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Terrausrt’s collapse dragged $ 40,000 million and thousands of investors. Its creator has just confessed deception

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The South Korean who promised a financial revolution has ended up confessing a fraud of 40,000 million dollars. Do kwon, Terrausd and Luna creator, He declared himself guilty on August 12 in A Federal Court of New York for two positions: conspiracy to commit fraud of raw materials, values and electronic, and electronic fraud. The case exploded in 2022 with the collapse of its cryptocurrenciessold as stable. “What I did was wrong,” He admitted in Sala. As happened with Sam Bankman-Fried and FTX, the market digests the bill of an era of excesses. In his statement, Do Kwon acknowledged having cheated investors by not revealing the role of a trading firm in Terrausd’s recovery. It was part of an agreement with the Prosecutor’s Office of the Southern District of New York that plans to request a maximum penalty of 12 years if it assumes its responsibility. Reuters remembers that Kwon was extradited from Montenegro at the end of 2024 and faced nine positions, including values fraud, electronic fraud and conspiracy to whiten capitals. The admission came almost three years after the collapse of the project. H2: How the ‘PEG’ was manufactured and how it collapsed Unlike other stablcoins backed by real assets, Terrausd was based on an algorithm that interacts with Luna, its sister cryptocurrency. The system allowed to create or destroy tokens from one and the other to maintain parity with the dollar. When Terrausd fell from 1 dollarthey could be changed to the moon, which reduced the offer and, in theory, stabilized its value. All this happened within the call Terra protocolwhich executed these operations automatically. The model depended on the balance between supply, demand and market expectations. The first alarm signal came in May 2021, when Terrausd fell below the dollar. According to prosecutors, Do Kwon said that the system had worked as planned: the algorithm had automatically restored parity. But, as he has recognized now, that version omitted a key detail. Financial Times explains thatActually, Kwon turned to a specialized trading firm that bought millions in Terrausd to hold its price. It was a deliberate and hidden operation that, according to the accusation, allowed to maintain the illusion that the system was solid. A year after the first scare, the system did not endure. In May 2022, Terrausd lost parity again, this time irreversibly. The algorithmic mechanism collapsed: Moon’s mass creation, aimed at containing the fall, caused a spiral that The price of both tokens sank. The collapse devastated with about 40,000 million dollars in market value and affected thousands of retail and institutional investors. The loss of confidence was immediate. What was presented as a robust stablecoin became a symbol of the opposite. The civil aspect of the case was resolved in April 2024, When a federal jury declared To Do Kwon and Terraft Labs responsible for fraud in a lawsuit filed by the SEC. The civil order imposed a sanction of 80 million dollars and permanent disqualification and interdiction measures, including the prohibition of making transactions with cryptoactive. In addition, Terraft agreed to pay 4,550 million in civil resolution. The company had already accepted the bankruptcy process, which conditions payments and leaves part of the compensation. Kwon could spend up to 25 years in prisonbut if it complies with the prosecution, the effective sentence would be significantly lower. The agreement contemplates A maximum request of 12 yearsas long as you collaborate and recognize your guilt. Federal Judge Paul A. Engelmayer will issue a judgment on December 11, 2025. Reuters adds that The Prosecutor’s Office will not oppose Kwon requesting a transfer to another country after serving 50% of his conviction. In parallel, the authorities of South Korea maintain open charges that could be activated once their process ends in the United States. Thousands of people, from small savers to institutional funds, were trapped in the fall of Terrausd and Luna. Since then, Terraft Labs accepted the bankruptcy procedure in the United States, under chapter 11, and advances in the liquidation plan. According to Reutersthe estimate of payments to those affected ranges between 184.5 and 442.2 million dollars, and the exact recoverable amount remains in review. As they are highly volatile assets, the current value is much lower than that they had in 2022. Refunds, if they arrive, aim to be partial and late. Images | FAQX ™ We Mining it. (CC by 3.0) | Art Rachen | Joshua May In Xataka | The US believes that it has control of cryptocurrencies because it is the one that is the most mine. Actually China controls the hardware you are using

Bugatti decided not to put speakers in a car of four million euros. His secret is a technique of 1881

