money

Europe will invest a lot of money in countries as far away as Uzbekistan or Kyrgyzstan. The reason: rare earths

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Surely it went unnoticed by the vast majority of the planet Between tariffs and war conflicts. Kazakhstan announced last week the discovery of his Greater rare earth sitewith an initial estimate of one million tons of key elements such as Cerio, Lantano, Neodimio and Ititrio, all fundamental for the global energy transition … or to begin a new arms era. And now the news that did reach more people: the EU will invest a fortune in Five Central Asian countries. The official reason? Strive ties. The truth? The track is one of the five countries: Kazakhstan. The news. In full escalation of commercial tensions with the United States, the European Union surprisingly announced an investment of 12,000 million euros in Central Asia during its first summit with the five countries of the region (Kazakhstan, Uzbekistan, Kyrgyzista, Tayikistan and Turkmenistan). The president of the European Commission, Ursula von der Leyen, stressed that these funds will go to key sectors as transport, clean energy, connectivity and sustainable development of strategic natural resources. Tariffs and foreign trade. In a context marked by the new 20 % tariffs imposed by Washington to European imports, von der Leyen stressed that the EU seeks to offer A reliable alternative Faced with powers such as Russia and China, betting on egalitarian associations and investment in local capacities. In addition, the common commitment to the Territorial sovereignty and peace in Ukraine, condemning the Russian aggression and reinforcing the message that respect for international law will be a cornerstone of this new strategic association. The EU, which already represents 22.6 % of foreign trade And more than 40 % of foreign direct investment in Central Asia, seeks with this summit to consolidate its regional influence and open new trade routes that avoid Russian territory, such as the Transcaspiano corridorKey to reduce the Eastern Energy and Geopolitical Dependence. A key region. Behind good words are not only sustainable development and regional cooperation, but a critical geoeconomic priority: ensure the supply of essential minerals For the European green transition, the strengthening of its industrial base and the development of its defense capacities, all in a context of growing global tension and structural dependence of China and Russia. Strategic minerals. The urgency of this strategic turn was evidenced after the recognition of a disturbing vulnerability: in 2023, 94 % of imports European rare earth came from China, Malaysia and Russia. In addition, China controls the 60 % of world production of critical minerals and 85 % of its processing, while strengthening its own green industry. This concentration of power, added to political proximity between Beijing and Moscow, has led to worrying episodes, such as Chinese restriction to Antimony exporta key mineral in military technologies such as precision optics and night viewers. Abundance, but with limitations. In this panorama, Central Asia emerges as a realistic and attractive alternative. Kazakhstan currently produces 19 of the 34 minerals critics defined by the EU and could expand this figure 21 in the short term After the announcement of last week. Uzbekistan, meanwhile, is the fifth major supplier Uranium World and has important reserves of gold, silver, titanium and molybdenum. The region also has lithium, silicon and tungsten, fundamental for batteries, solar panels and electronic defense systems. However, much of these resources are trapped in a poorly developed mining sector, lacking modern infrastructure and technological capabilities for sustainable extraction. There, a priori, money would be destined. The European strategy. They counted on DW That, in the face of the geoeconomic competence of China and Russia, Brussels seeks to differentiate offering cooperation models based on industrial associations and mixed companies with local actors, favoring direct foreign investment, regional business growth and progressive industrialization. This approach is especially attractive to Central Asian leaders, who see in it a way to diversify their economies, reduce dependence from Moscow and gain greater strategic autonomy. The cornerstone of this approach would be the Gateway Global Initiativethe ambitious European project of 300,000 million euros conceived as an alternative to the New Silk Route China. The transcaspian corridor and a promise. A crucial component of the European Plan is the development of the Transpian International Transport Route (Titr), that logistics corridor that would unite China and Europe through Central Asia and the Caspian Sea, reducing traffic times to 15 days and avoiding the step by the Suez Canal or Russian territory. The problem? The dimension of investment. The implementation of this corridor requires an estimated amount of 18.5 billion euros In infrastructure, of which more than half have already been mobilized by the EU through an investment forum with support from its member states, the private sector, and institutions such as the European Investment Bank and the BERD. To get an idea, the Expert Samuel Vestterbye That this route could multiply container traffic from the current 100,000 to 800,000, with a transformative economic impact for both regions. The Russian “friend.” No doubt, the European turn also has a clear geopolitical dimension: stop use which makes Russia of Central Asian countries for avoid sanctions Western imposed after the invasion of Ukraine. The European diplomat Kaja Kallas was explicit in that sense when warning in Asjabad that Russian companies should not use the region as commercial escape route. In this context, the EU needs to balance a incentive and pressures policy: Offer real economic development through infrastructure and commerce, while demanding cooperation in compliance with the western sanctioning regime. Something like the “carrot and stick” approach that analysts see as an opportunity to consolidate strategic relationships that transcend the economic. Challenges and Emergency. Despite the advances, the European strategy has notable challenges before him. Experts Like Marie Dumoulinof the European Council on Foreign Relations, warn that the concrete projects of the Global Gateway take to materialize and lack visibility in the region, which could weaken the EU’s ability to compete with Chinese or Russian offers. In other words, that what is said is credible Brussels must Accelerate implementation of infrastructure works, show tangible results and … Read more

