Elon Musk withdrew his lawsuit against OpenAI and two of its cofounders this week.
The Tesla CEO sued the AI startup in March, alleging the company had abandoned its nonprofit mission.
Musk cofounded OpenAI along with Sam Altman and Greg Brockman in 2015.
Elon Musk dropped his lawsuit against OpenAI and two of its cofounders, Sam Altman and Greg Brockman, on Tuesday, CNBC reported.
The Tesla CEO's lawsuit withdrawal comes one day before a judge was set to consider the future of the case during a hearing in San Francisco on Wednesday.
Musk sued the hotshot startup and two of its co-founders in March, accusing Altman and Brockman of betraying OpenAI's initial mission to benefit humanity.
In the suit, Musk criticized OpenAI's partnership with Microsoft, saying the AI company had jeopardized its nonprofit mission in favor of maximizing profits for Microsoft.
Altman, Brockman, and Musk founded OpenAI in December 2015 as a nonprofit research lab. Musk left the company in 2018.
Contract law experts told Business Insider at the time the suit was filed that Musk's case appeared weak, casting doubt on the billionaire's claims of breach of contract given the absence of any written contract between Musk and Altman.
A 1987 version of an Apple AI assistant, called Knowledge Navigator, is wildly similar to its newest Apple Intelligence
Apple
There's a scary version of AI where AI takes your job and/or destroys the planet. Then there's the version that's much more chill: AI as a personal assistant who helps you with your tasks — remembers things for you, finds stuff for you, helps you create presentations for work.
One thing we can say at the moment: This is astonishingly similar to a vision of AI that Apple has been promoting for decades.
Check out this video Apple produced in 1987, showing off a theoretical "Knowledge Navigator" — a computer that lets you do lots of things you couldn't do back then. Most notably, it lets you converse with a digital, bow-tied "agent" that remembers things for you, finds stuff for you, and helps you create work presentations.
This one comes to us via New York's excellent John Herrman, who notes the similarities between the digital agent and Apple's description of Siri, which it launched in 2011. And then Herrman connects Siri with the demo Apple showed off this week and suggests that "Apple Intelligence" might really be called "Siri, but this time it works." You should read John's entire piece.
Johnny Depp and Winona Ryder in "Edward Scissorhands."
20th Century Fox
Johnny Depp revealed he beat Tom Hanks, Tom Cruise, and Michael Jackson out for the titular role in "Edward Scissorhands."
The revelation comes from an untitled Tim Burton docuseries that world premiered at the Tribeca Film Festival.
Depp's casting led to a decades-long collaboration with Burton on multiple iconic films.
Johnny Depp had some stiff competition to land his now-iconic role in Tim Burton's "Edward Scissorhands."
In an untitled docuseries on Burton that world premiered at this year's Tribeca Film Festival, Depp, 61, said that Tom Hanks and Michael Jackson were among the stars who contacted Burton to be considered for the title role in the 1990 hit gothic tale about an unfinished artificial teen who has scissor blades for hands.
Depp said in the docuseries even Tom Cruise "was not far away from actually playing Edward Scissorhands — true story," according to People.
At the time Burton — who was coming off hits "Pee-wee's Big Adventure" and "Beetlejuice" — was casting the role, Depp was a teen idol known for his work on the TV show "21 Jump Street." At the time, he thought his chances of landing the role were slim.
Johnny Depp in 1989.
Barry King/WireImage/Getty
"He's never going to cast me when everyone in Hollywood is after the part," Depp recalled in the docuseries.
"Tim's really juggling because he's getting hit by his agent, the studio, everybody," Depp continued. "So I called my agent after reading the script and said, 'Please cancel the meeting, I'm not going.' She said, 'Are you fucking nuts?'"
Depp said he "finally gave in" and agreed to meet Burton, and the rest is history: they started a collaboration that continued for decades with films like 1994's "Ed Wood," 1999's "Sleepy Hallow," the 2005 "Charlie and the Chocolate Factory" remake," and 2010's "Alice in Wonderland."
The broker thinks that this annuities company could be an ASX dividend share to buy right now.
It likes Challenger due to its exposure to the superannuation market and the favourable sales environment for annuities. It explains:
CGF is Australia’s largest retail and institutional annuity provider across Term and Lifetime annuities with a funds management business. We are Buy rated on the stock. We like CGF because: 1) it has exposure to the growing superannuation market across Life and Funds Management; 2) higher yields should drive a favorable sales environment for retail annuities as well as an improvement in margins; 3) its annuity book growth looks well supported through a diversified distribution strategy.
