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☆ Elon Musk says Russia 'will certainly gain more land' in Ukraine
▼ + stars: | 2024-03-31 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Elon Musk predicted Russia would gain more land in the ongoing Ukraine war. Musk's SpaceX initially sent thousands of Starlink terminals to Ukraine, but relations have since cooled. AdvertisementElon Musk weighed in on the Russia-Ukraine war on Saturday, saying that he believed Russia would "certainly gain more land than they have today." "There is no chance of Russia taking all of Ukraine, as the local resistance would be extreme in the west, but Russia will certainly gain more land than they have today," Musk wrote. Elon Musk's SpaceX sent Ukraine "thousands" of terminals for the company's Starlink satellite internet service when Russia first invaded.

Persons: Elon Musk, Musk, —, Elon Musk's, Volodymyr Zelenskyy Organizations: SpaceX, Service, Elon Musk's SpaceX, Reuters, Russian Government, Democrats Locations: Russia, Ukraine, Dnipro, Russian, Crimea

☆ Scientists are growing crops with salt water that could help save us from starvation
▼ + stars: | 2024-03-30 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

Poor irrigation practices, such as insufficient water application, using saline water, and not maintaining adequate drainage can also lead to salty soils. Irrigation can drive salinization, especially if farmers are watering their crops with salty water. In this case, that means watering crops with salt water in their lab. Globally, over 3,700 acres — just over four times the size of NYC's Central Park — of farmland grow SaliCrop seeds. Red Sea Farms, for example, is a Saudi Arabian company that uses selective breeding to grow crops that can be irrigated with salt water.

Persons: Ṛcā, SaliCrop, Guy Shery, Carmit Oron, Godbole, Sharon Devir, Devir, Karl Weatherly, they're, Andy Sacks Organizations: Service, Business, Getty, UN Locations: Israel, Spain, Oron, India, Europe, Africa, Kansas, Saudi Arabian, Sweden

A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.

Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China

☆ A startup wants to build the world's largest cargo plane big enough to carry wind turbines the size of a football field — take a look
▼ + stars: | 2024-03-30 | by ( Lloyd Lee | Taylor Rains | ) www.businessinsider.com time to read: +7 min

Radia, a Colorado-based startup, wants to build the world's largest cargo plane. Billed the WindRunner, the plane's sole purpose is to carry oversized wind turbine blades. Its sole purpose: to deliver giant wind turbine blades. A rendering visualizes one of the obstacles of transporting a large wind turbine blade by ground. WindRunner joins the lucrative oversized cargo marketRadia joins the niche network of aerospace companies manufacturing giant planes to carry over-sized cargo, like heavy machinery, military tanks, helicopters, and satellites.

Persons: —, Mark Lundstrom —, Radia Radia, Antonov, GLEB GARANICH, Radia, Mark Lundstrom, WindRunner, Ruslan, Jens Schlueter, Robert Sorbo Organizations: Service, MIT, Office of Energy, Renewable Energy, Boeing, Business, Russian, Getty, Aircraft, Airbus, Airbus Beluga Transport Locations: Colorado, Russia, Soviet, Radia, Ukrainian

☆ Human activities are changing Earth's spin so much that it might affect how we keep time
▼ + stars: | 2024-03-29 | by ( Ellyn Lapointe | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Polar ice melt driven by climate change is affecting Earth's rotation, according to new research. A human-driven change in the Earth's rotation has never been seen before, and may affect computing. DrPixel/Getty ImagesDon't worry — this change in Earth's rotation won't be catastrophic. Denis Tangney Jr./Getty ImagesAs a result, scientists predict that we would need the first-ever negative leap second by 2026. iStock / Getty Images PlusThere are three main mechanisms that control the Earth's spin:One is tidal friction, or the interaction between moving ocean water and the ocean floor, which slows Earth's rotation.

Persons: Duncan Agnew, what's, Denis Tangney Jr, Felicitas Arias, Judah Levine, Agnew, Andres Forza, you've Organizations: Service, Scripps Institution of Oceanography, International Bureau, Time Department, National Institute of Standards, Technology, Washington Post, Northern, Reuters, CNN Locations: Wellesley , Massachusetts, Needham, Northern Canada, Scandinavia, Argentina

☆ Investing in Space: Boeing takes backup role in flying NASA astronauts
▼ + stars: | 2024-03-28 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Boeing's Starliner program finally feels close to flying people in space for the first time. It was originally planned to launch this crew flight test in November 2018. On the eve of flying crew, Boeing's messaging is now closer to "NASA wants us as backup and we're not committing beyond that." The additionally unfortunate aspect of this situation is that none of these years of setbacks and cost overruns seem to have lit a fire under Boeing's space management.

