GAIA X

GAIA X

Gaia derives from Greek mythology and represents the mother goddess of all gods, personification of the earth, but in this case she becomes the engine of digital innovation in Europe.

In September 2020, 22 companies and organizations (11 from Germany and 11 from France) have taken an important milestone and finally transferred the joint project into solid structures: The 22 founding members signed the notarial founding documents in order to establish an international non-profit association (French: association internationale sans but lucratif, in short: AISBL) under Belgian law, the GAIA-X,  European Association for Data and Cloud, AISBL.

From reading these words the first thing that emerges, for me, is the absence …

But in November our Ministry also attended the summit and on May 28 Confindustria kicked off the Italian hub by defining it as the moment of starting a shared path, aimed at aggregating and coordinating all the subjects interested in the development of projects that aim to enhance data, and an opportunity to get to know the European project and the methods of implementation in Italy.

What exactly are we talking about?
Gaia X is a federated data infrastructure for Europe.

Talking about:

Energy
Health
Smart living
Industry 4.0
Portability
Interoperability
Interconnectivity
Identity & Trust
Federated catalogue
Sovereing data exchange
Compliance

The main objectives are to develop ecosystems, to bundle national initiatives, and to provide a central point of contact to interested parties on their respective countries.

In fact, it is evident that the amount of data on a digital level is increasing day by day, and it is no coincidence that a whole series of new figures are emerging, among which the demiurge of big data particularly fascinates me.

Not to mention the parallel growth of IoT: Internet of things which involves a further exponential increase in connected devices.

But how important can a European Data Cloud be? How is the data handled now?

It is clear that this is an ongoing situation, and as it happens in a fiscal way for the giants of the web, armed with fragmentary, incomplete, if not non-existent regulations, the companies that manage the server farms act in an almost undisturbed pseudo-monopoly regime.

The need that is underlined is to achieve an autonomy that allows one to no longer have to make use of American or Chinese structures.

For example, I found huge data centers that China has built in a semi-desert area of Mongolia, previously dedicated to the breeding of the famous horses: The Mongolian National Data Center, established by a government resolution issued on June 24, 2009.

Or the Data Foundry in Texas founded in 1994 as one of the top 50 ISPs in the United States.

The aspect that in my opinion is not sufficiently taken into account is that “not everything that glitters is green” …

Servers need to be cooled, and this operation, although it is presented as a continuous search for innovation, consumes large amounts of energy.

Google presents its renewable energy project with a photo gallery, while admitting the following:

the 100% renewable energy milestone means we buy enough renewable energy over the course of a year to cover our entire annual electricity consumption, however it doesn’t mean that all of our facilities are powered by clean energy every hour of every day. To compensate for times and places where the wind does not blow or the sun does not shine, we buy a surplus of renewable energy at other times and in other places. Our ultimate goal is to achieve CO2-neutral energy supply for our operations in all locations, at all times. We are actively exploring strategies to achieve 24/7 CO2-neutral power supply to all of our data centers, closely monitoring our progress towards achieving this goal.

I conclude with the thing that scares me the most: the more we move forward, the more the main operations we carry out, from bank transactions to public certificates, from tax returns, to the signing of contracts, depend on applications and on telematic accesses, without which we would be practically paralyzed.

I don’t know about you, but I’m not calm. Am I wrong?

WE ARE THE GRANDCHILDREN OF KEYNES

WE ARE THE GRANDCHILDREN OF KEYNES

In 1930 John Maynard Keynes, a member economist of the Bloomsbury Group wrote Economic prospects for our grandchildren.

In this essay, which many consider visionary, a future prediction is hypothesized, taking into account technological development.

Some passages are in my opinion very interesting:

We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come — namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.

And how we hear about it …

Let’s take cars for example: how many are produced in your opinion?
Now any model is equipped with technology.
How much have prices risen compared to an average salary?
I speak for the province: now there is a range of models that cost like a flat.

Indeed, to be honest, very often the price is not even mentioned anymore: car manufacturers advertise offers directly on the basis of a monthly fee.
It is no coincidence that long-term rental forms are proliferating on the market: Why Buy, Free2move Lease, Simply with you, are just some examples.

How do you consider this?

In many other cases, however, the products have less and less value.

Let’s continue with Keynes’s essay:
…But this is only a temporary phase of maladjustment. All this means in the long run that mankind is solving its economic problem.

I draw the conclusion that, assuming no important wars and no important increase in population, the economic problem may be solved, or be at least within sight of solution, within a hundred years.

We shall do more things for ourselves than is usual with the rich to-day, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter — to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us!

“Within a century,” Keyes predicted, to reach the 100-year deadline there are still 9, apparently few, even if we are experiencing on our skin how everything can change more quickly than we could imagine.