money to receive, since when you can ask and how to request it

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The Moves III Plan has been renewed. This was confirmed by Sara Aagesen, Minister for Ecological Transition and Demographic Challenge, on April 1, 2025. A project that had been talking for months but was arrested from Su fall in mid -January for being part of a controversial Omnibus decree. He MOVES III PLAN It receives an extension that will last all the year 2025 or the time they take to run out of 400 million euros extra that the Government will dedicate to the expansion of the electric car applying direct aid to its purchase. We go on to explain all the details to take into account if you planned to buy an electric car or if you have done it throughout this year 2025. Why does an electric car have less autonomy than the announcing All the details of the expansion of the Moves III Plan The first thing to be clear about is that the expansion of the Moves III Plan is simply an extension. This is important since the amount of the aid that was so far is maintained and, although some structural changes have been announced, the procedure to request aid is expected to be the same. With this new game dedicated to the Moves III Plan, the State has other 400 million euros which will distribute autonomous communities based on requests recorded by the purchase of new electric cars. This is key since promise is breached To directly discount the money from the subsidy at the time of purchase, a modification that needs a completely new Moves plan. What vehicles enter the Moves III Plan? With this extension, the Moves III Plan maintains the bases on which the project was supported. That is, they will receive the aid to the purchase all cars that cost less than 45,000 euros (before the application of VAT) and are electric, plug -in hybrids or are moved by hydrogen battery. The aid is available for all purchases that are made from today, April 2, 2025 to December 31, 2025 or the exhaustion of the 400 million euros that have been reserved for the fund. Is the Moves III Plan retroactive? Yes, the Government has announced that buyers of an eligible car in the Moves III Plan that have already signed the transaction in what we have been for the year can request the corresponding aid. That is, if the purchase was made after January 1, 2025, the customer can request that the subsidy to the purchase be given whenever the car costs less than 45,000 euros (before the application of VAT) and is plug -in hybrid, electric or is moved by hydrogen battery. How much money is delivered with the Moves III Plan? As you can see in the superior image, the amount of the amount changes depending on the bought car and if a vehicle with more than seven years of seniority is snorted. Tourisms, that is, the cars we buy to use with a border bbel B, are those corresponding to category M1. Therefore, the aids that are delivered are the following: Electric and electrical car of extended autonomy (more than 90 kilometers of electric autonomy): 4,500 euros of minimum aid and 7,000 euros of help if a vehicle with more than seven years of seniority is accused. Plug -in hybrid (between 30 and 90 kilometers of electrical autonomy: 2,500 euros of minimal aid and 5,000 euros if a vehicle with more than seven years old is accused. Fuel battery (without minimal autonomy): 4,500 euros of minimum aid and 7,000 euros of help if a vehicle is accused more than seven years old. To all the previous prices we must add another 1,000 euros that the concessionaire must reflect at the time of purchase. It is also important to add that the amount increases by 10% in the event that the car is dedicated to use as a taxi, the applicant suffers from reduced or living mobility in a town with less than 5,000 inhabitants. How do I request the Moves III Plan On the announcement of the extension, the government has confirmed that it has worked on the bureaucratic procedures but it has not been specified that the applicant has to carry out any procedure that did not have to do before. Help is managed through autonomous communities. Each of them has a different procedure. In most places you can manage it through the concessionaire in which the purchase has been made and they will tell you what papers you must deliver and do the whole bureaucracy. However, in some regions the buyer is obliged to realize the procedure. In that case, the most common required documents are as follows: Copy of the budget or vehicle order sheet Copy of the NIF/DNI of the aid applicant In the case of self -employed professionals, high certificate in the Census of Entrepreneurs, Professionals and Retainers. Declaration responsible for being aware of tax obligations with social security Responsible statement that other similar aid is not available or under the minimis regime in the last 3 years. Certificate of registration in which it is stated that the requesting person resides in the CC.AA. where he requests the aid In the event that the requesting person has any disability or belongs to the taxi or VTC sector, a certificate is requested that proves that condition. Once as requested by the Autonomous Community and registered the petition, the Ministry of Industry will request the following documentation: Copy of the vehicle’s sale bill. This invoice must be after April 9, 2021 (date on which Moves III was activated) and the discount of at least 1,000 euros that the concessionaire must do. Justifying document of the payment of that invoice. Copy of the technical tab of the acquired vehicle. Copy of the circulation permit of the acquired vehicle or photocopy of the provisional circulation permit issued by DGT. Bank account number to enter the subsidy. Yes we a vehicle stolen The following will … Read more

