investments

NVIDIA was going to make the mother of all investments in OpenAI, but the era of favors between friends is over

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NVIDIA has emerged as the pillar of artificial intelligence. Your chips They are the ones who move the more powerful data centers of the world and is getting billion-dollar investments to keep the wheel turning. At the same time, it has become one of the largest strategic investors of the artificial intelligence ecosystem. OpenAI She seemed to be his best friend, but that’s over. AND Jensen HuangCEO of NVIDIA, makes it clear: the next investments will probably be the last. Also in its great rival. Of 100,000 million. That was the magic figure of which we talked a few months ago. Recreating the schemes of “vendor financing“of the dotcom bubble, NVIDIA was going to finance OpenAI with $100 billion. In exchange, OpenAI would buy NVIDIA chips for the same value. It was a “trap” operation because the company would become the financier of its own premium client. With such an investment, it was expected that OpenAI will build data centers that they would need between four and five million NVIDIA GPUs: Huang already commented at the time that this represented double the total GPUs they distributed the previous year. In short: an absolute animal. And those 100,000 million were a mega-operation, yes, but one more of the many rounds of financing that the company led by Sam Altman. To 30,000 million. But in early February of this year, something unexpected happened. In what seemed like a historic turnaroundJensen Huang, cornered by the media after a Casual dinner at a Taiwanese restaurantcommented that there was never a 100% commitment to make that mammoth investment. The CEO of NVIDIA pointed out that they would surely continue making “the largest investment” they have made in their history, but although he did not give a figure, it was clear that nothing more than 100,000 million. How much? Lessmuch less: 30,000 million dollars. Good luck, OpenAI. Love broke, a love that began when Jensen Huang gave a DGX-1 server to Elon Musk back in 2016. Because it is not only that Jensen has commented that the figure will be around 30,000 million, but because he has mentioned that “it could be the last time” that they inject money into OpenAI. And the reason is very clear: “the reason is because they are going public.” From there, OpenAI will have to change its model completely and will be under the designs of the market. Big bets. NVIDIA, with this operation, shows that it is taking another course, one in which it prefers not to marry anyone and not commit in a truly serious way to a single company. Of course, OpenAI is not the only big operation that NVIDIA is going to get into. Another $10 billion is in store for Anthropic, OpenAI’s great rival both professionally and personally (since Altman and Amodei they can’t stand each other). Worse Huang has also mentioned which, again, will probably also be the last. They are also expected to go public. Fewer giants, broader base. OpenAI will have 110 billion soon. Apart from NVIDIA’s 30,000, Amazon will inject 50,000 million and SoftBank has committed 30,000 million. Huang has hinted that these two large operations could mark the beginning of a change of course. Instead of operations that can be counted on the fingers of one hand in giants, more investment in smaller companies. NVIDIA has gone investing more modest sums at other AI companies over the years. Model and software companies, infrastructure, robotics and even autonomous driving. It has been converting its GPUs and platforms into the standard on which it is founded the entire artificial intelligence industryand perhaps this break with giant companies like OpenAI or Anthropic marks a new beginning in which the focus is on supporting a broader ecosystem of partners. In this way, you will be able to continue shaping your objective: a range of more or less large companies that scale on your platform. Image | Steve Juvetson, NVIDIA In Xataka | AI engineers are closer to football stars than ever: NVIDIA has paid 900 million for one

