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☆ 132 hamsters reportedly escaped in the hold of a plane, grounding it for days
▼ + stars: | 2024-11-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

AdvertisementAn Airbus A321neo operated by TAP Portugal was grounded to locate 132 escaped hamsters on board. Escaped hamsters can pose safety risks as they can chew through electrical cables and wires. An Airbus A321neo was grounded for several days to track down dozens of hamsters on board, Portuguese newspaper Correio da Manhã reported. The report said 132 hamsters escaped from their cages in the cargo hold of the plane, which was operated by Portuguese flag carrier TAP Air Portugal — leaving ground maintenance teams trying to track them down. In a similar incident in 2017, a cargo plane was grounded due to escaped hamsters, Newsweek reported.

Persons: Correio Organizations: Airbus, TAP Portugal, Portuguese, TAP Air Portugal —, TJR, TAP Air Portugal, Ponta Delgada, Business, Newsweek Locations: Lisbon, Ponta, Azores, Portuguese

☆ Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen
▼ + stars: | 2024-11-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Last week, Klarna made a confidential filing to go public in the U.S., ending months of speculation over where the Swedish digital payments firm would list. Still, the development drew buzz from fintech circles with market watchers asking if the move marks the start of a resurgence in big fintech IPOs. For now, that doesn't appear to be the case — however, founders say they'll be watching the IPO market, eyeing pricing and eventually stock performance. Hiroki Takeuchi, CEO of online payments startup GoCardless, said last week that it's not yet time for his company to fire the starting gun on an IPO. However, Zopa's CEO added that he's seeing signs pointing toward a more favorable IPO market in the next couple of years, with the U.S. likely opening up in 2025.

Persons: Hiroki Takeuchi, Zed Jameson, Klarna, they'll, Takeuchi, GoCardless, Lucy Liu, Airwallex, it's, Liu, Jack Zhang, We're, fintech IPOs, Navina Rajan, It's, Rajan, Jaidev Janardana, Janardana, that's Organizations: GoCardless, Bloomberg, Getty, Portugal —, CNBC, Summit, British, U.S Locations: LISBON, Portugal, U.S, Lisbon, Europe

☆ European tech CEOs urge 'Europe-first' mentality to counter U.S. dominance after Trump victory
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of "AI sovereignty."

Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania

☆ It's 'liquidity, stupid': VCs say tech investing is tough amid IPO lull and 'nuts' AI hype
▼ + stars: | 2024-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal. LISBON, Portugal — It's a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial intelligence startups dominate attention. And in the VC world, it's really all about liquidity stupid," Edith Yeung, general partner at Race Capital, an early-stage VC firm based in Silicon Valley, said in a CNBC-moderated panel earlier this week. When a VC makes an equity investment and the value of their stake increases, it's only a gain on paper. Yeung said the lack of IPOs over the last couple of years had created a "really tough" environment for venture capital.

Persons: Edith Yeung, Larry Aschebrook, G, Portugal —, Groq —, Yeung, there's, Big Techs Organizations: Race Capital, CNBC, Summit, Microsoft Locations: Lisbon, Portugal, LISBON, U.S, Silicon Valley

☆ SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch
▼ + stars: | 2024-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LISBON, Portugal — British online lender Zopa is on track to double profits and increase annual revenue by more than a third this year amid bumper demand for its banking services, the company's CEO told CNBC. Zopa posted revenues of £222 million ($281.7 million) in 2023 and is expecting to cross the £300 million revenue milestone this year — that would mark a 35% annual jump. The firm also says it is on track to increase pre-tax profits twofold in 2024, after hitting £15.8 million last year. In 2024, we've hit or exceeded the plans across all metrics," CEO Jaidev Janardana told CNBC in an interview Wednesday. He said the strong performance is coming off the back of gradually improving sentiment in the U.K. economy, where Zopa operates exclusively.

Persons: Zopa, we've, Jaidev Janardana Organizations: CNBC, Zopa Locations: LISBON, Portugal, British, U.K

☆ Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S.
▼ + stars: | 2024-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Sovereign AI is "more driven by the industry naming it that, than it is from the policymakers' side," Gow said. On Wednesday, Denmark laid out a landmark white paper outlining how companies can use AI in compliance with the incoming EU AI Act — the world's first major AI law. How regulation fueled a mindset shiftThat's not to say regulations haven't proven an important factor in getting tech giants to think more about building localized AI infrastructure within Europe. The concept of AI sovereignty is also getting buy-in from local European tech firms. Orange hasn't yet selected a partner for these sovereign AI model ambitions.

