Street

It is much more. And that terrifies Wall Street

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The first sentence of this headline is not of its own origin, but of Axios in his wonderful portrait of technological dependence on OpenAI. Altman is receiving pressure from several fronts: Google eating ground since Gemini 3. The demands that accumulate. AND more than $1 trillion in investment commitments that depend on the success of the company. Why is it importantand. ChatGPT was born as the product of a startupbut now it is the axis that supports an entire industry. If it fails to balance the accounts, it would not only drag down OpenAI, but also dozens of companies, investors and projects with many zeros that have opted for the permanence of the current AI paradigm. Between the lines. The situation is, in itself, a paradox: OpenAI introduced generative AI into the collective imagination and convinced Wall Street that this revolution was real and imminent. Now that same dominant position makes it a single point of systemic failure. As Paul Kedrosky explainsMIT researcher, underestimating their individual role would be “a serious misunderstanding of what is happening in the market.” The context. The company faces rising costs, a brutal war for talent and so many doubts about your consumption strategy that porn is starting to be an option. Altman has refocused priorities on improving ChatGPT and the models that power it, he said The Wall Street Journal after the arrival of Gemini 3. But the problem goes beyond the technical: it is a network of intertwined agreements between a few giant companies, where the weakness of one threatens to paralyze the rest. Yes, but. A technical failure seems very unlikely. OpenAI continues to progress with ChatGPT despite the competition. The real risk is financial and psychological: Microsoft and Meta buy chips wildly for fear of being left behind. If OpenAI falters, that chip-buying FOMO evaporates. NVIDIA chips serve as collateral for billions in loans. If demand falls, the value of the collateral falls. And if those loans go bad, lenders are left with depreciated assets. Trust is everything. OpenAI and ChatGPT popularized AI among users and investors. This sentimental position amplifies any perception of weakness. The threat. The debate over whether OpenAI is “too big to fail” is gaining momentum. Chief Financial Officer, Sarah Friar, last month he somewhat awkwardly suggested the possibility of federal backingfueling the debate. Being “too big to fail” (the famous too big to fail) implies that the government would intervene because the economic and political consequences would be unaffordable. On the other side. Altman took it upon himself to categorically reject any government support. “If we screw up and can’t fix it, we should go bankrupt. Other companies will continue to do good work and serve customers. That’s how capitalism works,” said in X a few weeks ago. behind the scenes. OpenAI’s leadership is part narrative and part technical. They were the ones who introduced the idea of ​​generative AI to the masses, they have a role in AI similar to that of Google in searches or email, and that cultural penetration means that any slippage can be magnified. What’s at stake isn’t just the future of a company valued at half a billion and counting. It is the credibility of the entire narrative about AI. If OpenAI stumbles, investors could conclude that they overestimated the speed of adoption and profitability of the sector. This readjustment of expectations would have immediate consequences on valuations, capital flows and projects in development. Featured image | Dima SolominXataka In Xataka | We have been enjoying AI without ads for three years. That is about to end for obvious reasons.

Matt Kiatipis is the viral street basketball sensation. What no one is clear about is if it is really basketball

