Podcasts about Circular

Confira nesta edição do JR 24 Horas: Quase 20 milhões de veículos devem circular pelas rodovias de São Paulo para a virada do ano. Muitas pessoas já deixaram a capital. As praias do litoral sul paulista são as mais disputadas no momento. As filas no primeiro pedágio, no sentido litoral, são grandes e há congestionamento por excesso de veículos. Segundo a concessionária do sistema Anchieta-Imigrantes, além dos pontos de pedágio, há lentidão ao longo da via. O trecho mais crítico fica entre os quilômetros 26 e 53, no sentido litoral. Na Anchieta, do km 27 ao 40. E ainda: Réveillon em Copacabana deve reunir 2,5 milhões com forte esquema de segurança.

Farmer Ryan and EcoChic Bioplastics announced a new partnership to expand circular, renewable alternatives to petroleum plastics globally, blending sustainability expertise with advanced material science to provide scalable, high-performance, cost-neutral solutions that cut waste, reduce emissions, and help organizations meet ESG objectives across industries worldwide. Farmer Ryan City: Oklahoma City Address: 8107 S I-35 Service Rd. Website: https://farmerryan.com/

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In this episode of The Liquidity Event, AJ and Shane dig into the trillion-dollar AI ecosystem, from NVIDIA's massive market cap to the circular funding loops tying together OpenAI, Microsoft, and the rest of the AI stack. They debate whether today's infrastructure buildout is necessary progress or a replay of past bubbles, and what happens if one key player breaks the chain. The conversation then shifts to SpaceX's active tender offer, what employees need to know right now, and why timing across tax years can be life-changing for equity holders. Along the way, AJ and Shane explore high-tax residency decisions, year-end planning pressures, and the real-world implications of building massive data centers, including job creation, community development, and energy costs. The episode wraps with behind-the-scenes updates on Gemini, market optimism for 2026, and a refreshingly silly mid-December detour or two. Key Timestamps (00:00) Welcome, holiday vibes, and guest appearance from Charlie Mason (03:00) California pride, taxes, and why people still stay (05:00) How AJ and Shane pick articles (and why tangents win) (08:30) Philly cheesesteaks, grills, and peak mid-December chaos (10:30) NVIDIA, OpenAI, and the trillion-dollar AI money loop (13:30) Circular deals, AI bubbles, and "being right no matter what" (16:30) Infrastructure scale: AI vs. telecom vs. AWS (19:30) Data centers, job displacement, and AI's real costs (22:00) SpaceX tender offers, liquidity timing, and tax strategy (29:00) Gemini updates, 2026 optimism, and wrapping the silliness

José María Fernández Alcalá, director de Economía Circular de IHOBE, revela cómo el País Vasco impulsa la sostenibilidad en la industria.

Send us a textIn this episode, Stephanie McLarty reflects on the major themes of the circular economy in 2025, highlighting the challenges and breakthroughs in e-waste management, circular value creation, the Right to Repair movement, collaboration, digital product passports, compliance with new regulations, and the need for a fundamental rethinking of business practices to embrace circular principles.  Takeaways 2025 has seen significant shifts in the circular economy. Circular value creation maximizes resource value throughout a product's life cycle. Collaboration is essential for circular transformation. Collaboration is essential for circular transformation.  Thanks for tuning in to The Circular Future. If you enjoyed this episode, please leave us a review on our Podcasts, or wherever you listen.  Interested in joining us as a guest? Reach out to Sanjay Trivedi at strivedi@quantumlifecycle.com  Thanks for tuning in to The Circular Future. If you enjoyed this episode, please leave us a review on Spotify or Apple Podcasts, or wherever you listen. Interested in joining us as a guest? Reach out to Sanjay Trivedi at strivedi@quantumlifecycle.com. Listen to more episodes at https://quantumlifecycle.com/podcast, and stay connected with us on LinkedIn.

Bill Gurley (@bgurley) is a general partner at Benchmark, a leading venture capital firm in Silicon Valley. His new book is Runnin' Down a Dream: How to Thrive in a Career You Actually Love.This episode is brought to you by:Momentous high-quality creatine for cognitive and muscular supportOur Place's Titanium Always Pan® Pro using nonstick technology that's coating-free and made without PFAS, otherwise known as “Forever Chemicals”Shopify global commerce platform, providing tools to start, grow, market, and manage a retail businessCoyote the card game​, which I co-created with Exploding Kittens*Timestamps:[00:00:00] Start.[00:01:43] The book that gave Jerry Seinfeld permission to pursue comedy and inspired Runnin' Down a Dream.[00:03:59] AI bubble or not?[00:06:33] Circular deals and SPV chaos.[00:12:01] Angel investing in the AI era.[00:14:32] Why you should be the most AI-enabled version of yourself, regardless of field.[00:20:47] China deep dive: Ten days, six cities, high-speed trains, and a Xiaomi SU7 factory tour.[00:22:43] Communism misconceptions.[00:25:40] Lei Jun: The Steve Jobs of China.[00:29:17] Jack Ma, ByteDance's invisible CEO, and the risks of prominence in China.[00:32:11] America vs. China (Lawyers vs. engineers).[00:41:01] Keys for US competitiveness.[00:43:47] Bill is bullish on these countries.[00:47:30] Matthew McConaughey's “Don't half ass it” moment.[00:49:45] Runnin' Down a Dream thesis: Helping people pursue X instead of A, B, or C.[00:51:03] The 80,000-hour question.[00:52:47] The self-learning test.[00:56:58] Bob Dylan as music expeditionary.[01:00:27] Go to the epicenter where the action is.[01:10:56] Danny Meyer's pivot.[01:13:30] Working for free.[01:19:37] Never too late: Tito Beveridge started Tito's Vodka at 40.[01:21:51] AI sanity checks.[01:25:59] AI-proof bets.[01:29:13] Sam Hinkie's Moneyball moment.[01:32:37] Competitive strategy, avoiding false failures, and regret minimalization.[01:43:46] Purpose, Progress, and Prosperity — the P3 Policy Institute.[01:47:18] Regulatory capture explained.[01:51:55] Why the IPO market is broken.[02:01:52] Stablecoins putting Visa and Mastercard on notice.[02:03:40] Hopes for Runnin' Down a Dream and parting thoughts.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Project finance for carbon removed from the atmosphere to supply beverage and heavy industry customers in the US and abroad.

Circular.ie, Ireland's national platform for circular economy communications, has announced 40 community groups and organisations as recipients of the Circular Communications Grants, with a total value of €100,000. The scheme, funded by the Government of Ireland under the Circular Economy Fund, supports projects that are advancing circular living, strengthening community engagement and helping to build a more sustainable future across the country. Selected from more than 350 applications from all over Ireland, the successful recipients are delivering a diverse range of initiatives covering reuse, repair, upcycling, education and behavioural change. Full details of the winning projects can be found here on Circular.ie. Congratulating the winners, Minister of State at the Department of Climate, Energy and the Environment with special responsibility for the Circular Economy, Alan Dillon TD said: "This grant programme will help raise awareness of the innovative initiatives happening across Ireland and of those working to build a more sustainable future. We are proud to recognise their work and help them to increase the visibility of their activities and the significant role they play in building circular communities." Commenting on the announcement, Eibhlin Fitzpatrick, Community Liaison Manager at Circular.ie, said: "We were delighted to receive such a high calibre of applications for this grant. They are a real testament to the fantastic quality of circular work happening in communities throughout Ireland. It was a highly competitive process, and we have ensured grants were awarded to meet the needs, diversity and geographical spread of projects. We are genuinely looking forward to working with the winners as they continue to strengthen and expand their impact." Circular.ie has confirmed that the grants scheme will operate annually, with applications reopening in August next year. Interested community groups and organisations are encouraged to keep an eye on Circular.ie for information on next year's grants scheme. To support continued development of circular communications skills nationwide, Circular.ie will launch a series of 12 monthly online communications webinars starting in January. These sessions are open to all community initiatives and will focus on practical ways to engage with their audiences. Groups are also encouraged to explore the communications toolkits available in the Circular Communities section of the website. The schedule for future webinars will be available on www.circular.ie/circular-communities. See more stories here.

La aprobación de una Ley General de Economía Circular en México es una hoja de ruta para el futuro de toda América. México ha hecho punta en una Ley General de Economía Circular que establece pautas para generar menos basura y además darle valor económico a lo que nosotros generamosy eso que se traduciría en lo que se llama empleos verdes. Es transformar una economía extractiva que usa y tira y diseñar un modelo para reparar, reutilizar y reciclar.Este tipo de ley es un ejemplo que debemos seguir nosotros. Es una materia pendiente en nuestro país. Nosotros tenemos que dejar de darle la espalda al tema ambiental, que es lo que está sucediendo en estos momentos.

