Domingo Brief — Rio Web Summit, Colorado continuity, & the DR’s flying south
Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.
🇧🇷 Web Summit Rio 2023 convened more than 21K people in Brazil’s former capital, including over 500 investors and 950 startups. With focuses on AI and innovation, this summit is one of the best places to see where the future of tech is headed in Latin America and abroad.
Latinometrics: Web Summit, traditionally held in Lisbon, has been called the largest technology and innovation event in the world. This year’s summit in Rio de Janeiro is the first time the event has been held outside of Europe. Bem vindo ao Brasil!
🇨🇱 Chile’s economic development agency CORFO has announced plans by Chinese multinational firm BYD to build a $290M lithium processing factory in the northern Antofagasta region of Chile. As a qualified lithium producer in the country, the firm gets preferential prices for the mineral.
Latinometrics: BYD is the world’s largest manufacturer of electric vehicles, while Chile is the world’s 2nd-largest lithium producer. This factory, which will generate 500 jobs and begin producing 50K tons of lithium phosphate per year in 2025, is just the latest step in a fruitful partnership that has already produced Chile’s electric bus system.
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