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If you are interested in sports content on social networks, it is very possible that your algorithmic paths have crossed at some point with Matt Kiatipisbetter known as MK, a street basketball player who is injecting an aggressiveness into his videos that many see it as the antithesis of the sporting spirit. We delve into the phenomenon and what it contributes to the abundant content of this type on social networks. Who is MK? Matt Kiatipis accumulates 3 million followers on TikTokwhere matches are recorded basketballusually one on one (although not exclusively) where extreme physical contact is the norm. This content creator, calling himself “1V1 KING”, has turned street confrontations into a viral spectacle that divide opinions: while some defend the authenticity of the streetball more aggressive, others claim that their videos they glorify conflict and they betray the fundamentals of basketball. How it works. Kiatipis follows a formula: one-on-one confrontations on street courts around the world, from Toronto to Greece, passing through Brazil, Italy or Spain, where it has been recently. In them, intense physical contact is combined with aggressive verbal disrespect towards opponents. His videos, which have amassed 120 million likes, show pushing, elbowing and body defenses that would rarely be allowed in regulated basketball games. The moneys. The Canadian has converted this format in a complete business: training program, merchandising themed by country, sponsorships from brands like YoungLA and AirVert… And the project ISOa match league with global franchise aspirations. And all embedded in an amazingly familiar business model (brother records, father edits, sister manages networks) that allows him to maintain total control over his image. Is this basketball? The division is sharp. Critics point out that Kiatipis’ videos normalize unsportsmanlike behavior: constant pushing, defensive grabbing, elbowing without penalty, and use of the body that in the NBA would constitute an immediate personal foul. According to the Spanish Basketball Federation, physical contact that disadvantages the player with the ball is punishable, but in streetball The rules vary from court to court. Street basketball has historically operated under unwritten codes where each player calls his own fouls. MK’s defenders argue precisely that: that it respects the tradition of streetball more physical, where spectacle and authenticity matter more than the regulations. The debate transcends sports and asks what “real basketball” means in the era of immediate content, where attention needs to be continually drawn. The streetball phenomenon. MK’s appeal has deep roots in American urban basketball culture. Mythical fields like Rucker Park in Harlem (where stars such as Julius Erving or Kevin Durant once played) or Venice Beach in Los Angeles established in the seventies the cult of individual spectacle, one-on-one duels and the absence of referees. But it was the phenomenon of the sports footwear and equipment brand AND1 (1998-2008) who turned violent streetball into a television business: as a sponsorship, street players like “Hot Sauce” and “The Professor” toured the United States challenging local players in matches that were broadcast on ESPN. The mixtapes with the meetings sold more than 200,000 copies in three weeks. But even then detractors emerged. Critics at the time already warned that AND1 “polluted the purity of the game.” The difference with Kiatipis lies in the platform: where AND1 needed ESPN to reach its audience, MK only requires TikTok. Now aggressiveness and testosterone are not only on the surface, but also within the reach of millions of followers. In Xataka | Michael Jordan’s mansion was so luxurious that no one could buy it. After 12 years it has found a mysterious buyer