Persons: CNBC's Michael Sheetz, Boeing's, we're, Starliner, it's, SpaceX's Dragon, Boeing's Starliner, Mark Nappi, Nappi Organizations: ISS, Boeing, SpaceX, NASA

☆ You're probably throwing out perfectly good food because 'sell by' and 'best before' dates mean nothing. Retailers like Amazon are backing a bill that could change that.
▼ + stars: | 2024-03-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Retailers like Amazon support a bill that would require two labels: "best if used by" and "use by." Related storiesClearing up the confusion can avoid food waste, save people money, and help tackle the climate crisis. Reducing food waste is a way for companies to make progress on their sustainability goals, Melgar added. These advocates said the main question from Republican lawmakers is whether the food industry supports the bill. "Voluntary initiatives were a great first start in socializing this idea of consumer confusion over date labels," she said.

Persons: Tori Oto, Oto, Nestlé, Danielle Melgar, Melgar, Kroger Organizations: Service, Harvard Law School Food Law, Policy Clinic, Agriculture Department, Congress, Whole Foods, Kroger, Walmart Locations: Washington

☆ 5 major challenges that have China headed for a '100-year storm,' according to billionaire investor Ray Dalio
▼ + stars: | 2024-03-28 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

There are five major trends that have China headed for a "100-year storm," according to billionaire investor Ray Dalio. They include a big debt problem, a growing internal wealth gap, and increasingly fraught foreign relations with the US. "The circumstances and the mood in China have indisputably changed to become more threatening," Dalio said in a LinkedIn post. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. download the app Email address Sign up By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementThere are major economic and geopolitical challenges brewing a "100-year storm" in China, says billionaire investor Ray Dalio.

Persons: Ray Dalio, Dalio Organizations: Service, Business Locations: China, Beijing

☆ China's industrial push risks destabilizing the global economy and watering down green-energy exports, Janet Yellen warns
▼ + stars: | 2024-03-27 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

US Treasury Secretary Janet Yellen warns that China's big industrial-production push could destabilize the global economy. China's growing clean energy industry has oversupplied markets with cheap solar panels and EVs, she said in prepared comments that will be delivered on Wednesday. "It is important to the president and me that American firms and workers can compete on a level playing field," Yellen said in speech text released by the Treasury. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. "Challenges for individual firms can lead to concentrated supply chains, negatively impacting global economic resilience."

Persons: Janet Yellen, Yellen Organizations: Treasury, Service, New York Times, Business Locations: China, Norcross , Georgia

A settlement that could scramble the credit card businessA long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants. But the proposed class-action settlement could have wider consequences, including for the lucrative business of high-end credit cards — and for retailers. What’s in the settlement: Visa and Mastercard said on Tuesday that they had agreed to reduce swipe fees, costs associated with the use of a credit card, for about five years. Perhaps more important, merchants will be able to raise their prices based on the kind of card. For example, buying groceries with a higher-fee card — typically a premium card like the Chase Sapphire Reserve — could become more expensive than paying with a lower-end one.

Organizations: Visa, Mastercard, Chase Locations: United States

☆ Car insurance rates are at a 50-year high. Here's 3 ways you can keep your costs low, according to an expert
▼ + stars: | 2024-03-27 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

American car insurance rates have reached a 50-year high, outpacing inflation. "All of these work together to create a situation where car insurance is a lot more expensive," she said. Additionally, the state drivers live in — and the local impact of the climate crisis — has a significant effect on car insurance rates. According to personal finance company NerdWallet, full coverage car insurance premiums nearly double if a driver is at fault for a crash. Car insurance rates are higher for families with teenagers, with rates going up 70% to 150% once someone under 18 is added to a family car insurance policy.

Persons: Laura Longero, Longero, What's Organizations: Service, Insurance, US Bureau of Labor Statistics, . Insurance, US Department of Transportation Locations: —

☆ Target's collection with Diane von Furstenberg is another step in the right direction for the brand as it leans into luxury for less
▼ + stars: | 2024-03-26 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Read previewDiane von Furstenberg has been a household name since the '70s. Despite her place in the luxury world, von Furstenberg partnered with Target and her granddaughter, Talita von Furstenberg, to create a limited-edition collection for the store. Samantha Grindell/Business InsiderThe store has also been leaning into celebrity and top brand-name partnerships to level up its offerings. After seeing it in person, Target's collaboration with von Furstenberg seems like a natural progression of its brand strategy as it continues to offer products that feel luxurious for less. Shop the Diane von Furstenberg x Target collection.