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Bugatti is giving baby steps in the electrification. Although in 2021 they joined Rimac, the company that manufactures the imposing RIMAC Neverait seems that a 100% electric bugatti It is far. Hybridization is another song and, in 2024, they launched the Tourbillona bestiality of 3.8 million euros in the cheaper and extrasty version. But the craziest is not its specifications, but a car of almost four million euros does not have speakers. It has something better, according to Bugatti: the entire interior is a speaker. And the secret is something called piezoelectricity. Tourbillon. As usual in a bugatti, its specifications They are a real madness. It has a total of 1,800 hp thanks to four engines: a 8.3 -liter V16, atmospheric 1,000 hp that works with three electric motors (two in front and one behind) that provide additional 800 hp. Result? From 0 to 100 km/h in two seconds, 300 in 10 seconds and a maximum speed of 445 km/h. It has a total weight of less than two tons, a T800 carbon monozygasco and is extremely exclusive. There are only 250 units that, together with their price, convert the Tourbillon into A collector’s object. And something curious is that the interior is a minimalist, with three great analog dials inspired by the High Watches and a notable absence of speakers. Dials, not screens Piezoelectricity. It is the name of an effect discovered in 1881 and is a property that has materials such as quartz to allow generating an electric charge when subject to mechanical pressure or tension. When an electric field is applied, they are also physically deform and it is something that can be used in several ways. It is what works Some lighters, watches either even renewable energies. And it is also what allows the Tourbillon not to have speakers because, in essence, the sound we hear is nothing more than a series of vibrations that are transmitted in the air. Mate Rimac, the peculiar CEO of the company, is something that has shown Top Gear in this video in which we can see a ‘naked’ tourbillon: A countercurrent. That the Tourbillon does not have traditional speakers stands out with what the brand did with the Chiron. In that, they presumed Tweeters (the speakers that transmit the acute) with Diamond membrane of a quilate, but in this they have removed them. Mate Rimac, current CEO of the brand, ensures that the Tourbillon has a sound quality “from another universe”, and what it does is use quartz piezoelectric crystals and other synthetic materials that vibrate in a controlled way when receiving an electrical signal. The aerospace carbon and the rest of the internal panels of the cabin act as large acoustic diaphragms. And the sum of all these elements is what makes the cabin generate a surround sound. The monocoque works like a speaker. Sound of other level It makes sense. That is: it does not have the cones, Woofersmagnets and coils that make up the traditional speakerswhich is a huge advantage when it comes to significantly reducing weight. In a hyper -sports, it is something crucial, and it is also something that allows you to free space inside. Structural insulation is also improved by not having to create holes of considerable size to embed the speakers and the deterioration factor suffered by the speakers themselves, which are isolated with rubber pieces so that they do not vibrate when the car is running. Although in cars that are more destined to the garage than to the road, it is not a problem too serious either. 100% bugatti. Turning the car into a speaker is unique. Mercedes already experienced changing the location of the speakers with The SL Roadster Frontbasscarrying the doors speakers to the holes of the feet, but still needing traditional speakers. In the case of Tourbillon, it is a change of philosophy and technology. Mate Rimac has stressed that this movement is 100% Rimac-Bugatti philosophy. “If we don’t do it, Who was going to do it?“Rimac says, who has seen how his Tourbillon becomes another example of the Ultraexclusivity of hypercoches And, in a world in which there are authentic beasts of the road, which is calling more attention is not so much that it is a hypercoche … as the car itself is a speaker. And in the interview he launches a couple of errands to Ferrari and Lamborghini. We will see if they respond. In Xataka | Luxury cars manufacturers already react to US tariff

In his efforts to retain Elon Musk, Tesla has found a formula to motivate him to follow as CEO: 29,000 million dollars

