Weekly Reading Recommendations

What's Going on With Auto Insurance Costs (J.P. Morgan)

 Investors Need Not Fear the Traditional Diversified Portfolio (BCM) 

Berkshire after Buffett: Can any Stockpicker Follow the Oracle? (Financial Times)

The Power Question: AI, Data Centers, and the Thirst for Energy

Daily headlines about the widespread adoption of Artificial Intelligence often emphasize the technology and its potential effects on productivity, yet they tend to overlook the significant power demands of data centers. Data centers are the backbone of the infrastructure that allows AI to function, and they require a lot of power to operate. These centers are anticipated to increase their power consumption by 160% by 2030, according to Goldman Sachs Research. Additionally, Wells Fargo projects a 20% rise in total U.S. electricity consumption through the decade.

To put some numbers around the power demand surge, Nvidia estimates it will sell 1.5-2 million graphics processing units (GPU) this year alone. Together, these units will require nearly as much power as the residential power consumption of Houston, which has the fourth highest demand of any city in the U.S.

Where will that power come from? Can renewable energy fill the gap in meeting the power demand? FEG dives into these "power questions" and more in this week’s highlight article of the week. 

Click Here to Read: The Power Question - AI, Data Centers, and the Thirst for Energy

—————————————————————————————————————————

Charts that matter

Technology: Transformative & Deflationary 

Mobile phones have replaced many of our previous everyday items while also increasing individual operating efficiency of users tremendously with their multi-functional nature. This simple, yet informative, graphic also illustrates how technology is a deflationary force over the long term. 

Legacy Trust Family Wealth Offices

 4200 Marsh Landing Blvd, Suite 100

Jacksonville Beach, FL 32250

Office: (904) 280-9100

Fax: (904) 280-9109

Legacy Trust Family Wealth Offices of Jacksonville Beach, Florida, is a new type of financial services firm - an independent multi-family office - that brings all facets of your personal financial affairs under one roof, where they are coordinated for optimum efficiency and maximum performance. 

Investment products are not FDIC insured, are not bank guaranteed, and may lose value.