Desert island album? How about fresh water. Less than 1% of the world's water supply is usable and the demand for water is growing faster than the population, creating a scarcity issue for the world's most important resource. AI requires a substantial amount of processing power and that means more water is needed to cool servers in data centers. In fact, one liter of water is consumed for every 40 ChatGPT commands processed. But, the good news is that there are relatively cost effective solutions available to address demand and supply issues. Haim explains how smart technology investments in water infrastructure can substantially reduce the 1/3 of water lost from leaks. More targeted irrigation, smart meters, these can help significantly.   You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2023 Bank of America Corporation. All rights reserved.