Persons: —, Diane von Furstenberg, Forbes, Jeffery Bezos, von Furstenberg, Talita von Furstenberg, Samantha Grindell, Sally Hansen, Sergio Hudson, Christopher John Rogers, Joanna Gaines, Kendra Scott, Stanley Organizations: Service, Fashion, Target, Business, tote, Valentine's Locations: Brooklyn

☆ Electrification could overwhelm energy grids. Startups are betting on AI to make sure that doesn't happen
▼ + stars: | 2024-03-25 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +10 min

Today's energy grids are unable to keep up with the intense demand being heaped upon them. Globally, energy projects struggle to overcome permitting hurdles. Making smart grids a realityData was transmitted across a national energy grid for the first time in 2016. Startups selling them are hoping to alleviate pressure from physical grid infrastructure and allow operators to do more with the infrastructure they have. Victoria McIvor, an advisor to energy startups who was formerly an investor at the European climatetech firm World Fund, imagines a future where energy tariffs dictate when energy-intensive appliances run.

Persons: Rajesh Swaminathan, it's, Andrés Dancausa, Dancausa, Swaminathan, Victoria McIvor, Timothy Barat, Barat, Duncan Turner, SOSV, Turner, McIvor Organizations: Infrastructure, Service, International Energy Agency, Paris, Investors, Khosla Ventures, US Department of Energy, Fund, Octopus Energy, Continuum Industries, Software Locations: Europe, Ukraine, Portuguese, Amsterdam, California, London, VCs, Scottish

☆ Climate change and extreme heat will drive inflation higher, study says
▼ + stars: | 2024-03-25 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

Global warming and extreme heat will drive inflation higher, a new study says. In the next decade, climate change could bump up food inflation by as much as 3.23% per year and headline inflation by as much as 1.18%. "A worst-case emission scenario would cause pressures on food inflation exceeding 4% [per year] across large parts of the world." According to a new study published in the journal Communications Earth & Environment, the effects of global warming and extreme heat are expected to create persistent increases in headline and food inflation. Related storiesThat could bump up food inflation by as much as 3.23% a year on average globally, and push headline inflation up by as much as 1.18% in the coming decade.

Organizations: Service, Environment, Potsdam Institute, Climate Impact Research, European Central Bank Locations: Africa, South America

☆ Kevin Hart Receives the Mark Twain Prize for American Humor
▼ + stars: | 2024-03-25 | by ( Aishvarya Kavi | ) www.nytimes.com time to read: +1 min

Kevin Hart stepped into the spotlight on Sunday night with his usual swagger to accept the Mark Twain Prize for American Humor, occupying a stage lit up with his signature pyrotechnics. “Can I pee?” Mr. Hart said after a heartfelt tribute from his friend the comedian Dave Chappelle, before waddling offstage at the John Kennedy F. Center for the Performing Arts in Washington. He then reappeared to accept a bust of Mark Twain from David M. Rubenstein, the retiring chairman of the Kennedy Center. Mr. Hart, 44, is the 25th comic to receive the prize from the Kennedy Center, an honor given annually to the greatest humorists in American comedy. Mr. Hart was joined by his wife and four children, and grinned broadly even as he teared up at bitingly funny roasts and emotional tributes from friends and colleagues in the industry.

Persons: Kevin Hart, Twain, Mr, Hart, Dave Chappelle, John Kennedy F, Mark Twain, David M, Rubenstein, “, Chris Rock, ” Mr, Chappelle, ” Organizations: Performing Arts, Kennedy, Mr, Kennedy Center Locations: Washington, Philadelphia

☆ The Ohtani scandal is the greatest gambling scandal in baseball since Pete Rose, says Keith O'Brien
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Ohtani scandal is the greatest gambling scandal in baseball since Pete Rose, says Keith O'BrienKeith O’Brien, ‘Charlie Hustle’ author, joins 'Squawk Box' to discuss the business of sports betting, why he believes the parallels between Shohei Ohtani's interpreter and Pete Rose's gambling scandal are uncanny,