The Xiaomi Su7 factory in China has become a tourist attraction. And there are those who pay a money to see it

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He Xiaomi Su7 It appeared on December 28, 2023. It was not a joke, much less. Months later we saw an even more capable version, the Su7 ultraand almost for the anniversary, Xiaomi presented the SUV model: the Xiaomi Yu7. In less than three years, Xiaomi got his ambitious electric car will pass from the design table to the streetsand has achieved it thanks to a good strategy and a futuristic factory that is so successful that has become a tourist phenomenon. So much that in China they are reluctant in tickets at higher prices than those who would be paid to enter Disneyland. Success. The Xiaomi Su7 is to study it. It seemed crazy, but in less than a year, Xiaomi managed to sell 200,000 units and estimated to sell 300,000 this 2025. However, They had to update their forecasts because the new forecasts pointed more at 350,000 units. Its car division already represents 10% of the company’s income and hopes to start selling them outside China Facing 2027. The factory. There is a huge investment behind to start something like that in such a short time, and much of the ‘guilt’ is the factory. It is estimated that a car occurs every 76 seconds, or 40 cars per hour, within the Xiaomi EV Factory of Yizhuang, and that is thanks to a very high degree of automation: 91%, according to estimates. The plant has 700 robots performing processes of creating molds, assembly of parts, welding, paint and different quality verification processes that are responsible for guaranteeing the good condition of welding by points, of rivets and adhesives. Using tools with artificial intelligence and scanners, the correct installation of critical pieces and components such as batteries is controlled, as well as the structural integrity of the pieces. There are humans. Beyond the manufacturing plant, there is a circuit of 2.5 kilometers in which vehicles undergo tests, but also different stations to ensure the performance of parts such as brakes, address or damping. And yes, there is human supervision (about 100 people), but in the end it is a highly automated process, such as the one we see in brand factories like Tesla. Visits. Something very positive for the brand is that it has managed to generate a strong feeling of community among its users due to the huge product ecosystem (especially in China). And that visits to the plant are organized is an ideal opportunity for brand fans, to technology or automotive to take a look at the manufacturing process. It is a strategy to strengthen their relationship with consumers, also a promotion tool, so that visitors see all those automatisms in action. There are exclusive products, visitors can take something in the plant’s dining room and the visit is divided into two parts: 40 minutes where the plant is presented, technology, SU7 design and talk about that automated production. 20 minutes Finals in which the production line is explored to see all the robots in action. In addition, as they point out from Ithomethere is only one session on working days and five on weekends and holidays, so the opportunity is further limited. Apart from the robotic arms, there is an army of “electric corabos” robots Resale. Now, it is a factory, not a museum, so the visits are very controlled. It is done in groups of 20 people and thousands of people have signed up. It has become a highly demanded destination that is not only managing to compete against traditional options, but has promoted a resale market of tickets with madness prices. As they point from Motorpasionthis resale leads to a black market in which prices reach 2,000 yuan, which would become about 280 euros. That per person and for an experience of, as we say, one hour. You can always wait for an entrance to touch you, but it is already a process that compare With that you touch the lottery because there are tens of thousands of applications and, as we see, the visits are very small. And second hand. It is clear that there are those who see commercial opportunities anywhere, but the tickets for the Xiaomi EV Factory is not with the only thing that is played in the market. Although SU7 production is high, it seems that it is not enough to meet demand, so there is a generous waiting list. And there are those who are selling them as soon as they receive them. Units with just 10 or 20 kilometers are sold by about 15,000 euros above of the sale price. It is something that we have already seen other times (As in 2022 with Tesla) And it is a way of who has many, eager to skip your waiting tail (and have the money), can do it. The truth is that the Xiaomi EV Factory looks impressive, but we can only see it in videos like the one we leave on these lines. At least until Xiaomi is encouraged to remove their cars outside the Chinese borders and open plants through Europe, something that Other Chinese manufacturers are doing. Images | Xiaomi In Xataka | Family and friends keep asking me if “it is worth buying a Chinese car.” This is my answer

Openai is about to be worth as much as Coca-Cola even though it is still a money losing machine. The reason: SoftBank

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Openai is about to close a gigantic financing round led by SoftBank that will double its assessment as reported Bloomberg. This new round will coincide with a non-tan-positive scenario for the company: that of increasing doubts about the rhythm of real progress of generative AI. The panoramic. The startup is finalizing a financing round of 40,000 million dollars led by SoftBankwhich will raise its value to 300,000 million. This assessment would place Openai in the select club of the most valuable companies in the world, drawing with a whole Coca-Cola, and getting closer to others such as Netflix or Tesla. The context. The investment is structured in two phases: An initial of 10,000 million (7.5 billion softbank and 2.5 billion of other investors). A second of 30,000 million scheduled for this year. Among the investors that accompany SoftBank are the Magnetar Capital Fund, which could contribute up to 1,000 million, in addition to Coatue Management, Founders Fund and Altimeter Capital Management. This round almost doubles the assessment achieved in October 2024, when OpenAI captured 6,600 million led by Thrive Capital at an assessment of 157,000 million. Between the lines. This spectacular increase in value could be interpreted as an attempt to maintain the perception of exponential growth at a time when the generative AI seems to have reached some plateau in its practical development. And now what. OpenAI must demonstrate that it can transform its technological leadership into a sustainable business model that justifies this astronomical assessment. And Altman will have to overcome the sandwich made by his investors (demanding returns) and the infrastructure (which requires continuous capital). After the initial euphoria with the generative AI, with the arrival of Chatgpt in the late 2022 as a clear turning point, we are going to a somewhat more selective phase in which only market leaders will continue to capture large amounts of money. In Xataka | The new OpenAi image generator takes a 180º turn in a section that we did not see coming: censorship Outstanding image | Mariia Shalabaieva in Unspash