Persons: Dado Ruvic, Chris Gow, Anthropic's Claude, Filippo Sanesi, Sanesi, hasn't, —, Cisco's Gow, Rather, " Gow, Gow, It's, David Hogan, Hogan, OVHCloud's Sanesi, Qwant, Bruno Zerbib, Zerbib Organizations: Reuters, Portugal — Tech, CNBC, Data, of Justice, EU, General Data Protection, U.S, Sovereign, Nvidia, Orange Locations: Reuters LISBON, Portugal, Brussels, U.S, Europe, OVHCloud, Italy, Italia, Denmark, Berlin, Paris, French

☆ European Google rivals partner on search engine infrastructure to counter Big Tech
▼ + stars: | 2024-11-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The two internet search firms agreed a joint venture, called the European Search Perspective or EUSP, with ownership split 50-50 between both firms. Why build a European search index? Currently, alternative search engines like Ecosia, Qwant and DuckDuckGo don't develop their own back-end infrastructure. The new venture will see them build their own search index from scratch, however, amassing results from a mix of different search engines. Both companies will use the search index themselves but the tech will also be made available to other independent search engines and tech firms.

Persons: Nikolas Kokovlis, Portugal —, it's, Christian Kroll, DuckDuckGo, Bing, Olivier Abecassis, Abecassis, Kroll, Donald Trump, Ecosia's Kroll, ChatGPT Organizations: Nurphoto, Getty, Google, . Big Tech, Microsoft, CNBC, European Union, The, Markets, Big Tech, U.S Locations: LISBON, Portugal, France, Berlin, Paris, Qwant, United States, Russia, Europe, Ukraine

☆ I visited Portugal for the first time. I had a great vacation, but these 3 things would've made my trip even better.
▼ + stars: | 2024-10-04 | by ( Rebecca Strassberg | ) www.businessinsider.com time to read: +1 min

I enjoyed visiting Portugal for the first time, but I wish I had done a few things differently. I also wish I'd planned more day trips and prioritized the things I really wanted to see. Go to newsletter preferences Thanks for signing up! AdvertisementThis year, it felt like everyone I knew was visiting Portugal — which makes sense, considering the country saw a record-breaking number of tourists between January and June. If I were to do it all over again, here are a few things I'd do differently.

Persons: I'd, —, hadn't Organizations: Service, Portugal — Locations: Portugal

☆ Markets fear the French far right could trigger a financial crisis
▼ + stars: | 2024-06-14 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

President Emmanuel Macron called the snap elections Sunday after his party lost to the far right in a vote for EU lawmakers, a shock move that rattled markets for French stocks and government bonds. There has been widespread speculation since then that the National Rally, the party of far-right doyenne Marine Le Pen, is poised to become the most powerful force in parliament, unseating Macron’s centrist bloc. The risk of something similar happening in France is real, according to the country’s finance minister, Bruno Le Maire. “This comes down to the (parties’) plans that are on the table, whether we can, yes or no, finance this debt,” Le Maire said. The National Rally has promised to raise public spending and slash VAT on electricity and fuel.

Persons: Emmanuel Macron, Pen, ”, Truss, Bruno Le Maire, Le Maire, “, ” Le Maire, ’ jitters, Ludovic Marin, La Tribune Dimanche, Frank Gill, Moody’s, ” Joseph Ataman, Mark Thompson Organizations: London CNN —, EU, National, ‘, AAA, Getty Images Stock, haven’t, CNN, BFMTV, La Tribune, National Rally, European Central Bank, ECB Locations: France, ‘ France, French, Portugal, Europe, Italy, AFP, Paris, London

☆ We went on a trip to Europe 3 years ago and never left. Our kid's life is way better here than it was in the US.
▼ + stars: | 2024-06-07 | by ( Lana Katsaros | ) www.businessinsider.com time to read: +1 min

My family and I went on an open-ended trip to Europe, and we ended up buying a house here. We love living in Portugal — life is relaxed and our son gets lots of time outdoors. Although we will always have ties to the United States, we love living in Europe. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For months, I was in a fog and, in an effort to lift our spirits, I asked my husband how he felt about an open-ended trip to Europe.

Persons: — Organizations: Service, Business Locations: Europe, Portugal, United States, Italy, United Kingdom

☆ Golden visas attracted wealthy Americans to Southern Europe. Then their housing crisis followed.
▼ + stars: | 2024-05-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

This is in part the doing of so-called "golden visas," hugely popular residency visas for foreign investors. And they purchased more Portuguese golden visas than any other nationality in 2022. Related storiesBut as Portugal has experienced a worsening housing affordability crisis, Portuguese public opinion on golden visas has soured. Last year, the country changed the terms of its golden visa program to exclude real estate investment. Other southern European countries are following suit, similarly pointing to skyrocketing real estate prices.

