Yahoo Finance The Most Futuristic City in the US
In this article, we will reveal the most futuristic city in the US. If you wish to look at our detailed rankings, you can go to the 25 Most Futuristic Cities in the US.
The most futuristic cities in the US are leading the way in using new technologies to improve urban living. They are using Information and Communications Technologies (ICT), green energy, and smart infrastructure to build sustainable cities. These cities connect buildings, vehicles, and devices through IoT networks, promote electric vehicles, and use smart public transportation systems.
The push for green energy solutions like electric vehicles is important, as the United States Environmental Protection Agency reports that an average passenger vehicle emits approximately 4.6 metric tons of CO2 annually. This estimate is based on the assumption that the average gasoline-powered vehicle currently on the road achieves about 22.2 miles per gallon and travels around 11,500 miles per year. Each gallon of gasoline burned produces about 8,887 grams of CO2.
Recognizing the harmful effects of pollution, cities worldwide are moving towards sustainable solutions to protect the environment. According to Business Fortune Insights, the worldwide market for Green Technology and Sustainability is expected to increase from $19.76 billion in 2024 to $89.9 billion by 2032, with a compound annual growth rate (CAGR) of 20.9% throughout the forecast period.
The growth in green technology is driven by the increasing use of Green AI across various sectors. For instance, a data center can consume as much electricity as 50,000 homes, but Green AI enhances energy efficiency by adjusting cooling systems based on real-time data analysis. An example is Google's DeepMind AI, which optimizes data center cooling by analyzing data from multiple sensors. This can help reduce energy consumption by up to 40%.
Furthermore, this growth is supported by key industry players developing sustainable solutions. Tesla, Inc. (NASDAQ:TSLA) is a popular example, producing electric vehicles and solar panels through its Tesla Energy Solutions division.
Here’s what Baron Funds said about Tesla, Inc. (NASDAQ:TSLA) in its Q1 2024 investor letter:
“Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles (EVs), related software and components, and solar and energy storage products. Shares fell 29.3% in the first quarter as the core automotive segment is facing headwinds due to a complex macroeconomic environment, factory shutdowns, growing competitive risks in China, and vehicle price reductions which are pressuring gross margins. During the first quarter of 2024, production was also negatively impacted by the Red Sea maritime supply[1]chain interferences, sabotage in a Tesla factory’s power supply in Berlin, and a factory closure for the launch of the refreshed Model 3. We remain shareholders. Tesla commenced delivery of its highly anticipated Cybertruck pickup, which features new technologies within the car and its manufacturing lines. Tesla also launched version 12 of its Full Self Driving product, which shows significant progress from prior versions and increases the probability that Tesla’s data collection at scale, and verticalized software and hardware approach will position Tesla as a leader in the future for autonomous driving and shared mobility. We also expect energy storage sales to continue to grow over the coming years as the adoption of renewable energy continues. Lastly, we believe Tesla’s core automotive segment will recover with the company remaining a leader in the EV market, which continues to expand with EVs still accounting for only around 10% of vehicle sales globally.”
A futuristic multi-server data center, symbolizing the advanced multicloud services.
Our Methodology
To shortlist the 25 most futuristic cities in the US, we used a consensus methodology and consulted various sources such as Business Insider, BDC Network, Earth.Org, and WealthManagement. We collected information across various metrics related to sustainability, technology, and advanced infrastructure for each of the cities. Following the shortlisting of the cities, we assigned a score to each city based on the number of times it appeared across our sources. In the case of cities having the same score, tiebreaking was done on the basis of which city was outranking the other in our sources. The most futuristic cities in the US have been ranked in ascending order of their scores.
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The Most Futuristic City in the US
San Francisco, California
Score: 4
San Francisco has approximately 119 B corporations, featuring prominent apparel companies such as Birdies Inc. and Athleta. The city also recorded an increase in its median download speed from 92.3 Mbps in 2022 to 133.4 Mbps in 2023, reflecting an increase of 44.5%. The city supports sustainable transportation with 443 EV charging stations, one of the highest numbers in the area. Moreover, all residents in San Francisco have access to a park within a 10-minute walk, and 20% of the city's land is dedicated to parks and recreation. These factors highlight San Francisco's commitment to sustainability, urban livability, and a business community that values environmental and social responsibility.
Discover which city secured the second spot. You can visit the 25 Most Futuristic Cities in the US here.
At Insider Monkey, we delve into a variety of topics, ranging from the most futuristic cities in the US to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. 25 Most Futuristic Cities in the US is originally published on Insider Monkey.