In respect to dividends, the broker is forecasting fully franked dividends of 26 cents per share in FY 2024 and then 27 cents per share in FY 2025. Based on the current Challenger share price of $6.68, this will mean dividend yields of 3.9% and 4%, respectively.
The broker currently has a buy rating and $7.50 price target on its shares.
Goldman Sachs also thinks that this insurance giant could be a top ASX dividend share for income investors to buy.
It likes the company due to its exposure to commercial rates. It explains:
We are Buy-rated on QBE because 1) QBE has the strongest exposure to the commercial rate cycle. 2) QBE’s achieved rate increases continue to be strong & ahead of loss cost inflation. 3) North America on a pathway to improved profitability. 4) Valuation not demanding. 5) Strong ROE.
The broker is forecasting dividends per share of 62 US cents (94 Australian cents) in FY 2024 and 63 US cents (95.5 Australian cents) in FY 2025. Based on the current QBE share price of $18.36, this equates to dividend yields of 5.1% and 5.2%, respectively.
Goldman has a buy rating and $20.90 price target on its shares.
A third ASX dividend share that Goldman Sachs is bullish on right now is Super Retail. It is the owner of popular store brands BCF, Supercheap Auto, Macpac, and Rebel.
The broker believes the company is well-positioned to navigate the tough operating environment thanks to its vast loyalty program. It said:
We believe SUL will display resilience in a softer economic environment that is built upon its competitive advantage of high loyalty (~11.0m active members accounting for >75% of sales) and this will be further bolstered as the company launches the Rebel loyalty program and continues to build personalisation capabilities. Hence, we are Buy-rated on SUL.
Goldman expects Super Retail to pay fully franked dividends per share of 67 cents in FY 2024 and then 73 cents in FY 2025. Based on its current share price of $13.21, this will mean yields of 5.1% and 5.5%, respectively.
The broker has a buy rating and a $17.80 price target on its shares.
Should you invest $1,000 in Challenger Limited right now?
Before you buy Challenger Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Challenger Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool Australia has recommended Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
S&P/ASX 200 Index (ASX: XJO) share prices are always changing, which can open up compelling buying opportunities with the right businesses at the right price.
In this article, I’m going to examine where one leading fund manager is seeing value amid recent volatility and shifting valuations. Â
This is the company behind Dante, a media networking solution that’s used in the professional audio-visual industry. It is used for numerous purposes including universities, conferences, recording studios, amusement parks, zoos, houses of worship, arenas and stadiums, theatres and so on.
Fund manager Philippe Bui from Medallion Financial Group wrote on The Bull that Audinate is a buy because this ASX tech share “still appears to be in the early stages of a long-term growth trajectory.”
Bui points out the ASX 200 share is “growing quickly” in the video segment of the market, yet the Audinate share price has fallen close to 30% since March 2024. He thinks it’s at an “attractive entry point” after the decline and the “strong” report it revealed in February.
In that FY24 half-year result, revenue rose by 47.7% to US$30.4 million, while net profit after tax (NPAT) grew from A$5.1 million to A$4.7 million.
The fund manager revealed that Audinate is the top holding in its ASX shares growth fund.
Challenger is an ASX 200 financial share which is the largest provider of annuities in Australia.
After a difficult period when interest rates were close to 0%, Challenger is recovering. It’s now able to offer annuities with more appealing yields to older Australians who want an income stream with interest rates now being much higher. Challenger says 2.5 million Australians are set to retire over the next 10 years, which could drive demand for annuities.
The fund manager said Challenger shares were trading on an “undemanding” price/earnings (P/E) ratio multiple, and it has a fully franked dividend yield of around 4%. According to the forecast on Commsec, the Challenger share price is valued at under 13x FY24’s estimated earnings.
Bui noted that Challenger recently reaffirmed that it expects its FY24 annual result to be at the top end of its normalised net profit before tax guidance range of between $555 million and $605 million.
Should you invest $1,000 in Audinate Group Limited right now?
Before you buy Audinate Group Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Audinate Group Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Audinate Group. The Motley Fool Australia has positions in and has recommended Audinate Group. The Motley Fool Australia has recommended Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
On Tuesday, the S&P/ASX 200 Index (ASX: XJO) had a very disappointing session and dropped deep into the red. The benchmark index fell 1.3% to 7,755.4 points.