Your family tree is on every street

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Madrid, like most large modern metropolises, has been expanding by annexing population centers bordering. Each of these annexed towns has its own history and, some of them, leave curiosities such as that their streets are witnesses of the family tree of the family that owns the land on which an entire district would be built that in 2023 was home to some 143,000 inhabitants. The Usera district, located south of Madrid, is known today for its multicultural atmosphere, especially for the celebration of Chinese New Year organized by the Chinese community resident in the area. However, not many people have noticed a peculiarity in the names of their streets. A surname is repeated insistently in his street map: Usera. The reason is that, paraphrasing the writer and journalist Nieves ConcostrinaUsera, before being a neighborhood, was a gentleman. We can add that, in addition, he had a lot of family. The story of a family with a zip code In Usera’s street map we can find names like Nicolás Usera, Mariano Usera, Marina Usera, Luis Usera, Amparo Usera, Gabriel Usera and Isabelita Usera, all of them, as is more than evident, pointing out that the name Usera was not born by chance. It all dates back to the end of the 19th century, when José del Río, known as “Uncle Sordillo”, a landowner from the south of Madrid, left some land north of Villaverde to his daughter, Carmen del Río Fernández. This rich heiress married Marcelo Usera in 1904, the son of a fallen bourgeois family who had not long ago returned from ill-fated Cuba. Marcelo Usera had joined military service, like so many other young people of the time, where he continued in his military career until 1924 with the rank of lieutenant colonel. At the same time, the young Usera had already proven to be skilled in management, obtaining recognition with the livestock activities on the lands that his wife had inherited. As a curious note and examples of how much Marcelo Usera was prospering with the management of his wife’s assets, the Royal Academy of History collect that Alfonso A “Salamanca neighborhood” for the people However, despite this livestock success, the lands located south of Madrid were not profitable enough to be dedicated to cultivation. Inspired by the Marquis of Salamanca and its urban project that gave rise to the stately neighborhood of Salamanca, Usera decided to dedicate those lands little given to cultivation as a starting point for a settlement for a new working-class neighborhood with houses affordable for workers. Marcelo Usera Public School, built on land donated by Marcelo Usera Usera would take advantage of the facilities offered by the so-called “Cheap Houses Law” of 1911. Under this law, the landowner obtained tax exemptions and the transformation of rural land into developable land was facilitated, thus increasing the economic benefit due to the revaluation of the land. In this way, by promoting the construction of cheaper houses, he would not incur the economic problems that the Marquis of Salamanca’s project faced. As stated the portal of Telemadridthe first colony that the rich landowner planned was called “Colonia Salud y Ahorro”, although it finally ended up being called “Colonia Moscardó”. The urban development of this first colony followed the guidelines of the workers’ colonies of the time. A main street crossed by small perpendicular streets. A street map turned into a family tree As a soldier, Usera began naming his streets with the names of illustrious soldiers, mainly belonging to the Legion that he had founded years before. Millán-Astray. However, he soon ran out of military names, so he began to draw on his own family tree and those close to him. In this way, the Usera street map thus became a small family tribute: the main artery would be Marcelo Usera Street, which with its almost two kilometers serves as the backbone for the neighborhood, with which streets such as Mariano and Nicolás Usera, Marcelo’s brothers, intersect. Corner of Amparo Usera and Nicolás Usera streets Usera dedicated a square to his wife Carmen del Río. Deserved recognition for the heiress who owned the land on which it stood the new neighborhood. Amparo Usera, goddaughter of Carmen and Marcelo, has a street symbolically located parallel to that of her rich godfather and bordering her godmother’s square. As the content creator highlights selpide in the profile on TikTok from Madrid Secreto, Marcelo was not satisfied with honoring first-degree relatives. Numerous nephews of the landowner and urban planner such as Antonia, Gabriel, Luis, Marina or Isabelita Usera are also now street names. Even Marcelo’s maternal grandmother, Isidra Jiménez, and his sister-in-law, Marina Vega, appear in Usera’s street map. Once the names of the Usera clan had been exhausted, the honors began to be extended to friends of the family, such as Carmen Bruguera, José Anespere and Pablo Ortiz, and even to employees, such as Felipe Díaz who, according to what was published by Infouserawas the administrator who designed the layout of the streets and whose house is preserved there. His daughter, Perpetua Díaz, also has a street in the neighborhood. In addition to honoring his family and friends with street names as if they were little cards, Marcelo Usera also wanted to honor those who were directly involved in the success of the urban project. Among those names, Gumersinda Rosillo and Jesús Montoya stand out, two of the first inhabitants of the new neighborhood. In your videoSélpide also highlighted the name of Máximo Carazo, Usera’s first pharmacist, who provided clean water from his well to the inhabitants of the new neighborhood. Since its urbanization, this corner of the south of Madrid has been characterized by peculiarity of their street namess, who remember on every corner that being born into the right family can make a name continue to be remembered decades later, even if its only merit is having the right surname in the right neighborhood. In Xataka | The 25 richest families in the world, displayed in … Read more