a company limited in equal parts and various real estate investments

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The reunion of La Oreja de Van Gogh with its original vocalist is raising a lot of comments, perhaps not all as positive as the band itself expected. The terms in which it was done not all fans liked thembut the truth is that if we look at the group’s accounts, it makes all the sense in the world: this is the underground economy that beats behind Van Gogh’s Ear. A controversial return. Why so much conflict? The long-awaited return of Amaia Montero, the group’s original singer between 1996 and 2007, has emerged after a separation with vocalist Leire Martínezwho left the band after 17 years, in a context marked by constant rumors. The official confirmation of the reunion has also brought with it another announcement: the departure of the composer of most of the group’s hitsguitarist Pablo Benegas, which implies a significant change in the group’s historical formation. The return of Amaia Montero has been accompanied by the announcement of a tour for 2026, which at the moment is resulting in considerable success. The economic background. One of the main factors behind Amaia Montero’s return to La Oreja de Van Gogh are reasons that are not necessarily economic, since the singer has very healthy accounts, according to it has been possible to go away knowing in the last few days. Amaia, in fact, has been away from live music for approximately seven years and without new record releases, precisely because she doesn’t need it. However, the economic attraction of this return is very juicy. Limited Company. The truth is that La Oreja de Van Gogh is a company, not a typical pop band. La Oreja de Van Gogh SL, established by the five original members and still active, has a 20% stake for each one, and assets valued at around 2.9 million euros in 2022. The band’s return promises to substantially increase income derived from sales, concerts and advertising contracts, but the truth is that the company has allowed its partners to receive income even in seasons without tours or releases. Amaia too. But there is more. Amaia Montero has her own personal business company Poquito a Poco SL, which has a turnover of several million euros annually (more than 2.3 in 2023, and total assets valued at 3.7 million). Esya will see notable growth thanks to new activities linked to the band, although the singer has maintained a solid financial capital even during her periods away from live music. As? With real estate investments. The singer has: An apartment in San Sebastián valued at around 400,000 euros, acquired in 1999, when the success of La Oreja de Van Gogh was starting. A luxury apartment in the Salamanca neighborhood in Madrid, purchased in 2009 for 1 million euros and currently valued at approximately 3 million. It has about 289 square meters. An exclusive land in Guipúzcoa with a tennis court, swimming pool and fronton. A whole rosary of investments that allow us to discuss the reasons for a return to the band’s stages. But the economic ones do not seem to be among them. In Xataka | Rosalía, from virgin to martyr: the artist has embraced Catholic iconography in ‘Lux’ and controversy is served

They are boycotting investments at their CEO

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Spotify has just announced your quarterly financial resultsand arrive with bittersweet news, although not as much as the revolt that is created within their own catalog: some bands They are abandoning the platform After the linking of its CEO with the arms industry has been discovered. A new blow to the image of the platform, powerful and influential as fewbut that does not finish finding the approval of many artists. The problem. The main conflict is in the link of Daniel EK, founder and CEO of the platform, with the ‘Start Up’ German Helsing, a company specialized in military software based on artificial intelligence that develops a combat drone called HX-2, which can achieve objectives 100 kilometers away. The financial support from EK to Helsing is frontal: Through prima matter, an investment fund that co-created in 2021, EK injected 100 million euros that same year to the war company. To this has joined another 600 last June. The reaction. This is what has made many groups raise the voice against this investment. Already in 2021, people like Darren Sangita or Skee Maskbut now, after calling for the boycott of the experimental deerhoof and Xiu Xiu, it arrives the abandonment of a couple of independent bands of international fameKing Gizzard & The Lizard Wizard and Mexicans Café Tacuba. The phenomenon is especially striking because the former are greatly prolific, with 27 albums since 2012. This will make abandonment take time, having to coordinate a good number of stamps and distributors. Other frightened. King Gizzard and Café Tacuba are the last to leave, but there have been many other groups and soloists who did it before. Neil Young was a notorious casedenouncing that Joe Rogan’s podcast, produced by Spotify, was delivered to the misinformation about COVID-19. He was followed by relevant artists such as Joni Mitchell, James Blunt or Crosby members, Stills and Nash. Even more media was almost Taylor Swift, which In 2014 he eliminated all his platform musicclaiming that the transmission service did not pay enough to the artists. Snoopp Dogg did this year for similar reasons. Practically all the aforementioned artists They have ended up returning to the platform. An organized rebellion. Especially in alternative environments and more politically committed, certain discomfort with the platform is being developed, which undoubtedly has parallels with the negative of many artists To participate in festivals this summer linked to the Israeli Investment Fund KKR. In the case of Spotify, There are already manifestos that They list alternatives to the platform, and that have more catalog, better prices or, simply, an ethic more in line with the philosophy of the groups or subscribers. The accounts. All this comes at a key moment for Spotify, which has announced 86 million losses and the announcement of the expansion in 857 million of the Actions repurchase plan (all in contrast to a benefit of 274 million in the same period last year). On the other hand, users continue to grow: assets have risen 11% and ‘Premium’ subscribers, 11.6. Undoubtedly, the most important data is the rise in the business figure, 10% more, reaching 4,193 million. How are those millionaire losses possible? Spotify blames him for the impact of financial costs associated with staff and marketing. We will have to see if the abandonment of artists, none extremely massive at the moment, ends up affecting their accounts even more. Image | Xataka – Sampaio Czar in Unspash In Xataka | An artist published an album with 30 songs of 29 seconds exact each. Its goal: to highlight spotify

Italian workers have entered anger through Stellantis’s investments. Those who have taken Morocco, specifically

