Year

Xiaomi has made profits selling cars in its first year. The problem is that it has optimized for an unrepeatable moment

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Xiaomi Auto, Xiaomi’s car division, reported a few weeks ago something that is considered impossible in the automobile industry: achieving profits in its first year. It has had a healthy gross margin of 25.5% and a net profit of 680 million yuan, about 82 million euros, thanks to 109,000 cars delivered in a single quarter. Barely a year after selling its first car, the division presents numbers that place a newcomer in the same range as BMW or Mercedes. One that took Tesla years to reach and one that other manufacturers like NIO are still not there. Some They died trying to get there. Lei Jun has executed an impeccable launch and his investors have reason to be impressed, but if we take a closer look at the numbers and break down the origin of the margins (something that must be attributed to Poe Zhao’s wonderful analysis in Hello China Tech), a different story appears: that of a company that has perfectly optimized for a moment that will not be repeated. Two figures: The average price per car in the third quarter was 238,000 yuan (about 29,000 euros). The broadest category was close to 260,000 (about 32,000 euros). Those numbers They are not representative of the market that Xiaomi wants to addressbut rather they represent a temporary concentration. In that quarter, many units of the SU7 Ultra and other premium configurations. The first buyers (the biggest fans of the brand, those who wanted to be the first to drive a Xiaomi) ordered the most expensive versions. It’s not that Xiaomi has fooled anyone, it’s the natural dynamic of any technological launch. The early adopters They always buy the higher versions. The testmotto is to confuse that initial demand with sustained market demand. The 25.5% margin does not validate your business model, it only tells you that you have sold the right product to the right people at the right time. The question is what happens when those people run out. Lu Weibing, president of the group, made this clear in the presentation of results. It said auto margins will likely fall in 2026 due to “competitive factors and normalization of the product mix.” It’s careful business language, but lto translation is simple: When you’re done delivering premium configurations and have to sell entry-level versions to maintain volume, you’re going to find out how much it really costs to compete in this market. Apple experienced something similar with the first Apple Watch. The first few quarters showed spectacular margins, but those numbers reflected sales to enthusiasts willing to pay for novelty, not sustained demand from a mature category. They had to learn to sell beyond the circle of fans. The difference is that Apple was not competing in a market with structural overcapacity and price wars. Xiaomi yes. Xiaomi competes in a Chinese electric vehicle industry where overcapacity is systemicgovernment subsidies have an imminent expiration date and the competition is fierce. There is another detail that should worry: Xiaomi is delivering cars faster than it is selling them. They are consuming the backlog of accumulated orders at a rate that exceeds the entry of new orders. An optimized factory running at maximum capacity is impressive, but if demand is not growing at the same rate, you have built production capacity for a level of demand that you have not yet proven exists. What is coming in 2026 is a kind of convergence of pressures: The portfolio of premium configurations will be exhausted. Subsidies will disappear. And security regulations will be tightened. Xiaomi will have to demonstrate that it can be profitable by selling cheaper cars, without public aid and meeting stricter standards. It is the moment when companies that built a real business are separated from those that surfed favorable temporary conditions. The trap of early profitability is not that the numbers are false. It’s that they make you believe that you have solved the problem when you have only optimized for the easier phase. The real test of Xiaomi Auto is not whether it can make quality cars (it has already proven this) but whether it can build a car business that works when the novelty wears off and it has to compete car for car with rivals that cannot afford to lose. That answer is not in the third quarter report. It’s coming. In Xataka | Xiaomi is no longer a brand: there are several brands fighting over the same logo Featured image | Xiaomi

After a weekend of floods, deaths and evacuations, AEMET confirms that calm is coming for the New Year