Will the market be able to bounce back from this on Wednesday? Here are five things to watch:
ASX 200 expected to fall again
It looks set to be another red day for the Australian share market on Wednesday despite a reasonably positive session in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 43 points or 0.55% lower. On Wall Street, the Dow Jones fell 0.3%, but the S&P 500 rose 0.3% and the Nasdaq stormed 0.9% higher. Both the S&P 500 and Nasdaq closed at record highs. This was thanks largely to Apple shares, which rose 7% due to its AI news.
Oil prices rise
ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) will be on watch after oil prices edged higher overnight. According to Bloomberg, the WTI crude oil price is up 0.2% to US$77.87 a barrel and the Brent crude oil price is up 0.3% to US$81.85 a barrel. Optimism over summer fuel demand has boosted oil prices this week.
Collins Foods CEO resigns
The Collins Foods Ltd (ASX: CKF) share price will be on watch today after the KFC restaurant operator announced the exit of its CEO. According to the release, the Drew O’Malley has informed the board of his intention to step down effective 1 July. Kevin Perkins will remain in the role of interim managing director and CEO as the board undertakes a local and international CEO search. Perkins has been in charge on an interim basis while Mr O’Malley was on an extended leave of absence.
Gold price rises
ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a better day after the gold price rose overnight. According to CNBC, the spot gold price is up 0.2% to US$2,331.3 an ounce. Traders were bidding the precious metal higher ahead of the release of US inflation data and the US Federal Reserve meeting.
Judo Capital joins the ASX 200
The ASX 200 index has a new member. After the market close on Tuesday, S&P Dow Jones Indices announced that building materials company CSR Ltd (ASX: CSR) will be removed from the ASX 200 index next week. This is subject to shareholder and final court approval of the scheme of arrangement which will see the company acquired by Compagnie de Saint-Gobain. Replacing CSR in the illustrious index will be business lender Judo Capital Holdings Ltd (ASX: JDO).
Should you invest $1,000 in Beach Energy Limited right now?
Before you buy Beach Energy Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Beach Energy Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor James Mickleboro has positions in Collins Foods and Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple. The Motley Fool Australia has recommended Apple and Collins Foods. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
On that latter list was The Gold King Mine and Ghost Town, a former mining town where visitors can explore a handful of abandoned buildings, mining machinery, and antiques.
Jerome, Arizona's charming downtown drew me in, but The Gold King Mine and Ghost Town, a site with abandoned buildings, antiques, and automobiles, was what enticed me to stay.
The entrance to The Gold King Mine and Ghost Town.
Monica Humphries/Business Insider
The ghost town is dotted with old buildings. Some are original to the site, while others came from nearby towns.
The exterior of an old dentist's office.
Monica Humphries/Business Insider
It's only a 5-minute drive from downtown Jerome, but the abandoned mining town is technically located in the town of Haynes, Arizona.
A screenshot of the town of Jerome, Arizona, and the location of The Gold King Mine and Ghost Town.
Google Maps
I knew I was getting close to the ghost town when I spotted dozens of old abandoned vehicles.
Abandoned cars on the drive to the ghost town.
Monica Humphries/Business Insider
After driving up the dirt road, I arrived at the site's entrance and paid $12 for my ticket.
A sign outlines the cost for visitors of the ghost town.
Monica Humphries/Business Insider
I was handed a brochure with the town's history and map. A few paragraphs on Gold King Mine's past wasn't enough, so I tracked down Jay Harshman, the self-proclaimed "main guy."
A view of The Gold King Mine and Ghost Town.
Monica Humphries/Business Insider
Harshman told me he grew up in the region. After a stint in the corporate world, he returned to central Arizona and has worked at the ghost town for the past two years.
A wood barn at The Gold King Mine and Ghost Town.
Monica Humphries/Business Insider
Harshman is a jack of all trades. He tinkers with old machinery, takes care of the property's farm animals, cuts wood, restores old buildings, and shares the town's history with anyone willing to listen.
A three-cylinder generator that Harshman is working to get up and running again.
Monica Humphries/Business Insider
"There's a lot that we do every day, and every day is not the same," he told me. "That's why I fell in love with it."
Jay Harshman shows a visitor how to pan for gold.
Monica Humphries/Business Insider
Harshman said the old mining town of Haynes was active between 1890 and 1938. While gold, silver, iron, and platinum could be found in the mines, its main commodity was copper.
A sign for Haynes, Arizona.
Monica Humphries/Business Insider
Haynes was small, Harshman said. The average population was 300, with a height of 504 residents. On the other hand, Jerome had an average population of 2,000 and reached 15,000 people during the same period.
A group of people on a balcony of the St Charles Hotel in Jerome, Arizona, circa 1895.
