Autonomous Ride-Hailing Will Displace Industry Incumbents

RogerRossmeisl

ARK believes that this could be “one of the most meaningful economic productivity delivering innovations of all time” and the GDP contribution from autonomous ride-hail systems could total around $26 trillion by 2030.

How Technology Disruption Will Affect the Automotive Industry

RogerRossmeisl

This is Blog Post #907) Tony Seba is the author of “Clean Disruption of Energy and Transportation – How Silicon Valley Will Make Oil, Nuclear, Natural Gas, Coal, Electric Utilities and Conventional Cars Obsolete by 2030” and “Rethinking Transportation 2020-2030” He.

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Kia Rolls Out Connected Car Subscriptions Via Zuora Platform

PYMNTS

The markets for automotive software and electrical/electronic (E/E) components is anticipated to reach $465 billion between 2020 and 2030, up from $238 billion, according to the McKinsey report Mapping the Automotive Software-and-Electronics Landscape Through 2030.

The Rise Of eCommerce And Digital Banking Innovations

PYMNTS

3.6T: Projected size of the "embedded finance" market by 2030. Salesforce predicts that a digital surge could strain holiday shipping. In connected vehicles, the FinTech Car IQ has teamed with Discover to accelerate automotive banking.

Planning for New York City’s Carbon Tax: Local Law 97 Explained

Withum

The Act includes Local Law 97, which sets carbon (CO2e) reduction targets of 40% by 2030, and 80% by 2050, for NYC real estate. YE 2024 YE 2030 Actual kg of CO2 per ft² 10.00 kg would owe an annual carbon tax of $412,720 in 2024, going to $1,457,116 beginning in 2030.

Pizza Parties In Lieu of Compensation: A Comprehensive History

Going Concern

17 May 2030. Have you attended a pizza party lately? Has your firm been trying to seduce you back into the office with the promise of under-seasoned jarred sauce and crust? Have you ever stared down a tiny tub of garlic butter sauce wondering wtf you’re doing with your life?

Sneaker Marketplace Goat Group Nets $100M For Expansion On $1.75B Valuation

PYMNTS

Research firm Cowen estimated in July that the luxury sneaker market is worth more than $2 billion in North America and could be worth $30 billion worldwide by 2030, WSJ reported.

Fiscal Year 2023 Revenue Proposal: How Does the Biden Administration’s Proposal Impact the Real Estate Industry?

KROST

This provision would apply to property not subject to a recognition event since December 31, 1939, so that the first recognition event would be deemed to occur on December 31, 2030.

Boosting The Good Growth And Killing The Weeds

PYMNTS

Data: $365 billion: Estimated size of the global online food delivery market by 2030. $36 As flowers are blooming in real gardens for spring, innovative ideas are blooming metaphorical gardens in payments and commerce. Things are getting faster and easier to purchase across channels, there’s active interest in making financial services more accessible and diverse.

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Atlanta Fed: Real GDP Estimated To Fall 52.8 Pct In Q2

PYMNTS

GDP until 2030. Real gross domestic product ( GDP ) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1).

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

This initiative aligns with priorities set for both Saudi Vision 2030 and for the Financial Sector Development Program (FSDP). The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector.

Toyota’s Going Electric By 2025

PYMNTS

billion through 2030 in battery development to help put itself on pace in the electric vehicle space. million electrified vehicles annually by 2030. Tokyo-based car manufacturer Toyota led the clean cars movement with its release of the hybrid Prius a little more than a decade ago, but it has since fallen behind as the market has moved toward full electrification and eco-friendly automobile options.

Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

Mint’s decision to phase out the production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030.

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Pandemic Will Push 150M Into 'Extreme Poverty' By 2021, World Bank Says

PYMNTS

But thanks to the coronavirus, the World Bank does not think extreme poverty will be eradicated by its original estimate of 2030. The COVID-19 pandemic is accelerating a rise in global extreme poverty, the first time there has been an uptick since before 2000, the World Bank said on Wednesday (Oct. It is estimated that the worldwide pandemic will propel 88 million to 115 million people into extreme poverty in 2020, a number that could hit 150 million by 2021.

Former Restaurant Execs Seek $230M For SPAC

PYMNTS

percent compounded annual growth rate over the 60-year period between 1970 and 2030, according to the National Restaurant Association. Tastemaker Acquisition Corp.

Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

In fact, by 2030, the National Restaurant Association expects that technology could completely change the face of dining. With their growing usage, the National Restaurant Association 2030 report posits that app companies could become private label restaurants.

JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

is striving to tackle a host of issues in developing countries — from infrastructure and food security to climate change and health — by 2030.

Deutsche Bank And The Contrarian Cash And Crypto Prediction

PYMNTS

Now comes an existential question by Deutsche Bank — as asked in a research report from the bank titled “ Imagine 2030: The Decade Ahead ,” which offers a number of contrarian ideas.

Deutsche Bank Predicts Weak Fiat System Will Fuel Demand For Crypto

PYMNTS

Now comes an existential question by Deutsche Bank — as asked in a research report from the bank titled “ Imagine 2030: The Decade Ahead ,” which offers a number of contrarian ideas.

Chinese Finance Group Calls For AI Regulation In Ecosystem

PYMNTS

The Chinese AI industry would be worth $143 Billion by 2030. Policy advisers at a leading think tank said that China should introduce a regulatory framework for artificial intelligence in the finance sector, according to a report from Reuters on Sunday (Dec 22).

Saudi Startup Lendo Helps SMBs With Invoices

PYMNTS

At Lendo, our objective is to position ourselves as a leading supplier of digital financial technology, which will disrupt and revolutionize the [SMB] invoice financing sector, and help play a significant part in shaping this transformation, and support the overall Saudi Vision 2030,” Jawabri said.

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Andreessen Partner Predicts More Libra-Type Crypto Efforts

PYMNTS

Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. On the heels of the U.S.

ESG Payroll Spotlight: Just Transition for the Workforce Toward a Net-Zero World

ThomsonReuters

The outlook is bleak, the report warned, because many climate plans do not act until after 2030. . in December 2021, that ordered the federal infrastructure move toward zero-emission vehicles by 2035 and carbon pollution-free electricity in its buildings by 2030. What’s at Stake.

Central Bankers’ Report Focuses On Friction In Cross-Border Payments

PYMNTS

” The CPMI report said that cross-border payments are set to increase from $20 trillion in 2019 to $30 trillion by 2030. An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.”

UN Rule Mandates Connected Cars Be Secured Against Cyberattacks

PYMNTS

billion in 2030, WSJ reported. A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other places, to be protected against cyberattacks, The Wall Street Journal (WSJ) reported.

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IKEA Launches Furniture Rentals

PYMNTS

Loof added that the company ultimately wants to reduce its climate footprint by 15 percent, which is a 70 percent decrease per product by 2030, by finding a second life for its products. IKEA will start leasing furniture as it transforms its business model in an effort to attract more customers and reduce its carbon footprint.

SECURE Act 2.0 Allows Taxpayers To Generate More Roth Retirement Income 

Withum

The current House Bill would increase the required minimum distribution age to 73 starting on January 1, 2023, and further increase the age to 74 beginning on January 1, 2030, and 75 starting on January 1, 2033. The House recently passed H.R.

tax 67

Talks Over Termination Fee May Threaten Grubhub-Uber Deal

PYMNTS

gross domestic product until 2030. Another major obstacle has emerged in Uber’s bid to buy Grubhub: The food-delivery service wants a big payoff if federal regulators nix the deal. As previously reported in this space, some Democrats in Congress are calling for a U.S.

Stripe Reaches $35B Valuation With Latest Funding Round

PYMNTS

We’re investing now to build the infrastructure that’ll power internet commerce in 2030 and beyond. FinTech Stripe is raising $250 million in its latest funding round and has reached a pre-money valuation of $35 billion, according to a release on Thursday (Sept. 19). . General Catalyst, Sequoia and Andreessen Horowitz all participated in the round.

Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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CBO: Coronavirus’s Economic Impact Could Last 10 Years, Cost $8 Trillion

PYMNTS

gross domestic product (GDP) until 2030, the Congressional Budget Office said Monday (June 1), according to CNBC. The final financial toll of the coronavirus will likely be a reduction of $7.9 trillion to the U.S.

Central Bankers Focus On Friction In Cross-Border Payments

PYMNTS

” The CPMI report said that cross-border payments are set to increase from $20 trillion in 2019 to $30 trillion by 2030. An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.”

