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We continue to look at the life and times of Uno no Sarara, aka Jito Tenno, female sovereign ruling in her own right.  We look at some of the places she traveled to as sovereign and, ultimately, what she did to ensure that her grandson would succeed her. For more, check our podcast blog page:  https://sengokudaimyo.com/podcast/episode-154 Rough Transcript Welcome to Sengoku Daimyo's Chronicles of Japan.  My name is Joshua and this is episode 154: Queen Uno no Sarara, Part II   Light drifted in from outside the grand audience hall.  It filtered through barred windows and screens, and glinted off of bright gold and bronze accents, as well as the polished stone floor.  Upon a raised dais, surrounded by curtains, sat the tennou, arrayed in all of his youthful majesty.  Before him were princes and high ranking nobles, dressed in their finest court clothing.  Rich brocades of silk and black gauze hats only added to the pomp and circumstance of the moment. The nobles bowed and brought out a small tray.  Upon it were seventeen scrolls, freshly made, representing the latest updates to the laws and punishments of the land.  The nobles presented the work they had overseen, the culmination of a year's effort to further bring into line the organization of the state.  Off to the side, behind a screen of her own, Uno no Sarara watched the proceedings.  She thought back on all that had happened to bring them to this point.  This glittering hall was a far cry from the plain wooden structures of the old Kiyomihara palace.  And while she had never visited them, she could only imagine that this must rival the courts on the continent.  Everything that she and her husband had worked and fought for—all of the battles  they had fought, and all of the friends and children they had lost—she watched as it all came to fruition. The court was never going to be entirely peaceful—there would always be those striving for wealth and power, however they could attain it—but at this moment she no doubt felt as confident as she ever had that her efforts hadn't been for naught.  No matter what happened from here, the State, and her line, would continue.   So let's recap: We started with Part I of Uno no Sarara's reign back in episode 152, and then last episode we took a bit of a detour to go more in depth on the history of Ise and of the worship of Amaterasu more generally.  We talked about how there is good reason to believe that Ise shrine's prominence—and even many of the stories about Amaterasu and her importance in the story of the royal family—were either created or at least emphasized during the reigns of Ohoama and Uno no Sarara.  We ended with a discussion of the Jingikan, the newly created government organization developed to deal with so-called "Kami Matters", formally bringing the administration various shrines under the administration of the State.  Specifically it seems to have focused on State sponsored rituals.  I have no doubt that they took charge of the rituals at court itself, and they were likely involved in the worship at Ise Shrine, as well as the shrines of Tatsuta and Hirose.  On the other hand, as with the spread of Buddhist temples, direct State control was likely limited, at least at this stage, likely focused on the most influential institutions. This episode I want to continue with Uno no Sarara's reign.  She continued to make her mark on the court, tweaking how things worked, especially around the concept of rank.  And then there were her various travels.  These were mostly to her palace in Yoshino, but several other journeys, including a tour of the land of Kii—modern Wakayama prefecture—as well as a visit to her half-sister, Royal Princess Asuka. For all of that, however, the entry in the Nihon Shoki ends with what was perhaps one of the most direct and unique things she did:  Ensuring a smooth transition of power to her grandchild, Prince Karu. And while in this episode we'll (spoiler alert) cover both this power transition and Uno no Sarara's eventual death, we won't be done with her reign and its impact after this episode.  After all, there is still a lot going on around this time, and multiple different threads to pull on.  I expect several more episodes to cover things, such as the creation of hunting and fishing preserves, Buddhist merit-making, crime and punishment, and more.  There are also a few more people to talk about, such as Kakinomoto no Hitormaro, the court poet, and Fujiwara no Fubito and the establishment of the Fujiwara family as we know it.    So let's take a look at Uno no Sarara and what she was up to. She was still very much putting her stamp on things, tweaking the codes and making edicts.  One of the more impactful edicts would seem to be one where she had the government officials and people of the Home provinces all divided into nine classes.  This seems to be introducing yet another rank system, though this one is a bit more technical than the ones that came before. For one thing, it divided everyone up into nine ranks.  To do this, the court were going to take a look at a period of up to 6 years for those who already had rank and up to 7 years for those who did not.  The court—presumably court appointed judges—would use that period to evaluate individuals and slot them into a new system of nine classes.  Those in the first four classes would be given cap-rank based on their individual merits, the services that they had performed, and the importance of their house.  There isn't really a mention about the other five classes, but as they were theoretically the lower classes of society, it may not have been quite so pertinent.  BTW, of the three things that they were using to determine cap-rank, that last one, the importance of the individual's house, strikes me as the nod to the fact that the Japanese had not yet gotten away from the idea of "kabane" type hierarchy.  Granted, it isn't like family was unimportant in the Tang court, the Japanese were just being much more blatant and direct about it. Once everyone was properly sorted into the appropriate cap-rank, new edicts were issued on the official court clothing, which we discussed in Episode 150, and if you check out the blogpost you should be able to see what that looked like. I would note that the cap-rank system would eventually go away and be replaced by a rank system also based on 9 ranks, which then were broken up into upper and lower and junior and senior, so very similar to what we see with cap-rank, with some slight changes.  Uno no Sarara continued to make tweaks to the system, while working on the various large scale projects of the reign.  She wasn't exactly a homebody, however.  As she did all of this, she was regularly taking trips away from the capital. For example, between 689 and 697 she took at least 30 trips to visit Yoshino, sometimes taking as many as five trips in a year.  These were often short—a couple of days and then back to the grind of the court.  However, that's all that we get.  Based on the dates, we can at least make a few inferences.  For one, she was going down in all seasons, so she really must have enjoyed it, and it doesn't seem like it was attached to any particular official date or ritual.  Perhaps it just got her away from the pressure of official life. Some of her travel appear to have been work trips.  Her travel to Ise, which we talked about in the previous episodes, as well as things like traveling to visit the Castle of Takayasu and also to inspect horses at the embankment of Wani-no-kami.  Those appear to have been both trips where she was keeping an eye on things. Other trips, however, provide fewer details.  Mostly we know where she went.  This included trips to Hatsuse, Kii, Takamiya, and Yonabari, in Uda.  We are also told she ascended the Peak of Tou no Mine and later that she made another journey out to the Futatsuki Palace—presumably at the same place.  And we also have a trip out to the country-house of Royal Princess Asuka. Now Hatsuse, Kii, and Uda are all places we've previously talked about.  They are all on the Kii peninsula.  Hatsuse—or Hase—and Yonabari, in Uda, are both due east of modern Sakurai, following the Yamato upriver and then branching off to the aptly named Yonabari river.  These areas are well-referenced in the rest of the Nihon Shoki.  "Kii" is a bit more ambiguous.  Kii refers to the entire land of Kii, or Kii no Kuni—by the way, if you are familiar with the Japanese bookseller "Ki-no-kuni-ya", that name directly references the land of Kii as the family who started it were from Wakayama in Kii, where they served under the Kishu—or Kii—branch of the Tokugawa family during the Edo period.  That said, there were others who also used the name "Kinokuni" as a locative name as well, and you will occasionally see it here or there, even outside of the famous bookstore. The land of Kii is basically all of the southern Kii peninsula.  On the west side, it starts at roughly Wakayama, and includes the mountainous regions south of the Nara basin, wrapping around to the east side of the peninsula, to just south of Ise.  Today it is split between Wakayama prefecture and parts of Mie prefecture, including the towns of Kihoku—literally "Northern Kii"—and Taiki—"Big Kii".  Today, "Taiki" is part of the Watarai district, Watarai being the name of the location where Ise shrine was located.  So you can see that Kii basically included everything from one side of the peninsula to the other. Most of the time, though, I would generally assume that travel to Kii is a reference to the nearby area of Wakayama, especially as there are other references to that area in the form of hunting and fishing restrictions, which we'll discuss more fully in a later episode. This particular trip to Kii sounds like it was a bit of a longer trip, incorporating several locations.  We know that it took roughly eleven days—about a week and a half.  That's enough time to do quite a bit of sightseeing.  In fact, shortly before leaving, Uno no Sarara says that she is going on a "tour" of the land of Kii, and as such the land-tax and poll-tax for Kii would not be collected for a year, since, instead, they were expected to support her visit so that she could travel in appropriate style and so that temporary palaces could be made available for her use.  Kii is an interesting place for Uno no Sarara to visit.  It is mentioned occasionally throughout the chronicles, and its position puts it squarely in Yamato's sphere of influence.  At the same time, its mountainous nature means that it was never quite as populated as regions like the Nara basin or the Kawachi plains, where the large, flat areas were better suited to wet rice paddy agriculture.  In Kii, there are only a few areas really suitable for supporting large populations through agriculture alone, and even today the mountains make travel and construction in the area more difficult, so you don't have the highly concentrated population centers as in other regions.  The area around modern Wakayama city provides some of the best land for agriculture, with some other coastal regions as well. But it is mountains that Kii is known for, and the mountains often have spiritual significance.  Mt. Koya, or Koyasan, would be found in 805 as the center of Shingon Buddhism, but well before that you have the Kumano shrines, also known as the Kumano Sanzan—the three mountains of Kumano. There is a lot of evidence that worship at the three mountains of Kumano was heavily influenced by Buddhism and Buddhist traditions, but that this was a later influence on areas that were already important spiritual sites well before Buddhism arrived in the archipelago.  The exact nature of worship is debated, but the area was important, with "Kumano" once treated as its own land, overseen by the Kumano Kuni no Miyatsuko.  The deities of Kumano and the area more generally features in the Nihon Shoki in the legendary stories of Iware Biko, aka Jimmu Tenno. The Kumano shrines are, ultimately, a series of shrines in the Kumano region, roughly 20-40 kilometers from each other.  There are three main shrines—Kumano Hongu Taisha, Kumano Hayatama Taisha, and Kumano Nachi Taisha—known as the three mountains.  There are numerous other shrines as well.  There are three main deities worshipped, but then also another nine that are considered important as well, for at least twelve kami.  The three main kami – Kumano Musubi no Ohokami, Hayatama no Ohokami, and Ketsumi Mikoto Ohokami – are also considered to be manifestations of Izanami, Izanagi, and Susano'o.  Izanami and Izanagi are famously the progenitor kami of the archipelago, while Susano'o is the storm and ocean deity said to be the rambunctious and troublesome brother to Amaterasu Ohokami.   It is quite likely that the connection with these other kami—who feature prominently in the later stories, was actually a later addition.  Similarly, around the 9th century, the Kumano shrines were heavily influenced by Buddhism, which often co-opted indigenous kami worship by associating the native kami with incarnations of Buddhist figures.  In this case:  Thousand-armed Kannon, Yakushi—or the Medicine—Buddha, and Amithabha.  I must say that associating Amithaba—or Amida—with Susano'o seems like a bold move.  The deity who tossed a backwards flayed colt into Amaterasu's weaving hut is also the Buddha who made the promise that all who call on his name would find their way to the western pure land? I guess. Together, the kami of Kumano are known as the Kumano Gongen, and there is a pilgrimage trail, even today, that leads between the various shrines and peaks, as well as various temple complexes in the area. There is one other interesting connection with Kumano shrines, and that is the fact that there is a Kumano Taisha up in the Izumo region.  Today, they claim that despite the names being identical, there are no actual ties between Kumano Taisha and the Kumano Sanzan.  The Kumano Taisha of Izumo is actually considered the Ichinomiya, or most important shrine, of Izumo—even more important than the famous Izumo shrine, itself.  It lies 30 minutes south of modern Matsue, and enshrines a kami known as Kushi-mikenu-no-Mikoto, said to be another name for none other than the famous Susano'o. Kumano Taisha claims to have been first mentioned in the Nihon Shoki back in the time of Takara Hime, aka Saimei Tennou, in an entry from 659, though that entry simply states that the Izumo no Miyatsuko was to repair the shrine of the "Itsuki" kami, and doesn't specifically mention Kumano Taisha by name.  There is an entry attributed to the Izumo fudoki, which claims a shrine was located on Mt. Kumano, identified with modern day Tenguyama.  And then, Kumano Taisha appears in the Engi Shiki in the 10th century.  Suffice it to say, there are many different ways that this can be interpreted. Scholars have attempted to look into the potential connections between Kumano Taisha in Izumo and the Kumano Gongen of Wakayama, but it does not appear that there is a fully formed consensus.  I would note that we certainly see various important worship centers branching out throughout the archipelago, setting up branches elsewhere, and we also see the association of various local kami with other, more famous kami, making the claim that they are simply another name for the same entity.  This would appear to be one way to bring different groups into communion with each other, as it were, and helping to gloss over the potential difficulties found in diverse belief and worship practices. As a side note, there is at least one other Kumano Taisha of note, found up in the Tohoku region.  It claims to be the "Ise of Tohoku", with a focus on Izanami and Izanagi.  It seems to claim a founding around the early 9th century at the Tenno's request.  Given that, I think we can ignore it for our current discussion. To bring this all back around, it is unclear if Uno no Sarara's tour of Wakayama included the Kumano shrines at this time.  Certainly Kumano would play an important role in the legends and stories that the court was putting together, but what structures were in place at this point in the story are unclear.  Her tour may have focused much more on the area around modern Wakayama.  Her tour of the area took a total of eleven days, which is more than enough time to have seen a fair bit of the area, and certainly would have been enough time to get down to the Kumano region, but we don't have any clear details that I see to say exactly what happened. Still, I do find it interesting to look at the juxtaposition of the Kumano shrine story with that of Ise.  Both took on some aspects of the official stories of the founding of Japan and appear to have been important shrines for the court to some extent, and both the trip to Ise and the trip to Kumano were events such that local taxes were commuted for a time to help pay for the royal visit. But whereas Ise would go on to reject the merging of Buddhism with local kami worship, Kumano appears to have embraced it.  Kumano worship took on a highly syncretic character, with Buddhism and Kami worship becoming inextricably intertwined, maintaining that character even today, despite numerous historical attempts to extricate the two from each other. Ultimately, Ise shrine would take pride of place as the national shrine of the royal family, but I can't help but wonder what would have happened if Kumano had been more ascendant. Getting back to our discussion of Uno no Sarara's various peregrinations:  we also have what appear to be two trips up to Tou-no-mine—the modern pronunciation for the name which Aston transliterates as "Tamu no Mine".  This is the peak where, about forty years earlier, Takara Hime is said to have built a circular enclosure and called "Futa-tsuki" or two "Tsuki" trees palace.  It was also known as "Ama-tsu-miya", the Heavenly Palace.  The modern Tou-no-mine is a mountain to the southeast of Asuka, however, there is also a theory that the Tou-no-mine and Futa-tsuki palace were actually on a small hill just due east of the Kiyomihara palace site.  This is where we find walls, the Sakafune-ishi stone, and other examples of work from the time when the Futa-tsuki palace would have been built. That said, to get to Tou-no-mine, we are told it was a two day trip—one day out and one day back.  That said, it wouldn't have all been spent traveling.  In fact, Tou-no-mine, today, is under two hours walking distance.  The site by the palace is much closer, and the entry for going to the Futatsuski is only mentioned on a single day.  So none of that is particularly helpful, in my opinion.  Ultimately, we know that it was a location near Asuka and that it was associated with Takara Hime, the last female sovereign in her own right—even though her reign was arguably run largely by her son, Crown Prince Naka no Oe. Speaking of whom, Naka no Oe was not only the father of Uno no Sarara, but also of Royal Princess Asuka.  So when Uno no Sarara went to Asuka's country house, also known as the Denso or Tadokoro, she was actually going to pay a visit on her own half-sister.  By the way, "country-house" is the Aston translation.  A more direct translation might be something like "Field Place".  It was a private estate belonging to powerful families, such as the local elites—or in this case the royal family.  It is a rare glimpse into the living conditions of those royal princes and princesses who were not resident in the palace itself.  I do find it interesting that it specifically identifies the royal princess and not some male relative or husband—and Uno no Sarara isn't really noted as visiting a lot of family members all over the place.  I've seen a suggestion that Asuka may have been married to Prince Osakabe, one of Temmu's sons, but if so it is interesting that Uno no Sarara goes to visit *her* house and not *his* house. Princess Asuka is not mentioned much, but given this and a few other things—including being mentioned in the Man'yoshu in connection with a poem by the famous Kakinomoto no Hitomaro—she seemed to be someone important, even though we don't have a lot of information on what that looked like at the time. And with that, we've covered most of Uno no Sarara's travels.  We discussed her near-constant trips to Yoshino, then there were official visits to inspect the fortifications and horses.  Granted, that latter duty was also done just at the palace, in Asuka, so it wasn't necessarily terribly special.  There was her expedition to Ise, which we discussed in a previous episode, and then down to tour the land of Kii.  There were short jaunts out to Hatsuse and Yonabari.  And the largely unexplained visits to Tou-no-mine and the enigmatic Futa-tsuki palace.  Finally, there was a note about her calling on her half-sister, Princess Asuka. So that was what Uno no Sarara was doing when she wasn't at the court.  Otherwise, whether it was in the Asuka Kiyomihara palace or in the new Fujiwara Palace, she was dealing with the business of the state.  Much of what is recorded are fairly common things—banquets, archery competitions, and similar events that are interesting in aggregate, perhaps, but maybe not so helpful in figuring out the larger trends that were occurring at the time.  There were edicts and changes, but we can talk about those separately.  There were natural disasters, as well. Overall, she spent eleven years on the throne, from 686 to 697.  In that time, she finished much of the work started by her husband, put her own stamp on the new government, and, perhaps most importantly, she set up her grandson for success.  It is worth nothing that Uno no Sarara's posthumous regnal name is Jitou Tennou, and while that was probably not something she chose for herself, it may give us some insight into how the Chroniclers viewed her.  Remember that the brothers, Naka no Oe and Ohoama, were given the names "Tenji" and "Temmu", respectively.  Tenji is "Heavenly Wisdom", and he is counted as the brains behind the Great Change, the Taika reforms, and much of the shape that the state took from 645 onwards.  Temmu is something like "Heavenly Warrior".  The victor of the Jinshin no Ran was remembered for his military strategy, even though that was really only a small part of his overall reign.  The characters of Jitou's posthumous title are two characters.  The first, "Ji", means "to hold" or "to have".  The other character is "tou" and generally means "relationship" or "to control".  It can also refer to unification. This is often considered to mean that her role was seen as continuing to hold the throne and continue the work of her husband and his line, his progeny.  In this case, that means strengthening the state that Ohoama had built, following through on his national projects, and ultimately ensuring that the throne passed seamlessly to Ohoama's grandson, ensuring that his line would continue.  Of course, it probably should be noted that of course it was also her own bloodline that she was continuing as well, something that would become important in later years. And it is easy for us to look at this as simply editorializing by the Chroniclers, who were, after all, trying to craft a national narrative as well as record the history.  In many ways the use of these posthumous titles allowed them to do that—to summarize an entire reign into something that could be easily remembered.  And yet, based on the actions that she has taken, there certainly seems to be something to this description of Uno no Sarara and her motivations. We saw, early on, how she cleared the way for her own son, Crown Prince Kusakabe, getting rid of his potential rival for the throne, Prince Ohotsu, and thus potentially averting another conflict at the start of the reign.  But then Kusakabe died, leaving her with his young son, and while placing a young infant on the throne might have become a thing in later centuries, that precedent had not quite been set just yet.  Even as it was, Uno no Sarara likely had some concept that she could not know how many years she would get.  A decade on the throne was nothing to sneeze at, and many sovereigns had much less.  And so, beyond setting up the structure of government that her grandson would inherit, she also had a few more things to ensure.  She would want him to be old enough to be taken seriously, and she would need to make sure that there were no other claimants that could complicate matters.  There was only one other serious candidate that fit that description, and that was Prince Takechi. Remember, Prince Takechi was Ohoama's eldest son.  He was also a maternal descendant of the Munakata, meaning that he didn't have the double-royal imprimatur that was presumably required to take the throne as the sovereign.  And yet, Uno no Sarara was no doubt savvy enough to understand that those kinds of traditions changed quickly and easily in the past, as long as one had the right political backing. At the same time, Uno no Sarara appears to have leaned heavily on Prince Takechi's support.  It was a risk, but his support for her efforts would help her do what she needed to do.  Not only that, but if anything did happen to the young Prince Karu, Prince Takechi was the next in line.  He was also the Dajou Daijin—the most powerful court position short of Uno no Sarara herself.  For many reasons, it would have been difficult if the Queen felt she needed to take him out of the picture. Perhaps then it was fortuitous that in 696 the issue resolved itself, when Royal Prince Takechi passed away. This was no doubt a sad event, and yet it also may have set things in motion.  Prince Karu had been born in 683, so he was fourteen years old—still quite young, but old enough.  He was also surrounded by supporters, including his own mother, widow to the late Prince Kusakabe, Royal Princess Abe. While it isn't mentioned in the Nihon Shoki, we get a glimpse of how all this was planned in the Kaifuso, published in 751.  There, in an entry for Prince Kadono, a son of Prince Ohotomo, we are told that after Prince Takechi's death, Prince Kadono met with Uno no Sarara and others and suggested a course of action.  He encourage Uno no Sarara to pass on the kingdom to Prince Karu, despite his youth.  If true, this is quite the statement from someone whose own father was killed in the Jinshin no Ran, which brought Ohoama and Uno no Sarara to power in the first place.  It appears as though she heeded his advice, setting up what would come next over the following year. And so it is from the year after Prince Takechi's death that we start to really see entries focused on Prince Karu.  In the second month of 697, for instance, we see that Tahema no Mabito no Kunimi was appointed to be Prince Karu's tutor.  Likewise we see Michi no Mabito no Atomi and Kose no Ason no Ahamochi appointed as director and assistant director of the Spring Palace—the palace for the Crown Prince, the Heir Apparent.  Interestingly, Aston notes that the Nihon Shoki never actually gives an entry for when Prince Karu was named Heir Apparent—it just seems to be assumed. Ten days after the new directors were appointed, a public great-congregation was held at the Crown Prince's palace—here called the Eastern Palace, and I'll admit I'm not sure if "Eastern Palace" and "Spring Palace" were different names for the same place or what.  I assume these were all part of the newly built Fujiwara Palace, though the most important part is the implications for Prince Karu.  He was being introduced to the court, it seems, with a large congregation at his residence where the court would be expected to acknowledge his position as the crown prince and heir apparent. Three months later, we are told that Uno no Sarara grew ill.  The Ministers and various government officials made votive images of the Buddha in an attempt to make merit and help her to recover.  While she would recover from whatever illness she experienced, I suspect that this was something of a wake-up call.  Uno no Sarara was in her early 50s, and she wasn't getting any younger.  She also lived at a time where she had to realize that many others hadn't made it as far, and perhaps her illness made her realize that if she was going to do something, she had better do it sooner, rather than later.  And so, just a little more than a month later, on the first day of the 8th month, Uno no Sarara abdicated the throne in favor of her grandchild, Prince Karu, soon to become the next Tennou. This isn't the first time we've seen an abdication in the history of Yamato, but it is perhaps the first time we've seen it quite like this.  When Takara Hime abdicated, I think we can agree that it was largely under duress.  She had just seen her son lead a bloody coup against the most powerful court nobles, and that really does seem to have shaken her.  No such bloody struggle was happening here, however.  In fact, there is plenty to suggest that avoiding a bloody struggle was exactly Uno no Sarara's point.  By overseeing Prince Karu's ascension while she was still around, Queen Uno no Sarara maintained significant control over the process. Part of this rested on the fact that when she retired from the position of Tennou she didn't just become some commoner or retreat to the position of Queen Mother or Dowager Queen or something similar.  Instead, she took on a new titled:  Retired Sovereign, or Dajou-Tennou.  Technically this means that her own title was something like "Greater Sovereign", compared to Karu's "sovereign".  This position was new, and may not have even been fully formed at the time of the initial abdication.  Unlike when Takara Hime abdicated, effectively acknowledging that she wasn't actually in charge, Uno no Sarara was planning to remain an active force in government.  Her grandson would be set up as the formal sovereign, or Tennou.  He would be responsible for the rituals and ensuring everything was properly carried out, but his mother, the Dajou-Tennou, would have a tremendous amount of clout and control. By all accounts, this abdication and creation of the "Dajou-Tennou" position really does seem to have been specifically set up for this occasion, to ensure the smooth transition of power.  This way, when Uno no Sarara eventually did pass away, there would be no question about who was seated on the throne.  Given everything she had witnessed—from stories about her how her own father had come to power as well as the events of the Jinshin no Ran and then everything that happened in the aftermath of her own husband's death—I can understand why Uno no Sarara would have been pre-occupied with the idea of ensuring a smooth transition to the next sovereign.  She likely could not foresee how this new position would be used in the future, and yet it would become something of a staple in the politics of the Japanese court. Initially, retired sovereigns were typically doing so for reasons similar to Uno no Sarara—to ensure a smooth transition of power from one to the other and to ensure that the next tennou could be established to avoid instability.  However, it would become something even more.  After all, why wait until your heir is actually ready?  If you are going to be running things, anyway, why not remove yourself from the tedium of ritual while retaining your authority?  And in later centuries we see the tennou retiring younger, leaving younger and younger heirs to hold the actual throne.  There would also be a certain Buddhist aspect to it as well, allowing the retired tennou to be seen as a kind of Golden Wheel Turning Sovereign who was theoretically beyond the material cares of the day to day.  The retired sovereigns would be referred to as "In", which is likely a reference to the suffix given to their compounds, rather than the common "Miya" or "Gu".  And so the government under these retired sovereigns would become known as the Insei, or government by cloistered sovereigns, but that system was still in the future.  For now, we are just seeing the seeds of what was to come, eventually. To understand this later phase of Uno no Sarara's life, we need to take our first few steps into a new source:  The Shoku Nihongi.  The Nihon Shoki ceases to describe anything after Uno no Sarara's abdication, and the official history of Prince Karu's reign—known to us as Monmu Tennou—is taken up by the Shoku Nihongi.  This is literally the continued Japanese history, and we'll talk about it in depth at some point.  For now, I would note that it was compiled in 797 – so literally a century after the last entry in the Nihon Shoki.  That said, it likely had much better records to go off of compared to the Nihon Shoki, though it was still likely compiled with a view that was still quite friendly towards the royal family and the position of the Tennou. And so, when Uno no Sarara largely disappears from the narrative, I don't know that we should assume that she had truly gone completely hands off.  After all, with everything we've seen, do we think that this is a woman who would just hand the reins over to a fourteen or fifteen year old boy?  And yet the first time she appears is in 701, when she is making a trip to her favorite vacation spot:  the Palace at Yoshino.  That said, there were some pretty big events that happened during this period, after her abdication and assumption of the title of Dajou-Tennou.  The biggest was the creation of the Taihou Code.  Once again, this will need a fuller treatment, but the Taihou Code was an update to the Kiyomihara code.  The Asuka-Kiyomihara code was 22 volumes, and focused on  the laws, the "ryou", but not necessarily the punishments, or "ritsu".  In contrast the Taihou code was 6 volumes of "ritsu" and 11 volumes of "ryou", for 17 volumes in total.  Unfortunately, we mostly have scraps of indications here and there, and the codes that came afterwards, which were each based on what came before.  For instance, we do know that they completely overhauled the rank system yet again.  Unlike the Kiyomihara  code, which took years to develop, the compilation of the Taiho code is ordered in 700 and completed by 701—likely because it was really more of an update and a compilation of what was already on the books. This was perhaps the most significant thing that happened while Uno no Sarara was still available to exert her influence.  Karu was still only about 19 years old at this point.  He would turn 20 the following year, 702.  That same year, Uno no Sarara would travel all the way out to Mikawa no Kuni, which is the eastern half of the modern prefecture of Aichi.  The royal procession, which started in the 10th month of 702, then made its way back through Owari a month later, and from there up to Mino, and then down to Ise and back through Iga.  The royal procession is first recorded on the 10th day of the 10th month and returned on the 25th day of the 11th month—a round-trip time of roughly 45 days.  Throughout we are told that various ranks and awards were given out to important individuals at each stop. Unfortunately, that trip may have taken a toll.  A few weeks later, on the 13th day of the 12th month, Uno no Sarara grew ill.  There was a great amnesty pronounced throughout the realm, and one hundred men took Buddhist vows on her behalf.  They even read the Sutra of Golden Light in the Home Provinces.  Alas, it was all to no avail.  Uno no Sarara passed away on the 22nd day of the 12th month—or January 13th in 703.  It was roughly six years from her abdication.  She would have died with at least some knowledge that the realm was largely in order.  Her grandson was on the  throne and had been ruling for the past six years.  He had attained the age of majority, and things seemed relatively stable.  There was even a new, grand, permanent capital city, just like on the continent. But that closes out the life of Uno no Sarara.  She lived in interesting times, experienced tremendous fortune and misfortune, and she put her indelible stamp on the state of Yamato and thus the future of Japan.  There is still more to go over in this period—we have interactions with the Emishi, updates to society, and various impacts to Buddhism.  We'll also take a look at some more important people from this period, including Kakinomoto no Hitomaru, the famous poet, and the poems of the Man'yoshu, and Fujiwara no Fubito, the son of Nakatomi no Kamatari and the one largely responsible for making the Fujiwara house the most influential house in the entire court. Until then if you like what we are doing, please tell your friends and feel free to rate us wherever you listen to podcasts.  If you feel the need to do more, and want to help us keep this going, we have information about how you can donate on Patreon or through our KoFi site, ko-fi.com/sengokudaimyo, or find the links over at our main website,  SengokuDaimyo.com/Podcast, where we will have some more discussion on topics from this episode. Also, feel free to reach out to our Sengoku Daimyo Facebook page.  You can also email us at the.sengoku.daimyo@gmail.com.  Thank you, also, to Ellen for their work editing the podcast. And that's all for now.  Thank you again, and I'll see you next episode on Sengoku Daimyo's Chronicles of Japan.