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Stellantis will invest in Morocco. A lot (very much) money. And that will have consequences in your investments in Europe. Especially in Italy where they aspired to see an approach of the company after the departure of Carlos Tavares. Now workers and politicians see how they will continue to vain in favor of North Africa. 1.2 billion. That is the Investment announced by Stellantis For Morocco. 1.2 billion euros that will be distributed in the country to expand the productive capacity of its plant in Kenitra, Morocco, to 535,000 cars per year. That means putting the country’s factory At the height of Vigo’sone of the company’s historical (before PSA). In recent years, Stellantis investments in Morocco have been constant. In fact, the company He began his journey on Moroccan soil in 2019 And in 2020 I was manufacturing just over 200,000 units. In 2030, the forecast is to exceed those more than half a million vehicles produced. Cheap. Stellantis’s intention has been, so far, of factories cheap options for the local market and its expansion by Europe. With the new agreement, the company has also announced that will manufacture hybrid engines in Africaa way to lower its offer of electrified vehicles. Later the known as Smart Car will arrive. This motorist production and three -wheel vehicles will be added to the current production of light grids. The company produces in Morocco Citroën Ami either Fiat Topolino. The latter were reason for controversy to include a flag of Italy which prevented its sale in the country Transalpino because the use of it is limited to products manufactured within its borders. A constant fight. This was just another episode of the open war between Stellantis and Italy. The automobile group It has Italian companies that historically they have had a great weight in the country: Fiat or Alfa Romeo, but also Lancia, Maserati or Abarth, who was born as the sports division of the first of them. Despite this, Stellantis has leaving aside the production of cars in the country. In recent years their layoffs have been famous in Italy and in 2024 the trend was confirmed: 70 years ago that Italian brands in possession of Stellantis did not produce so few cars in the country. The reasons are varied but are distributed between high productive costs and the way to get into the European emission rules. An effort that the company based on fuelmake more electrified And even Pausar Those who were not despite being the best selling. Finally, the automobile industry paws fines until 2027 with a last minute agreement. Italian anger. The departure of Carlos Tavares seemed to give a respite to Italian workers. Or at least, the decision to put Antonio Filosa (Italian) at the head of the company was seen as an approach to a country that had gone from having Fiat as one of its flags Let’s see how your plants They entered the auction to produce Chinese cars. Stellantis’s movement to invest more money in Morocco to the detriment of cars that could have been manufactured in Italy has raised Polvareda in the country. The toughest have been the members of the Government. In Panorama They point out that these have described the Moroccan investment as “absurd”, emphasizing that “for decades, the company has lived the money delivered by the Italian public coffers.” Of course, in the middle they qualify the “predictable” reaction. Also Carlo Cardone, from Azione, He has claimed John Elkannpresident of Stellantis, who complies with The Italian plan That the company put on the table and of which, they point out, no results have been seen, qualifying the movement of “the nth mockery” towards the country by Stellantis. And, at the same time, Samuele Lodi, spokesman for the FIOM union, stressed that investments From Stellantis in Italy they are freezing, they point to the inactivity of the government and emphasize that the situation (with the company) the situation has not changed, but has worsened. “And it emphasizes:” It is the confirmation that they look the other way. “ Smart Car. The harsh statements from Italy take strength after knowing that Stellantis’s investment will imply giving work to 3,000 employees and that it is estimated that the economic impact in the region can exceed 6,000 million euros, taking into account the component supply network from which they have to use. All this will be necessary to build the already mentioned light quadricycles, new three -wheeled electric vehicles and their most affordable hybrid options in the market such as the Fiat Grande Panda or the Citroën C3 whose low price must be decisive for face Chinese competition. Morocco takes strength. All these plans strengthen the Moroccan position as an African car. To Stellantis’s plans we must add the production that Renault has in the country But, above all, the steps that are taking place in the country to position yourself as an alternative attractive to produce electric cars. Morocco is in a key position. Its proximity to Europe allows a distribution that does not more expensive. At the same time, its commercial agreements with the European Union make it a cheap alternative to the south of them but without the economic barriers that it implies, for example, to bring cars from China. In fact, The Asian country itself is promoting investments In Morocco to try to turn the country into a bridge to Europe. Photo | Stellantis and Jack Walker In Xataka | The straps in oil completely sank Stellantis’s reputation. But it wasn’t the only

Deepseek closes external investments and risk capital. You have three reasons to do it