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Málaga, Granada, Murcia and the south of the Valencian Community have passed a complicated weekend with floods, deaths and displaced people. In fact, in some areas of the southeast the worst has not happened yet. And people are tired: «”I feel like selling everything and leaving town: the rains are increasingly torrential”, said a neighbor from Cartama (Málaga). However, we will forget again. We will start the year cold, yes. But also with a strong anticyclone, with fog and frost. There will be no rain except somewhere in the south/east and the Balearic Islands; something that with the night movements of New Year’s Eve, is good news. However, the models start to draw that with the New Year there can also be a change in pattern. A change of pattern? Starting Thursday, as explained by Duncan Wingenthe models contemplate “the rise of the Atlantic ridge towards Iceland and Greenland”: it is what experts call the “Atlantic ridge.” It is a tongue of high pressure at altitude that bulges over the Atlantic and extends towards high latitudes. It is a wall that diverts the current from the west. What it represents for Spain. It’s hard to saythe truth. The effect on the peninsula depends on where the dorsal ends up placed. Or, close the Atlantic corridor and we have a few days of stable, dry and cold weather on the surface. Or, it favors the entry of cold from the north with thermal drops, a winter sensation and snow. Or, finally, the storm corridor opens with the consequent intrusion of Atlantic fronts from the Ocean. That is, rain and a slightly milder climate. What should we expect? It is a great unknown: enormous. And taking into account that it is the key phenomenon to understand what is going to happen in the coming weeks in southern Europe, it is important. Therefore, we have to continue monitoring them closely. Euro-Atlantic regimes modulate temperatures, energy demands and meteorological alerts. The Atlantic Crest is a piece of that puzzle and there are many things that depend on it. It is still surprising because, well, for now we are only going to see a deep, wintery cry. Image | PolarWx In Xataka | La Niña is going to be meteorologically “less intense” than we expected. And that actually hides a problem.

A Xiaomi tablet for less than 95 euros, top price for the MacBook Air M4 and more in the last Bargain Hunting of the year

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The time has come to say it: we are facing the latest Bargain Hunting of 2025. Week by week we have been bringing you the best offers of the week every Friday, something that we were not going to stop doing now because we are immersed in the middle of Christmas. As usual, we are going to review the most outstanding offers on mobile phones, tablets and more that, obviously, are still available. PlayStation Portal by 168.08 euros with the MES15 coupon, the best accessory for PS5 now that allows you to play in the cloud. Samsung Galaxy S25 Ultra by 989 eurosthe winner of the award for the best super high-end mobile of this 2025. MacBook Air M4 by 899 eurosa great laptop that returns to one of its lowest prices. Xiaomi Pad Pro Tablet by 94.05 eurosone of the best tablets we can buy quality-price. iPhone 16e by 549 eurosa very attractive option if we want an Apple mobile but have a tight budget. Make your loved ones happy with the best purchases on these dates and don’t skimp on security when browsing with NordVPN. Only in Xataka, enjoy an extra 40% discount in its Christmas campaign, only accessible through this special link. Advice offered by the brand PlayStation Portal We start this selection of offers with the PlayStation Portalan accessory that arrived in stores to be able to play our PS5 remotely, but that, thanks to a recent updatenow allows you to play in the cloud without needing a console (if we have an active subscription to PlayStation Plus Premium). It offers an 8-inch LCD screen and a control that brings DualSense functions, such as haptic vibration or adaptive triggers. We get it on AliExpress for 168.08 euros with the coupon MES15. The price could vary. We earn commission from these links Samsung Galaxy S25 Ultra A few weeks ago, the Galaxy S25 Ultra rose like the best super high-end mobile of this yearwhich already tells us how good a phone it is. It is a device that has great performance thanks to the Snapdragon 8 Elite, which uses a 6.9-inch screen with the best anti-reflective treatment there is and has an all-terrain camera system that offers great results. Plus, it’s loaded with AI and has seven years of guaranteed updates. Costs 989 euros in its 512 GB version. Galaxy S25 Ultra (512GB) The price could vary. We earn commission from these links MacBook Air M4 Just before the year ends, the MacBook Air M4 at its lowest price in several stores. It is not Apple’s most powerful laptop, but it is one that offers great performance and is perfect for working or studying. Furthermore, thanks to the performance offered by the M4 chip and its 16 GB of RAM, it will be a computer that will be with us for many years. We have it available for 899 euros. Apple 2025 13-Inch MacBook Air with M4 Chip: Designed for Apple Intelligence, 13.6-Inch Liquid Retina Display, 16 GB Unified Memory, 256 GB SSD, Spanish Keyboard; Midnight The price could vary. We earn commission from these links Xiaomi Pad Pro Tablet Is it possible to have a good tablet for less than 100 euros? The reality is that yes, especially if we take advantage of this MediaMarkt offer to the Xiaomi Pad Pro. It is a device that, quality-price ratio, is very interesting for studying or watching movies comfortably without depending on a TV. It stands out for its 12.1-inch LCD screen compatible with Dolby Vision and a 10,000 mAh battery that will give us enough autonomy for day-to-day life. When you put it in the cart, its price automatically stays at 94.05 euros. Xiaomi Pad Pro (6+128GB) The price could vary. We earn commission from these links iPhone 16e We close this selection of offers with another mobile phone, specifically the iPhone 16e. This device is a very interesting option if you are looking for an Apple mobile, but you do not want to spend what the new iPhone 17 costs. It is a compact phone with a 6.1-inch OLED screen and good performance thanks to the Apple A18 that it has. In addition, it has a very good autonomy and, like all Apple phones, it is more than likely that it will last us for many years. We have it available for 549 euros. The price could vary. We earn commission from these links Some of the links in this article are affiliated and may provide a benefit to Xataka. In case of non-availability, offers may vary. Images | PlayStation, Samsung, Apple, Xiaomi In Xataka | The best mobile phones (2025), we have tested them and here are their analyzes In Xataka | Best wireless headphones. Which one to buy and 21 models from 15 euros to 470 euros