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Tesla has approved a New Actions Package For Elon Musk valued at approximately 29,000 million dollars According to the market value. The new remuneration plan to the CEO of Tesla has, as the sole objective of binding the chair of executive director, at least In the next two years. The measure arrives at a time when the company’s actions seem to have stabilized after successive political earthquakes caused by Musk, who have shaken the confidence of investors. This tense calm has led to Tesla seeking to ensure the permanence of Elon Musk in front, with a new temporary agreement that, as They stood out in Financial Timesmove away from conventional ones Bonds by objectives of the CEO Of the big companies and seems to be more an incentive for Musk to change their attitude and focus on their work in Tesla. 29,000 million in exchange for behaving well The new incentive package, valued in about 29,000 is, in reality, A temporary solution. The previous Musk remuneration bonus approved in 2018 for more than 56,000 million dollars was blocked up to twice by a delaware court before the complaint of a Tesla shareholder who He considered it excessive. The court He proved him. That is, Elon Musk would have been working since 2018 in exchange for a symbolic salary to which the law forces (about $ 56,000 a year, According to the accounts presented by Tesla) to which the CEO resigned, since it could not collect the incentive bonus it did. With this new remuneration package, Tesla seeks a way to compensate Musk for the work of the last seven years, while unlocking his previous compensation. If you finally unlock Your 2018 bonus, This package will be canceled and will only receive the 56,000 million dollars that he had already achieved. The package approved by Tesla gives Musk 96 million restricted shares that may be exercised with a fixed price of $ 23.34 per share, well below the current market prices that are around $ 300 per share. In order for Musk to receive these actions, he must continue playing a management role (not necessarily CEO, just manager) in Tesla up to at least 2027 and maintain blocked shares five years later to only sell what is necessary for taxes. The electric car manufacturer has defined the offer as a “first crucial step” for a “long -term compensation strategy for CEO”. Its plan is to design a more detailed remuneration plan and with a more long -term vision for Musk before the company’s shareholders board in November, to submit it to a vote. Attracts attention that, unlike what is usually common in Incentives to managersthis remuneration is not linked to the demand for greater dedication of Musk to solve the problems of Tesla or the achievement of certain challenges that the company has ahead, such as overcoming The fall in sales In good part of the world markets, the Robotaxi implantation autonomous or the development of Optimus robots. Tesla seems to conform to Elon Musk occupies CEO’s chair for the next two years, a rather lax demand taking into account that a few months ago investors claimed Musk to dedicate At least 40 hours per week to Tesla, considering that divides its time into other companies such as Spacex, Neuralink and XAI. Musk motivation and future A few months ago, before the judicial blockade of his 2018 bonus, Musk himself already stated that he can “lose motivation” if he is not compensated properly and dedicate Even less time To Tesla. Therefore, this millionaire package is key to having it focused on the company and preventing it from dispenseing in its other projects. As the Wall Street Journal remembered, Elon Musk said he wanted to have enough control Voting not to be “unseed by activist investors.” “It is not a matter of money. It is a reasonable control over the future of the company. Above all, if we are building millions, potentially billions, of humanoid robots. I can not sit wondering if the activists are going to throw me for political reasons. It would be unacceptable. That is the only thing that matters,” he said In an interview During the Catar Economic Forum in May. The main trick in Tesla’s manga is that Musk, in addition to its CEO, is also one of its main shareholders, controlling approximately 20% of its actions. That is some 194,000 million dollars of your personal fortune. Which is already in itself A good incentive. In Xataka | How much money Elon Musk has: how the fortune of the man who plans the colonization of Mars from a social network is distributed Image | Tesla, dvids (Trevor Cokley)

The strangest phenomenon of every summer is also an industry of 500 million euros: the “Mermaiding”

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The fever for ‘La Sernita’ that you lived in your childhood is nothing compared to the movement known as Mermaiding: a swimming style inspired by sirens and tritones and that is already trend, and it could almost be said that Lifestyle. Conventions, courses, exhibitions … There are people who live very happy without the lower extremities to replace them with a fish tail, even temporarily. And they have very convincing reasons. To move the tail. He Mermaiding It consists of swimming using a siren or triton tail, usually manufactured in silicone or synthetic fibers (and that can cost $ 5,000 in the most sophisticated cases), simulating the undulating movements characteristic of these creatures. It can be done in swimming pools or open waters, and its practice combines Swimming, apnea and some synchronized. In the last decade, the Mermaiding It has become In official sports Since 2019 in countries such as China and the United States, but we talk about it every summer for its quirky visual characteristics, which obviously include a fish tail. Mermaiding: A typology. There is Many variants and forms of practicing diminishing. Perhaps the most popular is the one oriented to the entertainment of profane in Sirenism. It provides the possibility of swimming experience with a siren or triton tail, and there are academies that are responsible for organizing Events to learn to do it. On the other side of the spectrum is the Mermaiding Deportivo: To officially practice it, specific courses are required with certifications such as SSI Mermaid either Padi Mermaidin which techniques such as the kick of dolphin, undulation and aquatic coordination are perfected. In a middle ground between them there is a variant of Mermaiding For shows, aquatic and thematic parks, hotels, as well as participations in spots, video clips and varied performances. It’s a use of Mermaiding More artistic and not oriented to competition. Mermaiding No: Sirenism. In Spain, mass conventions of sirens such as the Mermagic with that takes place every year in the United States, but for example, the Sirenas Mediterranean Academy It has been standing since 2014, giving courses and organizing private parties with sirens included. And there are organizations like Sirénida, a Professional Sirens and Triton Catalog Contractable for shows of all kinds. At the moment it is becoming, cursillo and of Cuqui Experiencein a more leisure option. Professional sirens. The Netflix documentary of 2023 ‘Sirena people’ details what the day -to -day life of these Sirenism professionals is. Because yes, it is not a handful of eccentric with silicone tail: in the United States it is a business with abundant ramifications in the entertainment world, with interventions in aquariums, musicals underwater and a long etcetera. The documentary shows parts of the job of mermaid as little glamorous as castings to work as a siren in a show, and you can see that it is completely legalized and normalized. According to the program, the Sireno world already moves 500 million dollars in the United States. Not so secret origins. From professional mermaid associations They certify that they have experienced an explosion of interest and an increase in applications in recent times, which link to the premiere of the Netflix documentary series. In it you can see those who were sirens in the park of Sirens Weeki Wachee, a theme park created by a royal sailor, Newton Perry, in 1947. In it there was a tiny scenario and a spring where the sirens made a show: the venerable precedents of the current sirens in aquariums and thematic shows. Illustrious predecessors for a business that comes out again. Header | Photo of Michael Hystead in Unspash In Xataka | 24 board games and agile and fun hobbies to play in summer anywhere

