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Prepared food already represents a business of 3,000 million for Mercadona. And that is a problem for McDonald’s and Burger King

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The proverb says that a picture is worth a thousand words. The success of the so-called ‘merchants’ Supermarkets that are hybridizing to become places where you can buy and consume already cooked dishes are not only measured in images and words. It can also be followed with something much more forceful: figures. One of the most resounding he just left her Mercadona. Throughout 2025, the Valencian chain had a turnover of around 700 million euros in Spain through its section ‘Ready to eat’. If we expand the focus to include its pre-cooked offering (refrigerated, trays…) the joint business volume in Spain and Portugal amounts to 3,000 million euros. What has happened? We have just obtained data that helps us better understand how the ‘Ready to Eat’ section is working for Mercadona. According to the information advanced by Food RetailIn 2025, the Valencian chain invoiced 700 million euros in Spain through this channel. Perhaps it seems like a discreet figure when compared to its global sales, which were close to 39.8 billion in Spain, but it is interesting for two big reasons. First, because the ‘Ready to Eat’ section is young. It was not launched until 2018. Since then Mercadona has been expanding it throughout its network (in 2025 it reached 210 new supermarkets) until it was present, at the end of last year, in 1,469 points of sale from Spain and Portugal. The second reason is that in reality ‘Ready to eat’ is only one of the multiple channels that allow Mercadona to capitalize on the growing demand for already cooked food. If the entire business and its turnover in Spain and Portugal are taken into account, the level of income is much higher. How much do you earn then? In total, if we count both the business generated by the ‘Ready to eat’ section and the sale of pre-cooked food (creams, packaged chicken or refrigerated pizza, for example), Mercadona entered around 3 billion of euros in Spain and Portugal. Not only does it represent just over 7% of the company’s global turnover, it also shows a growth of 20%, which confirms the potential of that line of business. The figure helps to understand Mercadona’s commercial strategy, which has been betting on the ‘Ready to eat’ section for years (in 2025 it implemented it in 250 new super) and in recent months it has redoubled its bet, adding to its offer of dishes and desserts a new service of freshly ground coffee. The cooked food sections also play a decisive role in the so-called ‘Store 9’the new establishment format that the company wants to implement in its network. Does the data matter that much? It is certainly striking. FRS contributes another brushstroke which helps to understand to what extent the sale of pre-cooked or ready-to-eat food has grown in Mercadona. The 3,000 million euros registered in Spain and Portugal in 2025 far exceed McDonald’s annual sales in Spain (around 2 billion euros) or Burger King (others 1.5 billion). In fact, it almost equals the sum of both subsidiaries. It’s not surprising at all. Mercadona has conquered 20% of the entire food and beverage business (in value share) and ships a large part of the hamburgers with buns sold in Spain. According to the Numerator signatureis behind approximately 10.2% of consumption occasions. They are just nine points lower than the national market leader McDonald’s (19.5%). Does it only happen with Mercadona? At all. The chain stands out for its considerable market share, but it is not the only one seeking to benefit from the growing demand for already cooked food. In February, the consulting firm NielsenIQ estimated that “prepared and ready-to-eat food solutions” are growing at a rate of more than 10% in supermarkets and hypermarkets, which is in turn shaping a billion-dollar business. “Right now this segment represents a total of about 3.7 billion,” explains Nacho Biedmatechnician of the consulting firm, in an interview with elDiario. There are analysts who calculate that the distribution sector (which includes supermarkets) already monopolizes 23% of what we spend on food outside the home. Why this change? Because consumer habits are not immutable. We do not eat the same, nor in the same way nor in the same places as our grandparents. And our grandchildren probably have different habits too. I predicted it last year Juan Roig, predicting that in the middle of this century Spanish homes will no longer have kitchens, so supermarkets will become more than just the place where we buy food to fill our refrigerators: they will be our great reference in food. Beyond these changes at the domestic level, sections like ‘Ready to Eat’ play a great role. They offer customers variety, agility and, above all, rates that traditional bars can hardly match. Prepared meals from supermarkets are in a way the successors of a ‘menu of the day’ that has been in crisis for yearssuffocated by rising prices. More and more people stop going to the corner restaurant to spend 14 euros in a menu of first, second and dessert that will take you 45 minutes to consume. He goes to an Alcampo, Carrefour or Mercadona, buys a couple of dishes for 10 euros and devours them in less than half an hour in the dining room located in the supermarket itself. Many people even take cooked food to devour at home. Images | Mercadona Via | FRS In Xataka | Very few national supermarkets are resisting Mercadona: regional chains like Froiz are

John Deere had been preventing farmers from repairing their tractors for years. Now he will have to pay them 99 million dollars