Every year thousands of Madrid residents go up to Puerto de Cotos to see something exceptional. And every year they get trapped

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For those of us who live in Madrid, Christmas has convinced us that there are issues that are completely unchanged from year to year. We know that the best thing we can do on the December long weekend is to flee the city (or at least the center), that going to Doña Manolita to buy a lottery ticket is almost impossible and that someone is going to be left stranded in Puerto de Cotos when the snow makes an appearance. Let the Civil Guard come! The day of marmot snow. Madrid has its favorite place to go to the snow in Puerto de Cotos. Those who grew up in Madrid are very likely to have launched a sled down the slope, taken their first steps on skis in Valdesquí or taken a broth for Sale Marcelino. And, above all, they have been snowed in, have been cold and had problems returning to the city. It doesn’t matter whether it’s public transportation or private transportation, every year Cotos collapses. The last time was yesterdayMonday, December 22, when hundreds of people sought refuge on buses to return to Madrid with temperatures below zero and snow accumulating. But the year doesn’t matter. In 2024 There were those who waited three hours to get on one of the buses that serve the port. In 2023 Cars piled up in the ditches. In 2021 Access had to be cut off and endless queues to get on the buses were repeated. In 2016 Dozens of hikers had to take shelter due to a sudden change in the intensity of the snowfall. It is clear that we could continue. Between the cold and the bus. Yesterday was one of those snow days that turn into a nightmare. One of those in which the Civil Guard has to intervene to control the situation. And the perfect storm occurred: snow in the mountains and a non-working day. Perfect situation to get stuck at the top of the mountain. This was how it was for the more than 200 visitors who saw a way not to return to the city, they collected in The Spanish Newspaper. At two degrees below zero, snowing and with the prospect of not being able to get on the bus, the Civil Guard had to go to the top of Cotos to bring order and control the chaos. In statements to Telecincoa user pointed out that she had been waiting since midday for more buses to board, as the driver had promised, but the volume of potential passengers continued to collapse public transportation. In the images you can see how a traffic jam completely collapses the only available bus. Click on the image to go to the original tweet Insufficient The big problem with the Cotos port is that it can be relatively easy to go up, but going down is another problem. And while the climb is staggered, on the way down there are crowds of passengers waiting to take refuge inside a bus that will take them down to the street. Buses in which you can only travel seated, just as one of the drivers claimed. And to get off the port on a daily day and with the Valdesquí station closed, the frequencies are very low. In those conditions only bus line 691 which connects the city of Madrid with the top of the port is available at 11:05, 16:35 and 18:35. The only alternative is to go up with a car and chains in the trunk in case the situation gets complicated. Click on the image to go to the original tweet And the train? Yes, indeed, Cercanías had a train that covered the climb to Cotos from the town of Cercedilla. It is line C9opened in the 1960s but has been completely closed for renovation works on infrastructure and trains since 2024. The reopening is not expected until the summer of 2026. As long as the deadlines are met. The Cercanías trains also used to be full when the snow arrived but they offered some guarantee to passengers. First because they could move a high volume of people (up to 220 passengers per trip) and second because you could buy the tickets in advance, thus reserving the place to go and return to the mountains. The bus alternative, however, has been scarce. With the train line closed, Renfe has only arranged five departures bus from Puerto de Cotos to Cercedilla where hikers can opt for another Cercanías train or intercity buses to return home. On daily days, Renfe had the same volume of trains but its capacity was greater. Foreseeable unforeseen. What is surprising is that these situations occur every year. And despite the fact that the AEMET had already warned of the arrival of snow and an increase in traffic to the Port of Cotos on a non-school day was foreseeable, the hikers found themselves with public transport that was clearly insufficient and without Civil Guard patrols to order the chaos. It seems evident that these situations occur exceptionally but the Madrid Transport Consortium (CRTM) shows that it does not have sufficient flexibility to guarantee the arrival and evacuation of those who go up to the Puerto de Cotos by public transport, with a clearly insufficient provision of buses for these days. And few alternatives. But, also, the other big problem that Madrid has is that the alternatives are minimal. The region has more than six million inhabitants but the options of visiting the snow for those who go to the Madrid mountains on time are minimal. And the thing is that Puerto de Cotos is located above 1,800 meters of altitude. Among the alternatives is the Port of Navafría or the Puerto de la Morcuera, which can be reached by road. However, getting there by public transport is nothing short of a pipe dream since there are no nearby towns the size of Navacerrada or Cercedilla with Renfe stations to get there quickly. Thus, a funnel is … Read more