AAD PARTE 1: La ingeniera química Paula Rapado acaba de ganar el Premio a la Mejor Tesis Doctoral en Economía Circular de la Cátedra Cogersa con un trabajo que investiga el uso de residuos forestales para la producción de plásticos. Nos acompañan en los estudios Paula Rapado, ganadora del Premio a la Mejor Tesis Doctoral en Economía Circular de la Cátedra Cogersa y Salvador Ordóñez, catedrático de Ingeniería Química y Tecnología del Medioambiente y uno de los dos tutores de su tesis doctoral. AAD PARTE 2: “El Pruvianu” es el personaje en las redes sociales detrás del que se esconde, o se muestra, Denis Soria, guía turistico, responsable de “Ser Asturianu. Turismu auténticu”. Además, forma parte de “Colectivu Madreñada”, que organiza una serie de actividades este domingo en Uviéu para reivindicar la importancia de este calzado tradicional, la madreña. AAD PARTE 3: "Llocántaru" es un grupo musical que desde su creación en 2009 ha tenido como uno de sus principales cometidos la preservación y divulgación de la música popular asturiana. Ahora publica su primer disco, "Escanciando cantares", destacando la importancia de la declaración por la UNESCO de la cultura de la sidra asturiana, incluyendo la música, como Patrimonio Cultural Inmaterial de la Humanidad.Hablamos con Fernando Nuño, Fernando Entrialgo y Rebeca Velasco, componentes de Llocántaru

Como é que é malta, já tinham saudades? Peguem num pijama quentinho, ponham-se debaixo dos lençóis e venham ver a rádio mais fixe da 2ºCircular com os Bombazine!00:00 - Intro01:20 - O nome "Bombazine" foi aleatório04:27 - Processo de criação em grupo08:48 - Atuar nas grandes cidade vs atuar no interior13:01 - Sonho de atuar no Paredes de Coura15:43 - Gostos além da música20:12 - Músicas que marcaram21:34 - Festival da Canção27:21 - Sentido das letras das músicas33:13 - Criação do Grã-Matina e do Samba Celta 36:00 - Evolução e futuro dos Bombazine 40:32 - Perguntas Rápidas43:35 - FinalFicha Técnica:Moderação: Catarina Proença e Daniela MaralhasCoordenação/Realização: Henrique FerreiraProdução: ESCS FM (Ângela Salgueiro, Bernardo Santos, Gonçalo Martinho e Matilde Ricardo)Captação: Henrique Ferreira e Matilde RicardoSom: Matilde RicardoEdição: Henrique FerreiraDesign: Vasco FonsecaGenérico: Pryde

En este episodio analizamos cómo avanza la movilidad en un momento clave para el sector. Empezamos con una charla con Meinrad “Meine” Spenger, CEO de Más Orange, que nos explica cómo afrontan los retos de la contaminación y qué está aportando el 5G a la movilidad conectada. En nuestra sección de AutoScout24, junto a Alejandro Moya, repasamos la historia de un icono del motor: el Toyota MR2. Desde el ligero y carismático AW11, pasando por el potente y temperamental SW20, hasta el purista y divertido ZZW30, exploramos cómo evolucionó este deportivo de motor central que marcó a toda una generación. También comentamos la nueva alianza estratégica entre Renault Group y Ford, una colaboración que promete nuevos modelos para Europa y que ya deja ver su enfoque a través de vehículos como los futuros Renault 4 y Renault 5, así como los próximos Ford Capri y Explorer. Hablamos con Antonio Ordúñez, Policía Municipal de Madrid y uno de los peritos más experimentados de España en accidentes con patinetes eléctricos, para descubrir lo que nadie cuenta sobre su seguridad y sus riesgos reales. A propuesta de Fernando Gómez Blanco abordamos el papel clave del automóvil en el cambio energético: la apuesta coreana por el hidrógeno frente a la estrategia de Toyota, y el impulso de los combustibles sintéticos con Porsche y sus e-fuels. Además, analizamos los exclusivos Audi RS6 que acaban de recibir los hermanos Márquez, con los detalles de Alejandro Martín de Audi España. En nuestra sección de Seguridad Vial con Hyundai, actualizamos la situación de las balizas V16 y nos preguntamos si la DGT dará marcha atrás. Volvemos también a mirar a China: 2026 será un año decisivo para entender hacia dónde irán las ventas de los fabricantes chinos en Europa y cómo pueden cambiar el equilibrio del mercado. Y cerramos con el espacio de TotalEnergies, donde Sabina Esteban nos descubre los secretos de los lubricantes de competición Excellium Racing 100. Participan: Antonio R. Vaquerizo, Alex Moya, Javier Quilón, Rubén Gómez, Fernando Rivas, Jose Lagunar, Fernando Gómez Blanco (director de Centímetros Cúbicos), Fernando García Poves (responsable de tráfico en la AEGC), Antonio Ordúñez (Policía Municipal de Madrid, departamento de investigación de accidentes de tráfico) y Meinrad “Meine” Spenger (CEO de Más Orange). Escúchanos en: www.podcastmotor.es Twitter: @AutoFmRadio Instagram: autofmradio Twitch: AutoFMPodcast Youtube: @AutoFM Contacto: info@autofm.es

The State of Sustainability Podcast is where we unpack the topics and trends of corporate sustainability, hosted by Saif Hameed, Founder and CEO of Altruistiq.This time, Saif takes the mic solo to dive into a topic that - according to former Starbucks CSO Michael Kobori - is about to become everyone's priority: Extended Producer Responsibility (EPR) schemes.In this episode, Saif unpacks his "hot takes" on EPR that you won't find in standard reports. He explores:• The rise of EPR: How a concept once dismissed by the "Jesuits of capitalism" as fantasy has evolved into hard law across Europe and the US.• The hidden drivers: Why cash-strapped municipalities and visceral consumer concerns about waste are accelerating these schemes faster than traditional ESG regulations.• The compliance headache: The complexity of navigating fragmented global schemes and the "who watches the watchers" problem regarding Producer Responsibility Organizations (PROs) and their conflicts of interest.• The market reaction: How the "fruit flies" of the corporate ecosystem (consultancies and software providers) are swarming to solve the data burden.• The opportunity for circularity: Moving beyond the "tax" mentality to a model where brands actually get their materials back - improving durability and reducing costs.Rather than viewing EPR simply as a cost of doing business or a funding mechanism for waste collection, Saif makes the case for a strategic shift - where forward-thinking companies use these schemes to close the loop on their own products, driving true additionality and system change.To find out more about what we do at Altruistiq, visit Altruistiq.comThis podcast is produced by The Podcast Coach.

How can global corporations and local entrepreneurs collaborate to fight plastic pollution at scale?In this week's episode, host Anna Stablum welcomes Jessie Coates, EY Corporate Responsibility Markets Leader, and Bintang Ekananda, Founder and CEO of Alner. Together, they unpack the unique public-private partnership known as TRANSFORM, a collaboration between Unilever, the United Kingdom's Foreign, Commonwealth & Development Office (FCDO), and EY. This decade-long initiative connects multinationals with mission-driven startups in Asia and Africa to scale innovative, market-based solutions.Jessie and Bintang share how Alner's refill-and-reuse business model is helping reduce plastic waste in Indonesia and how this collaboration supports both impact and profitability.During this episode, you will learn:How refill systems are transforming local retail in IndonesiaWhy big brands benefit from investing in impact-driven startupsHow public-private partnerships accelerate sustainability solutionsWhat's needed to scale circular packaging models & reduce single-use plastic wasteDon't miss an episode—subscribe to ESG Decoded on your favorite podcast platform and follow us on social for the latest updates!Episode Resources: Alner – Circular Retail & Refill Solutions in Indonesia: https://www.alner.id/ TRANSFORM Program – Unilever, UK FCDO and EY Impact Accelerator: https://transform.global/ EY Ripples – Shaping the future with confidence: https://www.ey.com/en_gl/corporate-responsibility/ey-ripples UN Treaty on Plastic Pollution (Global Plastics Treaty Overview): https://www.unep.org/intergovernmental-negotiating-committee-plastic-pollution -About ESG Decoded ESG Decoded is a podcast powered by ClimeCo to share updates related to business innovation and sustainability in a clear and actionable manner. Join Emma Cox, Erika Schiller, and Anna Stablum for thoughtful, nuanced conversations with industry leaders and subject matter experts that explore the complexities about the risks and opportunities connected to (E)nvironmental, (S)ocial and (G)overnance. We like to say that “ESG is everything that's not on your balance sheet.” This leaves room for misunderstanding and oversimplification – two things that we'll bust on this podcast.ESG Decoded | Resource Links Site: https://www.climeco.com/podcast-series/Apple Podcasts: https://go.climeco.com/ApplePodcastsSpotify: https://go.climeco.com/SpotifyYouTube Music: https://go.climeco.com/YouTube-MusicLinkedIn: https://www.linkedin.com/company/esg-decoded/IG: https://www.instagram.com/esgdecoded/*This episode was produced by Singing Land Studio  About ClimeCoClimeCo is an award-winning leader in decarbonization, empowering global organizations with customized sustainability pathways. Our respected scientists and industry experts collaborate with companies, governments, and capital markets to develop tailored ESG and decarbonization solutions. Recognized for creating high-quality, impactful projects, ClimeCo is committed to helping clients achieve their goals, maximize environmental assets, and enhance their brand.ClimeCo | Resource LinksSite: https://climeco.com/ LinkedIn: https://www.linkedin.com/company/climeco/IG: https://www.instagram.com/climeco/

In this episode, we dive into a surprising but essential topic for a life-friendly future: trade networks and resource sharing. Guest Rana Hajirasouli, circular-economy innovator and founder of the climate-tech startup The Surpluss, explains how nature's systems can inspire smarter, more collaborative ways for industries to reduce waste, strengthen supply chains, and unlock new forms of value.With experience spanning marine conservation, international law, and manufacturing (as well as recognition from the World Economic Forum and UAE's Future 100), Rana brings a sharp, systems-level perspective to what circularity can look like in practice. From industrial symbiosis to resource sovereignty, she breaks down how we can redesign our networks the way nature does: with efficiency, reciprocity, and resilience at the core. Tune in for a compelling conversation about what's possible when we rethink how we share.Learn more about The Surpluss. Note: Host Lily Urmann is welcoming the newest biomimic in January, and will be on maternity leave until June 2026. Grab some Learning from Nature merch including shirts and sweatshirts.If you want to begin your own learning from nature journey, take a course from Learn Biomimicry. Gain the skills to apply 3.8 billion years of research and development to your business, projects, and daily life.Listeners can save 20% on the Biomimicry Short Course Set, and 10% on the Biomimicry Practitioner and Educator Program with code LEARNINGFROMNATURE or by visiting this link.Thank you Pine Peak Productions for helping to evolve Learning from Nature to the next level! 