Zuckerberg is offering 1,000 million to take the best engineers. The problem is that they are rejecting it

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After being considered The cover of the AIGoal did not live up to expectations with The flame launch 4. So, in the Search for general artificial intelligence (AGI), Mark Zuckerberg He entered “Founder Mode”. Your great goal? Start winning another of the wars that I was losing: The attraction of talent. The ambition behind their Galactic offers believe A new upper class in Silicon Valley. Waiting to see results from his new Superintelligence team, of China majority, Zuck It has encountered a company where for the moment it has not been able to fish despite offers of up to 1,000 million dollars, According to Wired. It’s about Thinking Machines Labthe startup of Look Murati. So powerful gentleman is not a money. It is not yet known exactly what they are in in Thinking Machines Lab, but among its more than 50 employees there is a lot of talent, starting with Murati, one of the chatgpt mothers and head of OpenAi technology until less than a year ago. Goal has made offers to more than ten startup employees. And what offers. The Zuckerberg company has offered payments of between 50 and 100 million euros in the first year, with amounts ranging from 200 to 500 million dollars in four years, according to Wired. With an exception: an offer of 1,000 million in several years. And neither has a goal to attract talent: for now, employees are not accepting offers. The reason. Sam Altman came to affirm that Meta failed to take away talent because Openai employees believed that his company would be the best positioned for “Develop superintelligence“And” the company that is worth more. “According to Wired sources, which has led to Thinking Machines Lab to retain talent has to do with the leadership style of Alexandr Wangco -founder of Scale aiand that Zuckerberg has put in charge of the galactic team superintelligence labs. Despite their history, they mention their lack of experience (28 years) as one of the causes not to want to work under their command. That has not prevented the round of signings centered on OpenAi and Deepmind to be successful, despite having engineers from the same profile of the Murati team. Mark Chen, Cro, from Openai, told the respect that they felt that “Someone has sneaked into our house and stole something“. According to him Wall Street JournalChen would have been another of the AI geniuses to which Zuckerberg would have offered an offer on 1,000 million. Important, “for the moment”. In a market that does not stop moving, the deadlines are crucial and very changing decisions. Sam Altman He presumed That goal was not able to take any of its best employees despite offers of 100 million a year. However, a few days later, It was confirmed that with his irrigation of finishing money he had attracted: Bi Suchao (ex-openai. China): He was co-creator of the GPT-4o and O4-mini voice mode. Chang Huiwen (Ex-Openai. China): Co-Creator of the GPT-4O image generator. Before he worked in Google, where he created Maskit and Muse. Lin Ji (Ex-Openai. China): He worked on the creation of several language models, from GPT-4O to GPT-4.5. He also dealt with the reasoning of Operator. Ren Hongyu (ex-openai. China): He helped create several models and led the post-training team. Zhao Shengjia (Ex-Openai. China): He directed the synthetic data program and was key in the creation of Chatgpt. Yu Jiahui (ex-openai. China) led the perception team. Trapit Bansal (Ex-Openai. India): co-creator of several language models and pioneer of the combination between reinforced learning and ‘chain of thought’. It seems that Zuck Yes managed to leave several of the best, with a Chinese majority. You have to wait to see if the finishing CEO does not cause any ravage in Thinking Machines Lab. Ilya Sutskeveranother ancient heavyweight of OpenAi, a goal was not successful, even offering him Buy your startup for 32,000 million dollars. But the Meta team did Add to Daniel Grossyour adventure partner. In Apple they are falling. After fishing in Deepmind and Openai, goal pulled wallet with another Big Tech, Apple. Achievement take to Ruoming Pangfor 200 million dollars distributed in several years, an amount superior even to the one Tim Cook takes In a similar period. After this announcement, key for being Pang responsible for Apple’s models, Cupertino’s company lost two of the employees who worked for him: Mark Lee and Tom Gunter. Yesterday Bloomberg reported fourth big exit: Bowen Zhang. A plan that goes beyond talent. With the Metaverso as long -term betand with him Wall Street supportMark Zuckerberg goes with everything for AI. And everything is not just talent. He is so hurry to lead the AI who has done something unusual: Build a tent databasewaiting for it to be built ‘Hyperion‘, its mastodontic Data Center for the size of Manhattan. Feeding these megaconstructions need energy, a lot of energy. And goal too is launched for hereven betting on nuclear centrals that They were going to close soon. Image | Goal and Xataka In Xataka | The AI industry has become a kind of ‘game of thrones’. And that reveals a worrying truth for your future

