suspending the service completely. A setback. Preventively removing AVRIL trains from circulation in the Madrid-Barcelona corridor is a setback for Renfe since it will not compete with an option low cost in this space and leaves the way clear for Ouigo and Iryo. A space that, in fact, Ouigo had started to give way a few months ago. And although Renfe has room for maneuver because This line is the most expensive in Spain and the least sensitive to offers, the truth is that Renfe no longer competes on price in it. The setback comes, above all, because the results of Talgo’s S106 trains, known as AVRIL, are proving problematic. His arrival was already marked by the bad reviews and the turn of the year caused a widespread breakdown on the trains. Half a year later, when everything seemed forgotten, the trains break down (literally) on the Madrid-Barcelona route. Why are they important? When Renfe commissioned Talgo to produce 30 AVRIL trains, it did so thinking about its ability to lower prices. The trains allow access to a greater number of people and promised top speeds of 300 km/h, which they are not being able to take advantage of. But, above all, the batch of AVRIL trains is key because they are flexible. The trains can “jump” from the Iberian gauge to the international gauge. This allows Renfe to be the only one to be able to operate on the Galician high-speed corridor without having to transfer in Ourense. It is expected to be a differential advantage for competitors do not consider entry in said corridor when it opens to the rest of the competition. Who pays for this? Aware that poor performance of AVRIL trains is a setback for the company, Renfe has already started looking for trains in Germany. But, in addition, the relationship between Talgo and Renfe is not in the best moment. To begin with, because Renfe has already been claiming since last year more than 116 million euros compensation to Talgo for delays in the deliveries of its AVRIL trains. If it is confirmed that the problem with AVRIL trains is structural, new economic demands can be expected from Renfe. In Talgo, however, they defend themselves and assure that the real problem is in the infrastructure. In September they already pointed out Adif as the culprit of the cracks in its trains, alleging a “poor state of maintenance of the line (…) the horizontal leveling problems on that line and the vertical accelerations they cause on the rolling can, by repetition, cause the failure mode due to cracks in the bogie frame.” Adif has defended itself by ensuring that the line is correctly maintained and that it has all the necessary approvals so that the services are provided normally. Not happy with the answer, in The reason they explain that Talgo has already hired an external audit to determine what caused the crack in the four affected trains. Designated. What Talgo wants is obvious: to put the ball in Adif’s court. The company already had to reserve more than 100 million euros last year in their accounts to pay the compensation they owe to Renfe for delayed deliveries. Incurring more expenses because of a productive mistake can only damage your accounts further. On the other hand, Adif is the other big one. They explain in The reason that the main union of train drivers (Semaf) also points to the track management company as guilty due to insufficient maintenance. Criticisms that are not exclusive to this corridor since in Andalusia A lack of investment has also been pointed out worrying as the main cause of summer breakdowns. In that case, It was Ouigo who pointed out Adif as responsible for an incident that left more than 300 people completely stranded in the middle of the field for one night. Photo | Talgo In Xataka | Spain thought that Spain could manufacture the perfect trains for Spain. The reality: Spain is already looking for trains in Germany

OpenAI has taken its first step towards Latin America. Behind it there is an investment of 25,000 million in Argentina and many questions