a hundred neighbors on the street

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In the midst of the housing crisis, with the skyrocketing prices and real estate developers warning of a serious deficit that is counted tens of thousands of housing, Madrid risks seeing how around a hundreds of neighbors of the Villa de Vallecas remain on the street. Literally. The news spread on Monday the BEING, the has confirmed The Country and it is warming up and the political debate. The reason: dozens of humble families who once obtained a social rental thanks to the Obra Social de la Caixa now see how their apartments go on the free market and, with it, the lease termination notices arrive. What is the reason? To understand it you have to go back a few years and go to the Ensanche de Vallecas, more specifically to Mazaterón and Fresno de Cantespino streets. There are two residential buildings with 220 identical apartments, homes between 40 and 45 square meters (m2) and a single room. The blocks were inaugurated in the heat of the Caixa Social Projects program and allowed quite a few families to benefit from social rents of between 400 and 600 euros, prices well below what is charged today in the free market. As a reference, according to Idealista in Madrid, the square meter costs 23 eurosso a 45 m2 apartment would require paying a rent of more than 1,000 euros per month. The real estate portal shows that the average is somewhat lower in Villa de Vallecas (€16.1/m2), but even so a quick search confirms that it is difficult to find an available house in the district for less than 800 euros per month. And it doesn’t just come with paying the rent. The advertisements They also require tenants to meet certain requirements, such as a minimum income threshold or an indefinite contract. But… What is the problem? That tenants who once obtained a social rental in those two buildings through Caixa now find themselves probably having to pack their bags and leave their homes. And they have been living there for more than a decade (in some cases almost two) and their economic situations are far from ideal. These days the press was echoing cases of tenants with a volume of income that does not reach 500 euros monthlyappear to have recognized disabilities or have children and sick in your charge. Why is that? Very simple. Basically because the apartments that they have been renting for years in exchange for affordable rents are no longer in the same hands and (most importantly) have seen their term as officially protected housing (VPO) expire, so they have entered the free market headlong. In fact the neighbors assure that in the two buildings there are apartments that already apply seasonal rentals for 1,100 euros or that have even gone on sale for 250,000 euros. There are three key dates to understand the case, according to the information that drives The Country. The first is 2022. That year the tenants claim to have noticed a first relevant change: they suddenly encountered problems when it came to extending the rents that were due when until then, says David Jiménez, one of those affected, “the Foundation had never caused difficulties.” Although that was several years ago, the neighboring communities did not notice anything strange. People were leaving, but the rest of the tenants did not know why, whether it was by choice, work or because the landlord had decided not to renew their contract. Hence some affected people now speak of “invisible evictions.” And the other dates? The second came last August, when residents began to receive letters from InmoCaixa (La Caixa’s real estate portfolio manager) informing them that their contracts would not be renewed. In other words, there will be no extensions of rents that expire The precise SER that in some cases this means that the tenants will have to leave in December. The third date that completes the chronicle and gives a global image of what happened is much more recent: October, which was when the neighbors began to receive another letter related to their homes, only in this case it was not signed by Caixa or any entity related to it. Its author was Mosaic Propcoa fund that informed them that it is now responsible for their contracts. The reason: the foundation has sold the apartments, which for the neighbors meant a bucket of cold water. What do the neighbors and La Caixa say? The first, the neighbors, speak of “speculation” and an attempt to expel them from what have been their homes for the last few years, homes to which they had access at the time by meeting certain requirements and which since then they have been paying as agreed. According to their calculations, right now there are just over a hundred (110) people who maintain their InmoCaixa contracts and, therefore, risk having to pack their bags. Among them there are several dozen who will face this scenario over the next few months, during 2026 or even in December. “I collect 480 euros in aid for people over 52 years of age and with that I pay the rent and little else. They tell me to enter the affordable housing lottery, but if I already have affordable housing, why do I have to start over from scratch? They don’t give me options, there is no real alternative,” relates in Madrid Diario Mercedes, 60 years old, 11 of which she has spent in one of the apartments in Vallecas. A spokesperson for the La Caixa Foundation explained these days to The Country that simply the nature of the apartments has changed and now they focus on other social areas. What does it say exactly? “This is a development whose VPO term had expired and, therefore, had gone to the free market. Tenants are always notified in a timely manner, complying with the conditions of the contracts that both parties have signed,” they insist from the entity, which has “redirected” its efforts in social … Read more

Realme seeks to make the mobile phone the best street camera. And it has joined the street camera brand par excellence