Persons: —, They're, they're, João Pereira dos Santos, Pereira dos Santos, Nuno Fazenda, Holger Schmieding, Schmieding, David Zorrakino Organizations: Service, Business, The New York Times, School of Economics, Finance, Queen Mary University of London, State, Tourism, Trade, Services, Bloomberg, Berenberg Bank, Getty, European Central Bank, Paris Locations: Greece, Portugal, Tourism, Lisbon, Athens, Spain, Southern Europe, Portuguese, London, Ramblas, Barcelona, Catalonia, Europe, Germany, Netherlands, France

☆ I moved from California to Portugal as a single mom of 2. Here people actually care about kids.
▼ + stars: | 2024-04-27 | by ( Hannah Nwoko | ) www.businessinsider.com time to read: +5 min

I wanted something different for my daughtersIn the US, individualism really makes it difficult to parent, especially as a single parent. I also wanted safety for all of usAs a gay woman, I wanted to live somewhere where I could have rights, community, and safety. In Portugal, children of all ages are found in restaurants at all hours with their families, and parks have kiosks for parents to enjoy drinks while their children play. There isn't an expectation for single moms to show up as if they aren't single moms. I am grateful that Portugal models other ways of being a parent: prioritizing ourselves, our children, and our time.

Persons: Aisha Canfield, I've Organizations: Service, Business, San Francisco Bay Area Locations: Portugal, San Francisco Bay

☆ Sailors have created a shared heavy metal playlist on Spotify to blast at orcas threatening their boats
▼ + stars: | 2023-11-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Sailors have been sharing a heavy metal Spotify playlist they made to deter orca attacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome sailors are beginning to take their ongoing battle against marauding orcas up a notch: blasting heavy metal music to try to scare away the marine mammals. Rutsch heard through the grapevine that blaring heavy metal music from underwater speakers might deter the apex predators — and the idea even came with a shared Spotify playlist, called 'Metal for Orcas,' specially curated by other sailors, The New York Times reported. Even if orcas did initially hate heavy metal, with their uncanny ability to communicate and adapt, they may have already gotten used to the rockin' tunes.

Persons: —, Florian Rutsch, Rutsch, White, orcas Organizations: Service, New York Times, Times Locations: Portugal, German, Spain, Gibraltar

☆ What it's like in Europe's popular crypto haven Portugal as the U.S. cracks down
▼ + stars: | 2023-09-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.

Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, —, Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve

☆ U.S. women’s national team coach Vlatko Andonovski resigns after early World Cup exit, AP source says
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: +1 min

U.S. women's national team coach Vlatko Andonovski has resigned, a person familiar with the decision told The Associated Press on Wednesday. The move comes less than two weeks after the Americans were knocked out of the Women's World Cup earlier than ever before. The four-time tournament champions struggled throughout the World Cup. The United States had never finished worse that third at the World Cup. The 46-year-old Andonovski was named coach of the United States in October 2019, taking over for Jill Ellis, who led the United States to back-to-back World Cup titles.

Persons: Vlatko Andonovski, Crystal Dunn, Portugal —, Jill Ellis Organizations: FIFA, New Zealand, Melbourne, women's, Associated Press, Netherlands, Sweden, U.S, United Locations: New, Sweden, Melbourne, Naarm, Australia, Vietnam, Portugal, United States

☆ A Ryanair flight was forced to divert mid-air after a drunk family argument erupted into violence, report says
▼ + stars: | 2023-08-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

A Ryanair flight to the Canary Islands was forced to divert mid-air after a brawl broke out. But the flight had to land in Portugal as two family members were "beating each other," police said. A Ryanair flight was forced to divert mid-air on Friday after a family fallout erupted into violence, officials said. The violent argument forced the pilot to divert the plane mid-air and make an emergency landing in Faro, Portugal — which is around 900 miles away, police said. It is unclear what their argument was about, though police confirmed they were both members of the same family.

Organizations: Ryanair, Canarian, Scottish Sun, Gran Canaria Locations: Portugal, Edinburgh, Scotland, Canary, Faro, Gran

☆ The 'Bitcoin Family' has a special algorithm that tracks moon cycles — and it's helped them gain 50% since the bear market bottom
▼ + stars: | 2023-07-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.

Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, —, I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT

☆ This 52-year-old early retiree left the U.S. for Portugal—a look at his typical weekend: 'I spend less than $40'
▼ + stars: | 2023-02-11 | by ( Alex Trias | ) www.cnbc.com time to read: +4 min

On weekends when I'm out and about, I spend less than $40 a day:Start the day with coffee and breakfastPrice per person: $6.31 Lisbon is paradise for breakfast lovers. Take a train to the seashore and rent bikesPrice per person: $11.34 A one-hour train ride from Lisbon's historic Cais do Sodré station to the fishing village of Cascais costs $4.92 (round trip). We like to stop by on weekends, and it is conveniently located on the train ride back from Cascais. Our daughter loves bargain hunting at the Feira da Ladra, a popular flea market located within the Alfama district of Lisbon. Photo: Alex TriasI also enjoy the weekend flea market in Principé Real, where you'll find plenty of delicious artisanal honey, cheese and cured sausages.