#NHRA #DragRacing #NHRAresults DENSO Sonoma Nationals winners, World Champion Doug Kalitta, Jordan Vandergriff and Greg Stanfield talk about how they brought home The Wally from Sonoma Raceway. Host Joe Castello recaps the results with NHRA 's Director of Communications, Josh Hachat and they look ahead to this week's Muckleshoot Casino Resort Northwest Nationals at Pacific Raceways. 🚨 Don't miss out! Subscribe to WFO Radio for weekly NHRA updates, driver interviews, and exclusive motorsport content. Hit the bell 🔔 for notifications! MERCH: https://www.teepublic.com/stores/wfo-radio?ref_id=24678 PATREON: https://www.patreon.com/WFORadio APPLE: https://podcasts.apple.com/us/podcast/wfo-radio-podcast/id449870843?ls=1 SPOTIFY: https://open.spotify.com/show/0oo5mn0E3VmfhRCTHyLQIS

Los masivos incendios forestales que consumen amplias zonas en el norte de Minnesota y el oeste de Ontario, en Canadá, provocan densas columnas de humo hacia territorio estadounidense. El fenómeno disparó alertas de niveles peligrosos e insalubres de calidad del aire para cerca de 100 millones de personas en las regiones del Medio Oeste y la costa noreste de los Estados Unidos.