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Shenzhen and Beijing have two things in common: they are endless and both have been the perfect setting for two mobile presentations that have photography in the spotlight. He Vivo X300 Pro hit first, betting on a very long zoom to capture every last detail of the highest roof. The Realme GT8 Pro arrived later with a contrary argument: “Take me out on the street and start taking photos.”. Realme’s new high-end has been an open secret for weeks and I’ve already had it in my hands for a few days. But with one condition: I can’t talk about the phone, only its main camera. The reason? They have not presented the mobilebut an agreement with a striking camera brand: RICOH. And below I’ll tell you my first impressions of the Realme GT8 Pro camera. Technical specifications of the Realme GT8 Pro? Maybe they are the strangest first impressions I have ever made because… I can’t tell you about the cell phone. In fact, any detail is extremely generic: screen that occupies the entire front, an imitation of the Dynamic Island of the iPhone that Realme has been implementing for some time in its models and a design with flat sides. Photo: Xataka There was a rule: you cannot remove the case, you cannot remove the sticker that covers the camera module. Because I can’t, I can’t even tell you what hardware it has because the characteristics in ‘Settings’ are falsified. What I can tell you is that it has a periscopic telephoto, a wide angle and a main camera. And I’m going to get into it now because it is the jewel in the crown (beyond a power and battery that, if they follow in the wake of the Realme GT7 Prowill be rubbing shoulders with the best mobile phones of 2025). Realme GT8 Pro: a mobile phone made for the street “The collaboration with RICOH to create the Realme GT8 Pro goes beyond a union of brands.” Also about specifications: RICOH has overseen all aspects of the camera’s hardware and software. In the presentation of the agreement (because the mobile phone has not yet been officially presented), the Chinese company made it clear that the differentiating point of the new terminal is the main camera. Photo: Xataka It has a wide angle, it has a telephoto, it will surely mount the latest from Qualcomm, but the protagonist is the result of a very close collaboration between the Chinese and Japanese brands. Megapixels? Why do you want to know that (it’s not official). Focal? 23mm. Opening? 1.8. Does that matter? Not the slightest. Let me explain. Entering the Realme GT8 Pro camera app is like doing so in any mobile camera app: a carousel of options that are overwhelming in some cases and processing that feels excessive in some aspects. However, the secret is if we slide our finger down on the shutter button: this way we access the RICOH GR mode very, very quickly. Photo: Xataka To give some context, RICOH is a company that makes very compact cameras, ideal for street photography. They have specialized in fast focus cameras, silent shooting and ‘stealth’ modes to go unnoticed in the urban jungle. Also by 28 mm or 40 mm fixed focal lengths, depending on the model. Entering that GR mode directly activates the 28mmbut it is not a real focal length: it is a small cutout of the sensor to go from the native 23 mm to that RICOH-type focal length. It is not the only one: we also have a 40 mm (which would be a 1.8x crop of the sensor) and if we tap on the 28 mm and 40 mm icons, two more distances are added. That is, in practice the main camera is: 23mm in normal mode 28mm in GR mode 35mm in GR mode 40mm in GR mode 50mm, or 2x, in GR mode I imagine at least the 50mm or 2x will also be available in the regular camera app, but it wasn’t available on my test unit. As soon as you enter GR mode, the shutter changes to mimic that of a RICOH and the 28mm and 40mm crops are activated. Photo: Xataka The use is very intuitive and there are other things that change a lot in this GR mode. To start, the colors. We have several filters typical RICOH tonal variations. As in its day with Apple ringtones, It’s not about filters. In fact, from Realme they commented that “People are tired of filters that make all photos look the same”. What they have done is work with RICOH to apply their color science to photo processing. Auto mode. The defendant wants everything to look “good” in the photo. Photo: Xataka GR mode. More (coughs and fixes his bow tie) cinematic. Photo: Xataka Thus, there are tones that vary slightly, opting for a more bluish tone in elements such as shadows, but in addition the processing does not enhance the shadows to the extreme nor does it apply aggressive HDR (in normal mode, yes). And we have five default color profiles that are based on the technical characteristics that RICOH has set. GR mode profiles. Photo: Xataka Within each “color recipe”, we can create our own, modifying parameters such as tone, contrast, exposure or black level to create a unique profile that adapts to what we like. And they stay stored, something that I loved. Apart from the color profiles and focal lengths, the GR mode allows you to save in the usual JPG, JPG+RAW and RAW, but something else: modify the focus point to leave it fixed. Within each profile, we can customize parameters. Photo: Xataka We have several options here and, basically, it is about making the mobile even faster in its point & shoot function. A practical example: if I am shooting at everything in front of me, be it close-ups or panoramic shots, I can leave the focus on auto so that the phone … Read more

Byd promised that his Yangwang U8 ‘floated’ and complies. The problem is when used in a street in the middle of a super -for