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A modern tractor is a computer on wheels: GPS, sensors, telemetry and proprietary software. Buying it costs a lot more money than a normal car, but until now not even that made the farmer its real owner. John Deere has agreed to pay $99 million to close a class action lawsuit in the United States which accused him of monopolizing the repairs of his machinery, forcing thousands of farmers to depend on authorized workshops with inflated prices and waiting times that could ruin an entire harvest. Why is it important. This agreement is not just about tractors. It is the most visible case of a battle that affects phones, cars, appliances and consoles: that of right to repair what you have bought. If a manufacturer can software block access to the guts of a product you already own, ownership becomes a mere pantomime. What John Deere has done with its tractors, Apple has long done with its iPhones and Tesla with its cars. What has happened. The lawsuit was filed in 2022. Farmers Alleged Deere Purposely Restricted Access to Its Diagnostic Softwareforcing them to go to dealerships that charged artificially high prices. Deere has not admitted wrongdoing, but has accepted the following: Create a $99 million fund to compensate those affected who have paid reparations since 2018. Open to farmers and independent workshops the diagnostic tools that until now only their dealers had. Allow diagnostics and reprogramming in offline mode before the end of 2026. Between the lines. The figure of 99 million is not coincidental. Deere has chosen to stay a million short of nine figures, a classic psychological trick to make it sound less serious in the headlines. But the estimated real damages are much higher: the overpricing in repairs has cost farmers between 190 and 387 million, and total losses could reach 4.2 billion. The fund will be distributed among around 200,000 farmers. Each one will receive a symbolic amount. They cost less than $500 each. Yes, but. John Deere has committed to opening up its repair tools, but only for ten years. After that period, nothing prevents you from turning off the tap again. The company already promised to improve access to repairs in 2023 and, according to the plaintiffs, it failed to keep its word. Additionally, the Federal Trade Commission, the US regulator, keeps another lawsuit open against Deere by the same pattern of behavior. So this soap opera will have more chapters. The big question. The case of tractors is the tip of the iceberg of something that affects us all. A modern tractor, an electric car or a smart thermostat share the same logic: the software inside can turn the owner into a user with permission from the manufacturer. What has been decided in a US court about agricultural machinery will end up defining the limits of ownership in the digital age. Also in Europe. In Xataka | Every summer fires devastate Spain. There is a common culprit that goes unnoticed: old tractors Featured image | Randy Fath

shoot down missiles for less than a million dollars

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A single advanced interceptor missile can cost more than dozens of drones of combined attack, and in Ukraine and Iran several have been launched to neutralize a single threat. This imbalance has led to situations where protecting a target becomes too much more expensive than attacking it. Therefore, in modern warfare, the key is no longer just who has the best weapons, but who can sustain their use without going bankrupt. The paradigm shift. For decades, intercepting a ballistic missile has been one of the most expensive operations in modern warfare, with systems like the patriot forcing the firing of two or three interceptors worth several million dollars each to ensure a kill. This model has worked in limited conflicts, but recent wars have shown its limits when the volume of threats grows massively. So much in Ukraine as in the Middle Eastair defense has become a cost battle where the attacker launches cheaply and the defender responds expensively. In that context, the idea of ​​shooting down missiles for less than a million dollars is not an incremental improvement, but a radical change in the rules of the game. Ukraine and logic. Since the 2022 invasion, Ukraine has developed a military industry based on economic efficiency, producing drones and missiles at a fraction of the cost of traditional Western systems. Companies like Fire Point They have transferred that philosophy to air defense, proposing a system capable of intercepting ballistic missiles at a much lower cost than the current one. The objective is quite clear: break the bottleneck of extremely expensive operators and systems, and allow a scalable defense in volume. This logic, moreover, comes directly from the battlefield, where survival depends on both effectiveness and cost per unit. The goal: below one million. The goal of intercepting a missile below the million dollar threshold It means attacking the core of the current strategic problem, where each defense costs more than the attack it tries to neutralize. Yes Ukraine achieve this milestone in 2027as indicated this week, would change the economic equation of air warfare, making it viable to respond to massive attacks without quickly depleting resources. Not only that. Even with somewhat lower success rates than systems like the Patriot, simply being able to launch more interceptors at a lower cost could make up that difference. In practice, it would mean that defense would cease to be a scarce resource and become something replicable on a large scale. The context: saturation and scarcity. Let us think that the war in Ukraine and the Iranian attacks in the Gulf have shown a common problem: the shortage of advanced systems and the impossibility of maintaining the rate of consumption. Patriot missiles They are limited, expensive and slow to produce, while threats (whether drones, missiles or swarms) can be manufactured and launched in large quantities. This imbalance has put powers with enormous military budgets in check, forcing them to prioritize objectives and accept vulnerabilities. In that scenario, a cheaper solution is not only desirable, but necessary to sustain any prolonged defense. The global implications. Here may be the real one crux of that announced advance. If Ukraine manages to develop this system, the impact would go far beyond the current front, generating a global demand between countries that cannot afford multi-billion dollar defense systems. This, a priori, would democratize access to air defense, allowing more actors to protect their space without depending exclusively on the United States or limited systems such as the European SAMP/T. Furthermore, it would alter the strategic balance, since it would reduce the effectiveness of attacks based on saturation and volume. In other words, it would make it much harder to win a war simply by launching more missiles. The new balance. Therefore, the real change is not only in the price, but in reversing the economic logic of the conflict, which indicates that defending is no longer more expensive than attacking. If that point is reach next yearmany current strategies would lose meaning, from the massive use of drones to saturation bombings. From that perspective, Ukraine would be on the verge of achieving something truly unprecedented in modern military history, redefining the relationship between cost and power in the war. And that, more than any specific weapon, aims to mark the future of conflicts. Image | Fire Point In Xataka | Ukraine is close to achieving a milestone that no one has achieved: building the largest drone industry without China’s help In Xataka | Thousands of cigarette butts are crossing into Russia without Ukraine being able to do anything. Their goal: to become missiles

