There was a time that oil companies ruled the globe, but “black gold” is no longer the world’s most valuable resource — it’s been surpassed by data. The five most valuable companies in the world today — Apple, Amazon, Facebook, Microsoft and Google’s parent company Alphabet — have commodified data and taken over their respective sectors. “Data is clearly the new oil,” says Jonathan Taplin, director emeritus of the USC Annenberg Innovation Lab and the author of Move Fast and Break Things: How Google, Facbook and Amazon Cornered Culture and Undermined Democracy. But with…
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Morgan Stanley’s Shared Autonomous 30 List Has No Major Automakers – Business Insider
A team of analysts from Morgan Stanley on Thursday published an updated list of the bank’s “Shared Autonomous 30” — a group of companies that the team thinks will influence a big transition from a world in which vehicles are sold to a world in which more emphasis is placed in how much vehicles are driven. “The 100-year-old auto industry business model is facing unprecedented technological disruption, starting with the very definition of the market itself — moving from ‘millions of units sold’ annually to ‘trillions of miles traveled’ annually…
Read MoreOil Prices As Little As 4 Years From Collapse Amid Historic Shift In Transport: Report
A new report from a Stanford University lecturer predicts oil prices could collapse permanently as soon as four years from now, as electric cars and ride-hailing fleets bring a rapid end to the age of the personal combustible-engine vehicle. The report points to a significant threat to Canada’s economy, dependent as it is on oil and auto manufacturing, but it also predicts “huge opportunities” for companies that jump into the new “transportation-as-a-service” industry. “We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in…
Read MoreCanada’s Oil Industry Expected To Lose Another $1.1B This Year – Business – CBC News
All in, the board forecasts that Canadian oil companies will lose a cumulative $1.1 billion Cdn before taxes in 2017. That’s better than the $8.6 billion lost in 2016, but still solidly in the red. “Global demand is expected to increase in coming years, suggesting that prices will continue the upward trajectory that began late last summer,” board economist Carlos A. Murillo said. “Despite recent positive developments, however, we do not expect the industry’s bottom line to return to positive territory until the fourth quarter of this year given that it started…
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