Herbert and Dorothy McLaughlin Historical Collection/FPG/Archive Photos/Getty Images
As we walked through the ghost town, Harshman said the area where we stood wasn't where people lived. It was where the mining happened.
A sign depicting the former entrance to a mine.
Monica Humphries/Business Insider
Above us, on the side of the mountain, was where 305 structures and the town of Haynes formerly stood.
Residents would have lived on the hillside in Haynes, Arizona.
Monica Humphries/Business Insider
Today, The Gold King Mine and Ghost Town are filled with structures, old vehicles, machinery, and antiques, but Harshman said not all of it was original to Haynes.
A former laundromat.
Monica Humphries/Business Insider
A mine's elevator shaft and headframe were part of the original town, he said.
Parts of the ghost town that are original to Haynes, Arizona.
Monica Humphries/Business Insider
A nearby boarding house was also an original Haynes building, as are the assay office and jail bars that can be spotted in the ghost town.
An abandoned house in the ghost town.
Monica Humphries/Business Insider
These structures, and so many more, exist at the site today thanks to a man named Don Robertson, Harshman said.
Don Robertson, the owner and founder of the historic Gold King Mine and Ghost Town.
Wolfgang Kaehler/LightRocket/Getty Images
Robertson grew up in Iowa and came out to the West in the 1960s. According to Harshman, he fell in love with Wild West culture and started collecting things.
A table of old tools Don Robertson collected.
Monica Humphries/Business Insider
When Robertson had gathered too much, Harshman said he searched for a place to store his collection.
A view of the Gold Mine King and Ghost Town.
Monica Humphries/Business Insider
That's when he found The Gold King Mine.
Don Robertson in his workshop.
Wolfgang Kaehler/Getty Images
Robertson came to Haynes in 1978 and made a 100-year leasing deal with the two corporations that continue to own the land today.
The Gold King Mine and Ghost Town.
Monica Humphries/Business Insider
Robertson brought his belongings and, in 1982, opened it up to visitors.
A handful of old automobiles at The Gold King Mine and Ghost Town site.
Monica Humphries/Business Insider
"His whole purpose of revitalizing this town was to show people what kind of things people were working with and living with back in the day," Harshman said.
Don Robertson at The Gold King Mine and Ghost Town in 2019.
Wolfgang Kaehler/Getty Images
Beyond an automobile collection and antiques, Robertson also preserved historical buildings from nearby towns.
The exterior of an old dentist's office.
Monica Humphries/Business Insider
The outhouse, for example, came from Wickenburg, Arizona.
The outhouse at The Gold King Mine and Ghost Town.
Monica Humphries/Business Insider
Visitors can step inside a schoolhouse moved from Perkinsville, Arizona, which is filled with its original desks.
The exterior of the schoolhouse.
Monica Humphries/Business Insider
In another area of the ghost town is a dentist's office. Harshman said it was where Jerome's first dentists, Joseph and Raymond Pecharich, worked. Inside, the chair, equipment, and paperwork are all part of the original building.
Side-by-side images of the interior of the dentist's office.
Monica Humphries/Business Insider
Elsewhere, a service station was relocated from Cottonwood, Arizona, once known as Clemenceau.
The old service station at The Gold King Mine and Ghost Town.
Monica Humphries/Business Insider
And there is a shoe repair store from Wickenburg, Arizona.
Images of the exterior and interior of the shoe repair store.
Monica Humphries/Business Insider
Today, Harshman is continuing Robertson's mission by helping restore Ma's Kitchen, which was named by Robertson. Its original frame and floors were once part of a communal kitchen for miners in Haynes.
The interior of Ma's Kitchen.
Monica Humphries/Business Insider
Harshman took me inside, where I spotted an old pie safe, a vintage telephone, and a decades-old jar of vaporizing ointment.
Two items inside Ma's Kitchen.
Monica Humphries/Business Insider
As we continued to explore the property, I spotted more old automobiles and interesting antiques.
The interior of the laundromat at the ghost town.
Monica Humphries/Business Insider
I walked by farm ducks, said hello to friendly goats named Bonnie and Clyde, and overheard visitors amazed by the items in each building.
Farm ducks at the ghost town.
Monica Humphries/Business Insider
"A lot of people are cooped up in apartments or cities, especially people our age, and don't know what half this stuff does or that everything here was used for purpose," Harshman said. "Nothing is a prop."
Two automobiles in the ghost town.
