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Hermann-J. Tenhagen considered the fuel discount to be wrong. He wrote that it costs an average driver 13 euros per month over three months and amounts to billions in total. Citing the DIW, he stated that almost half of the discount was pocketed by the corporations and called for it to be stopped. #Tankrabatt #Preise #Wirtschaft (translated)

The closure of the Ardo plant in Großenzersdorf shows how Austrian frozen vegetable production suffers under the influence of European corporations and emphasizes the urgency of promoting national self-sufficiency and strengthening local food. #Selbstversorgung #Tiefkühlgemüse #Nachhaltigkeit (translated)

The AI researcher Katharina Zweig describes the current software as unsafe in an interview and emphasizes that the providers are aware of these risks while discussing the responsibility of corporations and the handling of language models. #KünstlicheIntelligenz #KI #Risiken (translated)

Peter Borbe asked why, in his view, the inviolability of the home is now practically abolished. He wrote that judges would approve searches of homes for minor reasons, such as a social media post with the word "idiot" or a crude joke among football fans. According to Borbe, fans of TSV 1860 Munich had mingled among the celebrations for FC Bayern's championship and displayed a banner with a derogatory term for the club. FC Bayern Munich AG subsequently filed a complaint for defamation; the criminal police are investigating. Borbe asked whether companies could be defamed and described the case as another farce that raises doubts about the state of justice. https://t.co/97rYcDuplQ #Wohnrecht #Justiz #Fußball (translated)

Furkan Yildirim wrote that chip stocks have fallen sharply worldwide. He named as a trigger remarks made by Broadcom CEO Hock Tan, who said at a conference in Singapore on Monday that many AI investors do not understand what they are investing in and have set expectations too high. SK Hynix lost 10.09 percent, Samsung 7.39 percent, and the South Korean stock market 5.46 percent. At the same time, Broadcom expects annual AI chip revenues of $230 billion by 2028 – four times the current value. Yildirim referred to Samsung's recent figures: the company reported a record operating profit of around $80 billion the week before, an increase of 782 percent. Five days later, the stock dropped by 7.39 percent. According to Handelsblatt, Samsung and SK Hynix are now valued on the stock market at just under four times their expected annual profit for 2027 – similar to distressed European car manufacturers. The market apparently no longer trusts the record profits, wrote Yildirim. He highlighted as a key statement from Tan's speech that capital is now scarcer than chips, memory, or power. Intel CEO Lip-Bu Tan identified capital and its costs as the greatest challenge at the same conference. Yildirim also quoted a projection from Apollo economist Torsten Slok: Amazon, Alphabet, Meta, Microsoft, and Oracle could invest $892 billion in data centers this year and even $1.1 trillion by 2027. Public budgets and social security in Germany are expected to invest a total of approximately $170.6 billion by 2025. The companies are increasingly financing their expenditures through bonds and competing with governments for investors, which, according to Yildirim, could raise interest rates for everyone. A model published by the U.S. think tank Brookings estimates that the U.S. will need investments of $10.3 trillion in AI infrastructure by 2032. According to the model, for this to be profitable, the AI sector would need to generate approximately $3.7 trillion in annual revenue by 2032, accounting for 9.2 percent of total U.S. economic output. Yildirim also wrote that Broadcom partially guarantees a loan package of around $42 billion, with which AI developer Anthropic is financing its computing chips for 2027. By the end of October, the first large data center operators will present their figures. The question now is no longer merely whether enough chips can be produced but also who will be able to pay for them. #ChipIndustrie #Investitionen #KünstlicheIntelligenz (translated)

Emanuel Boeminghaus wrote that the current numbers from Audi and VW have overtaken the debate about the cut of 50,000, 100,000, or 150,000 jobs. For both companies, it has now become about their own survival. The decline is happening faster than the corporations can react, and it is costing companies of this size a lot of money, he explained. The unions can no longer demand anything but can only pray, Boeminghaus wrote. #Automobilindustrie #Arbeitsplätze #Wirtschaft (translated)

"We will not hinder or stifle the growth of this incredible industry in any way." After the heads of leading AI companies explicitly called for a slower development in AI, Trump rejected that: "We will not hinder or stifle the growth of this incredible industry in any way," he wrote at the time. #BillGates #KünstlicheIntelligenz #Technologie (translated)

Maxim Röder wrote that he sees no long-term reasons for concern about ServiceNow and has already explained his assessment in detail this year. Corporations do not only buy software, but also certifications, liability, support guarantees, audit trails, and a data model that has received millions of customizations over the years. Therefore, the switching barrier is very high. According to Röder, a clone created with Vibe Coding does not offer these safeguards. In case of errors in productive operation, the liability question arises, and no CIO will risk their neck for that. Additionally, large corporations have different approval processes, security standards, and regulatory requirements than small companies. According to Röder, ServiceNow positions itself as a deeply integrated platform that connects various AI models and data sources and orchestrates processes in companies securely. For investors, the question is not whether AI scripts will replace enterprise software, but how quickly and effectively ServiceNow will monetize new AI licenses. #Software #KI #ServiceNow (translated)