How can the metals sector advance circularity while navigating rising demand, resource scarcity and geopolitical pressure? In this panel from the Circular Valley Forum 2025, industry and policy leaders discuss the opportunities and constraints of creating a more circular metals system. The speakers include Inge Hofkens, COO at Aurubis, Dr. Heike Denecke-Arnold, CEO of Salzgitter Flachstahl, Bruno Pelli from Vale in Brazil, Dr. Ing. Paul Mählitz from the German Mineral Resources Agency (DERA) and Dr. Matthias Koehler, Deputy Director General for Raw Material Policy, Circular Economy and Resource Protection at the German Federal Ministry for Economic Affairs and Climate Action. The panel explores recycling limits, alloying element recovery, the role of scrap in decarbonisation, and how global market dynamics shape European resource strategies. This episode is part of our series in collaboration with Circular Valley and features sessions recorded at the Circular Valley Forum 2025.

La jornada informativa de hoy expone una combinación decisiva de seguridad, política y economía en México, marcada por la captura de César Duarte, tensiones diplomáticas con Estados Unidos y un debate legislativo que redefine la política arancelaria y regulatoria del país.La detención del exgobernador César Duarte por presunto lavado de dinero se convierte en la primera acción de alto perfil de la Fiscalía General de la República bajo la titularidad de Ernestina Godoy. El caso, vinculado a desvíos superiores a 6 000 millones de pesos, reactiva cuestionamientos sobre corrupción, cooperación internacional y capacidad institucional para procesar delitos financieros complejos. Palabras clave: seguridad, Fiscalía, corrupción, lavado de dinero.En materia laboral, México cerró noviembre con un récord de 22.8 millones de empleos formales registrados ante el IMSS; sin embargo, la informalidad alcanzó 55.7% y afectó a casi 34 millones de personas, con impacto diferenciado por género y marcado por desigualdad regional. La dinámica evidencia un mercado laboral dual, donde el crecimiento económico no se traduce plenamente en trabajos formales y donde persiste un déficit estructural. Palabras clave: empleo, informalidad, desigualdad laboral.El episodio también analiza el reclamo público de la presidenta Claudia Sheinbaum para que la FGR aclare la reclasificación del ataque con auto bomba en Michoacán, que inicialmente se investigaba como terrorismo. El caso abre un debate sobre criterios periciales, tipificación del delito y capacidades de inteligencia para responder a la violencia en regiones de alta conflictividad.En el ámbito legislativo, Ricardo Monreal confirmó que la Cámara de Diputados discutirá esta semana iniciativas clave: la Ley de Economía Circular, reformas a la Ley General de Salud —incluida la prohibición total de cigarrillos electrónicos y vapeadores— y una reforma arancelaria que propone aumentos de hasta 50% para productos provenientes de países sin tratados comerciales con México. Palabras clave: aranceles, economía, comercio exterior.Además, Banamex estima que el impacto inflacionario de la reforma arancelaria podría ser menor al previsto, mientras la CIA solicitó a México la expulsión de presuntos espías rusos operando bajo cobertura diplomática.

Tab Babbitt watched lumbermen literally breaking their backs on the whipsaw and thought, "There must be a better way."Become a supporter of this podcast: https://www.spreaker.com/podcast/true-stories-with-seth-andrews--5621867/support.

La jornada política, económica y de seguridad dejó cinco temas centrales que delinean el rumbo nacional y la relación de México con Estados Unidos, el Congreso y los mercados. En este episodio presentamos un análisis puntual de los hechos más relevantes para iniciar la semana con información verificada y contexto actualizado.El episodio abre con la concentración encabezada por la presidenta Claudia Sheinbaum en el Zócalo, donde más de 600 mil personas se reunieron para escuchar un mensaje enfocado en profundizar el proyecto político iniciado en 2018. Se abordan las referencias a la relación bilateral con Estados Unidos, el encuentro con Donald Trump y la defensa del principio de “coordinación sin subordinación”, así como sus posicionamientos frente a la oposición y las recientes movilizaciones.En el ámbito legislativo, revisamos la agenda adelantada por Ricardo Monreal, presidente de la Jucopo, quien confirmó que esta semana se discutirán reformas a la Ley General de Salud, la iniciativa de Impuestos Generales de Importación y Exportación y la propuesta de Ley de Economía Circular. Explicamos su impacto económico y los sectores productivos involucrados.En temas de seguridad, detallamos el exhorto del gobierno de Estados Unidos a la Fiscalía General de la República para fortalecer la estrategia de desmantelamiento de organizaciones criminales y profundizar la interoperabilidad del Sistema Informático Nacional. Analizamos la relevancia del nuevo Registro Criminal de Armas de Fuego y la actualización metodológica para documentar homicidios dolosos.En el plano partidista, revisamos la instalación del Consejo Político Nacional del PRI y su posicionamiento rumbo a 2027. Evaluamos el discurso de su dirigencia, los escenarios de coalición y sus definiciones sobre seguridad, gobernabilidad e institucionalidad.Finalmente, presentamos el reporte económico del Inegi: la confianza del consumidor cayó a 44.2 puntos, su nivel más bajo desde 2022. Explicamos los cinco componentes del indicador, el retroceso mensual y anual, y los factores que explican la cautela en el gasto.Sitio web: https://www.fermoctezuma.newsRedes sociales: @fermoctezumao (todas)

00:00 Intro 00:50 Berkshire buying $GOOGL: AI revenue 06:35 Mag7 heavy capex 12:30 Circular nature of AI 16:27 Thoughts on the $NFLX / $WBD deal 29:00 $FISV / $LRN massive sell-off 43:00 Insurance business heading into 2026 45:50 Housing industry 51:00 Capital cycles

The round was co-led by Salesforce Ventures and Anjney Midha (AMP), and saw participation from a16z, NVIDIA, Northzone, Creandum, Earlybird VC, BroadLight Capital, General Catalyst, Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva and Figma Ventures. Also, analysts will be watching to see if Thrive-owned firms actually succeed in building long-term profitable businesses using OpenAI's tech, or if the result is really just pumped up valuations based on speculative market potential. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Emergency Return of Shenzhou 20: China's Shenzhou 20 spacecraft is making an uncrewed emergency return to Earth after sustaining damage from a micrometeoroid, which caused a crack in its window. The crew safely returned on a different vessel, marking a significant first for China's space program.Galactic Neighborhoods Matter: The Deep Extragalactic Visible Legacy Survey (DEVELS) reveals that a galaxy's local environment significantly influences its evolution. Galaxies in crowded clusters exhibit slower star formation rates compared to isolated ones, providing crucial insights into cosmic evolution.Launch Week Extravaganza: This week sees 10 scheduled orbital launches, including five Starlink missions by SpaceX, South Korea's COMSAT 7 satellite launch by Arianespace, and Japan's H3 rocket carrying a critical GPS satellite, highlighting the rapid advancements in the global space industry.Ancient Mars Rivers: A new study identifies 16 massive ancient river drainage systems on Mars, suggesting a much wetter past. These findings offer promising locations for searching for signs of past Martian life, utilizing high-resolution data from Mars orbiters.Solar Activity Alert: The sun has unleashed a powerful X 1.9 class solar flare, causing radio blackouts and raising concerns about future solar activity. Forecasters are closely monitoring a larger sunspot region that could impact Earth with potential geomagnetic disturbances.Sustainable Space Practices: Experts advocate for a circular space economy to combat space debris, emphasizing the importance of designing durable, repairable satellites and creating multi-purpose space stations to ensure sustainable operations in orbit for future generations.For more cosmic updates, visit our website at astronomydaily.io. Join our community on social media by searching for #AstroDailyPod on Facebook, X, YouTubeMusic, TikTok, and our new Instagram account! Don't forget to subscribe to the podcast on Apple Podcasts, Spotify, iHeartRadio, or wherever you get your podcasts.Thank you for tuning in. This is Avery and Anna signing off. Until next time, keep looking up and exploring the wonders of our universe.✍️ Episode ReferencesShenzhou 20 Emergency Return[China National Space Administration](http://www.cnsa.gov.cn/)DEVELS Survey Findings[Astronomy Journal](https://www.astronomy.com/)Launch Week Highlights[NASA Launch Schedule](https://www.nasa.gov/launchschedule)Mars River Systems Study[Mars Reconnaissance Orbiter](https://mars.nasa.gov/mro/)Solar Activity Reports[NOAA Space Weather Prediction Center](https://www.swpc.noaa.gov/)Circular Space Economy Initiatives[Astroscale](https://astroscale.com/)Become a supporter of this podcast: https://www.spreaker.com/podcast/astronomy-daily-space-news-updates--5648921/support.Sponsor Details:Ensure your online privacy by using NordVPN. To get our special listener deal and save a lot of money, visit www.bitesz.com/nordvpn. You'll be glad you did!Sponsor Details:Ensure your online privacy by using NordVPN. To get our special listener deal and save a lot of money, visit www.bitesz.com/nordvpn. You'll be glad you did!Become a supporter of Astronomy Daily by joining our Supporters Club. Commercial free episodes daily are only a click way... Click HereThis episode includes AI-generated content.