We do not know if Bill Gates is the owner of this incredible supereyate for sale. What we do know is its price: 645 million dollars

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During the summer it is usual to see the richest 1% on the planet enjoy the sea and the sun aboard immense floating mansions in the form of supereyates that anchor near paradisiacal destinations such as Balearic coasts or the Caribbean islands. Bill Gates is not very given to boat walks, so It is not a regular of the covers of those supereyates. In fact, the founder of Microsoft has never recognized being the owner of one, as they have done Jeff Bezos, Mark ZuckerbergLarry Ellison and Even Amancio Ortega. However, that has not been an impediment to be attributed to the property of one of the most advanced and expensive supereies in the world: the Breakthroughthe first ecological supereate driven by a pile of hydrogen that now is put on sale for 645 million dollars. Bill Gates and a superyate that has never stepped on Since the Breakthrough He left the shipyard that manufacturer Feadship has near Amsterdam in October 2024, his name It has been linked To Bill Gates. That I tend into account that neither the millionaire nor the manufacturer have at any time confirmed his property, and the millionaire has never been seen walking through his covers, so there is no evidence that Bill Gates is really the owner of the owner of the Breakthrough. That said, it is easy to imagine the reason why it is linked to this floating palace with Microsoft’s founding millmillonarium. Its sale price less than a year ago was 645 million dollars, so the ship was limited to a few fortunes that could assume such cost, and its subsequent maintenance. On the other hand, Gates’s commitment to him Clean energy development and innovative projects could intuit that this innovative yacht could be one of the Sustainable initiatives of the tycoon. However, today, it is not possible to confirm that the Breakthrough Be one of Gates’ whims. Breakthrough The first driven by hydrogen Beyond its spectacular design and dimensions, the greatest challenge for Feadship was to develop the propulsion system of the Breakthrough. Instead of conventional diesel engineswho was known as PROJECT 821 It is based on a liquid hydrogen cell system stored at cryogenic temperatures below -253 degrees Celsius. This technology requires a lot of precision management and design to guarantee safety and efficiency due to high hydrogen volatility. The machine room stands out because, to accommodate the storage, conversion and hydrogen management systems, much more space is required than in conventional propulsion systems. The entire electrical system of the yacht, from the propulsion to the lighting and air conditioning of the ship, is feed on the electricity generated by this clean fuel, leaving water as the only residue. This type of system is a pioneer In the nautical sector and represents for many experts a real advance and a reference in terms of Innovation in maritime transportation. Jamie Edmiston, Executive Director of the Yates Management Company that has it for salehe said in a statement collectedby Fortune than the Breakthrough It is “the most extraordinary yacht ever built and the one that will change everything.” A floating palace in a sea of luxuries In addition to being the first to incorporate a quieter and more sustainable technology with the environment, the Breakthrough has not neglected the luxury and exuberance demanded by the users of this type of ships. This superyte It is 118.8 meters in length and 19 meters of manga (wide). It has 15 luxury cabins with capacity for up to 30 guests, and space to house the 44 crew that guarantee personalized attention 24 hours. According The published by Forbes Australiaamong its comforts are five covers on the flotation line and two more under it, communicated with an interior elevator that facilitates access. Another peculiarity is that from their helmet 14 balconies are displayed that leave a panoramic view from the cabins. The main cover on the bridge is basically an apartment with two bedrooms, two bathrooms, dressing rooms, private gym, pantry, two offices with chimney and living room. In addition, it is equipped with a complete hospital for medical emergencies, a library with selected collections, private cinema, pool and jacuzzi and fully equipped gym. The designers of the British Redman Whiteley Dixon study used a light neutral, marble, rattan, smoked eucalyptus wood and oak details to create a luxury atmosphere and exclusivity. All for the modest price of 645 million dollars. In Xataka | We already knew that superyates were floating mansions: that of Roman Abramovich is a fortress with antimile shield Image | Feadship, EdmininstonWikimedia Commons (Jennifer Jacquemart)