「伝統工芸の「身体知」をデジタル技術でつなぐDENSO DESIGNの実験。その技術はどんな未来をひらくのか【イベントレポ】」　技術開発は、生活を」便利」にした。一方、伝統技術は失われてゆく。。。身体知をデジタル技術で継承しようと試みるDENSO DESIGNのプロジェクトから、テクノロジーの役割を問い直します。The post 伝統工芸の「身体知」をデジタル技術でつなぐDENSO DESIGNの実験。その技術はどんな未来をひらくのか【イベントレポ】 first appeared on IDEAS FOR GOOD.

Optical networking has spent years as a niche corner of the semiconductor industry. CSI makes the case that the moment for companies like Coherent may have finally arrived — and NVIDIA's two-billion-dollar equity investment in the company suggests the largest chipmaker in the world agrees.Coherent (COHR), is an integrated device manufacturer and base materials supplier specializing in indium phosphide and silicon carbide wafers. Under CEO Jim Anderson, who pulled off a similar business transformation at Lattice Semiconductor, Coherent has been shedding non-core assets and sharpening its focus on data center and communications, which now represents seventy-five percent of revenue and posted forty-one percent year-over-year growth in the most recent quarter. Pro forma revenue growth came in at twenty-seven percent, with gross margins approaching the forty percent threshold that marks a key milestone for IDM-class businesses.The divestitures tell the story of the transformation: a four-hundred-million-dollar sale of the aerospace and defense laser business to private equity, and a fifty-one-million-dollar exit from a materials processing tools segment that was diluting margins. What remains is a tighter, faster-growing business positioned at the intersection of AI data center infrastructure, optical connectivity, and advanced materials.The NVIDIA investment is the centerpiece of this episode. With free cash flow running deeply negative as Coherent scales manufacturing capacity for co-packaged optics and near-package optics expected in the second half of 2026, the company needed capital. NVIDIA needed the optical components. The result was a cash-for-equity arrangement that Nick describes as a more direct version of the warrant-based incentive deals seen at companies like AMD and STMicro, cheaper than diluting shareholders, and cheaper than going to a bank.The silicon carbide segment also draws attention, with five-hundred-million-dollar anchor investments from Denso and Mitsubishi Electric secured when silicon carbide was out of favor, now pointing toward three-hundred-millimeter wafer applications for AI data centers and power grid infrastructure.Q3 guidance calls for revenue between 1.9 and just over 2 billion, gross margin at roughly 41%, and continued negative free cash flow as manufacturing scale-up accelerates. CSI compares Coherent to peer Lumentum — framing COHR as the value play and Lumentum as the momentum play — and confirm they are happy holding both.For in-depth stock research and the Semiconductor Insider membership,visit chipstockinvestor.com. Use fiscal.ai/csi for 15% off any paid plan.

What does it really mean to lead at the highest level in the automotive industry today?In this episode, Jan Griffiths sits down with Phil Biggs, the man quietly trusted by more than 100 CEOs across automotive and beyond. Known as the “CEO whisperer,” Phil has spent nearly a decade creating a confidential space where leaders can speak openly about the pressure, uncertainty, and responsibility that comes with the top job.And one thing is clear: leadership has changed.The old command-and-control model is breaking under the weight of constant disruption. Tariffs. Supply chain shocks. AI. Workforce shifts. EV uncertainty. The pressure never stops. Phil shares what he's learned from years of listening to CEOs behind closed doors and why emotional intelligence, trust, and authenticity are now non-negotiable leadership traits.This conversation goes deep into the loneliness of leadership, the tension between kindness and toughness, and why the best CEOs know how to balance both humanity and accountability. Jan and Phil also unpack the dangerous automotive habit of glorifying leaders who stay buried in the weeds instead of empowering their teams to lead.At its core, this episode is about the future of leadership in automotive and the cultural shift required to survive what's coming next.Because today's leaders don't need more control.They need courage, trust, and the ability to lead humans through uncertainty.Themes Discussed in this EpisodeWhy leadership at the top is often deeply lonelyThe role trust plays in high-level CEO conversationsWhy command-and-control leadership no longer worksThe balance between kindness and toughness in leadershipEmotional intelligence as a critical CEO competencyWhy automotive leaders must stop glorifying micromanagementEmpowering teams is more important than controlling themHow disruption is reshaping leadership expectations across automotive

Spendenlink: https://www.paypal.com/paypalme/Reefartanddesign In unserer neuen Folge stellen wir das Projekt der IGMH Ocean Guardians an der IGMH Mannheim vor – eine Interessensgemeinschaft für marine Habitate. Gemeinsam sprechen wir über die faszinierende Welt mariner Lebewesen, ihre Haltung und Pflege sowie darüber, warum der Schutz ihrer Lebensräume so wichtig ist.Außerdem zeigen wir, wie wir uns als Schule aktiv für den Erhalt mariner Ökosysteme einsetzen und mit kleinen Schritten ein größeres Bewusstsein für den Meeresschutz schaffen möchten.

Discover why most organisations focus too heavily on efficiency while missing the deeper architecture required for true enterprise excellence. In this thought-provoking episode, Gary Stewart shares lessons from Toyota Group companies on systems thinking, effectiveness innovation, and why operational excellence starts with developing people and systems — not just processes.Summary KeywordsEnterprise Excellence, Systems Thinking, Toyota Production System, Operational Excellence, Innovation, Effectiveness Innovation, Efficiency Innovation, Lean, Productivity, Human Systems, Technical Systems, Russell Ackoff, Deming, Continuous Improvement, Leadership, Organizational Transformation, Manufacturing, Economic Complexity, Business Architecture, Absolute Benchmarks Episode Summary:Gary Stewart joins Brad Jeavons on the Enterprise Excellence Podcast to challenge conventional thinking around innovation, Lean, and operational excellence.Drawing on decades inside Toyota Group companies including Denso and Aisin, Gary explains why most organizations focus too heavily on efficiency while neglecting the deeper systems architecture required for long-term effectiveness, productivity, and innovation.The episode explores:The “Perfect Line” concept Human systems vs technical systems Effectiveness innovation vs efficiency innovation Systems thinking and Russell Ackoff Why productivity and innovation decline when organisations focus only on efficiency How Toyota Group companies build sustainable enterprise excellence This is a thought-provoking conversation for leaders interested in continuous improvement, systems thinking, operational excellence, and long-term organisational transformation. Episode Links:Youtube: https://youtu.be/6CRhQXgGQhw Enterprise Excellence Group: https://enterpriseexcellencegroup.com.au/enterprise-excellence-podcast/Contacts Connect with Brad on LinkedIn https://www.linkedin.com/in/bradjeavons/. Call him on 0402 448 445 or email him at bjeavons@iqi.com.au. If you'd like to connect with Mr Gary Stewart, please reach out to us. Suggested Next Steps for ListenersRequest Gary Stewart's worksheet from us through contact us on our website, or email.Study Russell Ackoff and Deming Assess whether your organisation focuses too heavily on efficiency over effectiveness Explore how architecture and systems design influence operational performance Evaluate whether your organisation uses absolute or relative benchmarks Reflect on where your organisation sits on the “ascending vs descending spiral” To learn more about what we do, visit https://enterpriseexcellencegroup.com.au/Thanks for your time, and thanks for helping to create a better future.

Recarga Activa, como todo lo que hacemos en AnaitGames, existe gracias al apoyo de la comunidad. ¿Te gusta lo que hacemos? Suscríbete en Patreon y te llevas todo lo que hacemos, sin anuncios, con acceso anticipado y formatos exclusivos. Más información en ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/anaitreload⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ * * * Bienvenidas y bienvenidos a Recarga Activa, el podcast diario de AnaitGames en el que filtramos lo más relevante de la actualidad del videojuego en pildorazos de 15 minutos. Estos son los titulares de hoy: Poco gameplay, pero muy denso, en el First Look a Metro 2039, que se publicará en «invierno» Trails in the Sky 2nd Chapter se publicará el 17 de septiembre ¿A qué vamos a jugar este fin de semana? ♫ Sintonía del programa: Senseless, de Johny Grimes Learn more about your ad choices. Visit megaphone.fm/adchoices

Denso, completo y lleno de aprendizaje. Es el resumen de lastres horas de radio que aquí te acompañan. Hemos hablado deturismo, de actualidad política, de espiritualidad y misterio,sobre los temas judiciales que atenazan España, sobremayores y sobre arte. Poco más se puede pedir a un magazineque pretende demostrarse cada día que sigue siendo capaz desuperarse. El objetivo, que estés entretenido e informado, seconsigue.Con una presentación centrada en el episodio de laregularización masiva de inmigrantes y lo que ello conlleva,dejando la demagogia aparcada, porque con ello a nadie sebeneficia, nuestro primer invitado, Fede Fuster, presidente deHOSBEC, la principal patronal hotelera en España, también seha referido al tema en cuestión, de igual manera que lo hanhecho gran parte del resto de invitados.Fede Fuster ha realizado un extenso, completo, dinámico, ágil yflexible repaso a los principales temas que hoy sobrevuelan laprincipal industria española, el turismo, y lo ha hecho aportandodatos de suma relevancia. A continuación, Isaac Blasco, granperiodista y también benidormense como Fede Fuster, hahecho lo mismo pero desde el ámbito político y de actualidad.Ha sido Joaquín Huete, presidente del centro espiritas deBenidorm, quien ha dado un giro radical al programa,presentándonos las XIV Jornadas Espiritas que se celebran del8 al 10 de mayo en el hotel Rober Palas de Alfaz del Pi. Cadavez resulta más placentera para el cuerpo y el espíritu,escuchar las reflexiones de quienes dedican su tiempo aorganizar este tipo de eventos que tanto bien hacen a todo elcolectivo.Tres invitados nos quedaban todavía por pasar por losmicrófonos de LEO RADIO. El primero de ellos, nuestroabogado de cabecera, Francisco González, conductor de “HiloCriminal”, que ha venido para ofrecernos todos los pormenoresdel Juicio Mascarillas que continúa celebrándose en el TribunalSupremo y su opinión sobre los ataques que está recibiendo eljuez Peinado sobre la imputación de la mujer del presidente delGobierno. Le ha cogido el relevo en el turno de palabra, VicenteSaval, gerente de Nos Importas y vicepresidente de ANESAD,quien ha relazado un repaso por las causas que puedenderivarse, a corto y medio plazo sobre España, si no se atienecon inteligencia el envejecimiento acelerado de la poblaciónespañola y su no renovación demográfica. Para terminar elprograma hablando de cultura con Zeyry Bellacao quien, enrepresentación del restaurante Finca Melitón, nos ha explicadotodos los detalles obre el evento cultural que se celebra este finde semana en ese maravilloso lugar ubicado en Altea La Vella.

Major auto parts maker Denso Corp. has proposed acquiring shares in major semiconductor producer Rohm Co., it was learned Friday.

Welcome How Winning Manufacturers Put Historical Data At The Center Of Their Business Transformation American manufacturing has been on a negative trajectory for the last half century. In the last 20 years alone, 30% of Americas small and midsized manufacturers have been absorbed by larger competitors or gone out of business. Trade policy alone isn't enough to save the American Manufacturer. To dominate the 21st century, American Manufacturers need to innovate faster than ever before. Fortunately a fresh crop of leading innovators in this new AI-powered era is beginning to emerge. We're here to bring you their stories. Consolidating components purchasing across a global supply chain. Speeding up DFM to get products to market faster. Enforcing reuse to avoid unnecessary duplication and carrying costs. These are just a few of the success stories that CADDi customers have pioneered over the last year. We're here to deep dive some of these for you. The CADDi team will get under the hood on approaches used by our top customers so you can deploy them in your own business. Don't miss this chance to grab the AI-enabled playbooks that are making companies like, Subaru, Kawasaki, Dairy Conveyor Corp, Denso, Ebara, and others so successful at improving QCD Brought to you by: CADDi  SPEAKERS: Aaron Lober VP of Marketing CADDi Aaron Lober is an accomplished marketing executive with a foundation in product marketing at companies like Procore Technologies, Bio-Rad Laboratories, Blameless (acquired by FireHydrant). He holds an MBA from Pepperdine Graziadio Business School. Chris Cope VP of Engineering CADDi Chris Cope is a seasoned technology leader with expertise in SRE, AI, Architecture and Security. Formerly with Xometry and Laconia, Chris excels in optimizing production workflows and spearheading automation projects. He is known for driving innovation and scaling teams to enhance operational efficiency and earned a Masters in Computer Science from DePaul University. Patrick Harrigan VP of Partnerships CADDi Patrick Harrigan, VP of Partnerships at CADDi, formerly of Hexagon AB and Tulip Interfaces, fosters a partner network to expand CADDi's AI platform, driving operational efficiency, cost reduction, and knowledge democratization. Visit https://advancedmanufacturing.org/webinars for more webinars and an interactive experience with visuals.