While most citizens pay the electricity bill, electricity pays Amancio Ortega: 49.2 million in dividends

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There are people who pay electricity bill every monthand people who are paid by “the light”. Amancio Ortega belongs, without a doubt, to the second group. The founder of Inditex will earn 49.2 million euros this year in dividends from three energy companies in which it has participation: Enagás, Redeia and the Portuguese REN (National Energy Networks). Despite being a considerable sum in terms of dividends, those 50 million euros seem like pocket change when compared to the amounts of its large business, 3,234 million euros that will receive from Inditex in 2026 for 59% of the shares it controls through its investment instruments Pontegadea and Partler 2006. Redeia: the largest energy check. Ortega’s most profitable participation, in terms of dividends, within the energy sector It is the one that the millionaire maintains in Redeia, the company he manages the Spanish electrical network. Through his company Pontegadea Inversiones, the businessman settled in La Coruñaacquired 5% of the company’s capital in July 2021 for approximately 456 million euros. With this position, it is the second largest shareholder in the company, only behind the State, which owns 20% through SEPI. The Board of Directors of Redeia will propose to the General Meeting the distribution of a dividend of 0.80 euros per share charged to the 2025 results, of which 0.20 euros They were already paid in January and another 0.60 euros are planned as a complementary dividend in July. Taking into account Ortega’s percentage of participation, that means about 21.6 million euros for Pontegadea, the same amount as the previous year. Furthermore, the Redeia’s new strategic plan For the period 2026-2029, it foresees a dividend that the company describes as “growing and sustainable”, to reach 0.87 euros per share in 2029, which represents an annual increase of 2%. In this way, Pontegadea, as representative of Ortegawould receive about 91 million euros over the next four years. The Portuguese bet: REN. Ortega’s other great energy pillar in 2025 has been the Portuguese REN, the Portuguese equivalent of Redeia. Far from settling for its initial position, Pontegadea expanded its participation in REN last yearpurchasing an additional 1.7% until reaching 13.7% of the capital. With that move, Ortega consolidated his role as second largest shareholder of the Portuguese company, only behind the Chinese electricity company State Grid Corporation of China, which controls 25% of the shares. By 2025, the REN Board of Directors proposed distribute among its shareholders a total of 106,750,601.92 euros, which corresponds to a gross dividend of 0.160 euros per share. On this occasion, the payment has been divided into two: a dividend of 0.064 euros per share has already been distributed as an advance at the end of November 2025, while a second payment of 0.096 euros per share is expected after its approval at the general meeting scheduled for April 15, 2026. The part corresponding to Pontegadea for its 13.7% of the capital represents about 14.6 million euros in total, which They add to those of its Spanish counterpart. A commitment to energy diversification: Enagás. The third leg of the energy business of the founder of Inditex is Enagás, the company that manages the natural gas network in Spain. Pontegadea acquired 5% of its capital at the end of 2019, paying 281.63 million euros for that package. Today that participation is valued below the purchase price, but the difference has been compensated through the dividends collected over the years. The gas company maintains his remuneration one euro per share for this year, maintaining the containment plan that began in 2024 and will last until 2027. The dividend will be paid in two payments: one of 0.4 euros that was already paid in December 2025 and another of 0.6 euros scheduled for July 2, 2026, with a total distribution of 157.2 million euros among all its shareholders. Due to its percentage of participation, the part corresponding to Pontegadea exceeds 13 million euros. A long-term strategy. Ortega’s investment in the energy sector is not an opportunistic bet in a sector in times of economic prosperity. It is a strategy that he has been building since 2019, when he joined Enagás, and that was completed in 2021 with the entry into Redeia and REN. To this we must add the alliances that has signed with Repsol to participate in renewable energy portfolios: wind farms in Aragón and Castilla y León, and solar plants in Albacete and Cádiz, among other assets. The Pontegadea model does not consist of investments by distribution companies, but rather in companies that manage infrastructure energy companies, which offer regulated and stable income with recurring dividends year after year. They are not high risk investments nor high speculative volatilitybut in strategic sectors independently of the economic cycle. In Xataka | There is a 50-ton “nuclear reactor” in a bunker in Fuenlabrada: it has been donated by Amancio Ortega Image | Pexels (Jan Kopriva), GTRES