Samsung is losing money with its exynos processors. No one knows what your shock plan will be

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Samsung Electronics has a problem with its LSI division (Large Scale Integration) System. This, in charge of the design and development of chip and semiconductor solutions, is the one behind the processors, sensors and circuits integrated in the different Samsung devices. Not only is it responsible for manufacturing Exynosit is also the one behind the image sensors ISOCEL or the company’s modems 5g. According to Korean sourcesSamsung is considering integral reorganization to save the situation of this division, currently in an unwanted economic situation. The company has denied everything. Despite this, there is something undeniable: We do not know what will happen to exynos processors in high -end modelsand the exynos 2600 will be one of the keys to the future of this division. The exynos division is losing money The System LSI division has registered Estimated losses in 1 billion Wones in 2024a result that is partly attributed to the inability to integrate the processor Exynos 2500 in the Galaxy S25 series. This model ended up reaching the market with Qualcomm processor, after the desired performance in its own processor was not achieved. Kwon Hyung-Man, General Director of the System LSI Division, acknowledged in February that The performance of the business unit will remain slow Due to the loss of launching this chip for the Galaxy S25 series. To face the crisis, there are those who propose that the company would unite the chips manufacturing units with the manufacturing of mobile phones. Having both the design of smartphones and the chips under the same roof, a door opens to improve the efficiency and integration of the components. A challenge, since this integration could negatively affect the financial performance of this last division. Although Korean sources point in this direction, Samsung Electronics has denied that (for the moment), this reorganization will become effective. The future of exynos 2600 The success or failure of the next generation of processors, The exynos 2600 could be decisive for the future of the LSI division. Currently, the company is focused on the development of this chip using the process SF2 (2 nanometers), hoping to reverse the current situation. Recently, the initial stage of exynos 2600 has been completed, which marks an important milestone in the manufacturing process, since it implies the transition from production to production. Samsung faces a huge challenge. Qualcomm is in one of the best moments in its history, with a 8 elite that has shown unprecedented performance, Mediatek planting And, for the first time in many years, at the height of its direct rivals, and an Apple that remains one of the fundamental pieces at the time of mark the way in chips yield. Internal coordination and efficiency in the development of the next Exynos 2600 chip will be key to recovering profitability in this division. The final decision on the reorganization of the System LSI division and the future of Exynos could have a significant impact on the company’s strategy in the coming years. Image | Xataka In Xataka | Samsung Galaxy A56, first impressions: the candidate for king of the mid -range repeats formula and adds a new ingredient

If the question is how much money it exists in the world per person, this graphic developer has the answer