3月3日、スーパーGT GT500クラスに参戦するTGR TEAM SARDは、2026年のDENSO KOBELCO SARD GR Supraのカラーリングを発表した。今季も伝統のホワイト、レッド、ブルーの伝統のト […]

אורן עזר, מנכ"ל ומייסד שותף באלקטריאון, מגיע לשיחה פתוחה על הדרך שעשתה החברה מפיתוח טכנולוגי בגראז' ללא מימון ועד לפריסת כבישים חשמליים ברחבי העולם. בפרק הוא משתף בתפיסת הניהול שלו, שנבנתה לאורך שני עשורים באלביט, ומסביר למה יזם ומנכ"ל חייב "ללכלך את הידיים", להכיר את שורות הקוד במוצר ולפרוס סלילים באספלט בעצמו. אורן מנתח את השינוי הדרמטי בתעשיית הרכב העולמית ומסביר למה הניצחון של סין בייצור מכוניות הוא עובדה מוגמרת שלא באמת משנה, משום שהכסף הגדול והשליטה האמיתית בשוק עוברים לתשתיות האנרגיה והטעינה.צללנו ללב המהפכה של הטעינה האלחוטית, שמייתרת את התלות בסוללות ענק מזהמות ומאפשרת לרכבים אוטונומיים ומשאיות להיטען תוך כדי נסיעה. אורן מציג את המספרים שמאחורי פרויקט הענק בצרפת יחד עם חברת התשתיות וינצ'י, שממחישים איך כביש חשמלי מאפשר למשאיות להקטין את הסוללה ב-4 טון, להגדיל את נפח הסחורה ולחסוך מאות מיליוני דולרים. שוחחנו גם על המעבר משלב הפיילוטים לשלב המסחור, ואיך מודל של "טעינה כשירות" (Charging as a Service) מול ציי רכב כמו מוניות קסטל בתל אביב, מייצר לחברה צ'ק פתוח והכנסות חוזרות.דיברנו על אסטרטגיית הצמיחה והייצור ההמוני, ואיך אלקטריאון הצליחה להימנע מהמוקש של בניית מפעלי ענק בעזרת שיתוף פעולה אסטרטגי עם ענקית החלפים היפנית 'דנסו' (Denso), שמשמשת כזרוע שלה (Tier 1) מול יצרניות הרכב. אורן משתף באתגרים של חדירה לשוק שמרני מול ממשלות וסמנכ"לי כספים שמחפשים ROI מיידי, ומסביר למשקיעים למה אי אפשר לנתח חברה שמשנה את העולם לפי דוח רווח והפסד רבעוני. פרק חובה למי שרוצה להבין איך נראה העתיד של התחבורה החשמלית ואיפה מסתתרות ההזדמנויות הגדולות באמת בענף.לקבלת הצעה לפתיחת חשבון מסחר לחץ כאן:https://www.guynatan.com/broker-comparison⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠לאינסטגרם שלי:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/guynatan9/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠לאתר שלי:https://www.guynatan.com/00:00:00 - פתיח והיכרות: אורן עזר - ממהנדס באלביט למייסד אלקטריאון והמהפכה בתחבורה00:03:06 - עולם ללא כבלים: איך עובדת טעינה אלחוטית ולמה זה סוף עידן סוללות הענק ברכבים?00:10:09 - המודל העסקי: למה הניצחון של סין לא משנה ואיך משתלטים על הכסף הגדול שבתשתיות האנרגיה?00:19:28 - פרויקט הענק בצרפת: איך כביש חשמלי משנה את כלכלת התחבורה של ציי המשאיות הכבדות?00:25:44 - טעינה כשירות (CaaS): פתרונות אפטר-מרקט, פרויקט מוניות קסטל וההכנסות בטווח הקצר00:35:26 - פתרון צוואר הבקבוק: השותפות בגרמניה שתאפשר ייצור אוטומטי של מאות קילומטרים בשנה00:39:13 - האמת על יזמות: למה מנכ"ל חייב לרדת לשטח, לסלול כבישים בעצמו ולחוות פיצוצים במעבדה?00:41:16 - חברה ציבורית מול חזון: הדיסוננס שבין ציפיות שוק ההון לטווחי הזמן של פרויקטי תשתית עולמיים00:44:48 - המעבר למסחור: איך מוכרים טכנולוגיה לסמנכ"לי כספים ומציגים החזר השקעה (ROI) מובהק?00:50:44 - חסם יצרניות הרכב: החשיבות בקבלת אישורים מהענקיות ואיך חודרים לשרשרת האספקה?00:52:45 - האתגר הניהולי: איך מנהלים 120 מהנדסים שמפתחים משהו שאף אחד בעולם לא עשה קודם?01:00:24 - מסר לסיום: הבחירה בענקית "דנסו" כשותפה אסטרטגית, ולמה נכון להשוות את הענף לתחילת עידן ה-AI?אין לראות באמור לעיל משום ייעוץ השקעות, המלצה או חוות דעת באשר לכדאיות השקעה במוצרים פיננסיים מכל מין וסוג שהם לרבות ניירות ערך, יחידות השתתפות ו/או כל נכס נדל"ן ו/או פיננסי אחר. אין באמור לעיל התחייבות של הנאמר בפודקאסט להשגת תשואה כלשהי. הנתונים המופיעים בפודקאסט בהתאם הנם בהתאם לסקרים שהחברה ביצעה ואינם מהווים כל המלצה להשקעה. הנתונים המופיעים בפודקאסט זה נועדו להמחשה בלבד, ומתבססים על פרמטרים שונים שעלולים להשתנות בכל עת. כל התכנים הכלולים בפודקאסט זה, אין בהם משום המלצה או חוות דעת ולא נועדו לספק אלא מידע כללי ואמצעי התרשמות בלבד. אין להשתמש בפודקאסט ללא אישור כתוב מראש של החברה. המחייב את החברה הנו חוזה חתום ע"י מורשה חתימה מטעמה בלבד. ט.ל.ח.