will invest 30,000 million euros in data centers for AI

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Europe cannot lose the train of the artificial intelligence (AI). You can’t afford it. This technology already has a very deep impact on the economy, scientific and technological capacity, and the military development of a country, and currently USA and China lead with forcefulness In this area. So far Europe seemed to settle for the wake of the two great powers they are disputing world supremacybut its strategy is about to change. And is that according to CNBC The European Union plans to invest 10,000 million euros in the construction of thirteen data centers for AI, as well as 20,000 million euros in a network of “Gigavatio Class” facilities. These latest data centers are the largest and most ambitious, and their denomination indicates that by their size they consume a lot of electricity. In fact, a gigavatio is equivalent to one billion watts, and a small city can consume this amount of energy. At the moment sixteen European countries have been interested in receiving these facilities, and, According to CNBCthe first of these large data centers will reside in Munich (Germany). Each Gigavatio class installation will cost between 3,000 and 5,000 million euros, and will bring together no less than 100,000 avant -garde gpu for AI (they will be possibly chips NVIDIA H100). All this paints very well, but raises a doubt that we cannot ignore: it is not clear how the countries involved in this plan will resolve the supply of electricity to These demanding facilities. It will cost Europe a lot to follow the rhythm of the US and China The US government led by Donald Trump is determined to lead in the field of the cost of what costs. And in principle this initiative, baptized by the new administration as ‘Stargate project’will cost 500,000 million dollars. This money will leave the coffers of the Japanese investment group SoftBank; of those of OpenAI, the creators of Chatgpt; of those of Oracle, and, finally, it will also be provided by the investment firm Emiraratí MGX. These companies will support the construction during the next four years of an advanced network of data centers that will house the high performance computing infrastructure necessary to sustain US leadership in the AI field. The spearhead of these facilities It is already being built in Texas (USA), in a town called Abilene. And it is colossal. In fact, this first data center of the ‘Stargate’ project will bring together, According to OpenAimore than two million chips for ia. The ‘Stargate’ infrastructure should be fully ready before President Trump’s current mandate expires When the US government announced to Bombo y S pay this plan left a great question open: how did he plan to solve the supply of electricity required by the new facilities? Large data centers for AI consume a lot of electricity, which has caused Some technology have opted for investing in nuclear centrals to guarantee the supply of electricity that these facilities require. At the moment this question is not completely resolved. And it is not because the ‘Stargate’ infrastructure should be completely ready before President Trump’s current mandate expires, and a new nuclear power plant can hardly come into operation in four years. Even so, Openai and Oracle They have officialized that have reached an agreement to build the necessary infrastructure to Deliver additional 4.5 GW to your data centers. Interestingly, SoftBank does not participate in the financing of this expansion, although, as I mentioned a few lines above, it does in the ‘Stargate’ project. Anyway, in this equation there is another unknown that also has a lot to say: China. “We hope that China significantly increase its investments in AI and semiconductors in response to the US domain in AI,” CBM consultancy analysts foresee. It makes sense. These two great powers are being disputed world supremacy, so it is understandable that each significant step that give one of the two Receive a more or less overwhelming answer from the other. We can be sure that 2025 will be a year even more agitated than 2024 in the geopolitical and technological fields, so we will be attentive to the steps that US and China will surely give. And Europe. Also Europe. Image | Christina Morillo More information | CNBC In Xataka | Huawei attacks Nvidia positions in China: he wants to have dominant hardware in inference processes in AI

Europe has promised to spend 250,000 million dollars in US energy. The problem is that the USA surely does not have it