☆ A woman who moved to Portugal halved her monthly expenses but laid out some expected costs and stresses of moving abroad
▼ + stars: | 2022-12-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

She and her husband moved with their son to Portugal in October to lower their cost of living. Frances Bo Cordova, 32, her husband, and her four-year-old son left the Bay Area for Porto, Portugal in October. "The D7 process is definitely not for the faint of heart," she said. Porto, Portugal, where Cordova and her family moved. But because the visa process takes months, she had to pay the $1,000/month rent on the apartment for several months before even stepping foot in the country.

☆ Morocco faces France in politically charged World Cup semifinal
▼ + stars: | 2022-12-14 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

For the 26-year-old English teacher in Morocco’s capital, and many of her countrymen both inside the North African nation and throughout the diaspora, it’s about to get more complicated. Next up is France: The defending champion and Morocco’s former colonial ruler for much of the first half of the 20th century. Wednesday’s match has political and emotional resonance for both nations. It dredges up everything that’s complex about the relationship in which France still wields considerable economic, political and cultural influence. “Especially since France is next to beat.”“We can show the rest of the world that Morocco is no longer France’s backyard.”

David Beckham, England — World Cup (1998, 2002 and 2006)Nate: The uncontainable aura of a man who transcended the sport and captured the world’s eyes. Eusebio, Portugal — (World Cup 1966)Nate: Rising high by the crowd that carries him; adored by Benfica, adored by Portugal, adored by the whole world. Zlatan Ibrahimović , Sweden (World Cup, 2002 and 2006)Nate: An ever present mythos … seemingly reversing time whilst being a journeyman through it. Lionel Messi, Argentina — (World Cup, 2006, 2010, 2014 and 2018)Nate: Ladies and gentlemen … It’s Lionel Messi. Socrates, Brazil — (World Cup, 1982 and 1986)Nate: Philosopher by name … glory that belongs in the Colosseum.

☆ 'We will see spectacular failures': CEOs and investors on what the end of cheap money means for tech
▼ + stars: | 2022-11-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Horacio Villalobos | Getty ImagesLISBON, Portugal — Once high-flying tech unicorns are now having their wings clipped as the era of easy money comes to an end. Rising cost of capitalPrivate tech company valuations are under immense pressure amid rising interest rates, high inflation and the prospect of a global economic downturn. "What we've seen in the last few years was a cost of money that was 0," Pousaz said. Pousaz said investors are yet to find a "floor" for determining how much the cost of capital will rise. 'An entire industry got ahead of its skis'A common topic of conversation at Web Summit was the relentless wave of layoffs hitting major tech companies.

☆ 'Vaccination-style' intervention needed to solve energy crisis, UK energy boss says
▼ + stars: | 2022-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Gas prices have soared to record levels over the last year as higher global demand has been intensified in Europe. LISBON, Portugal — The U.K. should embark on a "vaccination-style" effort to address surging energy prices and prevent future energy crises from happening, according to the boss of gas and electricity supplier Ovo Energy. That's even after a cap on consumer energy bills was imposed by the government in early September. Between July 2021 and May 2022, 29 U.K. energy suppliers — including Bulb, once the seventh-biggest — have collapsed. After a deal to acquire the retail arm of Scottish firm SSE Energy , Ovo became the second-largest supplier of energy to households in the U.K.

☆ Ukraine looks to technology to help rebuild its economy amid Russia’s onslaught
▼ + stars: | 2022-11-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

An attendee passes by the Ukraine stand at the Web Summit 2022 tech conference in Lisbon, Portugal. Ukraine had a notable presence at Web Summit, where it sought support from the global tech community to bolster its fight against Russia. In 2021, Ukraine had a small booth at Web Summit, Krasovsky said. Ukraine Vice Prime Minister Mykhailo Fedorov (right) and First Lady Olena Zelenska (center) attend the Ukraine booth at Web Summit 2022. SID Venture Partners, a venture fund set up by Sigma and fellow Ukrainian tech firms Ideasoft and Datrics, has so far invested in 10 startups with Ukrainian founders, Krasovsky said.

☆ Web inventor Tim Berners-Lee wants us to 'ignore' Web3: 'Web3 is not the web at all'
▼ + stars: | 2022-11-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

It involves a few technologies, including blockchain, cryptocurrencies and nonfungible tokens. Personal data stores have to be fast, cheap and private." "Ignore the Web3 stuff, random Web3 that was built on blockchain," he added. Berners-Lee said people too often conflate Web3 with "Web 3.0," his own proposal for reshaping the internet. "The result was a big data race where the winner was the one corporation that controlled the most data and the losers were everybody else," he said.

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