Infrastructure was passé…uncool. Difficult to get dollars from Private Equity and Growth funds, and almost impossible to get a VC fund interested. Now?! Now, it's cool. Infrastructure seems to be having a Renaissance, a full on Rebirth, not just fueled by commercial interests (e.g. advent of AI), but also by industrial policy and geopolitical considerations. In this episode of Tech Deciphered, we explore what's cool in the infrastructure spaces, including mega trends in semiconductors, energy, networking & connectivity, manufacturing Navigation: Intro We're back to building things Why now: the 5 forces behind the renaissance Semiconductors: compute is the new oil Networking & connectivity: digital highways get rebuilt Energy: rebuilding the power stack (not just renewables) Manufacturing: the return of “atoms + bits” Wrap: what it means for startups, incumbents, and investors Conclusion Our co-hosts: Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder of App Annie / Data.ai, business angel, advisor to startups and VC funds, @bschmitt Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro Our show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news Subscribe To Our Podcast Nuno Gonçalves Pedro Introduction Welcome to episode 73 of Tech Deciphered, Infrastructure, the Rebirth or Renaissance. Infrastructure was passé, it wasn’t cool, but all of a sudden now everyone’s talking about network, talking about compute and semiconductors, talking about logistics, talking about energy. What gives? What’s happened? It was impossible in the past to get any funds, venture capital, even, to be honest, some private equity funds or growth funds interested in some of these areas, but now all of a sudden everyone thinks it’s cool. The infrastructure seems to be having a renaissance, a full-on rebirth. In this episode, we will explore in which cool ways the infrastructure spaces are moving and what’s leading to it. We will deep dive into the forces that are leading us to this. We will deep dive into semiconductors, networking and connectivity, energy, manufacturing, and then we’ll wrap up. Bertrand, so infrastructure is cool now. Bertrand Schmitt We're back to building things Yes. I thought software was going to eat the world. I cannot believe it was then, maybe even 15 years ago, from Andreessen, that quote about software eating the world. I guess it’s an eternal balance. Sometimes you go ahead of yourself, you build a lot of software stack, and at some point, you need the hardware to run this software stack, and there is only so much the bits can do in a world of atoms. Nuno Gonçalves Pedro Obviously, we’ve gone through some of this before. I think what we’re going through right now is AI is eating the world, and because AI is eating the world, it’s driving a lot of this infrastructure building that we need. We don’t have enough energy to be consumed by all these big data centers and hyperscalers. We need to be innovative around network as well because of the consumption in terms of network bandwidth that is linked to that consumption as well. In some ways, it’s not software eating the world, AI is eating the world. Because AI is eating the world, we need to rethink everything around infrastructure and infrastructure becoming cool again. Bertrand Schmitt There is something deeper in this. It’s that the past 10, even 15 years were all about SaaS before AI. SaaS, interestingly enough, was very energy-efficient. When I say SaaS, I mean cloud computing at large. What I mean by energy-efficient is that actually cloud computing help make energy use more efficient because instead of companies having their own separate data centers in many locations, sometimes poorly run from an industrial perspective, replace their own privately run data center with data center run by the super scalers, the hyperscalers of the world. These data centers were run much better in terms of how you manage the coolings, the energy efficiency, the rack density, all of this stuff. Actually, the cloud revolution didn’t increase the use of electricity. The cloud revolution was actually a replacement from your private data center to the hyperscaler data center, which was energy efficient. That’s why we didn’t, even if we are always talking about that growth of cloud computing, we were never feeling the pinch in term of electricity. As you say, we say it all changed because with AI, it was not a simple “Replacement” of locally run infrastructure to a hyperscaler run infrastructure. It was truly adding on top of an existing infrastructure, a new computing infrastructure in a way out of nowhere. Not just any computing infrastructure, an energy infrastructure that was really, really voracious in term of energy use. Nuno Gonçalves Pedro There was one other effect. Obviously, we’ve discussed before, we are in a bubble. We won’t go too much into that today. But the previous big bubble in tech, which is in the late ’90s, there was a lot of infrastructure built. We thought the internet was going to take over back then. It didn’t take over immediately, but there was a lot of network connectivity, bandwidth built back in the day. Companies imploded because of that as well, or had to restructure and go in their chapter 11. A lot of the big telco companies had their own issues back then, etc., but a lot of infrastructure was built back then for this advent of the internet, which would then take a long time to come. In some ways, to your point, there was a lot of latent supply that was built that was around that for a while wasn’t used, but then it was. Now it’s been used, and now we need new stuff. That’s why I feel now we’re having the new moment of infrastructure, new moment of moving forward, aligned a little bit with what you just said around cloud computing and the advent of SaaS, but also around the fact that we had a lot of buildup back in the late ’90s, early ’90s, which we’re now still reaping the benefits on in today’s world. Bertrand Schmitt Yeah, that’s actually a great point because what was built in the late ’90s, there was a lot of fibre that was built. Laying out the fibre either across countries, inside countries. This fibre, interestingly enough, you could just change the computing on both sides of the fibre, the routing, the modems, and upgrade the capacity of the fibre. But the fibre was the same in between. The big investment, CapEx investment, was really lying down that fibre, but then you could really upgrade easily. Even if both ends of the fibre were either using very old infrastructure from the ’90s or were actually dark and not being put to use, step by step, it was being put to use, equipment was replaced, and step by step, you could keep using more and more of this fibre. It was a very interesting development, as you say, because it could be expanded over the years, where if we talk about GPUs, use for AI, GPUs, the interesting part is actually it’s totally the opposite. After a few years, it’s useless. Some like Google, will argue that they can depreciate over 5, 6 years, even some GPUs. But at the end of the day, the difference in perf and energy efficiency of the GPUs means that if you are energy constrained, you just want to replace the old one even as young as three-year-old. You have to look at Nvidia increasing spec, generation after generation. It’s pretty insane. It’s usually at least 3X year over year in term of performance. Nuno Gonçalves Pedro At this moment in time, it’s very clear that it’s happening. Why now: the 5 forces behind the renaissance Maybe let’s deep dive into why it’s happening now. What are the key forces around this? We’ve identified, I think, five forces that are particularly vital that lead to the world we’re in right now. One we’ve already talked about, which is AI, the demand shock and everything that’s happened because of AI. Data centers drive power demand, drive grid upgrades, drive innovative ways of getting energy, drive chips, drive networking, drive cooling, drive manufacturing, drive all the things that we’re going to talk in just a bit. One second element that we could probably highlight in terms of the forces that are behind this is obviously where we are in terms of cost curves around technology. Obviously, a lot of things are becoming much cheaper. The simulation of physical behaviours has become a lot more cheap, which in itself, this becomes almost a vicious cycle in of itself, then drives the adoption of more and more AI and stuff. But anyway, the simulation is becoming more and more accessible, so you can do a lot of simulation with digital twins and other things off the real world before you go into the real world. Robotics itself is becoming, obviously, cheaper. Hardware, a lot of the hardware is becoming cheaper. Computer has become cheaper as well. Obviously, there’s a lot of cost curves that have aligned that, and that’s maybe the second force that I would highlight. Obviously, funds are catching up. We’ll leave that a little bit to the end. We’ll do a wrap-up and talk a little bit about the implications to investors. But there’s a lot of capital out there, some capital related to industrial policy, other capital related to private initiative, private equity, growth funds, even venture capital, to be honest, and a few other elements on that. That would be a third force that I would highlight. Bertrand Schmitt Yes. Interestingly enough, in terms of capital use, and we’ll talk more about this, but some firms, if we are talking about energy investment, it was very difficult to invest if you are not investing in green energy. Now I think more and more firms and banks are willing to invest or support different type of energy infrastructure, not just, “Green energy.” That’s an interesting development because at some point it became near impossible to invest more in gas development, in oil development in the US or in most Western countries. At least in the US, this is dramatically changing the framework. Nuno Gonçalves Pedro Maybe to add the two last forces that I think we see behind the renaissance of what’s happening in infrastructure. They go hand in hand. One is the geopolitics of the world right now. Obviously, the world was global flat, and now it’s becoming increasingly siloed, so people are playing it to their own interests. There’s a lot of replication of infrastructure as well because people want to be autonomous, and they want to drive their own ability to serve end consumers, businesses, etc., in terms of data centers and everything else. That ability has led to things like, for example, chips shortage. The fact that there are semiconductors, there are shortages across the board, like memory shortages, where everything is packed up until 2027 of 2028. A lot of the memory that was being produced is already spoken for, which is shocking. There’s obviously generation of supply chain fragilities, obviously, some of it because of policies, for example, in the US with tariffs, etc, security of energy, etc. Then the last force directly linked to the geopolitics is the opposite of it, which is the policy as an accelerant, so to speak, as something that is accelerating development, where because of those silos, individual countries, as part their industrial policy, then want to put capital behind their local ecosystems, their local companies, so that their local companies and their local systems are for sure the winners, or at least, at the very least, serve their own local markets. I think that’s true of a lot of the things we’re seeing, for example, in the US with the Chips Act, for semiconductors, with IGA, IRA, and other elements of what we’ve seen in terms of practices, policies that have been implemented even in Europe, China, and other parts of the world. Bertrand Schmitt Talking about chips shortages, it’s pretty insane what has been happening with memory. Just the past few weeks, I have seen a close to 3X increase in price in memory prices in a matter of weeks. Apparently, it started with a huge order from OpenAI. Apparently, they have tried to corner the memory market. Interestingly enough, it has flat-footed the entire industry, and that includes Google, that includes Microsoft. There are rumours of their teams now having moved to South Korea, so they are closer to the action in terms of memory factories and memory decision-making. There are rumours of execs who got fired because they didn’t prepare for this type of eventuality or didn’t lock in some of the supply chain because that memory was initially for AI, but obviously, it impacts everything because factories making memories, you have to plan years in advance to build memories. You cannot open new lines of manufacturing like this. All factories that are going to open, we know when they are going to open because they’ve been built up for years. There is no extra capacity suddenly. At the very best, you can change a bit your line of production from one type of memory to another type. But that’s probably about it. Nuno Gonçalves Pedro Just to be clear, all these transformations we’re seeing isn’t to say just hardware is back, right? It’s not just hardware. There’s physicality. The buildings are coming back, right? It’s full stack. Software is here. That’s why everything is happening. Policy is here. Finance is here. It’s a little bit like the name of the movie, right? Everything everywhere all at once. Everything’s happening. It was in some ways driven by the upper stacks, by the app layers, by the platform layers. But now we need new infrastructure. We need more infrastructure. We need it very, very quickly. We need it today. We’re already lacking in it. Semiconductors: compute is the new oil Maybe that’s a good segue into the first piece of the whole infrastructure thing that’s driving now the most valuable company in the world, NVIDIA, which is semiconductors. Semiconductors are driving compute. Semis are the foundation of infrastructure as a compute. Everyone needs it for every thing, for every activity, not just for compute, but even for sensors, for actuators, everything else. That’s the beginning of it all. Semiconductor is one of the key pieces around the infrastructure stack that’s being built at scale at this moment in time. Bertrand Schmitt Yes. What’s interesting is that if we look at the market gap of Semis versus software as a service, cloud companies, there has been a widening gap the past year. I forgot the exact numbers, but we were talking about plus 20, 25% for Semis in term of market gap and minus 5, minus 10 for SaaS companies. That’s another trend that’s happening. Why is this happening? One, because semiconductors are core to the AI build-up, you cannot go around without them. But two, it’s also raising a lot of questions about the durability of the SaaS, a software-as-a-service business model. Because if suddenly we have better AI, and that’s all everyone is talking about to justify the investment in AI, that it keeps getting better, and it keeps improving, and it’s going to replace your engineers, your software engineers. Then maybe all of this moat that software companies built up over the years or decades, sometimes, might unravel under the pressure of newly coded, newly built, cheaper alternatives built from the ground up with AI support. It’s not just that, yes, semiconductors are doing great. It’s also as a result of that AI underlying trend that software is doing worse right now. Nuno Gonçalves Pedro At the end of the day, this foundational piece of infrastructure, semiconductor, is obviously getting manifest to many things, fabrication, manufacturing, packaging, materials, equipment. Everything’s being driven, ASML, etc. There are all these different players around the world that are having skyrocket valuations now, it’s because they’re all part of the value chain. Just to be very, very clear, there’s two elements of this that I think are very important for us to remember at this point in time. One, it’s the entire value chains are being shifted. It’s not just the chips that basically lead to computing in the strict sense of it. It’s like chips, for example, that drive, for example, network switching. We’re going to talk about networking a bit, but you need chips to drive better network switching. That’s getting revolutionised as well. For example, we have an investment in that space, a company called the eridu.ai, and they’re revolutionising one of the pieces around that stack. Second part of the puzzle, so obviously, besides the holistic view of the world that’s changing in terms of value change, the second piece of the puzzle is, as we discussed before, there’s industrial policy. We already mentioned the CHIPS Act, which is something, for example, that has been done in the US, which I think is 52 billion in incentives across a variety of things, grants, loans, and other mechanisms to incentivise players to scale capacity quick and to scale capacity locally in the US. One of the effects of that now is obviously we had the TSMC, US expansion with a factory here in the US. We have other levels of expansion going on with Intel, Samsung, and others that are happening as we speak. Again, it’s this two by two. It’s market forces that drive the need for fundamental shifts in the value chain. On the other industrial policy and actual money put forward by states, by governments, by entities that want to revolutionise their own local markets. Bertrand Schmitt Yes. When you talk about networking, it makes me think about what NVIDIA did more than six years ago when they acquired Mellanox. At the time, it was largest acquisition for NVIDIA in 2019, and it was networking for the data center. Not networking across data center, but inside the data center, and basically making sure that your GPUs, the different computers, can talk as fast as possible between each of them. I think that’s one piece of the puzzle that a lot of companies are missing, by the way, about NVIDIA is that they are truly providing full systems. They are not just providing a GPU. Some of their competitors are just providing GPUs. But NVIDIA can provide you the full rack. Now, they move to liquid-cool computing as well. They design their systems with liquid cooling in mind. They have a very different approach in the industry. It’s a systematic system-level approach to how do you optimize your data center. Quite frankly, that’s a bit hard to beat. Nuno Gonçalves Pedro For those listening, you’d be like, this is all very different. Semiconductors, networking, energy, manufacturing, this is all different. Then all of a sudden, as Bertrand is saying, well, there are some players that are acting across the stack. Then you see in the same sentence, you’re talking about nuclear power in Microsoft or nuclear power in Google, and you’re like, what happened? Why are these guys in the same sentence? It’s like they’re tech companies. Why are they talking about energy? It’s the nature of that. These ecosystems need to go hand in hand. The value chains are very deep. For you to actually reap the benefits of more and more, for example, semiconductor availability, you have to have better and better networking connectivity, and you have to have more and more energy at lower and lower costs, and all of that. All these things are intrinsically linked. That’s why you see all these big tech companies working across stack, NVIDIA being a great example of that in trying to create truly a systems approach to the world, as Bertrand was mentioning. Networking & connectivity: digital highways get rebuilt On the networking and connectivity side, as we said, we had a lot of fibre that was put down, etc, but there’s still more build-out needs to be done. 5G in terms of its densification is still happening. We’re now starting to talk, obviously, about 6G. I’m not sure most telcos are very happy about that because they just have been doing all this CapEx and all this deployment into 5G, and now people already started talking about 6G and what’s next. Obviously, data center interconnect is quite important, and all the hubbing that needs to happen around data centers is very, very important. We are seeing a lot movements around connectivity that are particularly important. Network gear and the emergence of players like Broadcom in terms of the semiconductor side of the fence, obviously, Cisco, Juniper, Arista, and others that are very much present in this space. As I said, we made an investment on the semiconductor side of networking as well, realizing that there’s still a lot of bottlenecks happening there. But obviously, the networking and connectivity stack still needs to be built at all levels within the data centers, outside of the data centers in terms of last mile, across the board in terms of fibre. We’re seeing a lot of movements still around the space. It’s what connects everything. At the end of the day, if there’s too much latency in these systems, if the bandwidths are not high enough, then we’re going to have huge bottlenecks that are going to be put at the table by a networking providers. Obviously, that doesn’t help anyone. If there’s a button like anywhere, it doesn’t work. All of this doesn’t work. Bertrand Schmitt Yes. Interestingly enough, I know we said for this episode, we not talk too much about space, but when you talk about 6G, it make me think about, of course, Starlink. That’s really your last mile delivery that’s being built as well. It’s a massive investment. We’re talking about thousands of satellites that are interconnected between each other through laser system. This is changing dramatically how companies can operate, how individuals can operate. For companies, you can have great connectivity from anywhere in the world. For military, it’s the same. For individuals, suddenly, you won’t have dead space, wide zones. This is also a part of changing how we could do things. It’s quite important even in the development of AI because, yes, you can have AI at the edge, but that interconnect to the rest of the system is quite critical. Having that availability of a network link, high-quality network link from anywhere is a great combo. Nuno Gonçalves Pedro Then you start seeing regions of the world that want to differentiate to attract digital nomads by saying, “We have submarine cables that come and hub through us, and therefore, our connectivity is amazing.” I was just in Madeira, and they were talking about that in Portugal. One of the islands of Portugal. We have some Marine cables. You have great connectivity. We’re getting into that discussion where people are like, I don’t care. I mean, I don’t know. I assume I have decent connectivity. People actually care about decent connectivity. This discussion is not just happening at corporate level, at enterprise level? Etc. Even consumers, even people that want to work remotely or be based somewhere else in the world. It’s like, This is important Where is there a great connectivity for me so that I can have access to the services I need? Etc. Everyone becomes aware of everything. We had a cloud flare mishap more recently that the CEO had to jump online and explain deeply, technically and deeply, what happened. Because we’re in their heads. If Cloudflare goes down, there’s a lot of websites that don’t work. All of this, I think, is now becoming du jour rather than just an afterthought. Maybe we’ll think about that in the future. Bertrand Schmitt Totally. I think your life is being changed for network connectivity, so life of individuals, companies. I mean, everything. Look at airlines and ships and cruise ships. Now is the advent of satellite connectivity. It’s dramatically changing our experience. Nuno Gonçalves Pedro Indeed. Energy: rebuilding the power stack (not just renewables) Moving maybe to energy. We’ve talked about energy quite a bit in the past. Maybe we start with the one that we didn’t talk as much, although we did mention it, which was, let’s call it the fossil infrastructure, what’s happening around there. Everyone was saying, it’s all going to be renewables and green. We’ve had a shift of power, geopolitics. Honestly, I the writing was on the wall that we needed a lot more energy creation. It wasn’t either or. We needed other sources to be as efficient as possible. Obviously, we see a lot of work happening around there that many would have thought, Well, all this infrastructure doesn’t matter anymore. Now we’re seeing LNG terminals, pipelines, petrochemical capacity being pushed up, a lot of stuff happening around markets in terms of export, and not only around export, but also around overall distribution and increases and improvements so that there’s less leakage, distribution of energy, etc. In some ways, people say, it’s controversial, but it’s like we don’t have enough energy to spare. We’re already behind, so we need as much as we can. We need to figure out the way to really extract as much as we can from even natural resources, which In many people’s mind, it’s almost like blasphemous to talk about, but it is where we are. Obviously, there’s a lot of renaissance also happening on the fossil infrastructure basis, so to speak. Bertrand Schmitt Personally, I’m ecstatic that there is a renaissance going regarding what is called fossil infrastructure. Oil and gas, it’s critical to humanity well-being. You never had growth of countries without energy growth and nothing else can come close. Nuclear could come close, but it takes decades to deploy. I think it’s great. It’s great for developed economies so that they do better, they can expand faster. It’s great for third-world countries who have no realistic other choice. I really don’t know what happened the past 10, 15 years and why this was suddenly blasphemous. But I’m glad that, strangely, thanks to AI, we are back to a more rational mindset about energy and making sure we get efficient energy where we can. Obviously, nuclear is getting a second act. Nuno Gonçalves Pedro I know you would be. We’ve been talking about for a long time, and you’ve been talking about it in particular for a very long time. Bertrand Schmitt Yes, definitely. It’s been one area of interest of mine for 25 years. I don’t know. I’ve been shocked about what happened in Europe, that willingness destruction of energy infrastructure, especially in Germany. Just a few months ago, they keep destroying on live TV some nuclear station in perfect working condition and replacing them with coal. I’m not sure there is a better definition of insanity at this stage. It looks like it’s only the Germans going that hardcore for some reason, but at least the French have stopped their program of decommissioning. America, it seems to be doing the same, so it’s great. On top of it, there are new generations that could be put to use. The Chinese are building up a very large nuclear reactor program, more than 100 reactors in construction for the next 10 years. I think everybody has to catch up because at some point, this is the most efficient energy solution. Especially if you don’t build crazy constraints around the construction of these nuclear reactors. If we are rational about permits, about energy, about safety, there are great things we could be doing with nuclear. That might be one of the only solution if we want to be competitive, because when energy prices go down like crazy, like in China, they will do once they have reach delivery of their significant build-up of nuclear reactors, we better be ready to have similar options from a cost perspective. Nuno Gonçalves Pedro From the outside, at the very least, nuclear seems to be probably in the energy one of the areas that’s more being innovated at this moment in time. You have startups in the space, you have a lot really money going into it, not just your classic industrial development. That’s very exciting. Moving maybe to the carbonization and what’s happening. The CCUS, and for those who don’t know what it is, carbon capture, utilization, and storage. There’s a lot of stuff happening around that space. That’s the area that deals with the ability to capture CO₂ emissions from industrial sources and/or the atmosphere and preventing their release. There’s a lot of things happening in that space. There’s also a lot of things happening around hydrogen and geothermal and really creating the ability to storage or to store, rather, energy that then can be put back into the grids at the right time. There’s a lot of interesting pieces happening around this. There’s some startup movement in the space. It’s been a long time coming, the reuse of a lot of these industrial sources. Not sure it’s as much on the news as nuclear, and oil and gas, but certainly there’s a lot of exciting things happening there. Bertrand Schmitt I’m a bit more dubious here, but I think geothermal makes sense if it’s available at reasonable price. I don’t think hydrogen technology has proven its value. Concerning carbon capture, I’m not sure how much it’s really going to provide in terms of energy needs, but why not? Nuno Gonçalves Pedro Fuels niche, again, from the outside, we’re not energy experts, but certainly, there are movements in the space. We’ll see what’s happening. One area where there’s definitely a lot of movement is this notion of grid and storage. On the one hand, that transmission needs to be built out. It needs to be better. We’ve had issues of blackouts in the US. We’ve had issues of blackouts all around the world, almost. Portugal as well, for a significant part of the time. The ability to work around transmission lines, transformers, substations, the modernization of some of this infrastructure, and the move forward of it is pretty critical. But at the other end, there’s the edge. Then, on the edge, you have the ability to store. We should have, better mechanisms to store energy that are less leaky in terms of energy storage. Obviously, there’s a lot of movement around that. Some of it driven just by commercial stuff, like Tesla a lot with their storage stuff, etc. Some of it really driven at scale by energy players that have the interest that, for example, some of the storage starts happening closer to the consumption as well. But there’s a lot of exciting things happening in that space, and that is a transformative space. In some ways, the bottleneck of energy is also around transmission and then ultimately the access to energy by homes, by businesses, by industries, etc. Bertrand Schmitt I would say some of the blackout are truly man-made. If I pick on California, for instance. That’s the logical conclusion of the regulatory system in place in California. On one side, you limit price that energy supplier can sell. The utility company can sell, too. On the other side, you force them to decommission the most energy-efficient and least expensive energy source. That means you cap the revenues, you make the cost increase. What is the result? The result is you cannot invest anymore to support a grid and to support transmission. That’s 100% obvious. That’s what happened, at least in many places. The solution is stop crazy regulations that makes no economic sense whatsoever. Then, strangely enough, you can invest again in transmission, in maintenance, and all I love this stuff. Maybe another piece, if we pick in California, if you authorize building construction in areas where fires are easy, that’s also a very costly to support from utility perspective, because then you are creating more risk. You are forced buy the state to connect these new constructions to the grid. You have more maintenance. If it fails, you can create fire. If you create fire, you have to pay billions of fees. I just want to highlight that some of this is not a technological issue, is not per se an investment issue, but it’s simply the result of very bad regulations. I hope that some will learn, and some change will be made so that utilities can do their job better. Nuno Gonçalves Pedro Then last, but not the least, on the energy side, energy is becoming more and more digitally defined in some ways. It’s like the analogy to networks that they’ve become more, and more software defined, where you have, at the edge is things like smart meters. There’s a lot of things you can do around the key elements of the business model, like dynamic pricing and other elements. Demand response, one of the areas that I invested in, I invest in a company called Omconnect that’s now merged with what used to be Google Nest. Where to deploy that ability to do demand response and also pass it to consumers so that consumers can reduce their consumption at times where is the least price effective or the less green or the less good for the energy companies to produce energy. We have other things that are happening, which are interesting. Obviously, we have a lot more electric vehicles in cars, etc. These are also elements of storage. They don’t look like elements of storage, but the car has electricity in it once you charge it. Once it’s charged, what do you do with it? Could you do something else? Like the whole reverse charging piece that we also see now today in mobile devices and other edge devices, so to speak. That also changes the architecture of what we’re seeing around the space. With AI, there’s a lot of elements that change around the value chain. The ability to do forecasting, the ability to have, for example, virtual power plans because of just designated storage out there, etc. Interesting times happening. Not sure all utilities around the world, all energy providers around the world are innovating at the same pace and in the same way. But certainly just looking at the industry and talking to a lot of players that are CEOs of some of these companies. That are leading innovation for some of these companies, there’s definitely a lot more happening now in the last few years than maybe over the last few decades. Very exciting times. Bertrand Schmitt I think there are two interesting points in what you say. Talking about EVs, for instance, a Cybertruck is able to send electricity back to your home if your home is able to receive electricity from that source. Usually, you have some changes to make to the meter system, to your panel. That’s one great way to potentially use your car battery. Another piece of the puzzle is that, strangely enough, most strangely enough, there has been a big push to EV, but at the same time, there has not been a push to provide more electricity. But if you replace cars that use gasoline by electric vehicles that use electricity, you need to deliver more electricity. It doesn’t require a PhD to get that. But, strangely enough, nothing was done. Nuno Gonçalves Pedro Apparently, it does. Bertrand Schmitt I remember that study in France where they say that, if people were all to switch to EV, we will need 10 more nuclear reactors just on the way from Paris to Nice to the Côte d’Azur, the French Rivière, in order to provide electricity to the cars going there during the summer vacation. But I mean, guess what? No nuclear plant is being built along the way. Good luck charging your vehicles. I think that’s another limit that has been happening to the grid is more electric vehicles that require charging when the related infrastructure has not been upgraded to support more. Actually, it has quite the opposite. In many cases, we had situation of nuclear reactors closing down, so other facilities closing down. Obviously, the end result is an increase in price of electricity, at least in some states and countries that have not sold that fully out. Nuno Gonçalves Pedro Manufacturing: the return of “atoms + bits” Moving to manufacturing and what’s happening around manufacturing, manufacturing technology. There’s maybe the case to be made that manufacturing is getting replatformed, right? It’s getting redefined. Some of it is very obvious, and it’s already been ongoing for a couple of decades, which is the advent of and more and more either robotic augmented factories or just fully roboticized factories, where there’s very little presence of human beings. There’s elements of that. There’s the element of software definition on top of it, like simulation. A lot of automation is going on. A lot of AI has been applied to some lines in terms of vision, safety. We have an investment in a company called Sauter Analytics that is very focused on that from the perspective of employees and when they’re still humans in the loop, so to speak, and the ability to really figure out when people are at risk and other elements of what’s happening occurring from that. But there’s more than that. There’s a little bit of a renaissance in and of itself. Factories are, initially, if we go back a couple of decades ago, factories were, and manufacturing was very much defined from the setup. Now it’s difficult to innovate, it’s difficult to shift the line, it’s difficult to change how things are done in the line. With the advent of new factories that have less legacy, that have more flexible systems, not only in terms of software, but also in terms of hardware and robotics, it allows us to, for example, change and shift lines much more easily to different functions, which will hopefully, over time, not only reduce dramatically the cost of production. But also increase dramatically the yield, it increases dramatically the production itself. A lot of cool stuff happening in that space. Bertrand Schmitt It’s exciting to see that. One thing this current administration in the US has been betting on is not just hoping for construction renaissance. Especially on the factory side, up of factories, but their mindset was two things. One, should I force more companies to build locally because it would be cheaper? Two, increase output and supply of energy so that running factories here in the US would be cheaper than anywhere else. Maybe not cheaper than China, but certainly we get is cheaper than Europe. But three, it’s also the belief that thanks to AI, we will be able to have more efficient factories. There is always that question, do Americans to still keep making clothes, for instance, in factories. That used to be the case maybe 50 years ago, but this move to China, this move to Bangladesh, this move to different places. That’s not the goal. But it can make sense that indeed there is ability, thanks to robots and AI, to have more automated factories, and these factories could be run more efficiently, and as a result, it would be priced-competitive, even if run in the US. When you want to think about it, that has been, for instance, the South Korean playbook. More automated factories, robotics, all of this, because that was the only way to compete against China, which has a near infinite or used to have a near infinite supply of cheaper labour. I think that all of this combined can make a lot of sense. In a way, it’s probably creating a perfect storm. Maybe another piece of the puzzle this administration has been working on pretty hard is simplifying all the permitting process. Because a big chunk of the problem is that if your permitting is very complex, very expensive, what take two years to build become four years, five years, 10 years. The investment mass is not the same in that situation. I think that’s a very important part of the puzzle. It’s use this opportunity to reduce regulatory state, make sure that things are more efficient. Also, things are less at risk of bribery and fraud because all these regulations, there might be ways around. I think it’s quite critical to really be careful about this. Maybe last piece of the puzzle is the way accounting works. There are new rules now in 2026 in the US where you can fully depreciate your CapEx much faster than before. That’s a big win for manufacturing in the US. Suddenly, you can depreciate much faster some of your CapEx investment in manufacturing. Nuno Gonçalves Pedro Just going back to a point you made and then moving it forward, even China, with being now probably the country in the world with the highest rate of innovation and take up of industrial robots. Because of demographic issues a little bit what led Japan the first place to be one of the real big innovators around robots in general. The fact that demographics, you’re having an aging population, less and less children. How are you going to replace all these people? Moving that into big winners, who becomes a big winner in a space where manufacturing is fundamentally changing? Obviously, there’s the big four of robots, which is ABB, FANUC, KUKA, and Yaskawa. Epson, I think, is now in there, although it’s not considered one of the big four. Kawasaki, Denso, Universal Robots. There’s a really big robotics, industrial robotic companies in the space from different origins, FANUC and Yaskawa, and Epson from Japan, KUKA from Germany, ABB from Switzerland, Sweden. A lot of now emerging companies from China, and what’s happening in that space is quite interesting. On the other hand, also, other winners will include players that will be integrators that will build some of the rest of the infrastructure that goes into manufacturing, the Siemens of the world, the Schneider’s, the Rockwell’s that will lead to fundamental industrial automation. Some big winners in there that whose names are well known, so probably not a huge amount of surprises there. There’s movements. As I said, we’re still going to see the big Chinese players emerging in the world. There are startups that are innovating around a lot of the edges that are significant in this space. We’ll see if this is a space that will just be continued to be dominated by the big foreign robotics and by a couple of others and by the big integrators or not. Bertrand Schmitt I think you are right to remind about China because China has been moving very fast in robotics. Some Chinese companies are world-class in their use of robotics. You have this strange mix of some older industries where robotics might not be so much put to use and typically state-owned, versus some private companies, typically some tech companies that are reconverting into hardware in some situation. That went all in terms of robotics use and their demonstrations, an example of what’s happening in China. Definitely, the Chinese are not resting. Everyone smart enough is playing that game from the Americans, the Chinese, Japanese, the South Koreans. Nuno Gonçalves Pedro Exciting things are manufacturing, and maybe to bring it all together, what does it mean for all the big players out there? If we talk with startups and talk about startups, we didn’t mention a ton of startups today, right? Maybe incumbent wind across the board. But on a more serious note, we did mention a few. For example, in nuclear energy, there’s a lot of startups that have been, some of them, incredibly well-funded at this moment in time. Wrap: what it means for startups, incumbents, and investors There might be some big disruptions that will come out of startups, for example, in that space. On the chipset side, we talked about the big gorillas, the NVIDIAs, AMDs, Intel, etc., of the world. But we didn’t quite talk about the fact that there’s a lot of innovation, again, happening on the edges with new players going after very large niches, be it in networking and switching. Be it in compute and other areas that will need different, more specialized solutions. Potentially in terms of compute or in terms of semiconductor deployments. I think there’s still some opportunities there, maybe not to be the winner takes all thing, but certainly around a lot of very significant niches that might grow very fast. Manufacturing, we mentioned the same. Some of the incumbents seem to be in the driving seat. We’ll see what happens if some startups will come in and take some of the momentum there, probably less likely. There are spaces where the value chains are very tightly built around the OEMs and then the suppliers overall, classically the tier one suppliers across value chains. Maybe there is some startup investment play. We certainly have played in the couple of the spaces. I mentioned already some of them today, but this is maybe where the incumbents have it all to lose. It’s more for them to lose rather than for the startups to win just because of the scale of what needs to be done and what needs to be deployed. Bertrand Schmitt I know. That’s interesting point. I think some players in energy production, for instance, are moving very fast and behaving not only like startups. Usually, it’s independent energy suppliers who are not kept by too much regulations that get moved faster. Utility companies, as we just discussed, have more constraints. I would like to say that if you take semiconductor space, there has been quite a lot of startup activities way more than usual, and there have been some incredible success. Just a few weeks ago, Rock got more or less acquired. Now, you have to play games. It’s not an outright acquisition, but $20 billion for an IP licensing agreement that’s close to an acquisition. That’s an incredible success for a company. Started maybe 10 years ago. You have another Cerebras, one of the competitor valued, I believe, quite a lot in similar range. I think there is definitely some activity. It’s definitely a different game compared to your software startup in terms of investment. But as we have seen with AI in general, the need for investment might be larger these days. Yes, it might be either traditional players if they can move fast enough, to be frank, because some of them, when you have decades of being run as a slow-moving company, it’s hard to change things. At the same time, it looks like VCs are getting bigger. Wall Street is getting more ready to finance some of these companies. I think there will be opportunities for startups, but definitely different types of startups in terms of profile. Nuno Gonçalves Pedro Exactly. From an investor standpoint, I think on the VC side, at least our core belief is that it’s more niche. It’s more around big niches that need to be fundamentally disrupted or solutions that require fundamental interoperability and integration where the incumbents have no motivation to do it. Things that are a little bit more either packaging on the semiconductor side or other elements of actual interoperability. Even at the software layer side that feeds into infrastructure. If you’re a growth investor, a private equity investor, there’s other plays that are available to you. A lot of these projects need to be funded and need to be scaled. Now we’re seeing projects being funded even for a very large, we mentioned it in one of the previous episodes, for a very large tech companies. When Meta, for example, is going to the market to get funding for data centers, etc. There’s projects to be funded there because just the quantum and scale of some of these projects, either because of financial interest for specifically the tech companies or for other reasons, but they need to be funded by the market. There’s other place right now, certainly if you’re a larger private equity growth investor, and you want to come into the market and do projects. Even public-private financing is now available for a lot of things. Definitely, there’s a lot of things emanating that require a lot of funding, even for large-scale projects. Which means the advent of some of these projects and where realization is hopefully more of a given than in other circumstances, because there’s actual commercial capital behind it and private capital behind it to fuel it as well, not just industrial policy and money from governments. Bertrand Schmitt There was this quite incredible stat. I guess everyone heard about that incredible growth in GDP in Q3 in the US at 4.4%. Apparently, half of that growth, so around 2.2% point, has been coming from AI and related infrastructure investment. That’s pretty massive. Half of your GDP growth coming from something that was not there three years ago or there, but not at this intensity of investment. That’s the numbers we are talking about. I’m hearing that there is a good chance that in 2026, we’re talking about five, even potentially 6% GDP growth. Again, half of it potentially coming from AI and all the related infrastructure growth that’s coming with AI. As a conclusion for this episode on infrastructure, as we just said, it’s not just AI, it’s a whole stack, and it’s manufacturing in general as well. Definitely in the US, in China, there is a lot going on. As we have seen, computing needs connectivity, networks, need power, energy and grid, and all of this needs production capacity and manufacturing. Manufacturing can benefit from AI as well. That way the loop is fully going back on itself. Infrastructure is the next big thing. It’s an opportunity, probably more for incumbents, but certainly, as usual, with such big growth opportunities for startups as well. Thank you, Nuno. Nuno Gonçalves Pedro Thank you, Bertrand.

