ClaroVTR announces $320 million investment for extensive data center expansion

VujaDE on June 17, 2023

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ClaroVTR, a telecommunications company, has invested a multi-million-dollar amount in expanding its data center in Colina, Chile. This investment aims to meet the increasing demand for data storage and analysis and to solidify Chile’s position as a regional technological hub.

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Data centers play a crucial role in securely storing and managing massive amounts of data, supporting the growth of the digital economy. ClaroVTR’s expansion project will add 3,000m2 of space to its existing 2,000m2 data center, with an investment exceeding $320 million. The goal is to provide corporations and companies in Chile and the region with better access to competitive digital services.

The expansion aims to meet the demand for robust and secure data storage and processing. “This data center is world class. It has the highest safety and sustainability standards and certifications in terms of energy efficiency, waste management and environmentally-friendly construction, in line with our vision of sustainable development,” said Alfredo Parot, general manager of ClaroVTR.

ClaroVTR’s investment contributes to Chile’s goal of becoming a regional digital hub and consolidating its position in the technology industry. The expansion includes three specially designed and controlled clean rooms, B5, B6 and B7, which meet world-class standards and certifications related to efficiency and environmental impact reduction.

With 40% occupancy even before its inauguration, the new infrastructure showcases the trust and confidence that corporations, public institutions, and businesses have in ClaroVTR’s quality and security standards.

Source: América Economía.

If you want to know more about investment opportunities in technological infrastructure in Chile, check out the following article.

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Breaking Barriers: How 3D Printing is Revolutionizing Manufacturing

VujaDE on June 17, 2023

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Breaking Barriers: How 3D Printing is Revolutionizing Manufacturing

Innovation has always played a significant role in the advancement of human civilization. From the discovery of fire to the invention of the wheel, humans have constantly strived to improve their ways of living. In recent times, one of the most groundbreaking innovations to take center stage is 3D printing. This technology has the potential to completely revolutionize the manufacturing industry as we know it.

3D printing, also known as additive manufacturing, is a process that involves creating three-dimensional objects by laying down successive layers of materials. It is a departure from traditional manufacturing methods that rely on subtractive processes such as cutting, machining, and molding. Instead, 3D printers work by adding material layer by layer, based on a digital 3D model.

One of the most significant benefits of 3D printing is its ability to break down barriers to entry in manufacturing. Traditionally, starting a manufacturing business required significant investments in machinery, tooling, and infrastructure. This made it challenging for small entrepreneurs and innovators to enter the market. However, with 3D printing, all you need is a quality 3D printer and a digital design to start producing products. This level playing field allows individuals and small businesses to have a shot at the manufacturing game, leading to increased competition and innovation.

Additionally, 3D printing offers unparalleled design freedom. Traditional manufacturing techniques often have limitations based on the tooling and machinery used. However, 3D printing allows for the creation of complex geometries and intricate designs that were previously thought to be impossible. This increased design flexibility opens up a world of possibilities for manufacturers to create products that are not only functional but also visually stunning.

Furthermore, 3D printing has the potential to drastically reduce waste in manufacturing. In traditional manufacturing methods, a considerable amount of material is often discarded as scrap during the production process. With 3D printing, only the necessary amount of material is used, minimizing waste and optimizing resource utilization. This reduction in material waste is not only environmentally friendly but also economically beneficial, as it reduces production costs.

The potential applications of 3D printing span across various industries. In the medical field, 3D printing has already made significant advancements in the production of prosthetics, dental implants, and customized medical devices. The aerospace industry is also exploring the use of 3D printing to create lightweight and complex parts for aircraft, leading to improved fuel efficiency and cost savings. Even the fashion industry is jumping on the 3D printing bandwagon, with designers using this technology to create unique and customizable garments.

Despite its many benefits, it is important to note that 3D printing is still a developing technology. There are still challenges to overcome to fully integrate it into mainstream manufacturing practices. The speed of printing, material limitations, and cost of 3D printers are among the areas that require further improvement. Nonetheless, the potential of 3D printing to disrupt traditional manufacturing processes is undeniable.

In conclusion, 3D printing has the potential to break barriers and revolutionize the manufacturing industry. This innovative technology allows for greater accessibility, design freedom, and reduced waste in manufacturing processes. As the technology continues to evolve, we can expect to see new exciting advancements and applications in various industries. With 3D printing at the forefront, the future of manufacturing looks promising, transformative, and limitless.
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Nikola, Electric Truck Manufacturer, Plans 23% Reduction in Workforce

VujaDE on June 17, 2023

Nikola Corp. is implementing layoffs and narrowing its focus on electric truck production in North America to conserve cash. The company will lay off 270 employees, which accounts for around 23% of its workforce. This includes 150 workers supporting European programs and 120 employees at sites in Arizona. The cuts are expected to reduce annual personnel-related cash spend by over $50 million, bringing the annual cash spend under $400 million by 2024. Despite the layoffs, Nikola’s shares experienced a 15% decrease, but saw a 1.7% increase in after-market trading. CEO Michael Lohscheller stated that the company is undertaking a more concentrated business plan focused on zero-emission truck production and its HYLA hydrogen business. Nikola has faced challenges following the indictment of its founder and former CEO, Trevor Milton, for federal securities fraud. The company has until November 20 to comply with Nasdaq’s minimum price rule and avoid delisting. Additionally, Nikola has struggled to secure enough votes to issue more shares. Delays or cancellations in production may occur if the proposal does not receive the necessary approval.

Meta claims that it is acceptable for 10-year-olds to use its VR headset, possibly

VujaDE on June 17, 2023

Meta is set to allow children as young as 10 to use its VR headsets, the Meta Quest 2 and 3, with parental consent. The tech giant claims that there are numerous engaging and educational apps and games for kids, although the debate on the impact of VR on children’s health continues. The new parent-managed Meta accounts will require parental approval, allowing parents to control which apps their children can use and set time limits. Users can find more information in the “family center” section of their accounts. Meta states that it will use data collected from 10- to 12-year-olds to provide an age-appropriate experience, without serving ads to this age group. Parents have the option to decide whether their child’s data can be used to improve the experience and can delete their child’s account and associated data. However, it remains to be seen if Meta follows through on this promise, given past incidents of other companies saving children’s data. It is up to each parent to decide if VR is suitable for their child, as there are limited independent studies on kids using modern headsets. Meta acknowledges the potential hazards of VR, such as the weight of the helmets on small children, eye strain, and nausea, but claims no evidence of harm. The potential blurring of a child’s “reality distinctions” is mentioned as a concern. Therefore, if parents choose to allow their children to use VR, they should communicate with their child and monitor the duration and intensity of their engagement with the technology, considering the risks highlighted by Meta.