  In this special holiday episode of Climate Correction Podcast, we welcome Dr. Pablo Ribeiro Dias, co-founder and chief technology officer at SOLARCYCLE, a pioneering, tech-driven recycling company producing sustainable, domestic materials at scale for the solar industry. Dr. Dias is a world-renowned researcher in solar PV module and e-waste recycling technologies. He leads innovation in high-value, low-cost recycling processes that are shaping the future of renewable energy.  With dual PhDs from UFRGS (Brazil) and Macquarie University (Australia), and a master's in photovoltaics recycling, Dr. Dias has authored seminal papers, book chapters, and multiple patents that advance the field of photovoltaic recycling. His research and thought leadership have been featured in The Guardian, Cosmos, PV Tech and Solar Power World. In 2023, Business Insider named him among its Climate Action 30, which recognizes thirty global leaders building real climate solutions.  As we close the year, Dr. Dias shares insights from his new book, Climate Changed: The Science of Sustainability and How Each of Us Can Do Our Part. The book is a perfect stocking stuffer for the climate-conscious reader. He invites us to reimagine sustainability through systems thinking, circular design and a regenerative mindset that scales solutions without sacrificing justice or humanity.  Key Points:  Climate change isn't a mystery. It's a systems problem. We can redesign our economic, energy, and material systems to be regenerative rather than extractive.  Sustainability = Systems + Scale, leaving nobody out of the equation. True sustainability ensures scalability without exploitation.  Circular economy ≠ recycling. It's about reimagining products and industries for repair, reuse, and reintegration.  Individual action multiplies change. When people act collectively, through voting, investing, and innovating, the impact compounds.  Hope is a discipline, not a mood. The future remains unwritten, and data-driven optimism fuels transformation.  What does living sustainably in the 21st century really mean? It's about alignment across energy, agriculture, and materials to build a livable planet for all.  Episode Links:   pablodias.net  SOLARCYCLE LinkedIn: https://www.linkedin.com/company/solarcycle-inc/   

It's our weekly sports round table on Afternoons Live with Tyler Axness. In studio are Brian Shawn and Derek Hanson to give you a full recap of the week that was in sports.See omnystudio.com/listener for privacy information.

Hoy te hablo sobre el concepto de dinero infinito, economía circular y que cuando uno compra algo uno no gana y el otro pierdeConviértete en un seguidor de este podcast: https://www.spreaker.com/podcast/marketing-digital--2659763/support.Newsletter Marketing Radical: https://marketingradical.substack.com/welcomeNewsletter Negocios con IA: https://negociosconia.substack.com/welcomeMis Libros: https://borjagiron.com/librosSysteme Gratis: https://borjagiron.com/systemeSysteme 30% dto: https://borjagiron.com/systeme30Manychat Gratis: https://borjagiron.com/manychatMetricool 30 días Gratis Plan Premium (Usa cupón BORJA30): https://borjagiron.com/metricoolNoticias Redes Sociales: https://redessocialeshoy.comNoticias IA: https://inteligenciaartificialhoy.comClub: https://triunfers.com

This blog is the best explanation of AI intelligence increase I've seen: https://metr.org/blog/2025-03-19-measuring-ai-ability-to-complete-long-tasks/ ### Defining Market Bubbles - Traditional definition: 20%+ share price decline with economic slowdown/recession - Alternative perspective: hype/story not matching reality over time (dot-com example) - Duncan's view: share prices ahead of future expectations - Share prices predict future revenue/profit - Decline when reality falls short of predictions ### Historical Bubble Context - Recent cycles analyzed: - COVID (2020) - pandemic-led, quickly reversed with government intervention - GFC (2008) - housing bubble, financial crisis, deeper impact - Tech bubble (1999) - NASDAQ fell 80%, expectations vs reality mismatch - S&L crisis (1992) - mini financial crisis - Volcker era (1980s) - interest rates raised to break inflation ### Current AI Market Dynamics - OpenAI: fastest growing startup ever, $20B revenue run rate in 2 years - Anthropic: grew from $1B to $9B revenue run rate this year - Big tech revenue acceleration through AI-improved ad platform ROI - Key concern: if growth rates plateau, valuations become unsustainable ### Nvidia as Market Bellwether - Central position providing GPUs for data center buildout - Recent earnings beat analyst expectations but share price fell - Market expectations vs analyst expectations are different metrics - 80% of market money judged on 12-month performance vs long-term value creation ### AI Technology Scaling Laws - Intelligence capability doubling every 7 months for 6 years - Progress from 2-second tasks to 90-minute complex programming tasks - Cost per token declining 100x annually on frontier models - Current trajectory: potential for year-long human-equivalent tasks by 2028 ### Investment Scale and Infrastructure - $3 trillion committed to data center construction this year - Power becoming primary bottleneck (not chip supply) - 500-acre solar farms being built around data centers - 7-year backlog on gas turbines, solar+battery fastest deployment option ### Bubble vs Boom Scenarios - Bear case: scaling laws plateau, power constraints limit growth - Short-term revenue slowdown despite long-term potential - Circular investment dependencies create domino effect - Bull case: scaling laws continue, GDP growth accelerates to 5%+ - Current 100% GPU utilization indicates strong demand - Structural productivity gains justify investment levels ### Market Structure Risks - Foundation model layer: 4 roughly equal competitors (OpenAI, Anthropic, Google, XAI) - No clear “winner takes all” dynamic emerging - Private company valuations hard to access for retail investors - Application layer: less concentrated, easier to build sustainable businesses - Chip layer: Nvidia dominance but Google TPUs showing competitive performance

Irish Manufacturing Research (IMR) as secretariat of CIRCULÉIRE is delighted to announce the shortlist for the inaugural All-Island Circular Venture Awards. Ten ventures will pitch to a high-profile audience of investors, industry leaders, policy makers, and media on 27th November to compete for a €10,000 prize pool. Open to late-stage start-ups and ventures across the island of Ireland, the All-Island Circular Venture Awards are designed to recognise companies pioneering the emergence of the circular economy sector by enabling or demonstrating a circular value proposition. The ten shortlisted companies include Arcology System, Biographene Innovations Ireland, BladeBridge, Circular Food Co, Ecoroots, Gemell Technology Limited, HaPPE Earth, Harp Renewable, Integrated Materials Solutions and Kinset Limited. Circular Venture Awards €10,000 prize pool, Nov 27th The selected ventures represent an extremely broad range of sectors including commercial fitout infrastructure, construction waste management, compostable PPE, biobased production and packaging solutions; repurposed wind energy infrastructure; digital enablement of circular processes; aerobic digestion; additional manufacturing for textiles; and upcycling of food residuals. Referring to the recruitment and shortlisting process, Agnese Metitieri, Circular Economy Venture Lead at IMR, said: "We are very pleased with the wide range of applications we received. Their variety and ingenuity reflect the growing momentum for an emerging and healthy circular ecosystem, with great opportunities for ventures to express transformative potential and build a zero-carbon future for the island of Ireland." To compete for a prize pool of €10,000 plus coaching with international entrepreneurship and circular economy experts, the ventures will pitch to a judging panel of leaders in circular economy innovation, venture investment, and advanced manufacturing. Mark Nodder, Joint CEO of Makers Alliance; Jamie Rowles, Partner at Regeneration.VC; Faye Walsh Drouillard, Founding & Managing Partner of WakeUp Capital; and Dr. Geraldine Brennan, Director of Circular Economy Innovation at Irish Manufacturing Research will adjudicate on the day. The 10 companies pitching on the 27th November are: Arcology System enables adaptive, circular, and waste-free interiors through a modular, sensor-enabled construction system. Bio Graphene Innovations Ireland transforms agricultural waste into bio-graphene materials that decarbonise concrete, enabling seawater use, and establishing a scalable circular manufacturing model for Europe. BladeBridge repurposes retired wind turbine blades into durable infrastructure. Circular Food Co recovers food waste to turn into high value ingredients. Ecoroots transforms agricultural waste into compostable mycelium packaging powered by a data-driven platform for scalable, zero-waste biomanufacturing. Gemell Technology Limited reduces unnecessary textile waste through data-driven 3D visualisation and analytics. HaPPE Earth makes single-use PPE into a circular solution, replacing plastics with compostable materials, converting waste into fertiliser, and delivering ESG insights cutting costs, carbon, and complexity. Harp Renewables supplies advanced, fully circular food waste solutions for all industries. Integrated Materials Solutions (IMS) accepts C&D wastes and processes them into certified low carbon secondary aggregates for reuse in the construction industry. Kinset connects supply chain, material, and lifecycle data in one trusted system, making it simple for brands to demonstrate transparency, enable reuse and recycling, and engage consumers through interactive digital experiences. The All-Island Circular Venture Awards are designed and led by Irish Manufacturing Research (IMR) and funded by the Department of Climate, Energy and the Environment (DCEE). About Irish Manufacturing Research (IMR) IMR partners with industry to demystify emerging technologies, de-risk adoption, a...

It's easy to look at the news headlines and feel like everything is going backwards, but in this episode we ask you to look a little deeper and see the story beneath the headlines. Progress is possible and happening everywhere from plastics to fashion to the automotive sector, and even at COP.Listen in to hear:Whether COP still matters, and if so, for what?Why Honda's circularity center in Ohio is an important stepWhat we learned from Patagonia's first ever environmental and social progress reportWhy many of the world's biggest brands are backing a new agenda for plastics----Explore the articles Seb mentioned in this episode:1) Circular economy thematic day at COP30 (Circular Online)https://www.circularonline.co.uk/news/cop30-marks-first-ever-circular-economy-day-as-global-climate-talks-intensify/2) Honda opening its circularity center (Trellis)https://trellis.net/article/honda-recycling-ohio-plant-opens-circularity/3) Analysis of Patagonia's environmental and social report (Trellis)https://trellis.net/article/patagonias-comprehensive-plan-counter-rising-emissions/4) Reuters on businesses supporting the Foundation's 2030 Plastics Agenda for Businesshttps://www.reuters.com/sustainability/boards-policy-regulation/global-companies-push-regulation-plastics-reduction-report-shows-2025-11-04/

Title: Episode 82: Reclaimed Materials & Circular Models in FSC: What's Next for Chain of Custody? (Episode 2 of 2) Author(s): Worm, Loa Dalgaard Description: In this second episode of our two-part mini-series on the revision of the FSC Chain of Custody standard, we turn our focus toward one of the most forward-looking elements of the revision: reclaimed materials and circular business models. Circularity is rapidly becoming a central part of how companies think about sustainability, and FSC is now taking major steps to make sure the certification system can support models such as leasing, take-back, repair, and reuse. Host Loa Worm is joined by Morten Brodde, Senior Specialist and Analyst at the FSC Circularity Hub, and Doug Patterson, Director at Renewable Strategies and member of the Chain of Custody Working Group. Together they explore what FSC is doing to enable circularity, why this transition is happening now, and how new requirements on reclaimed materials could reshape the experience of certificate holders and create new opportunities in the market. The discussion covers the types of circular models FSC is evaluating, the challenges of bringing them into a certification system, and what companies may need to adapt in order to meet future expectations. The conversation also touches on pre-consumer wood, the proposals under consultation, and the debate around whether salvaged wood from urban contexts should be included in the standard. This episode provides a clear, practical overview of how circularity may become a bigger part of FSC — and what stakeholders should pay attention to as the first round of consultation opens.