lights and shadows of one of the most outstanding foldings of the year

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Take the step to a folding phone or not? That is the question that many people ask themselves when looking for a device that break with the schemes that have dominated for years. But the answer is not so simple. Before making the decision, multiple factors come into play, from the available budget to the resistance and performance of the phone, to its real usefulness on a day-to-day basis. In a new 24/7 Xataka YouTube channel We put one of the most outstanding folding products of the year to the test. We talk about Samsung Galaxy Z Fold7a proposal that, as we already mentioned in the first impressions and later in the reviewstands out for its solid arguments. Now, once the initial illusion is over, an inevitable question arises: is it still a good mobile phone over time? To answer it, Ana Boria has tested it for you for almost six months. Samsung Galaxy Z Fold7, is it still as good after months of use? The first great rating from our companion comes after a month of use. “I can’t fault its performance.“, he says. It is not a gratuitous statement. Much of the merit lies in the Snapdragon 8 Elite accompanied by 12 GB of RAM that we find inside. Performance is up to any day-to-day demands. Of course, in the video it is also clear that not everything is perfect and some shadows begin to emerge, one of them quite unexpected. Already in the fourth month with the Samsung Galaxy Z Fold7, Ana launches an assessment that points directly to one of the aspects that Samsung had tried to correct with this model. “Although we already have a much more normal format than in previous generations, for my taste it is still too vertical,” he says. It is worth remembering that the South Korean company defends that, when it is closed, the experience is very similar to that of a mobile phone in conventional bar format. Another key point for many users is autonomy. And one of the most reliable ways to measure it is to observe its behavior after months of real use. Ana shares her experience with the telephone in different day-to-day scenarios. “I wanted to tell you that I am quite surprised with the battery of this foldable“, he comments. The question remains in the air: has it really met your expectations? The last section of the experience focuses on the photographic section. Here Ana puts the cameras to the test during her vacation in Japan. “When shooting with the main sensor we get images with good dynamic range, good sharpness and a very accurate white balance,” he explains when talking about daytime photos. It also leaves a particularly relevant assessment on the performance of the cameras in night conditions. As we say, Ana’s complete experience after all these months with the Samsung Galaxy Z Fold7 It is now available on YouTube. We invite you to watch the video and leave us your comments, both in this article and on our channel. Images | Xataka In Xataka | There is a cheap TV sweeping Amazon: after a week of use it became clear in which situations it can make sense