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Imagine there was a form of distribute all money in cash of the world equitably between Each inhabitant of the planet. Thus, a Wisconsin farmer would have the same cash That a potter in New Delhi, a goat shepherd in Namibia or a dentist in Sydney. How much money You think it would correspond to each inhabitant? The short answer: everyone could Buy a Sandero Dacia. The world money supply is not the same as world wealth The modern economic system encompasses many financial and monetary elements that define the term of wealth. So one of the ways in which the exercise of imagination distribution of wealth that would allow mitigating world poverty can be distribute all money in cash that exists in monetary markets around the world. This “cash” money is known as M2 Prenss supply And it is an intermediate monetary aggregate that includes money in circulation from around the world and certain bank deposits with high liquidity and with a period of up to 2 years, savings and money market accounts, as well as deposits with availability with notice of up to three months. In other words, the monetary supply M2 is all that money you could have in your pocket in a relatively immediate way. The concept of monetary supply m2 differs from the Global wealth or heritage in which this includes assets and real estate properties or mercantile that, although they can have a lot of value, are not easily redeemable for Count and sound money. According to data collected by CEICM2’s money supply amounts to 123.3 billion (Europeans) of dollars In 2024. That is, joining all the effective of all the economies of the world, we would add that money. According to the report ‘Global Wealth Report 2024‘Prepared by UBS, the world’s private net richness in 2024 was encrypted in 487.9 billion dollars in total. To help us see that information in a more graphic way, in Visualcapitalist have created an infographic in which the M2 MONITORY OFFER DATA obtained by CEIC, and divides between the world population data registered by the United Nations Department of Economic and Social Affairs. Distributing all world cash As we said, the world M2 money supply registered by the CEIC economic body in 2024 is 123,313 billion dollars (with the Anglo -Saxon system they would be trillion), while the data of the world population in 2024 reveal that we are currently 8,161,973,000 inhabitants In this little blue marble that we call planet Earth. The result of the equitable cast is that, each inhabitant of the planet would correspond 15,108 dollars Or, what is the same, about 13,944.28 euros to change. According to the Virtualcapitalist calculationsthat would be equivalent to the expenditure generated by the list of the purchase of an average home for two years, a second -hand car, or also reaches to buy a Sandero dacia. Without extras, yes. Spain is better for accounts If we repeat the same exercise, but circumscribing the data to the scope of Spain, the amount that each Spaniard would receive would be somewhat higher. According to CEIC’s records for Spain in December 2024the supply of monetary m2 available was 1,647,611,114 million dollars (or 1,648 billion dollars). On the other hand, the data of INE population count January 2025 left a total of 49,077,984 inhabitants in Spain. That lets us, by distributing the total of the money supply among the inhabitants of Spain, each would receive 33,571.29 dollars or some 30,967.97 euros to change. In Xataka | How much money you need to be among the richest 1% in Spain Image | Visualcapitalist.com

pay money if you stop using it

