A technology entrepreneur sold his company for 1,600 million and only stayed with 100

The History of Brian O’Kelley It stands out among business and technology holders for a very rare decision in a context of Technological Millionaires. Like many others before him, O’Kelley gave a millionaire ball selling his company Appnexus in 2018 for 1.6 billion dollars. The most surprising thing is that, instead of withdraw with full pocketshe chose to be alone a small part of fortune and donate the rest to beneficial causes. Such and as they counted in Fortunehis position has given what to talk about, especially in a context where more and more entrepreneurs reflect on The social impact of their fortunes and the responsibility of returning part of the benefits to society, instead of limiting itself to accumulating Large amounts of money that would not spend Not in seven lives. His vision of ethical wealth Brian O’Kelley sold his company to AT&T for an amount of $ 1.6 billion in 2018. instead of retire to enjoy your new fortuneO’Kelley had with his wife what he defined as a “really interesting conversation”: decide How much money they needed To live comfortably. “We simply calculate an amount that we consider enough to buy a house and things like that, we double it and give it the rest,” confessed the entrepreneur to Fortune. The final figure were nothing negligible 100 million dollars, equivalent to 10% of their participation in the company after the acquisition. The rest, more than 1.5 billion dollars, was allocated to beneficial causes and social projects. O’Kelley maintains a very clear philosophy about The accumulation of money: “I don’t believe in billionaires. I think it’s simply ridiculous.” For the entrepreneur, the really important thing is to keep the feet on the floor and limit personal wealth to continue making responsible decisions in everyday life. “We never wanted to have so much money that we did not have to make decisions. We have an incredible life, we can do almost everything we want. But we cannot do everything we want. We have to talk about our budget as any other person,” said the millionaire businessman. O’Kelley It is not the only millionaire that assumes one Ethical perspective of its wealthand insist on demanding governments a greater tax imposition For great fortunes. The Founder of Appnexus considers that accumulating billions and show off it It takes you away from reality. “I do not understand why you need 200 billion, 500 billion or even 1,000 million. The joy of appreciating what we have and making those difficult decisions is really fundamental.” Millionaires who do not want to leave inheritance Brian O’Kelley either wants his children to enjoy a life ofprivileges without making any effort To deserve it. “I feel fatal because my children can fly in Business“, says the millionaire of 1.96 m, ensuring that he does it for comfort.” I have flown all over the world in a tourist class many times, this is to give me a whim, but I do not want to spoil my children. And a lot of this leads me to think about how they see life from their eyes. I want them to share a little of that fight that I had to do to get there. “ This approach goes in line with the growing trend between millionaires like Bill Gates, Warren Buffett or Mick Jaggerwho have announced that They will not leave their fortunes to their children and prefer allocate your money to social works. Gates, for example, states that 99% of his fortune will be donated and that only 1% will go to their children, so they can learn The value of the effort. O’Kelley is overwhelming when talking about ostentatious lifestyles pointing out that hopefully more people question why the style of Jeff Bezos life. “You cannot have a yacht, a helicopter, an island and a large building with your name and all those things, because then you are a bit unbearable. No human being can really appreciate that. It is a waste of incredibly ridiculous money in a world where there are so many people who do not have it.” The entrepreneur considers to stay connected with normality and have limits that allow you to carry A responsible life. “There is something to stay connected to normal that is really important. I don’t want to get to act without consequences. I think that is the greatest risk, how can we be responsible when we have so much money that we can buy anything?” In Xataka | There is a less painful solution for an inheritance not to become a ruin for heirs: give up it Image | Flickr (IAB UK)

A man stayed a 20 -euro bizum sent by mistake. The judge has fined her and has come out ten times more expensive