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On the facade of the Turnberry golf course, between the Scottish Greens and the handshakes of hand, Europe and the United States They avoided a commercial war with an agreement that has been received with relief, but with considerable skepticism. As a headline, diplomatic victory sounds, but energy reality hides much greater complexity. The tariff pact. Donald Trump described the agreement as “the greatest of all”, announcing it from his Scottish resort. For his part, Ursula von der Leyen stressed that they had avoided reaching 30 %tariffs, which Washington had threatened to impose if an agreement was not reached before August 1. The agreement establishes a 15% tariff On European exports to the United States, accompanied by investment and import commitments that seek to “rebalance” a historically asymmetric commercial relationship. However, among the headlines a figure stands out: 250,000 million dollars annually in European Liquefied Natural Gas Purchases (LNG), Petroleum, coal and even US nuclear fuel. And there begins the problem. Does the United States have the capacity? The answer, As the journalist Clyde Russell has analyzed in ReutersIt is a clear “no.” In 2024, the total value of the United States energy exports to the European Union – including raw, gas, coal and refined products – was approximately 65,000 million dollars. To reach 250,000 million promised, they should quadruple. Even if Europe bought 100 % of US exports of crude oil, gas and coal – and no other country received a single drop of American energy – it would continue to be well below the objective. Russell He has described it As “an illusion”, comparable to the failed “phase 1” agreement between Trump and China in 2019, when energy purchases of 200,000 million were promised that were never fulfilled. So what is motivation? The explanation is more in politics than in logistics. The EU has preferred to avoid an escalation that threatened to paralyze its industrial exports, especially in sensitive sectors such as motor, pharmaceutical or semiconductors. As Columnist Pierre Briançon has explained in Reutersit is a “chapter disguised as success.” The new 15 % tariff multiplies by ten the previous average (1.6 %) and is not accompanied by equivalent tariff concessions by the US, beyond some specific sectors such as aviation or certain chemicals. Meanwhile, the European bloc also promises an additional 600,000 million dollars in direct investment in the United States during Trump’s mandate, including armament purchases. All this in a context of increasing tension by war in Ukraine, the dependence of NATO and American pressure on European technological regulations. From Moscow to Texas. One of the key justifications presented by Von der Leyen is that this energy turn reinforces European independence with respect to Russia. As pointed out in The Telegraphimporting US gas and oil will allow the continent “to free itself from Russian energy blackmail.” However, As several diplomats cited by Financial Times have pointed outThis also means a deeper dependence on an unpredictable and volatile trade partner. “Trump knows exactly where our pain threshold is,” an ambassador confessed to the British newspaper. In fact, it is not the first time that Trump threat directly to the EU with punitive tariffs if there are no immediate concessions. In addition, the London medium has detailed That the EU had a retaliation package worth 93,000 million euros, but was never activated due to lack of internal consensus. Germany, Ireland and Italy pressed to soften measures and protect national interests. Brussels’s “commercial bazuca” never shot. A word flies over: renewable. This energy turn also puts the European ecological transition under pressure. The pact does not mention concrete commitments in renewables, and on the contrary, Trump took advantage of the summit to load against wind energy, describing it as “the most expensive energy form” and a “scam”, As the Telegraph has collected. This raises a contradiction: while Brussels promotes projects such as Invest ai To create chips gigafactories and boost green digitalization, at the same time compromises astronomical sums on fossil fuels. A dissonance that, As the expert Mujtaba Rahman recalled in statements to Nyt“It reflects European concern for other geopolitical scenarios rather than for energy coherence.” Are they winning time? To ask ourselves, this is the first thing that comes to mind: it seems that Europe has bought time. Time to avoid immediate reprisals, to keep Trump moderately satisfied, and for the next administration – be it or not – redesign the rules of the game. A strategy that reminds the “Run the Clock” with which China sailed the 2019 trade war. Meanwhile, neither 250,000 million exist, neither gas flows yet, nor are the details closed. As The journalist Tim Wallace has summarized: “What seems like a tactical victory today, tomorrow can reveal its strategic cost.” Image | Unspash Xataka | The US has come to threaten Apple to manufacture the iPhone in the country. Your answer: spend 500 million in magnets

It is one of the ugliest ferraris and cannot be driven either on street or circuit. And yet it is worth more than one million dollars