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You should look at Instagram. Not for nothing, but because you can make money with it. It is the original proposal of Digital B100, part of Abanca, to reward its clients. A striking idea that wants you to take care of you and reward you for it. Health account. This is the name of This financial product that B100 offers a remuneration of 3.40% Tae – the highest in the market – with a limit of 50,000 euros. The curious thing is not that generous remuneration, but how it encourages you to lead a healthier life and how, in fact, reward you for it. How to “fill” the Health account. All part of your original B100 account, in which you have your savings. You cannot transfer money without more than the B100 to the Health account: you have to “win” those transfers leading a healthier life. And when you move money to that Health account it is when you benefit from that special remuneration. Income for moving. To start, there is the challenge Move To Savethat rewards you for walking or running. The idea is that you travel walking or running from 6,000 to 20,000 steps to your rhythm. You can decide how much money you want it to move from your B100 account to your Health account when you meet that goal, from one to 30 euros. And income for using less social networks. Something similar happens with the other challenge, called Off to savewhich encourages customers to mark a maximum time of use of X, Bluesky, Facebook, Instagram, Tiktok and Snapchat, from 15 minutes to an hour. The less time in networks, the more money to enter. If you manage not to exceed those limits, you can go entering more and more money in this remunerated account. Thus, if you establish a daily hour of use of these social networks, you can spend a maximum of 4 euros. If you limit it to 45 minutes, you can pass up to 9 euros, and if you do 30 minutes you can enter up to 15 euros in the Health account. Finally, if you only use social networks 15 minutes, you can transfer up to 30 euros. The B100 app does not see what you see or public, you just need to know if you meet those established time limits. The Health account money is always available. If the client meets these two objectives, he may transfer up to 60 euros a day, that is, up to 1,800 euros per month. For a balance of 5,000 euros, 3.40% represents annual income of 167.68 euros, for example. The liquidation is monthly, and it is received – or rather, is admitted to the 12th of each month. That money from the Health account is always available. Care: As of May 1, the TAE in the Health account will become 3.20%. They don’t give you money, “you give it to you” you. Although it seems that the message is that if you walk or use less social networks they will pay you for it, in reality what you do is benefit from greater TAE and a better profitability of your savings. An initiative in collaboration with friends screens. B100 has collaborated with the non -profit association Friendly screenswhich since 2004 works in the field of digital well -being. Its founder and director, Javier Flores, Indian That according to a recent study, 77% of Spaniards between 18 and 55 believe that spending less time on social networks is beneficial for them. More and more time in front of the mobile. It is not a bad idea, of course, especially since we spend a lot, a lot of time looking at the mobile. A Telefónica study of 2024 estimated in five hours and a minute the time we use the mobile, 5.6% more than the previous year. 34.7% of that time invested in messaging applications and social networks. The idea of ​​Abanca and B100 seems therefore a success. Image | Magnet.me In Xataka | A European bizum is possible. The systems of southern Europe bring positions with Wero, the Franco-German alternative