- Most Dealers Not Recouping EV Investments - Waymo Now More Valuable Than Most Automakers - Toyota and Honda Overtake the Detroit 3 in Canada - Denso Cuts Forecast But Still Expects Record Year - Porsche Could Scrap Next-Gen 718 EV Models - Chinese Researchers Develop Breathable Silicon Anode - Jag Skips Skateboard Chassis for Lower Seating Position - Microvision Gets Lidar Tech for Pennies on the Dollar

- Most Dealers Not Recouping EV Investments - Waymo Now More Valuable Than Most Automakers - Toyota and Honda Overtake the Detroit 3 in Canada - Denso Cuts Forecast But Still Expects Record Year - Porsche Could Scrap Next-Gen 718 EV Models - Chinese Researchers Develop Breathable Silicon Anode - Jag Skips Skateboard Chassis for Lower Seating Position - Microvision Gets Lidar Tech for Pennies on the Dollar

El Pontevedra CF empata 1-1 ante el CD Arenteiro en un partido espeso, con una primera parte discreta y una segunda algo mejor. Analizamos las sensaciones del equipo, el posible bajón físico, la adaptación de los fichajes, una plantilla corta que empieza a notar el desgaste y la necesidad de nuevos refuerzos. Pese al empate, el Pontevedra sigue tercero, en una jornada con resultados sorprendentes que confirman que en esta liga los puntos no se regalan.

Imagínate que tienes en una mano una bola gigante de algodón y en la otra una canica chiquitita. ¿Cuál pesa más? Exacto… la canica. Y ahí es donde mucha gente se confunde, porque solemospensar que algo grande siempre pesa más, pero el universo —como buen rebelde nos dice: “no necesariamente”. Hoy vamos a hablar de peso, masa, volumen y densidad, perosin fórmulas raras ni palabras de libro de texto. Y después… nos vamos de viaje a las cosas más densas del universo, esas que parecen ciencia ficción, pero son 100% reales.Spoiler: vamos a terminar hablando de cosas tan densas queuna cucharadita pesa más que una montaña entera.