For Google, 2025 could have been a terrifying year. It’s going to end up being one of the best in its history

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It’s not how it starts but how it ends. If Google is having a Christmas dinner, that might be a good phrase to sum up what your year has been like as you raise your glass in a toast. And the Mountain View-based company began 2025 with several dark clouds on the horizon that threatened both its present and its hegemony for the future. But of course, it seems Google still has some time left. Google entered 2025 knowing that it had three major legal battles ahead that could end up amputating precious members like Chrome or its advertising business, with OpenAI in the rearview mirror in the AI ​​race and a troublesome new US president to adapt to. However, Google has not only emerged victorious, but has also managed to maintain the status quo of your structure (for now) and has emerged as the most cutting-edge AI company there is. And furthermore, the accounts come out: is breaking profit records. What has Google done to change its 2025 like this? Being in Google’s shoes in January of this year was not easy. Going through the courts was inevitable and the consequences were potentially devastating for their main sources of income. Declared a monopoly, there were possibilities before it such as the forced sale of Chrome. He also had to give explanations for anti-competitive practices in advertising and his battle with Epic Games It could have resulted in the drastic reduction of commissions in the Play Store on Android, opening the doors to other payment methods and third-party stores. Facing the Justice Department of Trump’s new era was not the best of scenarios either: it is not the first time that the new US president is critical of Google. AI has made them leave their comfort zone. After years of dominating with its combination of Google and Chrome, today the focus has been on artificial intelligence and here it could not be left out, among other things, because it is disrupting its search business. ChatGPT launched a new long-distance race, that of AI, where it started behind technologically speaking and has had to face new and old rivals: the veterans Microsoft and Meta, but also OpenAI and Anthropic. Billions of investment in R&D&I and data centers just to try to keep up. Google has made a huge bet with AI in every way with the hope that it ends up: 1. being profitable. 2. being one of the companies that survive to benefit from it. Because AI is in this phase of filming and expansion and is anything but profitable. And he is risking everything, even cannibalizing his goose that lays the golden eggs: his search business. However, its position is privileged: it has enormous economic muscle, an entire ecosystem and sectors where it leads. This 2025 the wolf was coming for Google, but it was not like that: You have avoided the sale of Chrome. Yes, the judge ruled that Google was a search monopoly, but he did not uphold the Justice Department’s most critical move. The DOJ defended that separating Google from its browser would eliminate one of the company’s great ways to attract users and direct them to its search engine. And be careful, because there was no shortage of buyers. The judge considered that this operation would be “incredibly complex and very risky.” It also allowed Google to continue paying Apple to ensure the prominent presence of its search products. But it did not emerge unscathed: the ruling requires it to share data with competitors (once, not continuously) and to limit exclusive contracts. The future of your advertising business is an unknown. Google yes lost its other big antitrust trial and here the DOJ wants to force you to sell your advertising exchange market and your Ad Manager tool. However, the judge’s predisposition seems to indicate that there will be an agreement that brings a change in behavior before touching the structure of Google, a slower process that could be delayed longer with an appeal from the company licensed by Sundar Pichai. Your (eternal) dispute with Epic. Google lost the case two years ago and this summer it was defeated again… and appealed again. Of course, along the way it has had to allow alternative payment methods and list alternative app stores. As in the previous case, Google hopes to soften the measures: for now it has already negotiated with Epic to reduce commissions and add a new category of registered app stores. Furthermore, it will do so globally. This is decided next month and if it goes ahead, Android will change but Google will still have control. It is not trivial, considering that a new operating system for PC based on Android will arrive in 2026. With Trump, a clean slate. The Mountain View company has had to use diplomacy and open its wallet. It should be remembered that after the capitol incident, Google banned Trump’s account from YouTube. Well, the president of the United States sued them and this year the soap opera has come to an end with YouTube paying 22 million dollars to close the agreement. On the other hand, Google was among the big tech companies that financially supported at the inauguration of the current president of the United States. If Google has had to defend itself in court, in technology it has gone on the attack. We could talk about the advances of the Pixel (which there have been), but the hardware It is not the company’s priority at all. Google has had a fantastic year in AI both in data and in story. Because with AI it is not enough to be the best, you also have to lead the conversation. Its video generator Veo 3 took over social networks, Nano Banana (and later, its Pro version) has starred in trends such as become a Stranger Things character either in an action figure. But it’s not just fashion: it’s that its video models, images and, ultimately, Gemini 3 … Read more