Now there is a version says goodbye to paper money and replaces it with an app for mobile

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Digital entertainment has never been so wide. Among series, movies, video games and music, the options are almost infinite. However, sometimes what we are looking for is just the opposite: disconnect, get away from screens and notifications. To do this, nothing like reading a good book or enjoying a board game. But not even these have escaped technology. Like electronic books have changed the way we read, board games have also evolved. It is not something new: for decades there are digital versions of classics such as chess or go. But now the trend has evolved. Some board games now combine physical pieces with mobile applications. A clear example of this is Monopoly. Monopoly is modernized with an app The new version of Monopoly premieres application. The game maintains its classic board, but now it will be necessary to use the mobile phone or the tablet to manage money and starting operations. That is, what we used to do with printed bills now is done directly from the screen. The properties and any transaction are also controlled from the app. From Hasbro, monopoly owners, explain that this format “assisted by application” not only speeds up the game by assuming the functions of the bank, but also incorporates mini -games to add an extra of fun. Each player selects a file and their corresponding bank card, which together with the property cards are scanned directly from the application. Monopoly App Banking is very oriented to children and offers among the most valuable properties a rocket launch platform, a chocolate factory or a roller coaster. This updated version will be available in the United States and During the year in Europe. It should be noted that the classic versions of the game and their expansions are still available. Modernizing a classic does not mean losing its essence. Here, the app promises to optimize the games of a game that sometimes can become long and dense, even providing new mechanics to refresh the experience and make it more accessible. However, this proposal will hardly attract those who see in the board games a shelter against the omnipresence of the screens. Images | Hasbro In Xataka | Monopoly is an icon of capitalism, but it was created for the opposite: denounce and defend an alternative system

Satya Nadella is clear that at the moment AI has not revolutionized anything. The reason: money