97% of a key mineral for Europe comes from China. Spain has a plan of 197 million to turn it around

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Constant technological development has unleashed a silent but relentless geopolitical war. At the center of the target are rare earths and critical minerals, essential for manufacturing everything from mobile phones to electric cars or wind turbines. Nowadays, how to explain Europa PressEurope is in a situation of extreme vulnerability: 97% of the magnesium we consume comes from China and 98% of the borate we import from Türkiye. However, the solution to this deep dependence could be buried under Spanish soil. A new plan. As detailed in the National Mining Exploration Program 2026-2030 (PNEM), the official document promoted by the Government of Spain20 of the 34 raw materials that the European Union classifies as fundamental have been detected in the Iberian Peninsula. Of them, 17 are considered strategic due to their high technological and defense impact. To map and take advantage of this “treasure”, the Executive has launched an ambitious plan. The financing table of the PNEM itself projects a total investment of 197 million euros for the five-year period 2026-2030, adding public financing, aid and private investment that is expected to be mobilized. A breath for Europe and an opportunity for Spain. The European roadmap, crystallized in the Fundamental Raw Materials Regulation (Critical Raw Materials Act or CRMA), is very clear: guarantee access to a safe and diversified supply. By 2030, the European Union has set a goal of extracting at least 10%, processing 40% and recycling 25% of its domestic demand for these materials. In this context, Spain is not a secondary actor, but is the only producer of strontium in Europe, hosting 15% of the world’s reserves in the Montevives and Escúzar basin in Granada, and holds the position of second largest copper producer on the continent. according to data provided by Europa Press. The main focus of exploration is located in the Variscan or Iberian Massif, an extensive geological strip that crosses the west of the peninsula from Galicia to Andalusia, passing through Cantabria, Asturias, Castilla y León and Extremadura. The official document highlights, within this great massif, the so-called Central Ibérica, Ossa-Morena and South Portuguesa Zones as priority areas for general exploration. The private sector takes positions. On a practical level, intentions are already being translated into business movements on the ground. In Extremadura the Junta has granted a license to explore an area of ​​49,500 hectares in the Cáceres regions of Los Ibores and Campo de Arañuelo. In Andalusia, specifically in Jaén, the Australian company Osmond Resources will promote the Orion projectcovering 228 square kilometers in the former mining region of Linares-La Carolina to search for unusually high concentrations of rutile, zircon and rare earths such as neodymium. For its part, the European Commission has already blessed seven strategic projects in Spanish territory to protect the supply, located in enclaves of Ciudad Real, Orense, Cáceres, Badajoz, Huelva and Seville. Cutting-edge technology versus “pick and shovel”. The National Mining Exploration Program does not contemplate blindly digging holes. The Ministry’s text outlines six great performances interconnected to locate these raw materials. The process will begin with an exhaustive review of historical data and geoscientific reports, followed by the preparation of highly detailed geological-mining cartography. From there, technology will take over. Geochemical soil prospecting campaigns and complex isotopic analyzes will be carried out to find anomalies in the terrain. In addition, cutting-edge geophysical techniques will be deployed, using everything from airborne gravimetry and magnetometry equipment (planes and drones), to remote sensing using high-resolution hyperspectral and satellite images provided by the European Space Agency. All of this will be complemented by carrying out physical surveys to confirm the mining interest of the anomalies. Finally, as the official plan highlights, all this huge amount of data will be processed using algorithms, artificial intelligence and machine learning to generate predictive models of mineralization. The inevitable clash: Mining vs. Biodiversity. However, technology collides head-on with strict environmental reality. The clearest example is in Campo de Montiel (Ciudad Real). There, the company Quantum Minería has been trying to exploit a promising monazite deposit to extract rare earths. But the project has encountered strong neighborhood opposition due to the very high water consumption it requires and an unexpected defender: the iberian lynx. The recovery of this feline’s territories in the area has become a major legal obstacle for the mining company, paralyzing permits due to fear of destroying its habitat. Although before the environmental alarms go off, it is important to make a fundamental point: this National Program serves to know what we have, it is not an authorization to dig it up. The Ministry’s own document clarifies that the plan does not establish “binding or indicative objectives” for exploitation. That is, it is a purely prospective roadmap and data collection that does not compromise or zone the territory to open real mines. The mine is in the “garbage”. Faced with this paralysis and the immense difficulty of opening new mines in natural areas, Spain has an ace up its sleeve: secondary mining and the circular economy. The National Program reserves one of its main transversal lines to respond to article 27 of the European regulations (CRMA), thoroughly investigating the economic potential of mining waste facilities that were closed or abandoned in the past. The Ministry document remember thatalready in the 80s, an inventory was prepared that cataloged 21,673 waste structures (rafts and waste dumps) spread throughout the national territory. Now, the State’s objective is to review this catalog and promote geochemical characterization work to recover those fundamental raw materials that, at the time, were not of interest or could not be extracted and were discarded. As pointed out Europa Press, Research teams from the University of Seville led by professors Joaquín Delgado and Antonio Romero are already working in Río Tinto (Huelva) designing experimental plants to recover valuable metals and rare earths from the acidic waters of abandoned mines. Even beyond the mine. A clear example of this circular bet is the RC-Metals projectled by the National Center for Metallurgical Research (CENIM-CSIC). … Read more