With 28 million active users, Bizum is the most used system in Spain for payments among users. We send and receive a lot of money through Bizum and make an mistake when typeing the number we want to send money is something that can happen with relative ease. If we are lucky, they may return it to us, but what happens if who is on the other side decides to stay the money? Now we know. Staying a bizum sent by mistake is very expensive. As we said, making a mistake to type the number to which we want to send a bizum can be quite easy and it is just what happened to a neighbor of Benavente, as they say in Zamora’s opinion. The person who received the 20 euros did not return the amount and the woman decided to denounce him to the authorities. The Provincial Court of Zamora has proved him right and has condemned the receiver of the transfer to return the 20 euros, in addition to paying the judicial coasts and a fine of 180 euros for a slight crime of improper appropriation. More than ten times the original amount. The Civil Code says. The denounced has resorted to the sentence alleging lack of evidence and presumption of innocence, but the judge has confirmed it and considers that the woman had not consented to the transfer. This would apply not only to Bizum, but to transfers and any other payment received by error. He Article 1895 of the Civil Code It is clear, it must always be returned: When something that was not entitled to collect is received, and that by mistake it has been improperly delivered, the obligation to restore it arises. There is jurisprudence. There have been more cases that have reached the courts for transfers made by error, such as this one of an Alicante businessman who faces Three years in jail for not returning a payment of 341,000 That was done by mistake. EITHER This 2015 sentence who condemned a woman for staying with 25,900 euros of the pension plan of her ex -husband, the result of an error of the bank when rescuing the money. Bizum in figures. Bizum It has become the standard of immediate payments in Spain. Arrived in 2016 as part of an initiative among various banking entities, although it was not until 2018 when It extended and began to grow. It currently has 28 million users and it is expected to reach 30 throughout the year. In 2024 an average of 3 million operations were made per day. The record was the past Black Friday (November 29, 2024), with 4.8 million operations. Or what is the same: 55 bizums per second. In total, in 2024 1,093 million operations were made worth 44,206 million euros. We do not know the number of erroneous operations when sending money, but with these numbers it is logical that they are increasing. Bizum grows, legal doubts too. In parallel to this growth, unknowns have also been increasing from the legal and legal point of view. Many users wonder What income or payments should be declared to the Treasury. We know that it is not necessary to declare payments between friends and family, although the freelancers who use it to collect, the income that generate economic profitability as rentals or if the total amount adds more than 10,000 euros per year should do. Doubts have also emerged about whether something that has eliminated the Threshold of 3,000 euros in the control of transfers by the Treasury. In this case, if high amounts are received through Bizum, the Treasury may investigate it, just as they would do if it were a transfer or a metallic income. Little by little, light is shed and it is clear that, at the legal level, Bizum is one more method to move money and apply the same rules as any type of income In Xataka | Timo of the false bizum by mistake: how it works and how to avoid this scam

Altman’s plan to attract private investment to OpenAI has stayed halfway. It’s a victory for Elon Musk

Openai has conquered a place at the forefront of artificial intelligence (AI) with products such as Chatgpt and GPT-4O. But there is a detail that escapes in many conversations: It is still a startup. It is several times smaller than Microsoft or Google and faces an existential challenge that does not have so much to do with its products, but with money. That challenge has its own name: its peculiar organizational structure. The openai part that generates income, directed by Sam Altmanis controlled by a non -profit organization. This unconventional model has aroused doubts among investors. Altman proposed to restructure the company to attract more private capital and accelerate the path to a General Artificial Intelligence (AGI). The problem is that this plan has just received a blow. A difficult governance to sell. The Board of Directors has decided to maintain control from the non -profit entity, after opening conversations with the general prosecutors of California and Delaware. These authorities monitor the legal status of organizations of this type and could have blocked change. The announcement has made it public Bret Taylor, president of the Board, In an official statement from OpenAI. A victory for Musk. Elon Musk had sued Openai for that attempt at reorganization. He assured that the company had diverted from its initial purpose of developing a safe and oriented the good of humanity. The decision to preserve the original supervision partially reinforces its argument: the structure remains, at least for the moment. New model, but with the same control. Despite the other way around, Openai maintains another important change. It is expected that its commercial organization will operate as a public benefit corporation (PBC). The difference is that, instead of separating itself from the non -profit organization, it will continue to have the last word. Now they are negotiating how that supervision will be articulated, but everything indicates that it will be the non -profit organization that designates the members of the Board of the New PBC. This could hinder future financing rounds. Because in this OpenAi, which has not managed to transform completely, interest is not measured only into dividends, as investors would like. Outstanding image | Sam Altman (X) + Photoshop | Ted Conference In Xataka | Silicon Valley has an obsession with “Todismo”: they begin by dominating a sector and then wanting to dominate them all

In 2021 Texas stayed in the dark for days. Politicians blamed the wind, but the culprit was an old acquaintance