El 23 de noviembre de 1908 comenzó a circular la que algunos consideran como la mejor revista infantil de Chile: "El Peneca".

"La basura no existe; solo materiales que aún no encuentran su siguiente vida." En este episodio de Mujeres de Cambio en Climate Tech, conversamos con María Corcuera, fundadora de PLARMEX, una empresa que desde hace más de 30 años está transformando la industria del plástico desde adentro, apostando por materiales circulares, procesos regenerativos y tecnología que redefine lo posible. María nos comparte cómo inició su camino junto a los pepenadores para aprender a separar el PET, los desafíos de emprender en un sector dominado por grandes industrias, y la importancia de que más mujeres lideren la transición hacia un futuro sostenible. Desde la investigación hasta la manufactura, su trabajo demuestra que la innovación climática requiere visión, persistencia… y la valentía de cuestionarlo todo. Este episodio forma parte del programa Mujeres de Cambio en Climate Tech, impulsado por Fomento Social Banamex, la GIZ y Disruptivo.tv, que busca fortalecer el liderazgo de mujeres emprendedoras en toda América Latina que están desarrollando soluciones frente a la crisis climática. Escúchalo, inspírate y descubre cómo las mujeres están cambiando el futuro del clima.  

In our previous episode, we explored how fiber is being used in new and unexpected ways beyond traditional paper production. Today, we’re continuing that story, looking at how the same spirit of innovation is transforming the entire pulp and paper industry. For decades, this sector has quietly been a pioneer in bioenergy and biomaterials. Through its evolution from traditional manufacturing sites into modern, self-sufficient biorefineries - and supported by active, long-term forestry that enables the shift from fossil fuels to sustainable energy - it has become one of the world’s largest producers and users of renewable energy from wood-based residues. But what does this transformation mean for the future of energy, sustainability, and even new revenue opportunities? That’s exactly what we’re exploring in this episode, as we ask: How is the pulp, paper, and fiber industry creating future value through biomass, biofuels, and circular innovation? Joining the discussion are: Gustav Melin, CEO and CFO at Mantex AB Wilson Monteiro, Business Line Manager for Pulp, Paper, and Fibre at ABB Roger Östlin, Head of Sustainable Fuels at SCA and CEO of the SCA–ST1 Follow The Process Automation Podcast wherever you get your podcasts, so you never miss an episode. If you want to get involved and join us as an expert, follow the link to ABB’s website where you can let us know your domain of expertise. Link here or The Process Automation Podcast - ABB GroupSee omnystudio.com/listener for privacy information.

Astăzi vă propunem un antidot la frenezia de Black Friday și o invitație la un consum mai inteligent și mai responsabil:   Circular Monday este o mișcare globală care schimbă modul în care consumăm, cumpărăm și dăm valoare lucrurilor. Invitatul emisiunii de azi este Alexandru Laibăr, purtător de cuvânt al Circular Monday România și unul din cei mai activi promotori ai economiei circulare în România.

In this episode of Healthy Mind, Healthy Life, host Yusuf sits down with Jessica Rennard, Chief Merchandising Officer at HELPSY and long-time resale innovator, for a real conversation on what sustainable fashion actually looks like behind the scenes. They dig into the tension between mission and margins, how circular fashion and resale really work in practice, and why keeping clothes out of landfills is more complex than any tagline. This is a grounded look at circular fashion, resale, and the clothing reuse economy, including what happens when ethics cost money, why brands still overproduce, and how consumers can buy with more intention. If you care about sustainable fashion, circular economy, mental health of founders, ethical leadership, and conscious consumption, this episode gives you practical questions to ask yourself the next time you hit “buy now”.   About the Guest  : Jessica Rennard is Chief Merchandising Officer at HELPSY, a certified B Corp focused on clothing reuse and circular solutions. She has spent years building the resale and returns ecosystem, from launching her own secondhand business to scaling circular returns models for brands. Jessica is known for her no-nonsense perspective on sustainability. She focuses on real impact, not green marketing.   Key Takeaways: Sustainable fashion is still business. Companies like HELPSY must stay profitable while trying to keep clothing out of landfills, which means constant trade offs between mission and margins. Circular fashion works best when companies find a clear model that balances profitability and sustainability, such as circular returns where brands send returns directly to a reuse partner. Doing the right thing sometimes costs money. Paying to repair or recycle damaged items is not always “financially smart”, yet it is essential if a company claims to be sustainable. There is still confusion over who owns responsibility. Brands, consumers, governments, and manufacturers all touch a garment, but no single sector has fully claimed end of life accountability. Secondhand and resale extend a garment's life, but they do not automatically reduce overproduction. If every secondhand purchase is matched with a new one, the system stays linear. Consumers play a key role. Choosing purposeful purchases and planning what will happen to an item when you are done with it are powerful, practical steps. A simple rule. Before buying, ask where that piece will go next. Donate to trusted nonprofits or reuse partners instead of sending clothing to the trash.   How to Connect with the Guest   Listeners can connect with Jessica Rennard here. Instagram: @TheFashionDisruptor Resale business Instagram: @the.nusource (N U S O U R C E) Website: https://pr.nusource.io/jessica    Want to be a guest on Healthy Mind, Healthy Life? DM on PM. Send me a message on PodMatch DM Me Here: https://www.podmatch.com/hostdetailpreview/avik Disclaimer: This video is for educational and informational purposes only. The views expressed are the personal opinions of the guest and do not reflect the views of the host or Healthy Mind By Avik™️. We do not intend to harm, defame, or discredit any person, organization, brand, product, country, or profession mentioned. All third party media used remain the property of their respective owners and are used under fair use for informational purposes. By watching, you acknowledge and accept this disclaimer.   Healthy Mind By Avik™️ is a global platform redefining mental health as a necessity, not a luxury. Born during the pandemic, it's become a sanctuary for healing, growth, and mindful living. Hosted by Avik Chakraborty. storyteller, survivor, wellness advocate. this channel shares powerful podcasts and soul nurturing conversations on • Mental Health & Emotional Well being• Mindfulness & Spiritual Growth• Holistic Healing & Conscious Living• Trauma Recovery & Self Empowerment With over 4,400+ episodes and 168.4K+ global listeners, join us as we unite voices, break stigma, and build a world where every story matters.

CFRA's Angelo Zino expects Nvidia's (NVDA) price to climb almost 50% over the next 12 months. His case relies on "extremely strong" earnings growth that he sees persisting into next year. Angelo also has his eyes on Nvidia's gross margins into Wednesday's report, which he sees being bolstered by the A.I. giant's Blackwell chips. He notes wariness from investors with the "circular A.I." theme through investments and collaborations, but Angelo argues that it's something investors need to get "comfortable" with in A.I.'s later stages. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