This map shows what the Earth will be like in 250 million years. If it comes true, Spain will be very lucky

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About 200 million years ago, the last supercontinent began to break up. The division of Pangea It gave way, very little by little, to the current geological composition. But what was separated will come together again. The continents keep movingcrashing into each other, and one theory suggests that it will be within 250 million years when another supercontinent will emerge. We have named it as Pangea Ultimaand the truth is that it will not matter exactly which countries we have as neighbors. Pangea Ultima. plate tectonics It is curious because they continue to move one under the other, and that is what has led to the theory of continental drift. These movements are studied to understand the past, as well as to decipher the future, and one of those scholars is Christopher Scotese. This American geographer is the creator of the PALEOMAP Projectwhich seeks to show not only how the elements have moved these last 1,000 million years, but is also attributed the prediction of that future supercontinent. and Scotese elaborated this map: What is it that has inspired the one who opens this article: Curious neighbors. According to this, within about 50 million years North America would have rotated so much that Alaska would be at a subtropical latitude and Eurasia would also rotate, but in the opposite direction, making Britain closer to the North Pole. Africa will move closer to Europe and Arabia, both the Red Sea and the Mediterranean will disappear and, within 100 million years, the Atlantic will begin to shrink. It will be in 150 million years when the Atlantic will disappear as a result of being sucked in by the American continent, bringing America and that block composed of Eurasia and Africa much closer. And the culmination will occur within 200 million years when this new supercontinent is formed, with the Indian Ocean as a central sea and a curious neighborhood mix. According to this model, Latin America would be more or less the same, but with African neighbors to the east. Cuba would be attached to the United States, Greenland would be next to Canada (bad luck, Trump) and Spain would continue to border France and Portugal, but also with Italy, Morocco, Tunisia and Algeria. England would also be close to France and Korea would be in a curious sandwich between Japan and China. It will make exactly the same. But the truth is that it doesn’t matter what your new neighbors seem to you, not because, obviously, you won’t be there to suffer them, but because humanity may have become extinct by then. Not because we sometimes put effort into it, but because the conditions will not be the most ideal for the life of mammals. In a study Published in Nature, researchers predicted that 92% of the Earth would be uninhabitable for mammals. The reason is that, in a simulation of the climate of this new supercontinent, it is estimated that the temperatures of a large part of Pangea Ultima will be more than 40ºC, but in addition the amounts of CO₂ will make the life of mammals… complicated. Due to the number of collisions between plates, there will be great volcanic activity that will increase the CO₂ emissions into the atmospherea, not only warming the planet, but also encouraging the levels of this CO₂ to double the current levels. In addition, the Sun will be 2.5% brighter at that time because its nuclear fusion rate will have increased and this is something that will also contribute to making the planet drier. Spain not so bad. It’s not a very encouraging outlook, to be honest, since plant life will also experience mass extinction, but researchers point out that conditions may not be so bad in all parts of the new world. Thus, those closest to the top of the North Pole could have cooler conditions that facilitate better adaptation to life. And Spain, Portugal, Morocco or England are in that scenario. It is also possible that we become specialists in desert environments, becoming nocturnal animals in something similar to what was seen in ‘Dune‘. Alexander Farnsworth, one of the researchers who have simulated the climate conditions of that future, also analyzed From the most serious point of view, how life makes its way in the climate of Arrakis and points to this parallelism with the Earth in 250 million years. one more. Is this what the Earth will look like in 250 million years? Namely, but there are several hypotheses formulated in recent decades that, in one way or another, point to the existence of that supercontinent. One is Novopangeawhere the Pacific will close. another is Auricawith the closure of both the Atlantic and the Pacific. And another model is Amasiawith the union between Asia and America. And it doesn’t matter the model, they are still similar to the last Pangea and, after this new supercontinent, the estimate is that the Atlantic will open again, separating the countries and beginning a new cycle of rupture. What will happen to life? Well, it will make its way, as the great Jeff Goldblum already said in ‘jurassic park‘, because mass extinctions… there have been several. Image | Coffee In Xataka | The Earth has moons that we don’t know about: exploring them is key to revealing the secrets of our solar system In Xataka | This map is a journey through time: this is how the Earth has evolved for 750 million years A version of this article was published in 2025

OpenAI is the most successful company on the planet. Also the one that plans to lose 85,000 million dollars in a single year