Elon Musk says AGI will arrive in 2026. He said the same thing last year

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Artificial general intelligence or AGI is the great goal that AI gurus keep mentioning. From Sam Altmanpassing through Zuckerberg and his superintelligence teameven of course Elon Musk. The problem is that they are already beginning to repeat themselves and this whole thing sounds more and more like a huge déjà vu. Today he doesn’t trust, tomorrow he does. Surely you have come across this nice sign in some of those authentic bars or shops. The AGI is starting to sound exactly the same. They count in Gizmodo that Elon Musk has set a date for the arrival of the long-awaited AGI: 2026. He recently said that Grok 5, which will be launched next year, had 10% chance of getting the AGI and it seems like he’s now upping his ante. During an xAI meeting, Musk stated that he is confident that the company’s ability to scale its computing power will help them achieve AI that surpasses human intelligence. Everything good, except because in 2024 he said that the AGI would arrive in 2025. He hype and the calm. What happened to Musk is further proof of the disconnect between the discourse of the “sellers” of AI and the experts who make AI. Altman, Musk and Zuckerberg start from the idea that the more AI scales (that is, the more investment is made), the sooner AGI will arrive. From there exorbitant investment in data centerssome the size of entire cities. On the other side we have AI researchers and developers, whose speech is much more realistic. Yann LeCun recently saidconsidered the godfather of AI, that the path to achieving AGI is not language models, but world models. Research also points in that direction and recently we talked about how language is not the same as intelligenceso the current path seems more like a dead end. Andrej Karpathy, co-founder of OpenAI, has also spoken out, and in his opinion the AGI will arrive, but it will take at least another decade. Musk’s other predictions. According to Business Insiderin the meeting with xAI employees, Musk also talked about the construction of data centers in space, an idea with which several companies are flirting in view of the energy problem. Musk related this infrastructure to his plans to colonize Mars and pointed to the possibility that Tesla Optimus robots were the operators of these infrastructures. It hasn’t always been so optimistic. In 2017 issued a warning: “It is urgent to regulate artificial intelligence before it becomes a danger to humanity.” Maybe 2017 sounds very far away, but we don’t have to go that far back. In 2023 signed a letter with other personalities from the technological world in which he called for AI laboratories to pause model development for at least six months due to the immediate danger of a replacement of humanity. Today he believes that AGI is imminent and defends that AI will do everything for us and that “working will be optional.” Musk’s speech on AI has taken a radical turn, especially now that he has an AI company. What things. Image | Gage SkidmoreFlickr In Xataka | Implanting a chip in your hand to perform magic tricks sounded spectacular. Until you forgot your password

Time magazine decided that “the architects of AI” were ‘Person of the Year’. And chaos broke out in the betting houses