In this episode of the LYB Podcast, host Deepi Sidhu speaks with Simon Foster, Industry Marketing Manager at LyondellBasell, about the North America launch of the Purell polymer portfolio. Already trusted in Europe, the Purell portfolio includes medical-grade polyolefins designed for use in applications such as medical devices and pharmaceutical packaging. Simon shares how Purell supports industry needs for consistency, reliability and regulatory readiness — backed by the Purell Service Concept, which includes traceability systems, change notification policies and documentation aligned with global standards. If you're working in healthcare manufacturing — or want to learn how LYB is enabling material innovation — this episode offers insights into a milestone launch that expands local access to proven solutions. Connect with us on social media: LinkedIn: LyondellBasell Facebook: LyondellBasell Instagram: LyondellBasell X: @LyondellBasell Disclaimer Purell is a trademark owned and/or used by the LyondellBasell family of companies and is registered in the U.S. Patent and Trademark Office. Before using a product sold by a company of the LyondellBasell family of companies, users should make their own independent determination that the product is suitable for the intended use and can be used safely and legally.   LYONDELLBASELL MAKES NO WARRANTY; EXPRESS OR IMPLIED (INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR ANY WARRANTY) OTHER THAN AS SEPARATELY AGREED TO BY THE PARTIES IN A CONTRACT. LyondellBasell prohibits or restricts the use of its products in certain applications.  For further information on restrictions or prohibitions of use, please contact a LyondellBasell representative. Users should review the applicable Safety Data Sheet before handling the product. Forward-looking statements The statements in this podcast relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LYB, which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this podcast, the words “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Actual results could differ materially based on factors including, but not limited to, market conditions, the business cyclicality of the chemical, polymers and refining industries; the availability, cost and price volatility of raw materials and utilities, particularly the cost of oil, natural gas, and associated natural gas liquids; our ability to successfully implement initiatives identified pursuant to our Value Enhancement Program and generate anticipated earnings; competitive product and pricing pressures; labor conditions; our ability to attract and retain key personnel; operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportation interruptions, spills and releases and other environmental risks); the supply/demand balances for our and our joint ventures' products, and the related effects of industry production capacities and operating rates; our ability to manage costs; future financial and operating results; benefits and synergies of any proposed transactions; receipt of required regulatory approvals and the satisfaction of closing conditions for our proposed transactions; final investment decision and the construction and operation of any proposed facilities described; our ability to align our assets and expand our core; legal and environmental proceedings; tax rulings, consequences or proceedings; technological developments, and our ability to develop new products and process technologies; our ability to meet our sustainability goals, including the ability to operate safely, increase production of recycled and renewable-based polymers to meet our targets and forecasts, and reduce our emissions and achieve net zero emissions by the time set in our goals; our ability to procure energy from renewable sources; our ability to build a profitable Circular and Low Carbon Solutions business; the continued operation of and successful shutdown and closure of the Houston Refinery, including within the expected time frame; potential governmental regulatory actions; political unrest and terrorist acts; risks and uncertainties posed by international operations, including foreign currency fluctuations; and our ability to comply with debt covenants and to repay our debt. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the Risk Factors section of our Form 10-K for the year ended December 31, 2024, which can be found at www.lyb.com on the Investor Relations page and on the Securities and Exchange Commission's website at www.sec.gov.There is no assurance that any of the actions, events, or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LYB at the time the statements are made. LYB does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law. This podcast contains time-sensitive information that is accurate only as of the date hereof. Information contained in this release is unaudited and is subject to change. We undertake no obligation to update the information presented herein, except as required by law. Our reported emissions and expected reductions are based on a combination of measured and estimated data and are based on industry standards and best practices, including the Greenhouse Gas Protocol and guidance from the American Petroleum Institute. Emissions reported are estimates only, and data is subject to change as methods, data quality, and technology improvements occur. Our goals to reduce emissions are good-faith efforts based on current relevant data and methodology, which could be changed or refined as we evolve our approach to identifying, measuring, and addressing emissions.    

Foundations of Amateur Radio Recently I spent some quality time digging into the origins of a word in common use. In doing so, I contacted the Postal Museum in the United Kingdom and received a lovely reply that included a photo of a document in their archive. The document, a Post Office Circular from Friday, December 30, 1904, number 1641, introduces a new service offered by the Post Office. Let me read to you what it says, and I quote: "Telegrams to and from Ships by Wireless Telegraphy. "(To be noted at Telegraph Offices only.) "With the present Circular is enclosed a list showing the wireless telegraph stations in the United Kingdom worked on the Marconi Company's system, and the hours up to which telegrams can be received at those stations for transmission by wireless telegraphy to certain ships fitted with Marconi apparatus. By another notice in this Circular, Postmasters and others concerned are requested to enter the names of the stations in the Code Book with the necessary particulars. Ships will be issued for insertion in the Post Office Guide. "On and from the 1st January, 1905, Telegrams may be accepted from the public on the following conditions:- "Subject to the Inland Regulations with regard to counting, the charge, which must be prepaid in the usual way by means of stamps, will be at the rate of 6 1/2d. [six-and-a-half pence] a word, with a minimum of 6s. 6d. [six-and-a-half shillings] per telegram. "The name of the wireless station will in each case pass as one word in the address. "The word 'Radio,' which is not charged for, should be telegraphed in the Service Instructions." When I read that, it made the hair stand up on the back of my neck. The introduction of a Wireless Telegram service, under the service heading of "Radio", with a photo of the actual document that introduced it into the world. I also learned that there's a dozen pennies in a shilling and over the years before decimalisation in 1971, the composition of coins changed, which made converting this into today's money interesting. As an aside, the Royal Society has a wonderful article: "The science of money: Isaac Newton's mastering of the Mint" Back to radio, this is 1904 bleeding edge technology and it's priced accordingly. The starting price for a radio telegram on new years day 1905: six bob and six; or three florin and sixpence; or a crown, a bob and a tanner; is worth just over 34 Great British Pounds today, that's just on 45 US Dollars, or nearly 69 Australian Dollars. That's the minimum price. The price per word, sixpence and halfpenny [sixpence hayp-ny] is just over 2 Great British Pounds today, nearly 4 US Dollars or almost 6 Australian Dollars. Compare that to the price of SMS, which started at about 21 cents here in Australia, today it's about 3 cents per message of 160 characters. This seems like a lucrative business to be in, but I digress, again. From my current, and ongoing research, it appears that until this point, the early 1900's, the word "radio" was always accompanied by another word, for example in this context, "radio telegraphy", another combination of the day is "radio active", as well as "radio tellurium", which today we know as polonium. Moving on, the response I received from the Postal Museum included other gems, including a reference to the "1904 Wireless Telegraphy Act", from the 15th of August, 1904, where I found something fascinating, from Section 2 paragraph 1: "Where the applicant for a licence proves to the satisfaction of the Postmaster-General that the sole object of obtaining the license is to enable him to conduct experiments in wireless telegraphy, a license for that purpose shall be granted, subject to such special terms, conditions and restrictions as the Postmaster-General may think proper, but shall not be subject to any rent or royalty." I think that's the birth of amateur radio licensing in the United Kingdom, right there. As an aside, because I cannot help myself, the definition for the expression "wireless telegraphy", is pretty interesting too, reminding me of a quote, variations going back to at least 1866, incorrectly attributed to Einstein that goes something like this: You see, wire telegraph is a kind of very, very long cat. You pull his tail in New York and his head is meowing in Los Angeles. Do you understand this? And radio operates exactly the same way: you send signals here, and they receive them there. The only difference is that there is no cat. Seems that the drafters of the "1904 Wireless Telegraphy Act" had the same thing in mind when they wrote: "The expression 'wireless telegraphy' means any system of communication by telegraph as defined in the Telegraph Acts, 1863 to 1904, without the aid of any wire connecting the points from and at which the messages or other communications are sent and received" Now, as I said, I'm still working on this, because the word "radio" as a concept had to have been conceived before the Post Office Circular was written, printed and published. It might transpire that this was the brainchild of a single individual, or it might be that this was a term whose time had arrived, or this might not be the first occurrence of the word "radio" as a concept. Today we think nothing of it when we use it to turn on the radio, listen to, or talk on the radio, radio for help, break radio silence, and plenty of other uses of this now ubiquitous word. Thanks again to the Postal Museum for finding and photographing the Post Office Circular for the 30th of December 1904, which at this stage appears to be the first occurrence of the word "radio" on its own, and for referring me to the 1904 Wireless Telegraphy act which appears to be the birth of "amateur radio" in the United Kingdom. You can find both documents on my project site at vk6flab.com. I should also mention the brave individuals who took the time to share with me how to refer to Old British Money, any mistakes are all mine. I'm Onno VK6FLAB

Dale Smothers says the Fed must decide which of their dual mandates to risk in the next few months. However, he's still bullish, citing seasonal tailwinds, a strong consumer, and preliminary data showing higher than expected holiday spending. He compares the outsized AI capex to a Three Stooges skit and believes that there is a bubble, though he thinks it might deflate instead of being popped. Despite this, his stock picks right now include AAPL, AMZN, CRWV, RCL, and GLD.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Democrats continue to slap each other over the end of the government shutdown, and we examine whether moderates will be able to stand up to the nutcase Left; questions percolate over the future of the economy; and we discuss how to attain affordability. Click here to join the member-exclusive portion of my show: https://bit.ly/3WDjgHE Ep.2316 - - - Facts Don't Care About Your Feelings - - - DailyWire+: Join us now during our exclusive Deal of the Decade. Get everything for $7 a month. Not as fans. As fighters. Go to http://www.dailywire.com/subscribe to join now. Finally, Friendly Fire is here! No moderator, no safe words. Now available at https://www.dailywire.com/show/friendly-fire Get your Ben Shapiro merch here: https://bit.ly/3TAu2cw - - - Today's Sponsors: Perplexity - Ask anything at https://pplx.ai/benshapiro and try out their new AI-powered web browser Comet at https://comet.perplexity.ai/. PureTalk - Switch to PureTalk and start saving today! Visit https://PureTalk.com/SHAPIRO Helix Sleep - Go to https://helixsleep.com/ben for an exclusive offer. Kars4Kids - Call now: 1-877-Kars4Kids or donate your car online at https://Kars4Kids.org/ben Oracle - Visit https://oracle.com/shapiro to try OCI for free with zero commitment. - - - Socials: Follow on Twitter: https://bit.ly/3cXUn53  Follow on Instagram: https://bit.ly/3QtuibJ  Follow on Facebook: https://bit.ly/3TTirqd  Subscribe on YouTube: https://bit.ly/3RPyBiB - - - Privacy Policy: https://www.dailywire.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Across the United States, discarded food too often ends up just rotting in landfills. But one company in California is harnessing the power of data to make sure those valuable nutrients don't go to waste.Clemens Stockreiter is the Founder and CEO of RE:CIRCLE Solutions, a company transforming pre-consumer food byproducts into sustainable animal feed ingredients. He's spent more than two decades leading recycling and circular economy businesses, including as CEO of PreZero US and CFO of Sky Plastic Group. Today, Clemens joins us to break down how RE:CIRCLE is using science and technology to close the loop on food waste, and build data-driven circular food economies. Highlights:What does RE:CIRCLE do? (1:43)Complexity of organics recycling (2:57)RE:CIRCLE's Ontario Facility (3:59)De-packaging (4:57)California sustainability requirements (5:47)RE:CIRCLE's TraceOS system (7:19)Convincing grocers to participate (8:48)Dealing with different types of food waste (9:43)'Copy and Paste Scalability' (11:03)What's next for RE:CIRCLE? (12:37)The future of circular waste systems (13:34) Links:Clemens' LinkedInRE:CIRCLE LinkedInRE:CIRCLE WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, joe@lowerstreet.co.