Persons: Pete Rose, Keith O'Brien Keith O’Brien, ‘ Charlie Hustle, Pete Rose's

☆ I'm a winemaker for The Dreaming Tree, the label owned by Dave Matthews. Here's what goes into making a celebrity wine.
▼ + stars: | 2024-03-23 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Grayson Stewart, the winemaker for The Dreaming Tree from Sanger, California. AdvertisementI've been the full-time winemaker for The Dreaming Tree, the wine label of Dave Matthews of the Dave Matthews Band, since March 2022. I jumped at the opportunity to work with Dave and his labelDave Matthews with The Dreaming Tree wine. Here's how we make our sustainable wineThe Dreaming Tree is now fully sustainable, from the wine inside the bottle to the bottle itself. My friends send me pictures of The Dreaming Tree on store shelves, letting me know that they're trying the wine, which is really cool.

Persons: Grayson Stewart, I've, Dave Matthews, Dave, Dave Matthews Band's, We've, we're, Dave Stewart, Matthews Organizations: Service, Business, Wine, Dave Locations: Sanger , California, Central, Napa, California, There's, Nature

☆ Sam Altman's mission to increase human lifespan with a $180 million shipping container experiment at Retro Biosciences
▼ + stars: | 2024-03-23 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +11 min

Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.

Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego

☆ Valentino's creative director Pierpaolo Piccioli is stepping down after 25 years with the fashion house
▼ + stars: | 2024-03-22 | by ( Amanda Krause | ) www.businessinsider.com time to read: +2 min

Pierpaolo Piccioli is stepping down from his role as creative director of Valentino. He joined the company in 1999 and became the sole creative director in 2016. After 25 years with the fashion house, Pierpaolo Piccioli is leaving the brand — specifically stepping down from his role as creative director, which he's held for the past eight years. After graduating from the Istituto Europeo di Design school, Piccioli met his creative partner, Maria Grazia Chiuri, in the 1980s, according to BoF. But when Chiuri left for Dior in 2016, Piccioli held the Valentino role on his own.

Persons: Valentino, Piccioli's, —, he's, Piccioli, Maria Grazia Chiuri, Chiuri, Pierpaolo, Maison Valentino, Jacopo Venturini, Giancarlo Giammetti Organizations: Service, Fashion, Istituto, Design, British Vogue, Dior Locations: Fendi, British

☆ 'Quiet luxury' was once all about fashion — but now it describes how the top 1% travel too
▼ + stars: | 2024-03-22 | by ( Helen Iatrou | Rob Goss | ) www.cnbc.com time to read: +4 min

Big-ticket travel experiences like those are indicative of the "quiet luxury" trend which began in the world of fashion, with timeless lines trumping brand-blaring outfits. Less limelight, more connectionJaclyn Sienna India, the founder of the ultra-luxury travel company Sienna Charles, said she considers herself a longtime quiet luxury disciple. Monaco has long been a playground for the elite, but wealthy travelers are increasingly opting for more remote locations, say luxury travel advisors. But another important aspect of the quiet luxury movement concerns security. For them, quiet luxury travel is about exclusivity and privacy, she said.

Persons: Jaclyn Sienna India, Sienna Charles, Vietnam's, Alexander Spatari, It's, Sean De Burca, George W, Bush, Erica, Erica Jackowitz, Jackowitz, Sienna India, Thomas Barwick, Roger Federer, Erica's Erica Jackowitz, Anastasiia Organizations: Monaco, Bank, Getty, Digitalvision, Henley, Partners Locations: Antarctica, Svalbard, Paris, Monaco, Chi Minh City, India, Brazil, Ethiopia, New York City, Africa

☆ Biden slows his timeline for the shift to EVs in a compromise with unions concerned about jobs
▼ + stars: | 2024-03-20 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

President Joe Biden is giving automakers more time to ramp up sales of electric vehicles, following pressure from the industry and labor unions concerned about a rapid transition to EVs. Cars are the single-largest source of greenhouse gas emissions. Still, the United Auto Workers worries that a rapid shift to EVs will cost jobs because EV manufacturing requires fewer assembly parts. Pacing EV adoptionThe tailpipe rules land as the EV market hits some bumps in the road. AdvertisementStill, analysts predict that EV sales will continue to push higher, thanks to newer models at more affordable prices and the continued build-out of charging stations.