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Something special is going to happen in 2026: both OpenAI and Anthropic are going public. This will finally mean that individual investors can invest in them and bet on their future with their money. It will be the definitive exam for the credibility of companies that have grown exceptionally in recent years but also They have burned the money as if there were no tomorrow. But be careful, because there is a compelling reality here: they are going to continue burning it in an even more astonishing way. The two sides of the IPO. The Wall Street Journal has had access to the financial documents submitted to investors before the IPOs proposed by both OpenAI and Anthropic. They reveal extraordinarily striking data that have two sides. Amazement and concern with OpenAI. For example, OpenAI has indicated that it will almost double its revenue this year. According to their forecasts, they could become profitable in 2026 if one excludes the cost of training their models (which are stratospheric, of course). But there is the other reality: OpenAI expects to spend $121 billion on computing power in 2028, so even doubling revenue it will lose, attention, $85 billion. No company has ever lost this amount of money and survived, but OpenAI not only promises that it will survive, but that those losses will end up being almost anecdotal. I tell you the truth, but only part of it. Both companies wanted to show two different versions of reality when talking about how they present their profitability. In one, the very expensive model training processes are included, and in others in which these costs are excluded under a heading called “computing for research.” Excluding those costs, OpenAI is on track to achieve a small pre-tax operating profit this year. Anthropic also promises to achieve this if its most optimistic scenario comes true. Excluding the cost of training models, both OpenAI and Anthropic could be “profitable” this year. Source: WSJ. Until 2030, no real profitability. If the costs and investment in model training are included, OpenAI indicates that it will end up being profitable in 2030, a fact that They had already planned a long time ago and that could not hide a forceful reality: the company has not only not stopped spending money until now: it is going to continue spending it, but to an even greater extent with projects like Stargate to the head. Saying that in 2026 they will be profitable if we do not consider training costs is like an airline telling us that it is profitable excluding the cost of fuel. Anthropic, by the way, expects to be fully profitable in 2028. Revenues growing fast, costs even faster. In addition to those training processes, both OpenAI and Anthropic are spending billions of dollars every year in inferencea section that is beginning to be even more important at an operational and strategic level. Currently, these inference costs represent half of each company’s revenue, although inference technology is expected to becomes cheaper and therefore the costs too. Here, however, there are two big differences between both companies: OpenAI: most ChatGPT users do not pay to use the service, so OpenAI assumes these inference costs without making them profitable. According to OpenAI, this facilitates adoption and will allow users to become subscribers in the future, something that is not happening too much at the moment. Anthropic: This startup has managed to win over many companies that pay to use their models, and it is evident that the company is absolutely focused on making you pay to use their models if you want to use them. And if not, Tell OpenClaw. Betting on the future. The companies and venture capital funds that have invested billions in OpenAI or Anthropic have made a bet on the future. They have blind faith that these companies will end up taking over the world, so the fact that today they are still not profitable does not scare them… or not enough to withdraw from this expensive race. Both have experienced spectacular growth that serves as an argument for investors. In addition, the growing interest of companies in integrating AI solutions by paying for them has boosted Anthropic and even caused OpenAI to reorganize and change its strategy. Less fireworks and hypemore focus in what makes money. The IPO as a trick to survive. Both companies are going to continue burning money like there was no tomorrow in the coming years, but now they hope that investors will be the ones to sustain their businesses. The amount of money they will need has made even the Nasdaq make things easier: It will allow newly listed companies to join its renowned index more quickly, giving them access to larger capital reserves. Now it will be the public market and to a large extent the individual investor who will decide whether they want to bet on that future or not. A small survey. Would you invest in OpenAI or Anthropic if it went public? It is evident that both companies generate different impressions, and although their strategies and ways of doing things are different, it is clear that this public sale offer is going to be very striking when it occurs. So, it is a good time to find out a little about what you, the xatakeros, think about this financial movement of these companies. Image | TechCrunch | Wikimedia Commons In Xataka | NVIDIA has so much money that it is becoming something different: the largest startup incubator in the world