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E aí eu sonhava, eu não tinha um controle com botão Turbo. E eu sonhava em ter um botão Turbo pra jogar Paperboy porque aí o bonequinho do Paperboy podia ficar tipo assim atirando o jornal infinitamente e aí invariavelmente ele ia acertar as casinhas, entendeu? Então o botão Turbo era um sonho da minha vida.Mas eu acabei, acho que não tinha um controle com botão Turbo ou quando eu tinha eu não cheguei a jogar Paperboy. Mas é uma coisa muito de umas décadas atrás, né? Hoje em dia a moçada não faz mais a cabeça.Toda moçada. Aí falando rapidinho, aí ampassando Blue Prince eDiálogo infinito sobre games via WhatsApp.Com João Varella, Alexandre Sato, Thomas Kehl, Marcos Kiyoto, João R e Marina Andreoli ⁠2 analógicos⁠

In dieser spannenden Folge von Reefing Made Simple spricht Reef Art & Design mit zwei besonderen Gästen: Denso von Denso's Reef und Socrates von Caesar Corals. Gemeinsam tauchen wir tief ein in die faszinierende Welt der Meerwasser-Aquaristik – von der Wissenschaft bis zur Videografie.

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"Ya hemos hablado alguna vez de agujeros negros, pero no tanto de sus parientes políticos, otros objetos astronómicos que comparten con ellos las altísimas densidades, objetos compactos como estrellas de neutrones, enanas blancas y esas hipotéticas entidades que son las estrellas de bosones, agujeros blancos o, incluso, estrellas de quarks. Pues bien, en este capítulo le ponemos remedio, aunque sea, con una pincelada de cada uno (tras hablar largo y tendido de los reyes, por supuesto).Para hablar de ello contamos con nosotros con Daniela Pérez, que es doctora en Astronomía por la Facultad de Ciencias Astronómicas y Geofísicas de la Universidad Nacional de La Plata (UNLP), investigadora adjunta en el Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET) y docente en la Facultad de Ciencias Exactas de la UNLP. Sus investigaciones, ahora mismo, se centran en agujeros negros, cosmología y gravitación."Un podcast de Diario La Razón, dirigido y presentado por Ignacio Crespo y producido por https://lafabricadepodcast.com

　スポーツランドSUGOで行われた2025スーパーGT第6戦の決勝途中の多重クラッシュにより、約1時間15分にわたって中断されたが、再開後の残り30分は、39号車DENSO LOBELCO SARD GR Supraと2 […]

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- Canada vs. U.S. Traffic Fatality Rates - Ford Posts $36 Million Q2 Loss - Ford Cuts EV Programs to Feed ICE - Could U.S. Tariffs Be Illegal? - Tariffs Hit Denso Profits - ZF to Accelerate Restructuring - Renault Makes Head of Purchasing the CEO - Honda Prelude Sneak Peek - IVECO Sells Truck Business to Tata - Mercedes Seizes 1.5 Million in Fake Parts

- Canada vs. U.S. Traffic Fatality Rates - Ford Posts $36 Million Q2 Loss - Ford Cuts EV Programs to Feed ICE - Could U.S. Tariffs Be Illegal? - Tariffs Hit Denso Profits - ZF to Accelerate Restructuring - Renault Makes Head of Purchasing the CEO - Honda Prelude Sneak Peek - IVECO Sells Truck Business to Tata - Mercedes Seizes 1.5 Million in Fake Parts

In this episode, we sit down with Filip Smeets, Chief Commercial Officer at Ceres Power, to explore the company's solid oxide technology and its role in the green H2 revolution. Filip shares his journey from NEL Hydrogen and Hydrogenics to Ceres, diving into the dual capability of their solid oxide platform for both electrolysis and fuel cells. He highlights how this flexibility, combined with high efficiency and modular scalability, positions Ceres to transform hard-to-abate industries such as steel, ammonia and data centers. We discuss strategic partnerships with Shell and Denso, the importance of leveraging industrial waste heat, and how licensing accelerates global deployment. Filip also addresses the critical role policymakers play in driving infrastructure change and enabling clean energy adoption.

Shoot us a Text.Episode #1005: The biggest dealership groups continue their march toward market dominance while Toyota's hybrid boom is pushing suppliers to the limit. Meanwhile, Gen Z graduates face a tough reality as government hiring freezes throw career plans into chaos.Show Notes with links:The biggest names in auto retail continued their dominance in 2024, with the top 150 dealership groups expanding their footprint and market share. Growth, acquisitions, and shifting strategies defined the rankings, showing how consolidation is shaping the future of the industry.The top 150 groups sold over 4 million new vehicles in 2024, up 7.2% from the previous year, and now own 26.6% of all U.S. franchised dealerships, up from just 13.9% in 2011.Holman made the biggest leap, climbing 17 spots to No. 15 after acquiring Leith Automotive Group.Some of our other friends on the list: 140-DeMontrond, 134-Casa, 83-Sam Pack Auto Group, 80-Carter Myers Automotive, 70-DGDG, 60-Rohrman, 58-Bergstrom, 43–Ciocca, 32-Walser, 16-Ourisman“The top 10 reported owning 10.5% of U.S. dealerships, continuing the trend of industry consolidation,” said Mary Raetz, director of the Automotive News Research & Data Center.Toyota's hybrid strategy is paying off—maybe too well. Soaring global demand for its gasoline-electric hybrids has outpaced supply, leaving customers facing long wait times and suppliers scrambling to keep up.Wait times for Toyota hybrids range from 60 days in Europe to nine months in India.Parts shortages, including key components from suppliers like Aisin and Denso, are causing production bottlenecks.Toyota is ramping up output, including a $14B battery plant in North Carolina set to ship batteries in April.Global hybrid sales nearly tripled over five years, hitting 16.1 million in 2024.The surging demand has led to soaring dealership valuations in the US. According to Mercer Capital, Toyota dealerships in metro markets, particularly in Florida, can command valuation multiples as high as 10 times earnings in today's market.​​The class of 2025 is stepping into a tough job market, with tech downturns, federal hiring freezes, and economic uncertainty making it harder than ever for new grads to secure stable careers. Many are rethinking their career plans as public sector opportunities shrink.Government job applications nearly doubled in 2023, but hiring freezes have now put many positions on hold.Some federal job offers have been rescinded, and funding-dependent industries like nonprofits and universities are also feeling the squeeze.Economic shifts, including tariff concerns, have made companies hesitant to expand hiring.Many students are prioritizing stability over passion, with some opting for private-sector jobs over public service roles."The job market just seems super unstable in almost any field," said Tulane sophomore Katie Schwartz,Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email

Este episodio es DENSO, pero brutalmente valioso. Si tienes una marca o sueñas con construir una, esto te va a cambiar la cabeza. Hablamos con Borja Oria, socio de Arcano y uno de los cracks de banca de inversión en España, sobre cómo se venden empresas por millones… incluso sin facturar millones.Te explicamos qué buscan los inversionistas, cómo se mide el verdadero valor de una marca, qué errores matan deals y cómo inflar el valor de tu negocio con estrategia, marca y percepción. Esto no es humo: es cómo funciona el juego real. Y sí, hay fórmulas para volverte irresistible en el mercado (aunque no tengas miles de seguidores).Al final entenderás cómo crear una marca que los grandes quieran comprar. Y lo mejor: no necesitas ser gigante para hacerlo.La pregunta es: tu marca… ¿vale lo que debería?

O super-herói mais traumatizado da animação voltou e não poderíamos deixar passar, nerds! Confira neste NerdCast o que achamos da terceira temporada de Invencível e porquê essa foi de longe a melhor. OZOB: A CYBERPUNK BOARDGAME Faça parte do Financiamento Coletivo Internacional de OZOB: A Cyberpunk Boardgame: https://jovemnerd.page.link/Ozob_Gamefound_NerdCast CONFIRA OS OUTROS CANAIS DO JOVEM NERD  E-MAILS Mande suas críticas, elogios, sugestões e caneladas para nerdcast@jovemnerd.com.br APP JOVEM NERD: Google Play Store |  Apple App Store ARTE DA VITRINE: Randall Random Baixe a versão Wallpaper da vitrine EDIÇÃO COMPLETA POR RADIOFOBIA PODCAST E MULTIMÍDIA

"Cuéntaselo a Emma", donde tú eres el protagonista. Historias reales que no veras en jw.org. Si quieres APOYAR mi trabajo: Patreon: https://www.patreon.com/emma_mene Paypal: https://streamlabs.com/elrincondeemma Únete a mi canal!!: https://www.youtube.com/channel/UCYn9E0OZxM4L-MY3nV-FBNQ/join ---------------------------------------------------------------------------------------------------------------------------------------- Twitch: https://www.twitch.tv/emma_mene Instagram: https://www.instagram.com/elgranmene/ TikTok: https://www.tiktok.com/@el_rincon_de_emma Facebook: El Rincón de Emma Twitter:https://twitter.com/elrincondeemma2 ⚔️Discord: https://discord.gg/3tb93kf82p Spotify: El rincón de Emma Ivoox: https://tinyurl.com/y3glwygw Canal de covers: https://www.youtube.com/channel/UCr1iPF7GOeM2vUjfhmpH33g ➡️Canal de directos: https://www.youtube.com/channel/UCX8wZews2vAwvtLzjc4tKcQ Correo de contacto: elrincondeemma87@gmail.com ---------------------------------------------------------------------------------------------------------------------------------------- Mi cámara: https://amzn.to/3webd6S Cámara Web Directos: https://amzn.to/3H0btLJ Camara web secundaria: https://amzn.to/3XdjMcY Micro Shure: https://amzn.to/3EiEG3e Micro Blue Yeti: https://amzn.to/3W7AFnY Micro solapa: https://amzn.to/2Y9jXch Auriculares: https://amzn.to/3UNDQRc Mesa mezclas: https://amzn.to/3CKM1Y5 Stream Deck: https://amzn.to/3W6NQoY Anillo luces: https://amzn.to/3W0fa8s

‪@ManuelTurizoMTZ‬ presenta su álbum #201 en esta #entrevista exclusiva de #tumusicahoy #manuelturizo

- GM and Hyundai Going to Collaborate - Stellantis' Dealers Attack CEO - Stellantis Lacks Safety Ambition - Denso Building Unmanned Assembly Plant - Nuro Drops AV Pods to License Tech - Nissan Trying to Get Inventory Under Control - Fiat Cuts 500e Production - VW Gives New Taos More Power - 1st Level 4 Passenger AV

- GM and Hyundai Going to Collaborate - Stellantis' Dealers Attack CEO - Stellantis Lacks Safety Ambition - Denso Building Unmanned Assembly Plant - Nuro Drops AV Pods to License Tech - Nissan Trying to Get Inventory Under Control - Fiat Cuts 500e Production - VW Gives New Taos More Power - 1st Level 4 Passenger AV

Would you inject artificial blood if your life depended on it? Would you put your children on a self-driving bus? Can you trust AI CEOs that love being part of the World Economic Forum?Show NotesWEIRD CORNERSClinical trial on artificial blood cells to begin in JapanCommon wild amphibians banned from Yahoo auctionsTrain travels all day long with corpse aboard in Tokyo areaSOCIETY 5.0JR West now has giant robots performing maintenance work via VR-goggled operatorsUtilizing AI to realize demand forecasting and plan optimization for the global manufacturing supply chainPrime Minister Kishida announces that autonomous driving will be implemented at 10 locations, eliminating the need for a driverSelf-driving buses move smoothly through tunnels in Hokkaido's Kamishihoro townKawasaki City to begin demonstration experiment of self-driving buses that cross prefectural borders, the first in Japan, from January next year, aiming for "driverless" by 2027Tier IV, whose president is an autonomous driving engineer, is ranked "No. 1 in Japan" in fundraising! Survey conducted from January to June 2024Nissan-backed China's self-driving WeRide applies for IPO in U.S.Denso-affiliated J-QuAD sees second consecutive quarterly profit increase due to "special demand" caused by autonomous driving development?Toyota's research and development expenditure hits record high of 1.3 trillion yen! Will it be used for "Autonomous Driving" and "Woven City"?NEXCO Central conducts demonstration experiment of self-driving snowplow on Shin-Tomei ExpresswaySUPPLY CHAIN WARSChinese takeover of European seaports: EU turned a blind eye on security risks for years, experts say - Follow the Money - Platform for investigative journalismLinked by Russia, North Korea and Belarus vow ‘new era' of bilateral tiesJapan devising support plan on trade, decarbonization for Central AsiaUber, China's BYD, form partnership to deploy 100,000 EVs in EU and Latin AmericaTaiwan is readying citizens for a Chinese invasion. It's not going well.

#NHRA #NHRADragRacing2024 #DragRacing DENSO Sonoma Nationals winners, Bob Tasca, Aaron Stanfield, and Matt Smith join WFO Radio. Bob Tasca will talk 340 mph and the behind the scenes of his 3rd NHRA National event win. Aaron Stanfield also won his 3rd race of the season and gives the details of his final round win over Cory Reed in Pro Stock. Matt Smith won the GETTRX Pro Stock Motorcycle All-Star Call and swept the weekend at the DENSO Sonoma Nationals from Sonoma Raceway. Interviews on WFO Radio have become part of winning for drivers in the NHRA Drag Racing Series. As part of the National Hot Rod Association's Track Announcing team, host Joe Castello brings insights directly from the world of professional NHRA Mission Foods and Lucas Oil Series Drag Racing. NHRA results and news are featured in weekly livestreams, NHRA's Alan Reinhart and other NHRA stars including John Force, Ron Capps, Antron Brown, Steve Torrence, Justin Ashley, Josh Hart, Austin Prock, Greg Anderson, and Erica Enders all make frequent stops on the WFO Radio Podcast and livestream. MERCH: https://www.teepublic.com/stores/wfo-radio?ref_id=24678 PATREON: https://www.patreon.com/WFORadio APPLE: https://podcasts.apple.com/us/podcast/wfo-radio-podcast/id449870843?ls=1 SPOTIFY: https://open.spotify.com/show/0oo5mn0E3VmfhRCTHyLQIS GOOGLE: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL1dmb1JhZGlv

#NHRA #DragRacing #JohnForce John Force's replacement driver is revealed! WFO Joe covers the story in detail with instant reaction from the audience. Hall of Fame driver Frank Hawley shares his opinion on the pick. Host, Joe Castello will recap the race from Sonoma Raceway, check out the highlights, and look ahead to the final 8 races of the season. Interviews on WFO Radio have become part of winning for drivers in the NHRA Drag Racing Series. As part of the National Hot Rod Association's Track Announcing team, host Joe Castello brings insights directly from the world of professional NHRA Mission Foods and Lucas Oil Series Drag Racing. NHRA results and news are featured in weekly livestreams, NHRA's Alan Reinhart and other NHRA stars including John Force, Ron Capps, Antron Brown, Steve Torrence, Justin Ashley, Josh Hart, Austin Prock, Greg Anderson, and Erica Enders all make frequent stops on the WFO Radio Podcast and livestream. MERCH: https://www.teepublic.com/stores/wfo-radio?ref_id=24678 PATREON: https://www.patreon.com/WFORadio APPLE: https://podcasts.apple.com/us/podcast/wfo-radio-podcast/id449870843?ls=1 SPOTIFY: https://open.spotify.com/show/0oo5mn0E3VmfhRCTHyLQIS GOOGLE: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL1dmb1JhZGlv

Onlyfans ayyy ayyy ayyy castigado por muchos, amados por otros pero eso sí consumido por una GRAN cantidad de personas. Pachis y yo tenemos OF y en este episodio les compartimos un poco de nuestro viaje en este mundo, desde la culpa hasta el empoderamiento que nos ha otorgado. Pachis, mejor amiga, persona increíble te amo y gracias por venir a platicar al Podcasmo.