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Deepseek, The great sensation of the beginning of the year in AIhe is breaking with all the rules of the startup ecosystem not only for his efficient AI modelbut also for rejecting the risk capital that other competitors need such as eating. Its founder, Liang Wenfeng, maintains 84% ​​of the property (an anomaly in its field) and does not seem to be in a hurry to give control. Chinese technology broke into the industry in January With its new AI model, but unlike its competitors, it does not announcing multimillionaire financing rounds. Nor want to do it, according to anti The three reasons. Liang Wenfeng has clear reasons to keep investors at bay: 1. He does not want to lose control of his long -term vision on AI.2. Depseek has sufficient its own financing through its High-Flyer investment fund.3. He fears that external investors, especially Chinese, intensify concerns about privacy and security. Why is it important. In a sector where competitors are launched to capture thousands of millions to finance the expensive AI race, Depseek is betting on an alternative path. Financial independence also gives Deepseek freedom to focus on research and development, instead of seeking rapid monetization that investors usually demand. Between the lines. Liang does not usually hide his distrust of investors. In a 2023 interview He openly criticized the obsession of venture capital funds by rapidly monetizing AI, to the detriment of advanced research. This position symbolizes a growing skepticism in the technological sector about whether the traditional financing model is compatible with the development of long -term transforming technologies. The figures. The Deepseek owned structure is unusual for such a powerful startup: 84% is owned by Liang Wenfeng, the founder. 16% are in the hands of people linked to their investment fund, high-flyer. 0% is of traditional external investors. In detail. Liang has funded Deepseek with the benefits of High-Flyer, its quantitative investment fund. “Money has never been a problem for us; the problem is in the prohibitions for sending advanced chips,” he said in 2023. This financial self -sufficiency has allowed Deepseek to develop without the usual external pressure of investors, usually focused on short -term growth metrics. The backdrop. As a Chinese company, Depseek operates under laws that give the Government broad access to their data. This has already caused prohibitions of use in several countries and private companies. The entry of Chinese investors could get this situation worse. The US government has history by sanctioning Chinese technology with government ties, such as Huawei and DJI. And now what. Deepseek will need more and better AI chips to stay competitive, according to Liang himself. These components are expensive and are strongly restricted in China due to the export controls of the United States. Without external financing, Depseek could be left behind in the technological career against rivals with more resources, such as OpenAi or Anthropic. Of course If someone has demonstrated ingenuityIt is Deepseek. In Xataka | Manus is the new sensation of China after Deepseek. Is generating as many expectations as doubts Outstanding image | Deepseek + Philipp Katzenberger | Alejandro Luengo

The AI ​​fires Microsoft’s income at the expense of huge investments. And now China threatens its strategy

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Microsoft has presented Its quarterly resultsand thanks to them we already know what he won in 2024 thanks to the AI: 13,000 million dollars. Of course, it is also investing 22.6 billion dollars in infrastructure … each quarter. As if that were not enough, you also have to deal with the threat of Chinese innovation. Why is it important. The figures leave a clear reading: the Financial Equation of AI remains very complex. Generating interesting income – the current ones are already, grow 175% year -on -year – requires huge infrastructure investments. And now Chinese innovation threatens to leave a part of that investment obsolete. The context. Microsoft dominates the business market thanks to its early alliance with Openai, but Deepseek’s irruptionwhich has developed more efficient and cheap models, and open source, has caused a small earthquake in the sector. Microsoft is in a race against time: it needs to monetize its great investment in AI as soon as possible, but now it receives increasing competitive pressure from China. The figures: 13,000 million dollars (annualized) in revenue per year. 22.6 billion dollars invested per quarter in infrastructure. 31% Azure growth, below expectations. 24,110 million dollars of quarterly net profit, 10% more interannual. Exceeded expectations. Marking Agenda. The consolidation of Microsoft as a leader in corporate AI is thanks to Copilot, its Microsoft 365 assistantwhich already has more than 160,000 companies using it … and have created more than 400,000 custom agents, according to the figures published by the company. Microsoft is in full transition to a model where AI is integrated into all its business lines: Windows will incorporate AI capacities in 15% of high -end laptops. LinkedIn uses AI to improve its hiring platform. Xbox Cloud Gaming continues to break records with 140 million hours transmitted. Github co -ilot It has more than 150 million active developers. And the AI ​​stars in a striking contrast in the company’s accounts: while Azure’s income, the great winner of the Nadella era, are growing slower than expected, new business lines based on AI are growing explosively: 157%. Deepen. One of the questions that leave these results is whether Microsoft will be able to maintain this level of investment if Chinese efficiency advances force a price war in AI services. Microsoft defends its strategy arguing that the demand for AI will continue to grow exponentially as the costs are reduced, thus compensating the current investments. The question is whether investors share that optimism. Outstanding image | Microsoft In Xataka | I have tried Deepseek on the web and in my Mac. Chatgpt, Claude and Gemini have a problem

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