Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for April 1st, 2019

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And you thought Apple was the world’s most profitable company?


You’d be off by a factor by 2, at least for 2018.

According to financial data revealed in a note from Moody’s the Saudi oil company Aramco made $111 billion last year.

By comparison, Apple, currently the world’s most profitable public company, made $59.4 billion, which is about half as much as Aramco.

Aramco’s total revenues last year were $355.9.

And now for some golf news. Kevin Kisner won the WGC Dell Technologies Match Play championship here in Austin, Texas this weekend, beating out Matt Kuchar on a very windy and chilly Sunday final match, 3 and 2.

It was sweet vindication after Kisner took a drubbing by Bubba Watson in last year’s final match.

And ICYMI, Sergio Garcia brought more drama to the Austin Country Club golf course in his new adopted hometown (his wife went to UT). Here’s the deets. 

This Saturday, be prepared for a new marquis event, the inaugural Augusta National Women’s Amateur played at — can you guess — Augusta National, where The Masters will be played a week later. Golf season is in full swing (See what I did there?)

Airbnb is taking over some rooms in India, having invested between $150 and $200 million in Indian hotel startup OYO, ahead of its IPO. 

TechCrunch is reporting that the deal had been rumored for a couple of months and was additional to OYO’s prior $1 billion Series E round. The background:

OYO and Airbnb had previously been rivals of sorts, but OYO has pivoted towards hospitality services — including logistics and management — rather than simply aggregating budget hotels. Airbnb, with its HotelTonight acquisition, has shown it wants to be a booking destination across different types of verticals.

Geographically, the deal makes even more sense. Airbnb has been keen to take a larger bite out of India for some time. It has begun to see progress, with co-founder and CSO Nathan Blecharczyk recently revealing that the country is one of its five fastest growing markets worldwide. In that light, the companies are exploring opportunities to collaborate which could see OYO properties — in this case more likely villas and Airbnb-like properties — listed on Airbnb’s service.

AI continues to be put hard to work in China.

According to a report from Reuters, demand for online censoring services provided by Shanghai-listed People.cn has soared since last year after China tightened its already strict online censorship rules.

In recent years, China has shut tens of thousands of websites and social media accounts that contained what it said was illegal content as well as “vulgar” and pornographic material.

Tibet, Taiwan, the 1989 crackdown on Tiananmen Square, and even local government scandals, are also sensitive topics prone to censorship.

Considering this May/June will be the 30th anniversary of the Tiananmen Square crackdown, you can rest assured the AI and facial recognition algos will be working overtime.

Written by turbotodd

April 1, 2019 at 10:45 am

Posted in 2019, petroleum

Tagged with , ,

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