In this episode of The Sustainability Podcast, we delve into the cutting-edge advancements and strategic collaborations driving sustainability across various sectors. From Hitachi's predictive diagnosis service for air compressors and Hexagon's HxGN APM solution optimizing asset management, to Toyota and Pepco's innovative vehicle-to-grid technology research, we explore how these technological breakthroughs are fostering more efficient and sustainable industrial practices. We also highlight significant developments in transportation and mobility, including Hitachi Rail's acquisition of Thales' Ground Transportation Systems, NTT Data and DENSO's strategic partnership for software-defined vehicles, and AlphaStruxure's groundbreaking renewable energy-powered transit depot in Montgomery County. Furthermore, we cover key insights from the 2nd VDMA Industry Conference in Shanghai and the ACIEU Microgrid Conference, showcasing the impact of AI in manufacturing and the potential of microgrids in enhancing energy resilience. Lastly, we discuss the joint venture between SLB and Aker Carbon Capture, aiming to accelerate carbon capture adoption for industrial decarbonization. For a more in-depth analysis of these topics, visit arcweb.com and explore their blog section. Join us as we uncover how these innovations are shaping a sustainable future and driving progress across industries. Don't forget to subscribe to our podcast at www.thesustainability.buzzsprout.com for more insights and updates.--------------------------------------------------------------------------Would you like to be a guest on our growing podcast? If you have an intriguing, thought provoking topic you'd like to discuss on our podcast, please contact our host Jim Frazer View all the episodes here: https://thesustainabilitypodcast.buzzsprout.com

Depuis deux ans le gouvernement japonais investit très lourdement pour doper la production nationale de semi-conducteurs, un secteur où l'Archipel s'est fait distancer ces dernières décennies par ses voisins taïwanais et sud-coréen. 27 milliards de dollars sur trois ans ont été prévus pour relancer cette industrie hautement stratégique. Le Japon est-il en train de réussir son retour dans le secteur des puces ? La rapidité avec laquelle la première fonderie du géant taïwanais des semi-conducteurs, TSMC, a été construite en un peu plus de deux ans dans l'Archipel en témoigne. Inaugurée en février dernier, codétenue avec le conglomérat électronique Sony et l'équipementier automobile Denso, l'usine de Kumamoto a coûté plus de 8 milliards de dollars, dont plus de 40 % ont été apportés par le gouvernement japonais. Objectif : produire des puces entre 12 et 28 nanomètres que l'on retrouve par exemple dans les jeux vidéo ou l'électronique embarquée utilisée notamment dans l'automobile. Une deuxième, voire une troisième usine devraient sortir de terre dans les prochaines années. La rapidité est la clé dans l'industrie des semi-conducteurs, répètent les Japonais.À lire aussiSemi-conducteurs: le groupe taïwanais TSMC inaugure une nouvelle usine au JaponAvantages pour TaïwanCôté taïwanais, le groupe TSMC a trouvé une main d'œuvre très qualifiée sur place. Ce n'est pas le cas pour ce qui est de son autre méga-usine en Arizona, aux États-Unis, dont l'ouverture a dû être repoussée à 2025. Plus globalement, Taipei veut diversifier sa base de production, actuellement très concentrée sur l'île. D'où ces projets de construction d'usines aux États-Unis et en Allemagne. Pour Taïwan, c'est une question vitale. Plus les pays se sentiront liés à lui, plus ils seront solidaires face à l'éventuelle menace de la Chine, se dit Taipei. Et puis, le Japon est tout proche. Les deux pays veulent surmonter un passé douloureux, Taïwan était occupé par le Japon jusqu'en 1945, le courant passe apparemment.Côté JaponChampion des puces dans les années 1990, le Japon veut ramener la production des semi-conducteurs sur son sol. Durant la pandémie, en manque de vaccins anti-Covid, le gouvernement japonais s'est rendu compte de sa dépendance aux approvisionnements étrangers. Tokyo ne veut pas que cette situation se reproduise. L'industrie des puces fait désormais partie des secteurs hautement stratégiques pour le pays.Vers une production nippone des puces de pointeDans le Nord du Japon, un grand projet public-privé avance pour une construction d'une fonderie de puces de 2 nanomètres, soit les plus puissantes du monde, dédiées notamment à l'intelligence artificielle. Le consortium Rapidus, rassemblant huit entreprises japonaises, assure que son usine sera opérationnelle dès 2027. D'autres entreprises étrangères, comme Microsoft, Google ou Nvidia, investissent dans ce secteur crucial. Tous ces projets devraient propulser le Japon dans une nouvelle ère. Tout en garantissant un approvisionnement fiable, loin des tensions existantes entre les États-Unis et la Chine.À lire aussiLe Japon investit 3,6 milliards d'euros supplémentaires dans les semi-conducteurs

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Nando Sommerfeldt und Holger Zschäpitz über das Billionen-Szenario bei Eli Lilly, den Absturz von Roku und einen Aktienmarkt, der noch unter sein Hoch aus dem Jahr 1989 notiert und jetzt so richtig durchstartet. Außerdem geht es um DoorDash, Toyota, KDDI, Denso, Fujitsu, Shinko Electric, Nippon Steel, Hitachi, Dai-ichi Life, Fanuc, Komatsu, Panasonic, Mitsubishi UFJ Group, Toyo Suisan, Chugai, eGuarantee, Modec, Amundi Japan Topix (WKN: A2H58V), iShares Nikkei 225 ETF (WKN: A0H08D), Swisscanto Equity Fund Small & Mid Caps Japan (WKN: 658453) oder den Janus Henderson Horizon Japanese Smaller Companies (WKN: 972768). Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

- Ford Dealers Fight EV Mandate - ONE Lays Off 25% of Workforce - Toyota Shrinks Its Keiretsu - NLRB Rules in Favor and Against Tesla - Sweden Backs Tesla Lawsuit - New EV Benchmark 5 Mi per kWh - Toyota Unleashes New Tacoma

- Ford Dealers Fight EV Mandate - ONE Lays Off 25% of Workforce - Toyota Shrinks Its Keiretsu - NLRB Rules in Favor and Against Tesla - Sweden Backs Tesla Lawsuit - New EV Benchmark 5 Mi per kWh - Toyota Unleashes New TacomaThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3270299/advertisement

I am thrilled to share with you the latest episode of the Jaded Mechanic podcast!

Is the time ripe for Japanese growth stocks? Donald Farquharson is Baillie Gifford's head of Japanese equities and knows the market better than most. In the latest episode of Short Briefings on Long Term Thinking he draws on a recent visit to the country to explain why conditions seem favourable for a cohort of domestic companies with long-term mindsets. Background There's a sense of renewed confidence and enthusiasm in the air in Japan. The country is home to the world's second-largest market for equities after the US, but it doesn't get a corresponding degree of attention from international investors. The reason is partly because of the nation's past weak economic performance. But a recovery is underway, and critically, many of its growth stocks have strong balance sheets, big ambitions and a positive story to tell. In this episode, Baillie Gifford partner Donald Farquharson draws on his experience of investing in Japan since 1990 to explain why he's particularly optimistic about the opportunities ahead for a select group of companies. They include the medical equipment maker Olympus, the car components manufacturer DENSO and the takeover advisory service Nihon M&A Center.He also shares why he thinks some misunderstand Japan and why it's no coincidence that many of the companies he backs are founder-run.Resources: Discovering the unsung superstars of Japanese technologyFrom Yahoo! to Z Holdings: the evolution of an online pioneerJapan: the small businesses with big opportunitiesInvesting in Japan: distance lends perspectiveDonald Farquharson's LinkedIn pageAiming High: Masayoshi Son, Softbank Group and Disrupting Silicon ValleyPast podcasts Timecodes:00.00      Introduction01:40        Investing in Japan in the 1990s03:00        ‘Undiscovered' Japan03:55        How banks and other businesses changed05:30      A sustainable recovery?06:45        An exciting time for growth companies07:45        Strong balance sheets08:15        Olympus and endoscopes09:45        Diversity on the board11:00      Nihon M&A Center and company takeovers12:50        DENSO, a major supplier to Toyota and others14:30        Toyota City, home to one million people15:35        Competition for car batteries16:30      Baillie Gifford's advantage in Japan17:45        Looking beyond the headlines18:20      Book recommendation: Masayoshi Son and Aiming High19:45        Investing in founder-led firms Follow us via:TwitterLinkedInEmail Companies mentioned include:DENSOKoganei Country ClubNihon M&S CenterOlympusPanasonicROHM SemiconductorSoftbankToyota

In this episode we talk to Daniel Wiegand, Co-founder & Chief Engineer for Innovation and Future Programmes at Lilium. He shares Lilium's vision to revolutionise regional air mobility by building the world's first electric vertical take-off and landing (eVTOL) jet.While most eVTOLs are seen as advanced versions of helicopters, Lilium Jet's unique design allows for passengers to be transported using vertical takeoff and landing, and then proceed with what they're terming “jet propulsion” for travel. The company expects its first eVTOL jet to enter commercial service by the end of 2025.Speaking about the future, Wiegand mentions that commercial operations are likely to start post certification in 2025, targeting the premium segment. He concludes by discussing their collaboration strategy, combining aerospace precision with automotive scalability, and how their carefully nurtured partnerships support a joint vision of sustainable aviation.Please note: This interview was recorded in April 2023. By the time of the episode release,  Lilium had completed its fourth and final Design Organization Approval by EASA, and had raised additional funding bringing the total raised this year to $292 million. If you LOVED this episode, you'll also love the conversations we had with Adam Goldstein, CEO and Founder at Archer Aviation; Bonny Simi, Joby Aviation's Head of Air Operations and People; and André Stein, Chief Strategy Officer at Eve Air Mobility.Learn more about the innovators who are navigating the industry's challenges to make sustainable aviation a reality, in our new book ‘Sustainability in the Air'. Click here to learn more.For more content on sustainable aviation, visit our website green.simpliflying.com and join the movement. It's about time.Links & More:The extraordinary batteries Lilium will use for its odd eVTOL approach - New AtlasHoneywell and DENSO are developing a motor for Lilium's eVTOL aircraft - Avionics InternationalLilium partners with Ferrovial to build network of 10+ vertiports in Florida - Vertical Mag Why eVTOLS will change the way we live, travel and spend time - SimpliFlying Joby wants to alleviate the pain and frustration of getting from home to your airline seat - SimpliFlying  Lilium completes final audit in major step towards achieving EASA Design Organization Approval - Lilium 

#NHRA #DragRacing #Sonoma J.R. Todd and Justin Ashley breakdown their winning ways following the DENSO Sonoma NHRA Nationals. Kalitta Motorsports DHL Toyota GR Supra Funny Car driver J.R. Todd recaps his team's strong Western Swing, and Phillips-Connect Top Fuel points leader Justin Ashley gives the details of his 5th win in 2023. The NHRA Camping World Drag Racing Series is entering a critical part of the season with just Kansas and Brainerd remaining before the Dodge Power Brokers U.S. Nationals. Interviews on WFO Radio have become part of winning for drivers in the NHRA #DragRacing Series. Host Joe Castello has over 30 years in drag racing, and it shows. As part of the National Hot Rod Association's Track Announcing team, Castello brings insights directly from the world of professional NHRA Camping World and Lucas Oil Series Drag Racing. NHRA results and news are featured in weekly livestreams, NHRA's Alan Reinhart and other NHRA stars including John Force, Ron Capps, Antron Brown, Steve Torrence, Greg Anderson, and Erica Enders all make frequent stops on the WFO Radio Podcast. PATREON: https://www.patreon.com/WFORadio MERCH: https://www.teepublic.com/stores/wfo-radio?ref_id=24678 Apple: https://podcasts.apple.com/us/podcast/wfo-radio-podcast/id449870843?ls=1 Spotify: https://open.spotify.com/show/0oo5mn0E3VmfhRCTHyLQIS Google: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL1dmb1JhZGlv Free Mobile App: https://wforadio.com/m/

Mike Martyn is the Founder and President of SISU Consulting Group, and international consultancy supporting more than 500 organizations in 22 countries. Over the past 20 years, Mike has also contributed hugely to the development of the Shingo Model and Assessment Framework, is Director Emeritus of the Shingo Institute, a 3x Shingo Prize winning author and Lifetime Member of the Shingo Academy.One of Mike's primary roles with SISU is the development of leaders at each level of the organization. In this role, Mike has trained and personally coached thousands of leaders through his live workshops, online development courses, executive coaching, and Coaching Camps.Mike's experience with the concepts of omotenashi, kaizen and ikigai come from his extensive travels to Japan. Beginning with a business trip in 2004, Mike has spent countless hours learning about Japanese culture and benchmarking world-class kaizen cultures. Beginning in 2011, Mike opened up these trips to other business leaders, and in 2013, he organized the first Japan Study Tour for the Shingo Institute.Since 2013, Mike has traveled back and forth to Japan an average of twice a year, focusing his time on his own personal development as well as coaching others. During his visits, Mike has been asked to be a guest lecturer at numerous Japanese companies and share his approach for creating team-based daily kaizen cultures as described in his Shingo Award Winning book, Own the Gap. Over the years, Mike has also had the opportunity to gain “behind the scenes” access to some of Japan's top companies; Honda, Denso, Nissan, Toyota, Ina Foods, and TESSEI, to name a few.The visit to TESSEI in particular would help shape his understanding of what defines great leadership, and serve as a catalyst to bring his 20 years of experience together into a model for leaders. Over a period of two years, Mike met with, learned from, and collaborated with TESSEI's Former Chairman, Teruo Yabe. These sessions, in addition to Mike's work with other Shingo-winning clients led to the publishing of Management for Omotenashi.Link to claim CME credit: https://www.surveymonkey.com/r/3DXCFW3CME credit is available for up to 3 years after the stated release dateContact CEOD@bmhcc.org if you have any questions about claiming credit.