a million Spaniards continue to watch it every year

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Each Easter weekWithout fail, something happens that defies any logic of the audiovisual market: millions of Spaniards sit down to watch a film that they have already seen, which lasts almost four hours, which was filmed 65 years ago in Rome and which is not recommended by any algorithm. A chariot race that, for some reason, continues to draw viewers as if it were a recent release. The figures. Since 2008, the film ‘Ben-Hur’ has been broadcast on Spanish channels (free and pay) a total of 85 times over 17 Holy Weeks. That is equivalent to an average of five passes per holiday period, according to data from the consulting firm Barlovento Comunicación. has provided ‘El País’. No other religious-themed title has accumulated so many broadcasts in that interval. It is followed by ‘Quo Vadis?’, with 73 appearances on the grid, and ‘The Ten Commandments’, with 61. Completing the usual group are films such as ‘Barabbas’, ‘Spartacus’ or ‘The Greatest Story Ever Told’, almost all of them produced between the 1950s and 1960s. It doesn’t sound familiar to me. Well, they are all titles from a time in which Hollywood turned the biblical epic into an industrial venture, with million-dollar budgets and excessive technical ambition. ‘Ben-Hur’ cost $15 million in 1959 (the largest budget of any film up to that time) and grossed approximately $80 million worldwide. It won eleven Oscars from twelve nominations, a record that only ‘Titanic’ (1997) and ‘The Lord of the Rings: The Return of the King’ (2003) have equaled. Why do they still work? ‘Ben-Hur’ has an advantage: Jesus appears in it as a peripheral figure, with his back turned or in the distance, which turns the film into an epic adventure production with a Christian subtext, rather than a typical religious film. The chariot race, filmed in five weeks with 15,000 extras and on a gigantic set in Cinecittà, works as a hook regardless of the viewer’s beliefs. ‘Quo Vadis?’ places Saint Peter fleeing Rome during Nero’s persecutions, but a vision of Christ appears to him asking where he is going, and Peter turns around and returns to the city to remain with the martyrs. It is the only scene in which Jesus has a direct presence, since he always appears mediated by his apostles, or with the conversion process of the Roman commander Marcus Vinicius. But the spectacle that the film sustains for the non-believing public is another: the burning of Rome, the circus with the lions, the megalomania of Nero… The hearings. Since 2021 La 1 has programmed ‘Ben-Hur’ every year on the after-dinner meal on Thursday or Good Friday. The results: screen shares of 11.4%, 10.7%, 12.5%, 11.3% and 11.1%, with figures around one million viewers in the three and a half hours that the film lasts. Today few programs achieve those numbers on a regular basis. The record remains the Holy Thursday screening of 2012, when more than two million people watched it on the night of La 1. For this year, RTVE has confirmed that La 1 will broadcast ‘Ben-Hur’ and ‘Pompeya’ on the afternoon of Good Friday, and ‘The Ten Commandments’ during the weekend. La 2 will offer ‘The Sacred Robe’ on Holy Thursday at 10:00 p.m. The private ones, less pious. Since 2018, La 1 has broadcast a total of 45 films with religious themes or those linked to Holy Week. Antena 3 barely reached seven. Telecinco, four. Atresmedia and Mediaset are betting on other types of programming on these dates, leaving the religious field almost exclusively to RTVE… …and the autonomous ones. These have turned this niche into their own asset. Between 2018 and 2025, Telemadrid programmed 99 films with religious themes, Canal Sur 82 and CMM (Castilla-La Mancha Media) 72. These are figures that reflect both the cultural harmony of these stations with their territories and a very economically efficient programming strategy: the rights to these classic titles are considerably cheaper than those of recent productions. And Channel 13. This is what takes logic to its ultimate consequences. The Episcopal Conference network has broadcast almost 300 religious films during Holy Week over 17 years. In 2025 alone, it programmed 19 different titles in that week, with more than 50 hours of special content that included broadcasts of processions, connections with the Vatican and film series ranging from Cecil B. DeMille classics to premieres such as ‘His Only Son’ (2023). Thirteen seems like a television built specifically for these dates. Last stop: ‘The Life of Brian’. There is a case that deserves separate analysis: ‘The Life of Brian’, the 1979 Monty Python film, has been broadcast at Easter on Spanish channels on 22 occasions over 17 years. In most cases it was on thematic channels, and La 2 only dared to program it in 2020 and 2021. The results were clear: a 7.4% share in full confinement and 5.5% in 2021, figures well above the channel’s usual average. Neox issued it the last two Good Fridays with equally notable results for its usual figures: 2.6% and 3.4%. The data is revealing because it makes it clear that the viewer of Holy Week is not necessarily looking for devotion, but rather cultural markers of the period. ‘Life of Brian’ fits that way just like ‘Ben-Hur’, albeit from the opposite end of the spectrum. In Xataka | We believed that Generation Z was returning en masse to the Church. An error in a survey is to blame for the mirage

The company that earns 2,000 million a month is already worth 852,000 million dollars

