Luis Sanz

CEO at @Carto. Founder at @Olapic.

[Patrick Collison @patrickc]

Mario Draghi's new report on EU competitiveness doesn't mince words.

"Across different metrics, a wide gap in GDP has opened up between the EU and the US, driven mainly by a more pronounced slowdown in productivity growth in Europe. Europe’s households have paid the price in foregone living standards. On a per capita basis, real disposable income has grown almost twice as much in the US as in the EU since 2000."

"First – and most importantly – Europe must profoundly refocus its collective efforts on closing the innovation gap with the US and China, especially in advanced technologies. Europe is stuck in a static industrial structure with few new companies rising up to disrupt existing industries or develop new growth engines. In fact, there is no EU company with a market capitalisation over EUR 100 billion that has been set up from scratch in the last fifty years, while all six US companies with a valuation above EUR 1 trillion have been created in this period. This lack of dynamism is self-fulfilling."

"There are not enough academic institutions achieving top levels of excellence and the pipeline from innovation into commercialisation is weak. [...] However, while the EU boasts a strong university system on average, not enough universities and research institutions are at the top. Using volume of publications in top academic science journals as an indicative metric, the EU has only three research institutions ranked among the top 50 globally, whereas the US has 21 and China 15."

"Regulatory barriers to scaling up are particularly onerous in the tech sector, especially for young companies. Regulatory barriers constrain growth in several ways. First, complex and costly procedures across fragmented national systems discourage inventors from filing Intellectual Property Rights (IPRs), hindering young companies from leveraging the Single Market. Second, the EU’s regulatory stance towards tech companies hampers innovation: the EU now has around 100 tech-focused laws and over 270 regulators active in digital networks across all Member States. Many EU laws take a precautionary approach, dictating specific business practices ex ante to avert potential risks ex post. For example, the AI Act imposes additional regulatory requirements on general purpose AI models that exceed a pre-defined threshold of computational power – a threshold which some state-of-the-art models already exceed. Third, digital companies are deterred from doing business across the EU via subsidiaries, as they face heterogeneous requirements, a proliferation of regulatory agencies and “gold plating” of EU legislation by national authorities. Fourth, limitations on data storing and processing create high compliance costs and hinder the creation of large, integrated data sets for training AI models. This fragmentation puts EU companies at a disadvantage relative to the US, which relies on the private sector to build vast data sets, and China, which can leverage its central institutions for data aggregation. This problem is compounded by EU competition enforcement possibly inhibiting intra-industry cooperation. Finally, multiple different national rules in public procurement generate high ongoing costs for cloud providers. The net effect of this burden of regulation is that only larger companies – which are often non-EU based – have the financial capacity and incentive to bear the costs of complying. Young innovative tech companies may choose not to operate in the EU at all."

More: https://t.co/x1d1ApvG2Z.

[Luis Sanz @lsanza]

Here is your yearly reminder of the greatest goal in the history of football

[Luis Sanz @lsanza]

Here is your yearly reminder of the greatest goal in the history of football (25th anniversary edition): https://t.co/LWFrBnZRno

[Luis Sanz @lsanza]

@mikekarnj Is this any different from behavioral economics or a similar idea? (https://t.co/asmbPxvfM5). Thaler was awarded the Nobel prize for his work on it.

[Luis Sanz @lsanza]

@AndreaBarberL @EnverusEnergy @matorrero @jromero789 @rated_power Enhorabuena Andrea!!!!

[Luis Sanz @lsanza]

@mitificador Si te ha gustado The Office, Parks & Recreation es su sucesor natural (la primera temporada es medio floja).

[Luis Sanz @lsanza]

@mitificador 🤷‍♂️

[Jeff Berardelli @WeatherProf]

Global temperatures from 1880-2021. @NASA visual using @ed_hawkins Warming Stripes.

[Luis Sanz @lsanza]

We stand with Ukraine 🇺🇦

[CARTO @CARTO]

Like the rest of the world, we have witnessed the invasion of Ukraine and the devastating consequences that it is having on its people. We deeply admire the bravery that the Ukrainian people have shown in these difficult times and we want to support them as much as possible:

1/4

[Luis Sanz @lsanza]

I didn't know that Strava art was a thing, but this is amazing: https://t.co/N0LbeVqX50

[AWS Partner Network @AWS_Partners]

Manage, visualize & analyze spatial data with Amazon #Redshift & @CARTO: https://t.co/MamcvhcUVk

[Luis Sanz @lsanza]

What a game, what a comeback, what a legend and what an inspiration for all of us!!! Vamos Rafa!!!!! 🐐

[ATP Tour @atptour]

21. Grand. Slams. History. Made.🙌

@RafaelNadal makes history breaking the record for most Grand Slams men’s singles titles. Congratulations, Rafa!🇪🇸

#AusOpen | #AO2022 | #Rafa21

[ESA Webb Telescope @ESA_Webb]

Another milestone complete! ✅

Today's orbital insertion burn today was a success! #Webb has now arrived to its final orbit around the second Sun-Earth Lagrange point ("L2") around 1.5 million kilometres away (animation 👇). Details: https://t.co/DlriNEVjcM 📷: @NASAGoddard

[Pau Sabria @kuap]

Natural selection in a chart

[Luis Sanz @lsanza]

@DanReich @ProcterGamble @tula @khlandis @DrRoshiniRaj Congratulations!!! What a run

[Tim Urban @waitbutwhy]

We're 20% of the way through the 2020s. Can we start the roaring part soon?

[Ana Visneski (she/her) @acvisneski]

Accurate.

[Luis Sanz @lsanza]

We can all use some silver lining

[Bill Gates @BillGates]

If there’s good news here, it’s that omicron moves so quickly that once it becomes dominant in a country, the wave there should last less than 3 months. Those few months could be bad, but I still believe if we take the right steps, the pandemic can be over in 2022.

[Luis Sanz @lsanza]

Good morning New York, I hope you missed me as much as I did.

[Luis Sanz @lsanza]

Ps. We are hiring!

https://t.co/b3X3anMYAU

[Luis Sanz @lsanza]

Today we are announcing our $61M Series C.

Very proud of the entire team for getting us to this point 💪🏻, and very grateful to our customers, partners and investors for their support along the way! 🙏🏻

https://t.co/p3HXw8r5OP