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For almost any country in Latin America and the world, a company like OpenAI announcing a multi-million dollar investment sounds like a golden dream. It is not only the most influential company on the planet in artificial intelligence, but also one of the pacesetters in the industry. Its arrival promises jobs, economic movement and global visibility. But, as with any large-scale project, it also has doubts: energy consumption, water use or the sustainability of a data center of hundreds of megawatts are not minor issues. Argentina, at least on paper, has been chosen to attempt that leap. The announcement of the Argentine Government It is based, at least for now, on a single document: a letter of intent signed between OpenAI and the local company Sur Energy. The text, published on October 10, 2025, mentions an investment of “up to $25 billion” for a data center of “up to 500 megawatts,” under the Incentive Regime for Large Investments (RIGI). The location of the project is not specified nor are deadlines or construction phases detailed, which keeps it in a preliminary stage. The Argentine president met at the Casa Rosada with representatives of OpenAI last week Silences that weigh. There are details that attract attention. A multimillion-dollar announcement, linked to the expansion of OpenAI in the region, and yet neither its CEO nor the company itself have communicated it through their official channels. That they have not done so does not invalidate the project, but it does mark a distance with the institutional enthusiasm on the Argentine side. In this type of operations, communication is usually part of the message. Here, for the moment, it is conspicuous by its absence, at least on the side of the American startup on its website and social networks. The plan: AI factories at scale. Stargate is not an isolated project, but the name that OpenAI uses for its global infrastructure program. Its objective is to build a network of data centers capable of supporting cutting-edge artificial intelligence models, the technology that gives life to tools such as conversational chatbots or image generators. In the case of OpenAI, those models are the ones hidden behind products like ChatGPTbased on systems such as GPT-4 either GPT-5. The plan began to take shape months ago, when the company announced an ambitious infrastructure project in the United Stateslater expanding it to other countries. Interior of Stargate 1, the first large-scale data center developed under OpenAI’s own program Power, density, permissions. Data centers for artificial intelligence operate in another league. They concentrate massive training on GPUs with industrial-level consumption and an energy density much higher than that of a conventional data center. Each room requires advanced cooling systems capable of constantly keeping the temperature under control. And, although permits and licenses are required as in any facility of this type, its scale and technical requirements make building one of these projects a much more complex and lengthy process. {“videoId”:”x8jpy2b”,”autoplay”:false,”title”:”What’s BEHIND AIs like CHATGPT, DALL-E or MIDJOURNEY? | ARTIFICIAL INTELLIGENCE”, “tag”:”Webedia-prod”, “duration”:”1173″} RIGI and financing: promise vs contract. As we say, the project is covered by the Incentive Regime for Large Investments, a tool created by the Argentine Government to attract foreign capital through tax, customs and exchange advantages. In practice, the RIGI facilitates the conditions so that a large-scale project can be financed, but it does not guarantee that the investment will materialize. Patagonia sounds loud, it’s not official. On paper, there is no defined location. Neither the Argentine Government nor OpenAI have mentioned Patagonia in their statements. Even so, the name of the local company that appears in the letter of intent, Sur Energy, fuels the idea that the project could be developed in the south of the country. The president of Argentina, Javier Milei, with the CEO of OpenAI, Sam Altman, in May 2024 Climate and design: allies or burden. If the southern hypothesis gains strength, it is also for a technical reason: the climate plays in its favor. Colder areas allow you to operate with less cooling energy and take advantage of outside air, something that reduces costs and emissions. In parallel, the availability of water continues to be a decisive factor. The new artificial intelligence campuses, aware of this risk, are adopting cooling systems that minimize the use of water resources. We will have to wait to know the option chosen by OpenAI. When the network or the water say no. The location of a data center does not depend only on the weather or tax incentives. Factors such as the electrical grid or the availability of water can mark the success or failure of a project. Mexico, for example, is one of the largest technology hubs in the region, but even there a Microsoft data center ran into the limitations of the national network. and had to resort to gas generators. In Chile, Google saw its plan blocked due to excessive water use. They are reminders that it is not enough to have space: you need infrastructure. In Xataka In the nineties, no one saw how the Internet would starve factories. Thirty years later, AI is doing the same thing From exclusivity to autonomy. For years, OpenAI’s infrastructure depended almost entirely on Microsoft. In 2019, the Redmond company invested 1 billion dollars and became your exclusive cloud partner. Over time, that alliance grew to exceed 10 billion, consolidating Azure as the platform where the company’s models were trained and executed. However, OpenAI has been seeking greater operational autonomy. The Stargate program responds precisely to that idea: having its own computing resources and diversifying its technological dependence. From paper to concrete. For now, it all depends on the next steps. For the initiative to move forward, a definitive contract between OpenAI and Sur Energy, the presentation of environmental studies and electrical interconnection licenses will be necessary. The financing scheme and long-term energy agreements will also have to be defined. Only with these pieces in place can we speak of a real work. Until then, … Read more