NotiMundo Estelar - Gabriela Sommerfeld, Visita Kristi Noem, migración circular y cooperación en seguridad by FM Mundo 98.1

Welcome back to another episode of Upside at the EUVC Podcast, where ⁠Dan Bowyer⁠,⁠ Mads Jensen⁠ of ⁠SuperSeed⁠, ⁠Lomax Ward⁠ of ⁠Outsized Ventures⁠⁠, and this week's guest Jone Vaituleviciute, Managing Partner at ⁠Firstpick⁠ VC, unpack the forces shaping venture across Europe and the Baltics.This week's conversation bridges Lithuania's booming early-stage scene and Europe's macro tensions — from defense investments and bootstrapping culture to Matt Clifford's call for “permissionless growth,” the rise of quant capital, and how Europe's AI reality is evolving fast.

Foundations of Amateur Radio If you use a word often enough it starts to lose its meaning. The other day, during breakfast, well, coffee, whilst playing one of our start-the-day with a smile word games, the word "RADIO" turned up. I grinned and pointed out that this was my favourite word, to which my partner mentioned that in Italian, it's referred to as "La Radio", which made us both wonder where it actually came from, did the Italian language import the word, or export it, given that Guglielmo Marconi was Italian? A quick search advised us that it came from Latin, radius, meaning "spoke of a wheel", "beam of light" or "ray". Fully enlightened we finished our coffee and got on with our day .. except I couldn't stop thinking about this. Having recently spent some quality time looking into the history of the RF Circulator, I figured searching the patent records might be a solid way to get some handle on where this word "radio" came from. Initially Google Patent search unearths the oldest as being from 1996, not very helpful. Adding 1900 as the end date filter turns up a radio cabinet patent with a filing date of 1833, except that it was published and granted in 1931, which is confirmed by the patent itself. This level of corruption in the data affects at least a dozen patents, but I daresay that there's plenty more like that. 1857 turns up a patent with the word "broadcasting", in the context of "broadcasting guano", so, nothing much has changed in nearly 170 years, but I digress. Adding quotes to the search term unearths a patent from 1861, apparently iron roads, locomotives, large slopes and small radio curves relates to the other meaning of the word radius, in Spanish. 1863 gives us ruffle stitching, "made upon the radio", but the patent is so corrupt that it's pretty much unreadable. 1871 unearths an electromagnetic engine, but the text has so much gibberish that I suspect that the word "radio" is a happy accident. 1873 shows us a "Wireless signalling system", bingo, the patent shows us transmitter and receiver circuits, antennas, messages and frequencies and a whole bunch of relevant radio information, except that the date on the patent itself is 1919. And you wonder why people argue about who invented what when? I'll spare you the gas apparatus, petrol lamps with cigar cutter, running gear for vehicles and bounce to 1897, "Method of and apparatus for converting x-rays into light for photographic purposes", the first occurrence of "radio", in the form of "radiograph", complete with pictures of the bones of a hand drawn meticulously from presumably an x-ray. I confess I'm not convinced. Using the United States Patent and Trademark Office search for the word radio gives you 54,688 pages with 2.7 million records, ordered in reverse chronological order with no way to skip to the last page. The World Intellectual Property Organisation finds the same Spanish iron paths patents, but unearths "A Differential Arrangement for Radio Controlled Race Cars" from 1900, but inside we discover it's really from 1979. Seems this level of corruption is endemic in the patent field, wonder who's benefiting from this misinformation? Meanwhile, still looking, I discovered the Oxford English Dictionary, which claims that the earliest known use of the word "radio" is in the 1900's, but the earliest evidence is from 1907 in a writing by "L. De Forest", but you are granted the privilege of paying them to actually see that evidence .. really? On 18 July 1907, Lee de Forest, made the first ship-to-shore transmissions by radiotelephone, which adds some credence to the claim, but I have to tell you, I'm not particularly convinced. Taking a different approach, starting at Guglielmo Marconi, his first efforts in 1894 showed the wireless activation of a bell on the other side of the room. Six months later he managed to cross 3 kilometres realising that this could become capable of longer distances. The Italian Ministry of Post and Telegraphs didn't respond to his application for funding, so in 1896, at the age of 21, moving to Great Britain, he arrived in Dover where the customs officer opened his case to find various apparatus, which were destroyed because they could be a bomb. Lodging a patent "Improvements in Transmitting Electrical impulses and Signals, and in Apparatus therefor", was the first patent for a communication system on radio waves. It was granted a year later. One problem. It doesn't have the word "radio" in it, instead it talks about "a Hertz radiator", so close. So, we've narrowed it down to somewhere between 1896 and 1907, that's an 11 year window. Some observations. De Forest founded a company called "the Radio Telephone And Telegraph Company". It's unclear exactly when this happened, it collapsed in 1909 and was founded after disagreement with management of his previous company, apparently on 28 November 1906. A quick aside, apparently in 1881, Alexander Graham Bell used the word radiophone for the first time, which he used to refer to a system that used light to transmit wirelessly, he also referred to it as a photophone. You could argue that because light and radio are the same thing, this is the first legitimate use of the word "radio" in the context of communication, but I'm not buying it. I'll leave you with the discovery that on 30 December 1904, the British Post Office published a "Post Office Circular" with the instructions to use the word "Radio" in the service instructions, think of it as the metadata associated with a telegram. This information has been repeated often without evidence. If you're keen, the Postal Museum is located in Phoenix Place, London. I've contacted them to see if that particular Circular is in their possession. Amazingly the "Post Office Circulars" have been digitised between 1666 and 1899. So close, but no cigar, that said, I looked for the elusive Volume 7 of the set to see if there were any straggling references to "radio", but couldn't confirm this. The Postal Museum Catalogue returns plenty of early references to radio, but it's hard to tell what's real and what's written after the fact. Anyone know of any research grants that will allow me to dig into this on-site, feel free to get in touch, oh, a bed would be good too .. I think this might take a while. At the moment, the best I have is an uncorroborated "30 December 1904" for the origin of the word "Radio", in English, in other words, it was imported into Italian. No sign of Marconi, Bell, or De Forest. I'm Onno VK6FLAB

This is the fourth and final part of our mini series on the Ellen MacArthur Foundation's new report: How not to fail: Avoiding 10 common pitfalls when scaling circular business models.In this episode, the report's lead researchers, Maddy Oliver and Ella Hedley, explain how success at scale demands more than a strong model – what really matters is who is empowered to deliver it and how well are they aligned.If you enjoyed this series, then please share with your colleagues, or leave us a review or comment on Apple Podcasts, Spotify or YouTube. 

“Circularity” is the latest buzzword in AI, as tech companies strike megadeals with each other. WSJ Heard on the Street columnist Jonathan Weil breaks down why these deals might be a win-win—and how they could go wrong. Plus, WSJ reporter Katherine Bindley explains what brought San Francisco out of the shadow of a doom loop. Belle Lin hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The AI boom isn't just about algorithms — it's about money, power, and a race to build infrastructure on a scale we've never seen before. In this weeks podcast, we break down the circular deals between OpenAI, Nvidia, Amazon, Anthropic, and even Elon Musk's business empire — and ask the hard questions: Who's paying for this? Where will the electricity come from? And is the industry building a Möbius strip of venture capital and gigawatts that could collapse under its own weight?We'll explore:The spaghetti diagram of AI's biggest playersOpenAI's trillion-dollar data center ambitionsWhy Nvidia's demand might not be what it seemsThe risk of stranded assets and systemic leverageHow geopolitics and energy constraints could shape the futurePatrick's Books:Statistics For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3eerLA0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Derivatives For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://amzn.to/3cjsyPF⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Corporate Finance: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3fn3rvC ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ways To Support The Channel:Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/PatrickBoyleOnFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