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A byd vehicle has starred in a controversial incident during the floods of the Supertifón Ragasa in Zhuhai, Guangdong province. The driver of a luxurious Yangwang U8known for being the car ‘float’, repeatedly crossed a completely flooded street. So far, if it was not because the action ended up causing a good swell in the street, which caused several windows and damage to local shops to break. What happened. During the night of September 24, while the Supertifón Ragasa whipped Zhuhai with heavy rains that flooded several roads in the Doumen District, a Yangwang U8 byd several times on Jinwan Middle Road in Jing’an street. The images captured by the neighbors and shared by the medium CarnewschinaThey show how the SUV generated great waves when passing through the stagnant water, impacting the facades of nearby stores. Severe damage. The videos that circulated through social networks They showed Broken crystals and metal blinds deformed by the force of water. An affected merchant explained to the local media that “after passing the vehicle, the entire electrical circuit collapsed”, adding that the surveillance and other systems were unused. The owner thanked the residents who recorded the incident, since the images will serve as proof to claim the damage. The official answer. According to Share The media, Zhuhai police later confirmed that he had summoned the driver to interrogate him. The authorities asked the affected merchants to document all the damages and provide video surveillance material by submitting the corresponding complaints. The case is still under investigation. A vehicle designed for water. The case is ironic at least, since Yangwang U8, launched in China in 2023 for about 153,000 euros to the change, has amphibious capabilities specifically designed for emergency situations. Its intelligent individual traction system (IWD), with four independent engines, allows the SUV to float up to 30 minutes in emergency flotation mode and wade up to 1.4 meters deep in its off-road Master Edition version. What nobody expected is that the vehicle will end up sweeping everything in its path to propel the water and form a wave, causing multiple damage to nearby shops. A devastating typhoon. The Super Typhoon Ragasa, also known as Nando in the Philippines, has already broken the record of being the most intense of this 2025. It is causing winds of up to 270 km/Hy a minimum atmospheric pressure of 905 MB. It began on September 22 in Cagayan, the Philippines, and ended up extending through Taiwan, Hong Kong, Macau and South China. In his path, the typhoon Several lives have been charged25 registered so far, and more than a hundred injured, in addition to multiple damage to infrastructure. Cover image | Weibo In Xataka | The Spanish rail giant had planned to build a lightwail between Jerusalem and the West Bank. Now has a problem

It was hired by Spacex at age 14. Now, with 16, the young genius has turned his back on Elon Musk to go to Wall Street

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His history turned the world. Kairan Quazi graduated at the University of Santa Clara with 14 years. Almost immediately, He was signed as Spacex software engineer. Now, the young prodigy has abandoned Elon Musk’s space company to work in finance. The youngest employee of Spacex. He was not a fellow they sent for cafes. For two years, Kairan was one of Starlink engineers, the Spacex satellite Internet network. His work was critical: he designed the software that determines where the satellites point their beams to offer a stable connection. “I had a very broad field of work and a lot of responsibility, especially for a junior engineer,” Count the boy to Business Insider. Spacex expected him to lead projects from beginning to end: develop ideas, present them to other engineers and address, implement them and supervise the deployments. With 16 years, I needed a change. After two years at the aerospace avant -garde, Kairan Quazi felt prepared to “assume new challenges and expand their skills” in a different high performance environment. The young prodigy received offers from the most leading artificial intelligence laboratories, but it was a proposal of Citadel Securities, a trading giant, which finally convinced him to leave Spacex. Now work as quant unaveloper developing financial models. Quants, the elite of programming. The decision to change rockets for financial algorithms is not accidental. For the best mathematicians and software engineers, only artificial intelligence competes in attractiveness with the world of finance specialized in quantitative analysis. With millionaire wages, the Quants sector combines the complexity and intellectual challenge of other sectors with a much faster rhythm, measurable in days, not in months as in many research environments. In algorithmic trading, an idea is tested, implemented and gives results (for better or worse) in a matter of hours. For the rest, a teenager. Kairan valued that Citadel Securities did not take into account his age or his years of experience when offering opportunities. But sometimes he has to remember that he is a teenager. During his stage in Spacex, his mother had to take him to work every day because, with 14 years, he had no driving license. The episode in which LinkedIn erased the account for not having fulfilled the minimum age of 16. From Silicon Valley to Wall Street. Kairan was born in the San Francisco Bay area and He began his university studies with nine years. After his early entry into the working world, he now moves to Manhattan, where he will live 10 minutes walk from the office. This Bangladesí-American, fond of reading, video games, escalation and piano, lands in a city that already knows for its family roots in Queens. Wall Street will mark a new chapter for a young man who seems to have no limits. Image | Scu In Xataka | What Spacex has achieved with Starship is incredible. The only problem is that he has done it at the expense of the health of his employees

The Chinese industry has been pulling the prices of solar panels for years. Now 30% of its workers are on the street