ROBIN HOOD 2021

ROBIN HOOD 2021

There are many versions of Robin Hood, but for me none will ever unhinge the image of the cartoon fox who stole from the rich to help the poor.

Perhaps that Robin Hood would claim to get his name back from the American company that Forbes has included in the top ten of fintech companies.

What is a fintech?
This acronym derives from the fusion of the words FINancial and TECHnology precisely to represent those companies that provide financial services through digital technologies.

Robin Hood in fact was born as a startup with the aim of bringing young people closer to trading.

But why are we talking about it?
Because the CEO in the role of the Sheriff of Nottingham literally closed the purse strings …

 

Why this sudden change in attitude towards the market?
To paraphrase another famous film: it all happened on a Wednesday.

More precisely, January 27, 2021, that is the day that recorded the most trades ever caused by an investor platform that literally flew the Gamestop stock making it reach $ 147 from around 19 at the beginning of January.

Reddit is the name of this online platform, a sort of mix between a forum and a social network, or rather: a social news aggregator whose name derives from Read it and whose contents are an aggregation of ideas, announcements, news to comment, and calls itself The front page of the Internet (and uses Python technology ed)

A redditer had launched this video in August

What actually happened: for a few weeks the redditers have continued to push the Gamestop stock up, showing us what a short squeeze is.

To understand, we need to start from the figure of a short seller that is a trader who only takes shares on loan.

On this loan he will have to pay interest, so to make a profit the trader will aim downwards: if the price of the shares once sold falls, he will be able to buy them back at a lower price.

This downward orientation is called a “bearish” strategy and is based precisely on the market’s descending phase.

The difference between the initial sale price and the repurchase price, net of interest, is the actual gain.

But how do you get to short squeeze?
When, against forecasts, the value of a stock rises rapidly, as happened for Gamestop, a short seller is forced to close his position quickly to limit losses.

Political voices have also entered the Gamestop affair asking for clarification and an exceptional “commentator”: Elon Musk, which obviously gives rise to various reflections.

What I would like to underline first, however, is how much money now revolves around maneuvers that are completely far from anything concrete, far from real production, far from work as the Boomers used to think.

GOOGLE NEWS SHOWCASE

GOOGLE NEWS SHOWCASE

Googler: googling in French begins to have a different meaning if you enter the field of IPG certified editorial news.

Our cousins from beyond the Alps scored a further small victory against the giants of the web

In fact, an agreement has been signed between the Alliance de la Presse d’Information Générale: APIG and Google France which provides for a remuneration for the license agreements of the publishers of newspapers within a new program: News Showcase

The remuneration provided for in the license agreements between each newspaper publisher and Google is based on criteria such as, for example, the contribution to political and general information, the daily volume of publications or the monthly Internet audience.

This is also a very important step in the controversial issue of Copyright Law in Europe and sees France as the first country to adopt legal legislation.

The concept on the basis of which Google has always maintained that news does not bring advantages to the search engine, but only an indexing for the newspapers, is overturned.

It is the conclusion of a battle carried out by the French press which turned to the Competition and Market Authority and subsequently to the Paris Court of Appeal and opens the way to the other member states as well.

The Alliance de la Presse tweet speaks of the effective recognition of #droitvoisin or neighborhood law which, as the Irpa explains allows publishers to obtain fair compensation from search engines and online platforms, established through an agreement, resulting from the use of news extracts. These also include previews (snippets) widely exploited by the search engine.

Where do you follow the news?

ACHETER CHEZ LES PETITS COMMERÇANTS C’EST FAIRE UN GRAND GESTE

ACHETER CHEZ LES PETITS COMMERÇANTS C’EST FAIRE UN GRAND GESTE

On the long diatribe between us and the “cousins from beyond the Alps” it must be acknowledged that they know how to be more revolutionary, starting from the feeling of nationalism that they nurture in a strong and clear way.

The French have indeed obtained a result in favor of the campaign to help small traders in this difficult period.

Many personalities took sides by signing up and promoting the cause, starting with the first citizen of Paris Anne Hidalgo.

The main hashtag is #NoelSansAmazon after which Amazon France has decided to postpone Black Friday.

The now famous appointment that provides discounts and bargains corresponds to the Friday after Thanksgiving and celebrates the beginning of Christmas shopping, but in France it has been moved to the beginning of December, more precisely on the 4th, that is four days later than when it is the reopening of shops and commercial establishments, currently forcibly closed due to lockdown, is expected

A certainly correct initiative, to restore a minimum of competition against giants whose position is already fiscally favored at a European level in general.

Inevitably, the thought goes to some of the little shops that it was impossible not to fall in love with for those who were lucky enough to be able to visit Paris.

Do you have any particular memories?

Do you have a purchase of the heart linked to the Ville Lumière?

Otherwise I hope you can live this experience very soon because like Venice, even Paris has an inimitable atmosphere.

Allons enfant de la patrie then!

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