This week we talk about entanglements, monopolies, and illusory money.We also discuss electrification, LLMs, and data centers.Recommended Book: The Extinction of Experience by Christine RosenTranscriptOne of the big claims about artificial intelligence technologies, including but not limited to LLM-based generative AI tech, like ChatGPT, Claude, and Gemini, is that they will serve as universal amplifiers.Electricity is another universal amplifier, in that electrifying systems allows you to get a lot more from pretty much every single thing you do, while also allowing for the creation of entirely new systems.Cooking things in the kitchen? Much easier with electricity. Producing things on an assembly line? The introduction of electricity allows you to introduce all sorts of robotics, measuring tools, and safety measures that would not have otherwise been available, and all of these things make the entire process safer, cheaper, and a heck of a lot more effective and efficient.The prime argument behind many sky-high AI company valuations, then, is that if these things evolve in the way they could evolve, becoming increasingly capable and versatile and cheap, cooking could become even easier, manufacturing could become still faster, cheaper, and safer, and every other aspect of society and the economy would see similar gains.If you're the people making AI, if you own these tools, or a share of the income derived from them, that's a potentially huge pot of money: a big return on your investment. People make fortunes off far more focused, less-impactful companies and technologies all the time, and being able to create the next big thing in not just one space, but every space? Every aspect of everything, potentially? That's like owning a share of electricity, and making money every time anyone uses electricity for anything.Through that lens, the big boom in both use of and investment in AI technologies maybe shouldn't be so surprising. This represents a potentially generational sea-change in how everything works, what the economy looks like, maybe even how governments are run, militaries fight, and so on. If you can throw money into the mix, why wouldn't you? And if that's the case, the billions upon billions of dollars sloshing around in this corner of the tech world make a lot of sense; it may be curious that there's not even more money being invested.Belief in that promise is not universal, however.A lot of people see these technologies not as the next electricity, but maybe the next smartphone, or perhaps the next SUV.Smartphones changed a whole lot about society too, but they're hardly the same groundbreaking, omni-powerful upgrade that electricity represents.SUVs, too, flogged sales for flailing car companies, boosting their revenues at a moment in which they desperately needed to sell more vehicles to survive. But they were just another, more popular model of what already came before. There's a chance AI will be similar to that: better software than came before, for some people's use-cases—but not revolutionary, not groundbreaking even on the scale of pocketable phone-computers.What I'd like to talk about today are the peculiar economics that seem to be playing a role in the AI boom, and why many analysts and financial experts are eyeballing these economics warily, worrying about what they maybe represent, and possibly portend.—The term ‘exuberance,' in the context of markets, refers to an excitement among investors—sometimes professional investors, sometimes casual investors, sometimes both—about a particular company, technology, or financial product type.The surge in interest and investment in cryptoassets during the height of the COVID-19 pandemic, for instance, including offshoot products like NFTs, was seemingly caused by a period of exuberance, sparked by the novelty of the product, the riches a few lucky insiders made off these products, and the desire by many people—pros and consumer-grade investors—to get in on that action, at a moment in which there wasn't as much to do in the world as usual.Likewise, the gobs of money plowed into early internet companies, and the money thrown at companies laying fiberoptic cable for the presumed boom in internet customers, were, in retrospect, at least partly the consequence of irrational exuberance.In some cases these investors were just too early, as was the case with those cable-laying companies—the majority of them going out of business after blowing through a spectacular amount of money in a short period of time, and not finding enough paying customers to fund all that expansion—in others it was the result of sky-high valuations that were based on little beyond the exuberance of investors who probably should have known better, but who couldn't get past their fear of missing out on the next big thing.In that latter case, that flow of money into early dotcom startups did fund a few winners that survived the eventual bursting of that bubble, but the majority of companies tagged with those massive valuations went out of business in part because their valuations were based in part on optimism, hot air, and illusory financials.Which is to say, their financials were based on a lot of money being added to their account sheets and tallied in the places investors would see those numbers, but the numbers didn't mean what most people thought they meant.A company could receive tens of millions of dollars in orders, for instance, but that money and those orders might never be received and fulfilled, or that money might be mostly illusory: maybe it was borrowed from another company to spend on advertising, and that money would then go right back out the door, to the company from which it was borrowed, to pay for their ad services.That kind of arrangement could be beneficial, as the company doing the borrowing might give up a relatively small number of shares in exchange for money, which looks good on its balance sheet, especially if the money is given at a high valuation, even if that money was mostly just a loan from a company providing ad services, with the full knowledge that money would then be spent on their own ad services. And the ad company giving the money could usually afford to buy in at a high valuation, because it knows it will get that money right back, and when it does, it will get to record that money as income on its own balance sheets.So Company A gets millions of dollars from Company B, that money is then paid to Company B for some type of service, and both companies get to record favorable figures on their accounting sheets, as if real sales took place and real outside money changed hands, despite it being a circular move, with very little or no actual value being created.These sorts of relationships are also often good for investors in companies that do this sort of thing, because it makes their investments, the companies they've bought into, look even more valuable.Check it out, Company A, which I own shares in, is worth more than it was last month because of all the business it's conducting, and because this other company bought into it at a higher price per share than I paid! Even though that increase in valuation is predicated on circular financing, the numbers still go up, and they go up for everyone involved, so there's little reason to crack down on this not illegal, but shady behavior, and even less reason to want anyone else to know about it, because then they might not add their own money to the circular money-cycling, number-increasing machine.The major concern amongst some analysts right now is that the AI boom, especially in the United States, might be essentially this kind of circular cycle, but much larger than previous versions of the same.In the US right now, investment in AI infrastructure like data centers accounts for a huge portion of overall growth—the numbers vary, depending on who you ask and what numbers they look at, but some say that about 90% of total US economic growth, and around 80% of US stock market growth, are predicated on these sorts of investments this past year. Without these investments, the US economy would be basically flat, or worse, and the US stock market would be flailing as well.This situation isn't ideal whatever the specifics, as too much reliance on just one industry, or one small collection of industries dominated by just a handful of companies and their investors, makes for a precarious financial foundation.If anything goes wrong with just one company, the whole house of cards could collapse. And if anything goes wrong with the industry, things could get even worse, and fast. All that investment, all that construction, all those employees and all that money sloshing around could disappear, could stop being spent, could make all those numbers fall and fall and fall more or less overnight.If this industry is in fact in a bubble, and if it's being propped up by this kind of circular financing, where companies are fluffing up their own and each other's accounting books by rotating the same bundle of money and on-paper money from company to company to company, that would portend pretty bad things for the US economy and market, if anyone involved stumbles, even just a little.This is why recent deals between the biggest players in this space are raising so many eyebrows, and causing so much sweat to bead on so many foreheads.In September of 2025, ChatGPT-maker OpenAI announced it had formalized a $100 billion investment deal with AI chipmaker Nvidia, the latter expanding on its existing investment in the former. In October, OpenAI announced it was purchasing billions of dollars worth of AI hardware from Nvidia-rival AMD, and that it's taking a 10% stake in the company.Microsoft is already heavily invested in OpenAI, to the tune of $13 billion; it takes 49% of OpenAI's profits, and gets more than that until its original investment is paid back. Microsoft also accounted for nearly 20% of Nvidia's annualized revenue, as of the fourth quarter of 2025.Oracle, another computing company which has become hugely influential in this space due to its investment in cloud-based AI datacenters, has a $300 billion deal with OpenAI for future infrastructure buildouts and access, and OpenAI's Stargate datacenter project was co-funded by Oracle and SoftBank. Nvidia also owns part of CoreWeave, which is an AI infrastructure supplier for OpenAI, and which has Microsoft as a massively important customer.All of which is very…tangly. It's an interconnected mess, and OpenAI and Nvidia are at the center of it, but there are a lot of weak spots, threads that, if pulled, would cause the whole thing to unravel. Which is why this feels like such a dangerous setup to many analysts right now.Consider that in 2025 alone, OpenAI has made around $1 trillion-worth of AI deals. A lot of these deals are plans to invest: commitments to buy data center construction or the use of data center bandwidth, or they're financial ties with competitors, clients, and providers—companies that would otherwise be competing with, selling to, and buying from each other, rather than linking arms and creating financial and infrastructural interdependencies.Many of these deals are predicated on debt and what are generally considered to be over-inflated IPO valuations, too: money that isn't money in the traditional, accounting-book sense, in other words. Numbers that make activity, use, and income for these companies look a lot bigger than they concretely are, on balance sheets, which in turn helps their investment numbers go up up up.This dynamic has become overt enough that many of the biggest investors in AI companies, and the heads of said companies, like Sam Altman of OpenAI, have said, outright, that it's probably a bubble, and that a lot of companies will probably go under in the relatively near future. No one knows when, but it's a good thing, they're fond of saying, because that shakeout will kill off the deadweight, allow the survivors to scoop up their former competitors' assets at fire sale prices, and the whole industry will be further centralized around just a handful of the best and the most impactful, just like in the post-dotcom years. Monopolies and mini-monopolies, which, for the people creating and profiting from those monopolies, at least, seems like a good thing.That optimism glosses over what those in-between years look like, though, especially for smaller investors, employees who are laid off, en masse, and the folks who aren't profiting directly from the surviving business entities, and who see their stock portfolios collapse and overall growth in their country decrease.Most of the stories in the tech world right now in some way tie back to the promise and concerns surrounding AI. It's become such a big story because there's a chance it will be the next electricity, but there's also a chance the warning signs we're seeing are real, and things will get a lot worse before they maybe, possibly, for some people, at some point, get better.Show Noteshttps://finance.yahoo.com/news/a-20-billion-clock-is-ticking-for-openai-as-microsoft-talks-turn-fractious-130006071.htmlhttps://www.sfgate.com/tech/article/circular-deals-bay-area-tech-21089538.phphttps://www.theguardian.com/business/2025/oct/08/openai-multibillion-dollar-deals-exuberance-circular-nvidia-amdhttps://www.ft.com/content/950e3a36-7141-4426-b7c5-08fad5d83919https://finance.yahoo.com/news/very-troubling-ais-self-investment-spree-sets-off-bubble-alarms-on-wall-street-160524518.htmlhttps://www.cnbc.com/2025/10/15/a-guide-to-1-trillion-worth-of-ai-deals-between-openai-nvidia.htmlhttps://insights.som.yale.edu/insights/this-is-how-the-ai-bubble-burstshttps://www.bbc.com/news/articles/cz69qy760weohttps://www.nbcnews.com/business/economy/openai-nvidia-amd-deals-risks-rcna234806https://www.bloomberg.com/news/articles/2025-10-08/the-circular-openai-nvidia-and-amd-deals-raising-fears-of-a-new-tech-bubblehttps://flowingdata.com/2025/10/13/circular-deals-among-ai-companies/https://www.nytimes.com/2025/10/07/business/dealbook/openai-nvidia-amd-investments-circular.htmlhttps://sherwood.news/markets/analyst-a-lot-more-disclosure-needed-on-these-circular-ai-deals/https://www.barrons.com/articles/nvidia-microsoft-openai-circular-financing-ai-bubble-5d9a4e7chttps://www.investopedia.com/wall-street-analysts-ai-bubble-stock-market-11826943https://www.goldmansachs.com/insights/articles/ai-may-start-to-boost-us-gdp-in-2027https://finance.yahoo.com/news/most-us-growth-now-rides-213011552.html This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Oct 14, 2025 – AI circular financing raises concerns as firms invest trillions in infrastructure amid lagging user adoption and free Chinese models. With tech CapEx at 4.5% of GDP, risks loom if revenue growth and monetization don't materialize soon...