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From the Ferrari factory in Maranello some of the most beautiful cars in history have come out. Jewelry like him Ferrari 250 Gto, Rome, Laferrari or the Ferrari Daytona SP3 are some examples of the good taste and exquisiteness that cars bend with the shield of “Il Cavallino Rampante“ However, there are others that, let’s say, that you have to get used to looking at them. This is the case of Ferrari F150 Muletto M4, a prototype that, directly, we can consider as the ugliest car of the brand. One so ugly, which does not even allow you to circulate on public roads or roll in circuits. Ferrari engineers went their hand Such and as they tell in Luxury launches The F150 did not come out of the pencils of no official designer of the brand (at least not one that had the design title), but is a mule: a prototype of tests in which engineers prove and develop the Future brands of the brand. The F150 Muletto M4 was born with a purely functional purpose that was based on the chassis of a Ferrari 458 Italia, adapted to test the New hybrid V12 engines that Ferrari developed at the beginning of the 2010 to boost the future Laferrari. Internal level, Laferrari’s project was known as F150, and hence, being the mule of its engine, this Begindro Prototype received the name of F150 Muletto, in its fourth development. Computer simulations help for much of the development, but when it comes to refining mechanics, it is necessary to touch asphalt. That forced Ferrari’s engineers to put that engine on wheels and take it out in these mules to shoot through the private circuit of Fioran, away from the curious looks. This is how this car, although in appearance, was the protagonist of hundreds of kilometers of trials in secret. The Ferrari engineers approach to this prototype was absolutely practical and, as it is obvious, Aesthetics It was in the background. Rivets throughout the body, a nose that fights against the laws of physics (and good taste) exhaust pipes that stand out from the body and removable panels covering the engine so that engineers could more comfortably access the new propeller to apply changes are the explanation of its disastrous design. Ferrari finished the first phase of Laferrari motor tests between May 2011 and December 2012, so, with the main completed developments, the prototype ceased to be useful. Ferrari thought that instead of discarding it Without further ado it would be a good idea to offer it as rarity to the most faithful fans of the brand. He did it with a single condition: they could never be homologated, so this car could never step on the street Not a public circuit. It is, therefore, a whim for engineering and history enthusiasts. A AUCTION FOR INSOLITO PRICE The F150 Muletto M4 still maintains the original version of that V12 hybrid engine capable of delivering 789 hp, compared to the 963 hp of the final version that ended up promoting the Laferrari de Production. This peculiarity is precisely what gives its historical and experimental value to the prototype, being a key piece in the development of the Ferrari hybrid range. Now, the RM Sotheby’s auction portal will present it On a bid on August 15, testing the fervor of Ferrari collectors for the unique pieces, regardless of their real functionality or appearance … controversial. At least on this occasion, we can say that real beauty is inside. In Xataka | Ferrari had been demanding a toy company for 10 years. Everything for Testarossa to be a car and not a bicycle Image | RM Sotherby’s

Google is leaving an absurd million

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Alphabet has returned to Overcome Wall Street expectations In its last quarter, with revenues of 96.4 billion dollars (14% more that the previous year) and a benefit per share of 2.31 dollars. However, like income they have risen, investment in AI as well. The company raised its investment forecast In infrastructure for this year to 85,000 million dollars, 10,000 million more than expected. An infrastructure that will well be worth not to be left behind in the AI career. The impossible dilemma. Google is now before a paradox that can well define what happens in Big Tech: to maintain their future domain in artificial intelligence they must sacrifice much of their current profitability. It is a career in which to fall behind can mean the death of the company. A rhythm that only those that have plenty of financial muscle can participate, since it supposes burn mountains of money without guarantees of an immediate return. The numbers that import. Google Cloud was the great protagonist of the quarter, with a growth of 32% which far exceeds the forecasts of 26.5%. This impulse has led the company to increase its investments dramatically. Together with the rest of great technology, Alphabet is part of a group that will invest More than 320,000 million dollars in AI capabilities this year. To put it in perspective: the 85,000 million that Google will spend equal to the complete GDP of countries such as Croatia or Uruguay. The real threat. The pressure in this race is constant for companies that want to continue up, and Google has a problem that will cost you a lot to get rid of: OpenAi. And is that chatgpt already process between 15% and 20% of the daily consultation volume that Google Search handles. This makes Openai an unquestionably superior threat of what Bing was never. The search engine, which generates more than half of Alphabet’s income and three quarters of its benefits, is losing ground in the face of consultations by generative. A lot of investment in AI, without guarantees. Google’s response has been aggressive, and The last Google I/O It was key to understanding everything for which the company is betting on AI. In just two months, his Ai mode reached 100 million monthly active users, while Gemini It already exceeds 450 million. However, these figures, a priori fantastic for the company, are still a reflection of Google’s great commitment to AI, a bet that nothing guarantees them to the rest of sharks that pursue the same goal. And now what. The company has already advanced that infrastructure spending will continue to grow in 2026. Investors, for the moment, seem willing to tolerate this financial bleeding, but their patience is not eternal either. What is clear is that Google does not want to be left behind, and will do everything in your hand to continue dominating. Cover image | Adarsh Chauhan In Xataka | Google continues to redesign its search engine with AI. Your new function speaks by phone with business in your name

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