⚡ Electricity Prices

Good morning, Nerders. It’s Wednesday, July 24th. In today’s newsletter, we cover:

• Don’t take electricity for granted

• The FDA is approving more and more AI-medical devices

• AI is taking over grocery stores, starting with trade spend

TODAY’S STORY

Prepare to pay more for less-reliable electricity:

• Electricity prices have increased 4.4% over the past year, outpacing the overall inflation rate of 3%

• From 2013-2022, electricity outage frequency has increased by ~20% and outage duration by 46%

The country’s power grid is becoming more unstable due to age; 70% of the U.S. electricity grid is more than 25 years old, and extreme weather.

Not great timing: Electricity demand is surging from data centers needed for AI and electric vehicles (EVs), which could strain the power grid even more. Data centers are projected to use 9% of U.S. electricity by 2030, and electricity demands from EVs jumped to new highs in early 2024.

DATA BYTES

• AI is increasingly being used for real-world medical purposes

• There are more AI devices for radiology than any other specialty

OUR PICKS

Here are today’s recs to help you live a smarter life…

1. Life is short; smile with your teeth more :)

Removes up to 10x more plaque vs. a manual toothbrush. Its pressure sensor lets you know when you’re brushing too hard. $67 off for a limited time.*

2. Smart glasses, made smarter with Meta AI.

Take high-quality photos and videos hands free or livestream your point of view.*

3. Great for starting seeds!

Experience the magic of gardening and grow your own food.*

#SHORTS

AI is taking over grocery stores, starting with trade spend.

@boringbusinesskieran

Trade Spend 🛒 #business #groceryshopping #foryou

Watch on: TikTok, YouTube, Instagram

PREVIOUS STORIES

• Airbnb’s Olympic Strategy — How Airbnb is using Olympic demand to draw in new hosts.

• Tesla’s Cybertrucks — A marketing marvel or a financial flop?

• The Power of Compounding in Your Career with Laura Thompson — Laura Thompson shares lessons from her career as a go-to-market and product marketing leader with 15 years of experience at places like Google.

• Joining a startup early with Charley Ma — Charley Ma on his experience joining early-stage startups. He was the first business hire at Plaid and an early member of the Ramp team.

• What to Work on with Youssef Ahres — Youssef Ahres on career growth and what to work on. Youssef is the CEO of Flagship and was previously a Director of Data Science at Instagram.

To read the web version of previous stories, click here

If you have any comments or feedback, just respond to this email.

Thanks for reading,
Kieran & Justin Ryan