Is Google really not building AI with Oil & Gas Companies?!
Jun 26, 2020
9 Comments
I'm curious to hear from Googlers if this is really true. Are you really not building AI solutions for Oil & Gas companies? https://www.cnbc.com/2020/05/20/google-ai-greenpeace-oil-gas.html
#gcp #google
Google plans to stop making A.I. tools for oil and gas firms
comments
You are absolutely correct that many of the companies are still using legacy systems but in the past few years they are trying to change things.
The industry is very cyclical and this happens every 4-5 years. The last cycle was at the end of 2014 early 2015 and dragged a long time.
But the overnight drop this round was brutal not just for oil/gas but for overall economy as whole.
Oil/gas will be staying but not as strong as before as more sustainable sources are energy and electric cars take over.
But oil/gas industry is on the down-cline. But besides the fuel in our cars there many other byproducts of petroleum but majority is fuel used by cars. So it won’t be going away any time soon but it will slow down drastically.
Here is the article on Google opening an office in Houston:
https://www.bizjournals.com/houston/news/2020/06/17/google-to-open-houston-sales-office.html