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Chinese solar panel manufacturers achieved a crushing domain of the industry with a relentless recipe: mass production, constant improvements and increasingly low prices. Now that they have left out European and American competitors, The whole world depends on its technology. However, this apparent success story hides an internal crisis with serious consequences: a INSUSTANIBLE PRICE WARmillionaire losses and the silent dismissal of tens of thousands of workers. An unprecedented overproduction. Between 2020 and 2023, the Chinese government redirected huge resources of the real estate sector, then in decline, towards what it called the “three new growth industries”: solar panels, electric cars and batteries. This bet unleashed a fever of new factories and Colossal dimensions solar parks. The result was an unprecedented overproduction. According to Reutersthe world now produces twice as much solar panels it needs, most manufactured in China. This market saturation caused a collapse of prices to the point that many companies They started selling below their costs To give out to the stock, a situation that has been aggravated by the war of tariffs with the United States. The Chinese solar industry lost the amazing figure of 60,000 million dollars last year. The human invoice. The least known consequence of this crisis, despite the fact that companies They asked the government for a rescueIt has been a drastic reduction of personnel. The financial reports of the five largest photovoltaic companies in China (Longi Green Energy, Trina Solar, Jinko Solar, Ja Solar and Tongwei) reveal a 31% reduction of their templates, which means that they left 87,000 employees on the street. This figure is a mixture of direct layoffs and non -renovations due to salary or hours cuts. Diseases are a politically very sensitive issue in China, where employment is seen as the key to social stability. Therefore, none of the big companies have officially announced these massive template reductions. With the exception of Longi, who recognized a 5% cut of the template. Beijing tries to stop the bleeding. The main producers created an entity similar to OPEC to control prices and offer, But it didn’t go well. Before the disaster, the Chinese government took action on the matter. In early July, President Xi Jinping asked for the end of the price war. In addition, a fund of 7,000 million dollars was created to buy and close about a third of the lower quality solar panels in the industry. Is it enough? According to a Jefferies analysis, it would be necessary to eliminate at least one 20-30% capacity manufacturing for companies to be profitable again. However, many Chinese provincial governments, evaluated for their ability to create employment and economic growth, are reluctant to apply drastic cuts that affect their local companies. Image | Jinko Solar In Xataka | Neither in Taiwan, nor in China: the plan to manufacture the purest semiconductors in the world is to go to space

Palantir is already worth more than Coca-Cola with the tenth of income. Wall Street has lost its head with AI

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Palantir Technologies has just passed giants such as Samsung, Costco or Coca-Cola, reaching the 411,000 million dollars of stock market capitalization. Why is it important. A company that bills 1,000 million dollars to the quarter is worth more than others that generate ten times greater income. It is the purest manifestation of “Ia washing“What Wall Street consumes. The facts. The data analysis company founded by Peter Thiel in 2003 reported a 48% growth in income to exceed for the first time the 1,000 million quarterly dollars. Their commercial contracts in the United States fired 93%, while the government rose 53%. The benefit grew by 144% to 327 million. In figures. The per (Price to Earnings Ratioprice of the action divided by the benefit of the action) of Palantir reaches 596more than ten times higher than that of Nvidia (57) and almost twenty times Apple’s (31). To justify its current assessment, the company would have to maintain an annual growth of 55% for four consecutive years. Even in that optimistic scenario, it would quote the income of 2029 at 25 times. The context. Wall Street lives a speculative bubble fed by any company that mentions the magical words: ‘artificial intelligence’. Palantir, who for years has been fighting for growing beyond his defense contracts, has reinvented himself as the company that “makes” the AI models in the real world “work. His CEO, Alex Karp, proclamation that “the great language models simply do not work without palantir.” Yes, but. The euphoria hides several problems. The company quotes its future sales to 80 times, a metric that exceeds any historical precedent in the S&P 500. Deutsche Bank, who maintained sale recommendation, admitted that “something special is happening” but recognizes that “the valuation is still very challenging.” It is the same bank as The recommendation has uploaded just not to seem completely out of market reality. Between the lines. Karp used the results conference To attack elite universities and promise that AI will give “super powers” to workers without higher training. A populist speech that fits perfectly with the current political narrative, but that does not justify an assessment that makes Palantir the most overrated company of the most important stock market index in the world. The big question. Can a company that invoice 4,000 million annually the same as Johnson & Johnson, a multinational that generates 85,000 million? Or that Coca-Cola, global icon whose income multiplies by ten? The markets have decided yes, betting that IA will completely transform the economy. Palantir has become the symbol of that bet. With all that that implies when the bubble explodes. Outstanding image | Palantir In Xataka | The seven magnificent face a total war in their own future. And there are three candidates to impose the rest

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

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