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Just a year ago we broke the same news: OpenAI had broken the record for the largest financing round in the history of Silicon Valley. Then it was $40 billion, which raised the startup’s valuation to $300 billion. The curious thing is that today, a year later, history repeats itself, but with much (very much) higher numbers and also more doubts flying over the environment. Add and continue. OpenAI has broken the record again of Silicon Valley’s largest financing round, raising no less than $122 billion, which places its “post-money” valuation at $852 billion. OpenAI claims that this investment will allow them to expand their computing capacity and thus be able to sustain the development of their frontier models. Why it is important. OpenAI is the most valuable private company in the world, ahead of giants such as JP Morgan, Samsung or Visa. There are only 14 companies listed on the stock market that exceed their valuation, but they have also tripled it in just one year. All this happens in the shadow of a possible bubblewith many doubts about your business strategy and, above all, IPO on the horizon nearby. Who puts the money. Already They confirmed it a few days ago: Of the 122,000 million, NVIDIA, SoftBank and Amazon have contributed 110,000. The person who has contributed the most has been Amazon, which has put 50,000 million in OpenAI’s pocket. For their part, NVIDIA and SoftBank have contributed 30 billion each. The absence of Microsoft is striking, especially since they were expected to contribute “several billion more.” The remaining 12 billion come from venture capital firms in Silicon Valley and Wall Street. Of these, at least 3,000 million have been raised from individual investors through banks. An act of faith. OpenAI enters 2,000 million dollars per month, is a ridiculous figure compared to all the money that burns. Furthermore, we must not lose sight of the fact that those who are investing the most in the company are the ones who later charge it for using its chips (NVIDIA) and its data centers (Amazon). This circular financing scheme has not gone unnoticed and It is very reminiscent of another bubble from a while ago. Despite everything, investors seem to still have faith in OpenAI’s business model. Refocusing. OpenAI receives this round of funding amid its efforts to reorient its business model. After 2025 in which They have shot at everything that movedit seems that they have finally realized that AI is not won through memes. One of the most forceful steps in its new direction is Sora’s closurebut also They prepare a super app and They plan to double their staff. The underlying reason is that Anthropic is eating their toast in a field that is less viralizable, but much more profitable: business clients. We will see if this new OpenAI can be profitable. Image | Own edition with background Unsplash In Xataka | Here’s a disturbing message for OpenAI investors: Sam Altman’s new priority is finding money

Spain awarded 20 million euros to Stellantis to create jobs in Galicia. Europe has prevented the money from being delivered

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20,660,434 euros. That was the aid that the Government of Spain granted in 2017 to PSA (now Stellantis after its merger with FCA) as “regional incentives for the correction of territorial economic imbalances.” Just two years later, the European Commission already doubted the appropriateness of this aid. Almost a decade after its delivery, Stellantis will have to return the money. 20.7 million euros. It was the money given by Mariano Rajoy’s Government in 2017 to the automobile conglomerate PSA. The company, then directed by Carlos Tavares, had been looking for money framed within the “Industrial Plan 2014-2020” in which funds from the European Union were available. The Spanish subsidiary of PSA, known as PCAE, requested aid of 392 million euros in 2014 to carry out the necessary actions to modernize the plant and launch a new model. The aid program was expanded, with another 100 million in subsequent years because PSA was going to produce a new vehicle platform and a new SUV car in Vigo. In 2017, shortly before Mariano Rajoy left Moncloa, the Government of Spain provided the aforementioned aid of 20.7 million euros since it corresponded to the maximum percentage allowed with respect to the investment that was planned to be used. many doubts. In 2019the European Commission was already beginning to doubt the legality or compatibility of this aid. In a document submitted thenquestioned whether the subsidies provided were meeting the criteria to create employment in the area. In said letter, PSA was already invited and the Government of Spain has explained the reason for this aid. In that document, the European Commission questioned whether the positive effects of the aid outweighed the negative ones and, therefore, that the decision to financially support the company with those more than 20 million euros was not economically doping its commitment to our country instead of taking production to the Trnava plant (Slovakia) with which Vigo competed. According to the European Commission, it believed that both plants were competing on equal terms and that the socioeconomic context of the Slovaks was no worse than that of Vigo. Furthermore, they pointed out that the defense that this aid helped preserve employment in Galicia in the face of a possible relocation to Morocco (a position defended by Spain) was not sufficient because PSA had already previously relocated other vehicles that were previously manufactured in Spain. Seven years of research. Already in 2020, Europe continued to defend that the Commission had its doubts “regarding the contribution of investment projects to the development of the region in question”, as they stated in elDiario.es. Then it was thought that the company’s true intention was to improve the factory facilities with the sole objective of improving the company’s competitiveness but that it had nothing to do with an improvement in innovation and local investments. There were even doubts about the compatibility of being able to deliver these aid to a company like PCAE (the Spanish subsidiary of PSA). One of the most compelling reasons presented by the European Commission is, as they point out in The Worldthe choice of the Vigo company to the detriment of the Slovaks. And it is considered that opting for a more economically developed region to receive aid contravenes the principles of cohesion of the European Union, which prevents the delivery of this type of subsidies. Case closed. Now, the Government of Spain has notified the European Commission that it is withdrawing the subsidy of 20.7 million euros. He has done it because he cannot prove its legality. As the money has not yet been delivered, the European Commission has closed the investigation, they explain in the Galician media. praza.gal. At this time, Spain has not been able to demonstrate that the number of jobs increased after the aid was granted nor that it represented an economic boost in the region. In fact, it was possible that the number of jobs could even be reduced, as they point out in Motorpassion. During this time, the money has not been delivered because it remained frozen with the European investigation. Now we know that Stellantis will not charge it. Photo | Stellantis In Xataka | The Stellantis factory in Figueruelas has been looking for a reconversion plan for years. You already have it: make Chinese electric cars

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