Persons: Joe Biden, —, John Bozzella, Kelley, Power, Albert Gore, Tesla Organizations: Service, Environmental Protection Agency, Wednesday, Business, United Auto Workers, UAW, Alliance for Automotive Innovation, Ford, General Motors, Zero Emissions Transportation Association, EV, EPA, Research Locations: United States

☆ Billionaire Gautam Adani got rich off coal. Now his company is building a green energy plant the size of Chicago.
▼ + stars: | 2024-03-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Coal billionaire Gautam Adani is building the world's largest power plant, and it's all renewable. Adani's nephew, who's in charge of the project, says there's "no choice" but to go big on green energy. Still, the Adani Group makes 62% of its revenue from fossil fuel. Adani Green Energy Limited (AGEL) is building the solar and wind power plant in a salt desert in the western Indian state of Gujarat. AGEL is the clean energy unit of the Adani Group, the biggest coal miner and importer in India founded by billionaire Gautam Adani in 1988.

Persons: Gautam Adani, who's, Adani Organizations: Adani, Service, Green Energy, Forbes, Business Locations: Belgium, Chile, Switzerland, Chicago, Gujarat, AGEL, India, Asia

☆ The potential $2 billion sale of Selena Gomez's Rare Beauty could make her the next celebrity billionaire
▼ + stars: | 2024-03-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Here's how Rare Beauty outdid other celebrity brands — and how it could make Gomez a billionaire. AdvertisementThere are currently at least 40 celebrity beauty brands on the market — all experiencing varying degrees of success. AdvertisementNow, Selena Gomez may be poised to join their ranks and become the next celebrity beauty billionaire. Rare Beauty is exclusively sold at Sephora — meaning a potential buyer would see plenty of room for growth. It's among the most-followed celebrity beauty brands on both Instagram and TikTok, with 7.1 million and 3.6 million followers, respectively.

Persons: Selena Gomez, Gomez, —, Hailey Beiber's Rhode, Addison, Brad Pitt's Le Domaine, Rihanna, Kim Kardashian, Kim, Anncy Rowe, Jeffrey Ten, Scott Friedman, Nikki Eslami, Pascal Le Segretain, it's, Friedman, Mehdi Mehdi, Joyce Kim, Estée Lauder, Elizabeth Taylor's, Rowe, she's, Alex Rawitz Organizations: Service, Coty, Bloomberg, Fashion, Business, Fast Company, Brand, New Theory Ventures, Nyx, L'Oréal Locations: SKKN, L'Oréal, Sephora

☆ AI Is Upending Google's Search Business. a Lady Gaga Query Shows How.
▼ + stars: | 2024-03-19 | by ( Kali Hays | Hugh Langley | ) www.businessinsider.com time to read: +16 min

Search versus SGESince December, Business Insider has plugged the same queries into Google's traditional search engine and its generative AI version to see how information is presented differently. Mark Mahaney, a top internet analyst at ISI Evercore, has been testing SGE alongside generative AI rivals like Perplexity and OpenAI's ChatGPT. Ray has spotted answers in SGE results that are not sourced from websites that rank in the top 100 positions for that query in traditional Search results. Neither query produced any sort of generative AI response — although a search for "common cold" did. They've already got billions of people using Chrome and using Google search," Shmulik told BI.

Persons: It's, Mark Mahaney, Mahaney, SGE, Adweek, Alan Antin, Google's SGE, Gaga's, Gaga, Tiffany, Kali Hays, Google's, Sundar Pichai, Lily Ray, Ray, Mark Shmulik, Bernstein, Susan Orlean, Evercore's Mahoney, we're, Bernstein's, Shmulik, he's, ChatGPT Organizations: Google, Business, Microsoft, Gartner, ISI, New York Magazine, BI, GitHub, LinkedIn, SGE, Bing Locations: SGE, OpenAI

☆ Why EVs are causing a tire boom
▼ + stars: | 2024-03-19 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

With their heavy weight and quick acceleration, EVs tend to burn through tires about 20% faster than internal combustion vehicles do, according to AlixPartners. Other technical challenges include dampening tire noise, which is a lot more noticeable in the cabin of an otherwise silent EV, and improving an EV's range. Michelin research shows tire selection can impact an EV's range by 10% to 15%. Currently only about half of buyers do, according to Northcoast Research estimates. "If EV does kind of evolve and proliferate through the car population like some think, it may bring about what I call the gold rush for tire manufacturers," said John Healy, an analyst with Northcoast Research.

Persons: John Healy Organizations: Michelin, Northcoast Research

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