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‘Time’ magazine has named ‘Person of the Year’, its traditional editorial recognition of the most relevant people of the year, to the “Architects of AI”. The topic is sensitive and controversial, and has unleashed opinions for and against the election. But it has also unleashed a parallel and unexpected tidal wave: people losing small fortunes at betting houses because of this Time decision. Beings of the year. When ‘Time’ revealed on December 11 that “AI Architects” (and not simply “AI”) would be its “Person of the Year 2025”, betting platforms Polymarket and Kalshi were plunged into absolute chaos. More than $75 million was left hanging over semantic disputes over what exactly constitutes a “person.” We are not going to go into the legitimacy of that decision or the technical quality of the cover assembly, but we can comment on how The cover effect among betting professionals brings to the table some characteristics of unregulated speculative markets that convert cultural events into casino chips. The collapse of betting. The users of Polymarket who invested more than $6 million betting on “AI” as the winner discovered that its interpretation did not match the platform’s rules. The final decision established that the title “Architects of AI” was not equivalent to designating artificial intelligence as such, giving thousands of bets as losers. The distinction was crucial: Naming those who build the technology differs radically from crowning the technology itself. In KalshiHowever, bets on individual executives (Sam Altman, Elon Musk, Jensen Huang, Mark Zuckerberg, Dario Amodei, Lisa Su and Demis Hassabis) were winners, while those who bet on corporate entities such as “ChatGPT” or “OpenAI” lost. Polymarket had more restrictive rules: betting specifically on “Jensen Huang” was a losing option, validating only the generic “Other” option. Polymarket cited an illustrative precedent: if ‘Time’ awarded “Donald Trump and the MAGA movement,” bets on Trump would win; but if the title were just “The MAGA Movement,” Trump would be excluded even if he was on the cover. Other Polymarket controversies. This scandal adds to a series of episodes that question the integrity of Polymarket. In November 2024, an unauthorized modification to the Institute for the Study of War (ISW) maps temporarily showed a Russian advance on the Ukrainian city of Myrnohrad. The change allowed bettors to earn returns of up to 33,000% before ISW admitted to fraudulent editing and fire the responsible geospatial specialist. weeks latersomeone identified as AlphaRaccoon generated profits of $1.15 million by betting with suspicious accuracy on the results of the 2025 ‘Google Year in Search’. Meta engineer Haeju Jeong documented on social media that the bettor had gotten 22 of 23 predictions right, including that singer d4vd (with just 0.2% probability) would top the searches. the same user had previously won $150,000 predicting the exact launch of Gemini 3.0, which fueled accusations of privileged access to Google information. Semantic controversy. And another one from Polymarket, which got into define whether President Zelensky had worn a suit at the NATO summit in the summer of 2024. Despite more than forty global media describing his outfit as a formal suit, the resolution protocol UMA (a decentralized oracle on Ethereum that verifies real-world data for blockchain applications) ruled “No” in a series of bets that moved $242 million. Numerous media They talked about large holders of UMA tokens manipulating the result through coordinated voting. Person of the Year, or whatever. Time magazine has been deliberately stretching the definition of “person” for decades, setting precedents that preempted this year’s confusion. In 1982 he chose “The Computer” under the title “Machine of the Year”, while 1988 crowned “The Endangered Earth” as “Planet of the Year”. The 2006 edition generated controversy by awarding an indeterminate “You”, referring to all users of digital content. “The Silence Breakers” of the #MeToo movement (2017) and “US Scientists” (1960) are other examples of award-winning collective entities. In Xataka | Five years ago he worked from his bathroom on the brink of ruin. Today he runs a company valued at 8 billion

AI needs 650 billion a year to sustain itself. The problem is who will put them on the table