Simon?Drops $3.6B Mall Deal, Sues Taubman Centers

PYMNTS

Simon’s announcement came on the same day Jan Kniffen, a former executive of the May Department Stores, which was folded into Macy’s, revised his prediction that one-third of the nation’s 1,000 malls would shutter by 2030. Simon Property Group (SPG) has abandoned its $3.6

Today In Payments: Starbucks Offers Leave Of Absence For Baristas; Western Union Eyes Buying MoneyGram

PYMNTS

gross domestic product (GDP) until 2030, the Congressional Budget Office said Monday (June 1). In today’s top news, Starbucks offers a leave of absence option to employees impacted by reduced café hours, and Western Union makes a takeover offer for MoneyGram.

Apple Jumps Into Price Cuts As China Reopens Economy

PYMNTS

gross domestic product (GDP) until 2030, the nonpartisan Congressional Budget Office said Monday (June 1). China is launching a great reopening of its economy. Apple wants to get a big slice of consumers’ dollars.

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Today In Data: Value-Add Services And Scan-And-Go’s Future

PYMNTS

1 trillion: The amount financial institutions (FIs) could collectively save by 2030 with AI tech. With Amazon Go and other retailers seeking to change the way consumers pay for groceries, mobile technology companies are eyeing value-add services, such as loyalty programs for self-checkout. And, in the subscription business, merchants are turning to reviews or ratings to drive conversions.

Dutch Takeaway.com Gets $10B For London’s Just Eat Takeover

PYMNTS

The online food market will hit $365 billion globally in 2030 , up from about $35 billion last year, and these delivery-only kitchens are expected to play a part in that growth. Amsterdam-based Takeaway.com will merge with London’s Just Eat to create one of the biggest companies in the online food delivery sector. . Combined, the companies will lead worldwide food delivery markets, including the United Kingdom, Germany, the Netherlands and Canada, Reuters reported on Monday (July 29).

Google, Facebook May Have To Pay Australian News Publishers

PYMNTS

It sends a concerning message to businesses and investors that the Australian government will intervene instead of letting the market work, and undermines Australia’s ambition to become a leading digital economy by 2030.”.

AI/BOT: Man Versus Artificial Intelligence

PYMNTS

Tech titan Elon Musk of Tesla is predicting the AI takeover to occur much sooner, by 2030. In a tweet responding to this study, Musk said, “Probably closer to 2030 to 2040 IMO. Since the advent of technology, the age-old battle of man versus machine has been an issue. Whether it’s televisions entering homes in the mid-20th-century or personal computers coming onto the scene in the late 1980s, technology has no doubt had an effect on everyday life.

Meeting Customers Wherever They Are (Literally)

PYMNTS

30 percent : The share of human jobs that could be replaced by automation by 2030. Why deliver oneself to a store — and face the hassle of heat, crowds and parking — when the store can deliver itself to you, especially if that delivery might someday involve a real, “live” delivery bot rolling to your door? It might seem a bit far-fetched now, but the bots are built and automation is clearly on the rise.

Amazon To Build Logistics Capabilities With Carbon-Neutral Electric Trucks

PYMNTS

And, by 2030, all 100,000 would reportedly be operating. With the formation of an in-house armada of carbon-neutral delivery trucks, Amazon will soon integrate another step of the online shopping pipeline. The delivery truck fleet will prove to be an intelligent long-term investment, bolster the firm’s profits and reduce carbon emissions per Bank of America, CNBC reported.

Plaid Launches In UK Amid Europe Expansion

PYMNTS

which is expected to double by 2030. Plaid, the FinTech that enables apps to access consumers’ financial information, announced it is entering the European market, starting with the U.K. In a blog post , Plaid said it chose the U.K. as its first foray in Europe because it has a thriving FinTech market and is among the fastest-growing sectors. According to Plaid, more than 1,600 FinTech companies came out of the U.K. “As we’ve done in the U.S.,

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Grab Creates Accelerator For Vietnam Startups

PYMNTS

Grab Ventures Ignite will nurture and support promising Vietnamese startups in their journey to become national champions in Vietnam’s tech startup ecosystem, in line with the government’s national strategy to create 10 technology unicorns by 2030,” Grab said in a statement.