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“Teach me the pasta!” That is what Satya Nadella wants. That the AI ​​shows the pasta. Give (a lot) money. It is something that Microsoft and Openai have already referred to both. For these companies, AGI’s definition is precisely linked to money, and have established that An AGI will not be an AGI until you give 100,000 million benefit. That argument now serves Microsoft’s CEO to talk about the fact that AI has not revolutionized anything. From agi nothing. In one recent interview With the Dwarkesh Patel podcast, Satya Nadella, CEO of Microsoft, made some important statements in which her position was clear about the current situation of the artificial intelligence segment. To begin with, he indicated that “that we claim that a milestone has been achieved in AGI It is only to hack the meaningless evidence “, that is, to give greater importance to the benchmarks they really have. And of revolution, either. In fact, the best metric to measure the success of the AI ​​segment is simple: it should increase the gross domestic product of any country. “When we say: ‘Oh, this is like the industrial revolution’, we should have that type of growth that caused the industrial revolution. For me, that means 10%, 7%for the developed world. Adjusted to inflation, growing at 5%, that is the real marker.” AI needs a ‘Killer app‘… Nadella commented how that growth has not yet occurred because most users have not yet understood how to use AI effectively. It is the same that happened with the PC, it took time to find its place and demonstrate its potential. … like what Excel and email achieved. Microsoft’s CEO remembered how before the PC, email and spreadsheets, companies made their business forecasts almost handmade: “Faxes circulated, someone received them and then made a memorandum between offices that then circulated, and people introduced figures, and in the end a forecast came out perhaps right in time for the next quarter.” But then Excel arrived and email and revolutionion that type of task, like many others. “That is what we need to happen with AI when it is introduced into jobs in the field of knowledge.” The AI ​​will supervitaminar. The debate on the impact of AI on work is constant, but for Nadella this technology will help us extraordinarily. Thus it will allow any worker to focus on high value tasks, and not on routine tasks that can be automated. He joked talking about the amount of time dedicated to filtering his email, and how to avoid that will be an exceptional time and productivity gain. The AI ​​not only does not give money, but it loses it. The vast majority of large companies that are betting on AI and developing large language models are losing money, and they are also losing it to beast. Openai is the best example of Burn money as if there were no tomorrowbut it is also the best positioned to win that race. But this is a bet. In fact, probably the greatest in history. It is demonstrated by the colossal investments that Microsoft, Amazon, Meta, or Google are doing to create data centers dedicated to AI. All of them will dedicate dozens of millions of dollars to that taskand they will even when it is not clear that AI will be profitable. Of course, these companies believe it will be, and much. Image | Sony Pictures In Xataka | Satya Nadella asked to lower her salary for not having complied with security. Microsoft compensated with 79.1 million

Investing in carbon capture instead of renewable energy is to throw money

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The fight against climate change is fundamentally based on reducing the amount of carbon dioxide from the atmosphere. One of the most direct solutions is carbon capture: extract the co₂ from industrial fireplaces or ambient air. So why don’t you finish taking off in front of renewables? Short. Carbon capture technologies are equipment that is placed in industries or outdoors to eliminate pollution without modifying the source. Although it sounds promising, A recent Stanford study It shows that carbon capture is in the long run much more expensive and less effective than direct transition to renewable energy. In addition to improving air quality and stopping climate change, for most countries of the world, electrifying the industry and obtain Energy, compared to a total bet for carbon capture that maintained the consumption of fossil fuels. The study. The researchers compared two extreme scenarios: a world that bets 100% for renewable energies and electrification; and a world that continues to burn fossil fuels, but tries to reduce its impact with carbon capture and improvements in energy efficiency. In contrast to intuition, the most profitable option is by far completely replacing fossil fuels by sources such as wind, sun, geothermia and hydroelectric energy. Because They directly eliminate the use of fuelswhich is the main source of pollutants in the air, and because they reduce energy demand instead of continuing to increase it. More profitable. Clean sources and electrification would not only directly reduce carbon dioxide, avoiding five million deaths a year caused by pollution. Since carbon capture consumes energy, the first scenario would also involve economic savings compared to the other scenario, reducing energy consumption by 54% and energy costs by 60%. The key is the opportunity cost. Using renewable energy to feed carbon capture systems prevents those same energies from being used to replace polluting sources. “If you spend a dollar in carbon capture instead of renewables, you are increasing carbon dioxide, air pollution, energy requirements, energy costs, pipelines and total social costs,” Explains the main author of the studyMark Jacobson. Conclusion. What the study points out is that, although carbon capture may seem an attractive technical solution, in practice it maintains the inefficient and polluting infrastructure of combustion. How to try to empty a bathtub without closing the tap. The substantive problem is not solved: the use of fossil fuels. The researchers conclude that, to face the climatic crisis effectively, it is much more beneficial to abandon the idea of ​​cleaning the air after polluting and betting on a total transformation towards renewable energies. The evidence says that investing in clean energy is not only cheaper, but also the safest option for the environment and global health. Image | Pixabay In Xataka | The big business in which CO2 is becoming captured and burying it underground

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