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Those responsible for the JPMorgan banking entity they have done numbers. For AI companies to achieve a 10% return on their capital expenditure In 2030, they will need to collectively earn $650 billion. That’s like saying that the 1.4 billion iPhone users will pay $400 a year to use those models. It’s not impossible, but certainly it doesn’t seem simple. Many use it, few pay. Above all, because today the number of paying users is very small. According to the data from the consulting firm Menlo Venturestoday 1.8 billion people use AI around the world, but only 3% of them (54 million) are paying customers of some subscription. ChatGPT as an example. OpenAI esteem that in 2030 that percentage will rise to 8.5% for its user base, which they project will be 2.6 billion a week. That is to say: 220 million people will be subscribed to one of ChatGPT’s payment plans, which will probably have different prices than the current ones in 2030. They do not seem sufficient, at least a priori, to make the firm profitable as promised. Advertisements. It is more than likely that the advertisements they end up being the other great resource to earn revenue from AI models. Although Sam Altman indicated in the past that advertising would be “the last resort” to monetize, recent data reveal that those ads are about to be part of the user experience on ChatGPT. A very risky bet. JPMorgan’s estimate points to a future in which billions of people will pay a lot of money a year to use the best AI. Apple account with 1 billion subscribers to its services, Netflix with 300Spotify with about 280and Google account with 150 million subscribers on Google One alone. It is evident that there are many users willing to pay for services that are useful and entertaining. The question is whether AI will be for so many people. And AI companies, of course, are confident that they do. The non-surprise of the bubble. In The Economist indicate that a potential explosion of the AI bubble already it’s not going to surprise anyone. The curious thing is that there is no excessively notable concern for the consequences. In recent years the economy seems to have recovered surprisingly well from disasters such as the European energy crisis after the start of the Ukrainian War or the tariffs imposed by the US. Recessions, this economic newspaper points out, they are becoming rarer. Everyone has jumped on the bandwagon. Mass vulnerability exists, however. Stocks today represent 21% of Americans’ economic wealth —more than in the dotcom bubble—, and investment in AI companies is responsible for half of the increase in that wealth over the past year. And therein lies the danger. Recession in sight? People have earned more money and saved less: if the bubble bursts in a similar way to what it did with dotcoms, The Economist believes that net worth will fall by 8%. That in turn would cause a notable decrease in consumer spending. It is estimated that the US GDP would decline by 1.6%, enough to push the country into recession. The difference with dotcoms. In this case that global recession It might not be so deep for a clear reason: the root would be in the investment markets, and therefore it could be overcome with a little more room for maneuver. Central banks could cut interest rates to boost consumption, a good thing on that front but dangerous for vulnerable economies. The shock wave of the explosion. If the bubble bursts, what could also occur is a painful reconfiguration of global trade. Lower US demand would reduce its trade deficit, but would worsen the excess China production capacity. By not being able to sell (as much) to the US, it would flood other markets with its products, which would probably cause some protectionism in Europe and Asia. The world is preparing for the stock market crash, but not so much for the economic and geopolitical consequences that will follow. In Xataka | OpenAI has no problem inflating the AI ​​bubble – it has a problem with it bursting too soon

how to see your statistics and what’s new this year

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Spotify Wrapped 2025 has arrived. Like every year at this time, the dominant music streaming service offers its annual summary, giving users the statistics of everything they have listened to in 2025. You will be able to know your most listened to artists and albums, your most played songs, your favorite musical genres or the podcasts where you have spent the most hours. Let’s start this article by telling you how to access your statistics. But then we go to the important part, where we will tell you everything you are going to find in your annual summary and the main news that you will find in the Wrapped of this 2025. How to see your Spotify Wrapped To access your Spotify Wrapped, the first step is make sure you have your application updated. For that, you will have to review your application in Google Play for Android and App Store for iOS, and see if there are any updates. Having the app updated, just by entering it you will see an ad for Wrapped to click on it and access the experience. You can also enter with the browser from any device, through the address spotify.com/es/wrapped. What you will find in the Wrapped This year, users will have the ability to use Wrapped in a slightly more flexible way, controlling the pace of the experience. You can go back to specific moments without having to start from the beginning. As for the content, on the one hand you will have classics like watching your most listened to artistsas well as podcasts and the total listening minutes you’ve spent on Spotify. You will also have the classic messages from some of these artists. Each of this data will be a vignette that you can share in social media stories. There are also some classic visualizations that are renewed slightly modifying its content. They are the following: Most listened to genres: Come back to see the musical genres you’ve listened to the most. Perhaps the most listened to song: A kind of interactive game to guess what your most listened to song is. Artist career: You will see a visualization with the race towards your most listened to artist, being able to see how they have varied over the months. Most listened to songs and their playlist: You will see your five most listened to songs, and a playlist will be generated that you can listen to whenever you want. This year there are some new things interesting, about a dozen of them. These are the most notable: musical age: Your musical tastes are compared with those of other people in your same age group. Most listened to albums: It seems unbelievable, but until now you couldn’t see the albums that you had been listening to the most during the year. Creator Tip: You can receive messages from one of your favorite podcast creators, just like with artists. Clubs: This story shows you the listening habits that have defined users’ 2025. There are six different clubs with a different listening style, and each user will be assigned one. Wrapped Party: This new interactive feature allows you to compare your music tastes with those of your friends. All the stories that make up the Wrapped will be able to be shared. But also, when you get to the end you will have a last story with classic data such as your favorite artists and songs, as well as the total minutes and your musical genre. So, you can share this summary on your social networks for everyone to see. In Xataka Basics | 53 third-party tools and apps to get the most out of Spotify with statistics, playlists and new features

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