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  • Scott Galloway Energy Industry vs. IT Industry

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    Ankit Shah
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    4 views9 pages

    Scott Galloway Energy Industry vs. IT Industry

    Uploaded by

    Ankit Shah

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
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    5113124, 4:26 PM Ema -Ankit Shah - Outlook Big Energy Scott Galloway Fri 10/05/2024 10.07 PM Toshaha@lvecom May 10,2024 Subscribe Hoe _ NO MERCY/NO MALICE © Scott Galloway G@ Einstein defined the 20th century with the revelation that mass is a form of energy. Today's theoretical physics posits something more fundamental: Mass and energy are all information. The 21st century will be defined by the recognition that the most powerful form of energy is the manipulation of information: compute. The companies that control compute will be the most dominant businesses in history. ntps:outook offce.comImailinboxia/AGQKADAWATMOMDAAMSOSMZJILTekNZAIMDACLTAWCgAGAKn #286142 VESHJNI2FPUCTKZBSENKY%.... 1/9 5113124, 4:26 PM Ema -Ankit Shah - Outlook Energy has been the tail that wags every dog from the beginning of economies. Yet the narrative in the equity markets now is that Big Oil has passed the reins to Big Tech. It's a practical observation: The majority of the most valuable firms in 1980 and 2024 were/are in energy and tech, respectively. However, the construction of acres of data centers and the energy investments needed to power them reflect a deeper convergence. Al is accelerating Big Tech's transformation from an industry that sells computers to an industry that sells compute. And in a knowledge economy, compute is energy. TOP TEN COMPANIES BY MARKET CAPITALIZATION 1980 (INFLATION ADZUSTED) 2024 | $128.18 | HEP Mrosort $saT 2 $123.78 2 « Apple $2.8T 3 si2.e8 3 A www s22r Alphabet 4 ose 4 G 5 Shel $7508 5 A amorn $207 6 Mobil Mooi $738 6 iy Saudi Arameo sist Meta Piatforms 7 [Gm] ceneraimotors $70.08 7 O® Were guar 8 o Texaco $69.68 BB wersnietotnaway $09T 4

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