The story occurred in February 2021when a historic winter storm that affected much of the state of Texas generated the last great electric blackout. Between February 13 and 17, extremely low temperatures and adverse weather conditions caused the disconnection of more than 4.5 million homes and business, some for several days. The event is considered one of the blackouts more serious in history Modern of the United States, so much that politics tried to take advantage of the “guilty.” The mirage of the wind. As we said, in February 2021, Texas lived one of the most serious energy crises in its modern history, when a winter storm paralyzed a good part of the state, causing massive power cuts, dozens of deaths and extreme conditions that affected millions. In the midst of chaos, the governor Greg Abbott appeared on national television (in Sean Hannity program, in Fox News) to directly hold the renewable energies of collapse, and especially wind. In a sharp statement, he said that the ruling showed that the State and the country continued to need fossil fuels to guarantee the winter supply. However, the accusation, repeated by other leaders conservatives and related media, not only It was wrong but deeply interested, because the data showed that the main person in charge of the collapse had been … Natural gas, not the wind. The Texas Network and its fragility. Texas has a unique electrical grid, known as Ercot (Electric Reliability Council of Texas), which operates almost independent of the rest of the national network. This deliberate disconnection, designed to avoid federal regulations, also prevents the State from importing electricity easily in case of emergency. Thus, when temperatures fell dramatically in February 2021, many electric plants (especially those fed with natural gas) They were not prepared To operate in freezing conditions. The pipes froze, the valves failed and gas production collapsed, just at the time of greatest energy demand. Although some wind turbines also froze, their weight on the network was relatively small: about 7 % of the production planned for that time of the year, according to expert calculations. Most cuts came from thermal and nuclear plants that could not operate due to lack of fuel or technical problems derived from extreme cold. Politics in a blackout. Despite this evidence, the narrative that was quickly imposed in conservative sectors was that the ruling had been caused by clean energy. From Fox News to the Wall Street JournalHE They multiplied the voices that ridiculed the renewables, called them “non -reliable” and demanded a return to coal -based energy. An old ideological campaign against environmental policies was reactivated and, in particular, against the Green New Deal promoted by some Democratic legislators. Even false images were shared, such as a photograph of frozen turbines supposedly in Texas that It turned out to be from Swedencaptured years ago during a thaw test. Social networks, media and politicians such as Congresswoman Lauren Bobert or state senator Mike Thompson They spread without contrast Uninformed arguments that placed wind and solar energy as guilty of the blackout, reinforcing a rhetoric that had been downed long before the incident. The response of experts. Numerous researchers and electrical systems specialists They denied the official version repeated by the governor and other leaders. Jesse Jenkins, engineer of the Energy System of Princeton, summarized in a phrase What happened: “All generation sources are being beaten.” Indeed, freezing affected both gas and coal, nuclear and renewable plants. The problem was not a single technology, but the lack of preparation of the infrastructure set in the face of extreme weather conditions. Leah Stokes, political scientist at the University of California in Santa Barbara, The irony stressed to New York Times of the situation: the same fossil fuels that were feeding climate change were those that had failed in an increasingly common weather scenario. From that prism, what did not support the system was not renewable energy, but an obsolete network model, little resilient and possibly more focused on economic efficiency than in climate emergencies. Climate change as a backdrop. Plus: the crisis occurred just when Joe Biden came to the presidency and had signed his First executive orders In climatic matters, reincorporating the United States to the Paris Agreement and canceling the Keystone XL pipeline. Under that context, the Texas blackout became a discursive battlefield between those who asked for more investment in clean energy and resilience, and who defended the continuous and reinforced use of fossil fuels. Biden had made it clear that his vision went through Modernize infrastructure Energy of the country, generate green jobs and reduce emissions towards a zero net target in 2050, but the storm served the opposition sectors as excuse to discredit said agenda. Broken system Far from demonstrating an alleged “uselessness” of wind energy, the Texas blackout In 2021 it was a more warning about the vulnerabilities of an energy system unable to adapt to the 21st century climate. While the authorities blamed the turbines, millions of people froze without heating, hospitals worked with emergency generators, and citizens (such as state deputy Brandon Woodard, in Kansas) they wondered if those interruptions would become A new standard. If you want also, the event left a teaching: reliability does not depend on a type of energy source, but on an integrated, resistant and modernized system that combines technologies, storage, interconnections and preparation against climatic extremes that will be more frequent. In Texas, loading the blame for the wind was a convenient, but dangerous distraction. As almost always, the true enemy were not renewable, but negligence. Image | POT In Xataka | The precedent closest to the great blackout of Spain was lived in 2003. And it also began in the interconnected network In Xataka | Having solar panels at home sounds very good in case of national blackout. The problem is that they do not always work

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