As recently as five years ago, Spain was no one's idea of an economic success story. Southern European countries have long been notorious for lagging behind their neighbors to the north. Portugal, Italy, Greece, and Spain were referred to by the intentionally unflattering nickname 'PIGS' after they had to be bailed out following the 2008 financial crisis. 'Greece, but also Spain and Portugal have to understand that hard work'meaning ironfisted money-saving'comes before the siesta,' the German tabloid Bild wrote in 2010. And yet, since the coronavirus pandemic, Europe's major economies'including the United Kingdom, Germany, and France'have slumped, while Spain's has boomed. Over the past three years, Spain has accounted for one out of every three jobs created across the European Union. Disposable income has risen three times as fast as in France and eight times as fast as in Germany. Unemployment, poverty, and inequality have fallen to their lowest levels in nearly two decades. In 2024, The Economist ranked Spain as the No. 1 economy in the world. That success has helped the country's main center-left party, the Spanish Socialist Workers' Party, remain in power for eight years, even as incumbents across the continent have lost ground to right-wing populists....
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The deal represents a net value of '1.05bn and is the largest multifamily transaction in Spain since the 2007'2009 financial crisis, excluding select transactions, underscoring renewed momentum in the sector. The deal also highlights sustained private equity interest in large-scale real estate platforms across Europe, particularly in urban markets with supply constraints and long-term rental growth potential. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
Large language models have a problem: they are large. Multiverse Computing, a Spanish startup, is addressing this issue with compressed models that aim to close the gap between what frontier models can do and what companies can actually afford to deploy. The secret sauce is CompactifAI, a compression technology inspired by quantum computing that the Basque company has applied to models released by OpenAI. As of today, developers can access a newer version of Multiverse's HyperNova 60B model for free on Hugging Face. The company also plans to open source more compressed models in 2026 to support a wider range of use cases. According to Multiverse, its models are smaller, but nearly as potent and accurate. At 32GB, HyperNova 60B is roughly half the size of the model it derives from ' OpenAI's gpt-oss-120b ' while boasting lower memory usage and lower latency. The updated version, called HyperNova 60B 2602, now also better supports ''tool calling and agentic coding, where inference costs can be high....
