Sustainable AI

Jun 14, 2024 | Sustainability

Dear Clients,

Artificial Intelligence (AI) is making significant strides across various sectors, including sustainable investing. Let’s take a closer look at how AI is impacting our investments and the broader economy.

Operational Efficiency and Profitability

AI’s ability to enhance operational efficiency is transforming industries. Companies like Nvidia, which makes computer chips essential for AI, have seen remarkable growth. Funds we use in our client portfolios, such as Parnassus Growth and Parnassus Core, hold Nvidia. Over the past year, Nvidia’s stock has returned an amazing 216%. This surge has enabled our clients to share in Nvidia’s profits, demonstrating AI’s potential to drive significant financial gains.

Increased Energy Demands

However, AI’s sophisticated algorithms and data centers consume substantial amounts of energy. Meeting this demand sustainably is crucial to maintaining a livable planet. Fortunately, we have a range of clean energy solutions, including solar, wind, nuclear and superhot geothermal. These technologies can provide the necessary power while minimizing environmental impact.

Job Creation and Enhanced Safety

Building out these new sources of clean energy not only addresses AI’s energy demands but also creates numerous jobs in the American economy. Additionally, AI has the potential to save lives through the widespread adoption of autonomous vehicles. These vehicles, guided by AI, do not break the speed limit, get distracted, or drive under the influence, unlike humans, which should dramatically reduce traffic accidents and fatalities.

At Green Investment Strategies, we are committed to integrating AI into our economy responsibly. We ensure that our strategies capitalize on AI’s capabilities while championing sustainability and growth. Thank you for your continued trust in our expertise. We are excited to guide you through these innovative opportunities, ensuring that your investments reflect both growth and responsibility.

Warm regards,

Joe

P.S. For further insights on AI and climate change, check out this episode of Volts.