Furkan Yildirim wrote that the US Treasury could auction fewer long-term government bonds as early as November and possibly discontinue the 20-year term altogether. According to Yildirim, Citigroup expects Secretary of the Treasury Scott Bessent to announce a $3 billion reduction in auctions for 20- and 30-year bonds each on November 4. The financing gap is to be closed with government securities maturing within a year at the latest. The department may also ask large banks next week whether pension funds now prefer bonds from Amazon, Meta, and Alphabet to those of the state. The 20-year bond was reintroduced in 2020 after a 34-year hiatus and now offers nearly 5.7 percent interest, more than any other US maturity. At the end of 2020, its yield was just under 1.5 percent. At the same time, Alphabet, Amazon, Meta, Microsoft, Oracle, and SpaceX had already issued dollar bonds amounting to more than $180 billion in 2026; according to Yildirim, Amazon's bonds extend to 2076. According to asset manager TwentyFour, which Yildirim cited, Japanese investors are now receiving enough interest at home to invest their money there. Citi strategist Jason Williams wrote that pension funds may currently be more inclined than usual to invest in long-term corporate bonds of good quality. However, BNP Paribas strategists doubted that smaller auctions would reduce the government's financing costs. Yildirim also pointed out that the yield on 10-year US bonds serves as a basis for mortgages and many other loans, and Bessent had referred to it as an important measure of his success. With an annual deficit of nearly $2 trillion, the debt burden continues to grow as competition for long-term buyers increases. #Finanzen #Anleihen #Wirtschaft (translated)

Artificial intelligence criticized the development that companies made their offerings dependent on the political views of their customers. It stated that this was a setback for democracy, deepened societal divisions, and reminded one of the GDR. https://t.co/l6D3nU0dA4 #Demokratie #Gesellschaft #Politik (translated)

The article highlights how the boom in artificial intelligence is characterized by a complex shadow financial system and rising corporate debt, which is increasingly driven by external financing sources such as bonds and private credit, while tech companies make massive investments to keep up with growing demand. #KünstlicheIntelligenz #Schuldenkrise #TechIndustrie (translated)

Despite Germany's support for Ukraine and the sanctions imposed against Russia, the production of nuclear fuels using Russian technology for Putin's companies is being prepared at the fuel element factory in Lingen, which has led to fierce criticism. #Atomtechnologie #Russland #UkrainischerKrieg (translated)

Political scientist Barbara Prainsack and international researchers warn in a new series of studies about the addictive strategies of social media companies, which use similar mechanisms to the tobacco industry and are closely linked to mental health issues and social media addiction. #SozialeMedien #Suchtforschung #PsychischeGesundheit (translated)

Maurice Höfgen wrote that opponents of the socialization of housing in Berlin warned of an end to private new construction. In his fact check, he referred to this warning as a myth and argued that large real estate corporations do not build, but buy for shareholders instead of for tenants. https://t.co/hFct2dR7Ma #Wohnen #Berlin #Immobilien (translated)

Co-author Barbara Prainsack from the University of Vienna calls for stricter regulations for tech companies based on an international series of studies on the negative effects of intensive social media usage among children and adolescents, but points out the problem of blanket bans and compares the business model of social media with that of the tobacco industry. #SozialeMedien #PsychischeGesundheit #Regulierung (translated)

Black week in the German automotive sector - VW's software subsidiary Cariad plans the next major job cuts. Around 1000 more jobs are to be eliminated. Third major blow just today! Berlin carries a large part of the responsibility because they are doing absolutely nothing! Zero! Nothing. Next cut: Cariad currently employs around 4300 people and, according to information from Handelsblatt, plans to cut around 1000 more jobs. This could affect nearly a quarter of the remaining workforce. The timing and specific implementation of the job cuts are still open. Billion-euro savings plan: Between 2027 and 2031, Cariad's investments should decrease by a total of around 6.1 billion euros, according to an internal document. Additionally, the software subsidiary is expected to contribute another 400 million euros to improving the company's operating results at the beginning of the next decade. After the already announced job cuts, Cariad is now facing another significant reduction in its workforce and a stronger focus on its tasks. Thank you very much for this important information! Source: Handelsblatt https://t.co/zncQnyByjB #Autoindustrie #Stellenabbau #Volkswagen (translated)

What a farce. Just in time for the start of the fuel discount, the oil companies have just raised fuel prices nationwide by up to 30 cents and thus pocket the entire fuel discount tomorrow. Just imagine that. Instead of finally introducing a windfall tax, Shell & Co. are also getting a €2.5 billion bonus at the taxpayers' expense. At the same time, the federal and state governments are deciding today on another increase in the Germany ticket price. It is truly unbelievable how money is thrown out the window for cars while every corner is being saved on public transport and bicycles! #Tankrabatt #Spritpreise #Übergewinnsteuer (translated)