Clean energy investment already bends fossil fuels

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There is an old narrative that states that the energy transition is a chimera, and that clean energies can barely be a complement to a system that will necessarily remain anchored in fossil fuels. But the data tell a very different story. We are living energy transformation faster in historyand money is the clearest proof of it. Short. World energy investment for all 2025 is estimated at 3.3 billion dollars. According to the International Energy Agency2.2 of those billion are destined for clean energy technologies and infrastructure. Two thirds of the investment. Just a decade ago, this proportion was unthinkable. It is invested in energies without emissions almost double what is invested in fossil fuelsa reality that shows that financial markets have chosen a clear side. The star king. The greater transformative force This transition is photovoltaic solar energy, with a global investment of 450,000 million dollars planned by 2025. This leadership is not accidental. Solar panels have gone from being the option for becoming the most economical way to generate electricity in much of the planet. Each dollar invested solar technology generates 2.5 times more energy that a decade ago. In 2015, the investment ratio between clean energy and fossil fuels was 2 to 1. in 2024, That relationship reached 10 to 1in large part thanks to the collapse of the prices of the photovoltaic components. An imminent sorpasso. The growing domain of renewables is not only reflected in investment, but also in their role in the Mix. In 2025, renewables They will overcome coal as the first source of electricity in the world. Coal will fall below 33% in the energy mix for the first time in a century, and renewables providing more than a third of the global generation. For now, it is not a homogeneous change. The bulk of the investment is concentrated in developed economies and in China, which in 2024 mobilized more than 625,000 million dollars in clean energy. Emerging markets and developing economies barely represent around 15% of world expenditure on clean energy. But the projection is global: starting from a very low base, the investment in these other regions has grown 50% since 2020. The beginning of the end for fossil fuels. The formula is simple: as the renewables become cheaper and more efficient, they move to fossil fuels. A few months ago, United Kingdom closed its last coal central. Its emissions have already fallen more than 50% compared to 1990. In 2025, for the first time, coal generated less than half of Poland’s electricity. Although the path to total decarbonization still has enormous challenges (such as the modernization of electrical networks, which remain a bottleneck, As we have seen clear in Spain), Renewables have reached a turning point, at least in the face of investors. The combination of solar, wind and battery storage is increasingly cheaper and reliable. The adoption, which was slow at the beginning, is now an exponential curve. Image | IEA (CC by 4.0) In Xataka | Forget the industrial revolution: the fastest energy change in human history is happening now

Microsoft has just made the greatest investment in its history. And not in Openai, but in an unknown Dutch company

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Nebius Group, an unknown company based in Amsterdam, has signed a surprising multiannual agreement worth $ 19.4 billion with Microsoft. It is in fact the largest investment ever made by the firm of Redmond, and the question, of course, is why. What is Nebius Group. The company was founded in 1989 as Yandex NV, Yandex’s legal matrix, the well -known search engine that was a rival of Google in Russia. After the invasion of Ukraine by Russia, Nebius Group Yandex sold to a group of Russian investorschanged his name to the current one and focused on a key segment: that of artificial intelligence. Data centers to power. Specifically, in the field of servers and data centers. Since then Nebius Group has been dedicated to providing cloud infrastructure for companies that develop and run AI models. Your rivals They are companies such as Coreweave, Crusoe or Lambda Labs, which are a step below the “hyperscators”, Aws, Azure, Google Cloud or Oracle. The agreement. In it Document registered in the SEC The US indicates that Nebius will yield the computing capacity of the GPUS of its data centers in varisa phases this year and the one that comes, and that the total value of the contract will be 17.4 billion until 2031, with an option for Microsoft to extend those services worth 2,000 million additional dollars. Microsoft cloud reinforcement. The agreement will allow Microsoft to access the computing resources available to Nebius in its Vineland Data Center (New Jersey, USA). It is a movement clearly for solve the shortage of resources that is coming when managing AI workloads: more and more users make use of this type of technology and Microsoft current data centers have a limited capacity. More than OpenAi. The operation is even greater than the one that Redmond’s firm He did in Openai Estimated at $ 13,000. This alliance has allowed Microsoft to have exclusive access to OpenAi’s models and reuse them in the form of its Copilot platform. Meanwhile, Openai has been able to use the Microsoft infrastructure to train and serve those same models to the general public. Nebius rises to the beast in the stock market. The agreement has triggered the value of Nebius’s shares, which had already folded their value in what we had been, but after the news They have grown 60%. The effect is contagious, because one of its srival, Coreweave, has also risen 5% in the stock market without having made any announcement: it has simply become possible candidate for Microsoft or any other large company to invest in its services soon. European taste centers. Although it has roots in Russia, Nebius seems to want to leave that past behind to settle definitively in the European Union. The company current account with five data centers: three operations (Helsinki, New Jersey and Kansas City) and two in development (Keflavik, in Iceland, and Paris). The focus on the installation of data centers in European territory is clear, as these last two projects in full development demonstrate. Another great “European” unicorn. After the creation of its Data Center in Paris – which will presume to have N200 N200 chips – Nebius announced its intention to invest more than 1,000 million dollars in mid -2025 in its AI infrastructure in Europe. Its new data centers in Paris and Iceland demonstrate that vocation, and the company is managing to capitalize on that commitment to AI. It is undoubtedly one of the last protagonists of the European technological scene, which little by little begins to raise alternatives. Freepik did it in Spainthey have done it Mistral and ASML with its unique agreement This week, and now Nebius does. Image | Nebius In Xataka | The ASML-Mistral alliance reveals the European plan B: if we cannot manufacture chips, we will at least control how they are manufactured

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