Monica Humphries/Business Insider
I agreed. Walking through The Gold King Mine and Ghost Town felt like stepping back in time — an experience I don't often encounter in my normal city life.
Nancy Strong's extensive travels include experiences like riding an ostrich in Africa.
Courtesy of Nancy Strong
Nancy Strong, 89, from Dallas, has visited no fewer than 92 countries worldwide.
She's been a travel agent for 50 years and says experiencing other cultures enriches your soul.
This month, Strong — who turns 90 in August — will fly to London for the 35th time in her life.
This as-told-to essay is based on a conversation with Nancy Strong. It has been edited for length and clarity.
When I did the math with my granddaughter, Jennifer, I was amazed to learn I'd visited 92 countries.
I've been to five continents and scores of capital cities. On June 15, I'm flying to London from my home in Dallas for the 35th time.
I've stayed in luxury hotels and camped in the boonies
My life has been a global adventure with too many memories to count. I've taken a donkey through the ancient ruins of Petra in Jordan, walked along The Great Wall of China, and ventured into the deepest jungles of Vietnam.
I've stayed in the best hotels and camped in the most basic settings. I've flown in economy, first class, and everything in between and met people living in remote villages in the Far East, even European palaces.
Strong in Abu Dhabi.
Courtesy of Nancy Strong
My first visit abroad was to Canada with my parents at 11. The next was to accompany my financier husband on a business trip to Paris in 1966 at the age of 32.
But I only caught the travel bug after working for a travel agency in Dallas in the fall of 1974. I hand-delivered airline tickets to corporate offices for $2 an hour. But, after five months, I struck out on my own after my three male bosses said I had to make their coffee.
My travels mix business with pleasure
My agency — which is still going after nearly 50 years — catered to top business executives such as bankers and lawyers. I booked first-class tickets and five-star hotels. I didn't want to recommend anywhere I hadn't stayed myself. I'd get to know the general managers who went the extra mile for my guests.
The stamps on my passport took up all the pages. Over the years, I went to countries as large as Australia and as small as Lithuania. I sailed on the Great Barrier Reef, toured the Taj Mahal in India, and visited the Berlin Wall.
Strong visited the sites of the Normandy landings in France.
Courtesy of Nancy Strong
One of my favorite continents is Africa. Once, on a safari in Kenya, we got a flat tire. But, lo and behold, a lion was feeding her cubs right next to the vehicle. The driver got out, and a man with a rifle stood sentry to protect us all. I never in my life saw anybody change a flat tire so fast.
I wish more people had the opportunity to travel
Many moments have taken my breath away. I've watched wildebeests migrate and monks pray in front of Buddha. I danced the tango in Argentina and drank wine in Tuscany.
Travel has taught me so much. It's opened my mind and rounded my character. I visited churches, synagogues, and temples. I saw people from different cultures and religions happily going about their lives. There would be world peace if everyone was able to travel and see how alike we are.
Strong is about to visit London for the 35th time.
Courtesy of Nancy Strong
I'm 90 in August. My husband, Asa — to whom I've been married for 70 years — is 94. I don't want to leave him for too long, but it's not slowing me down. In May, I went to Paris to see Taylor Swift with some family and friends. Jennifer and I are hoping to catch another of her concerts when we're in London this month.
I've always joked that I've been everywhere but Antarctica. But I've just been invited on a cruise to see the penguins. I don't enjoy cold weather. But I never say never.
Do you have an interesting story about travel that you'd like to share with Business Insider? Please send details to jridley@businessinsider.com.
Phil Coley and his family at their home in France.
Courtesy of Phil Coley
Phil Coley moved from the UK to France with his wife after renovating a $29 four-bedroom house.
Their children were born in France in 2021 and 2023.
Coley, 55, shared his impressions of the country. He told Business Insider there are few negatives.
This as-told-to essay is based on a conversation with Phil Coley. It has been edited for length and clarity.
My wife, Kristi, and I were inspired to move to France after watching a documentary about British people who'd relocated there.
At the time, we rented a two-bedroom home in a sought-after area with high real estate prices. We realized we couldn't afford the type of place we wanted because it would have cost around $260K.
So, in 2017, we bought a four-bedroom fixer-upper in the north-west of France for $29K. Kristi, 38, lived in a tent during the start of the renovations, and I visited every two months to help. I fully transferred in 2020.
We're in a rural location close to Limoges, which has an airport. It's served by a low-cost airline, and, depending on the time of year, we can fly back to the UK for just $29 round trip.
Our family — we have two kids, Alicia, 3, and 18-month-old Haydn — is very happy. Meanwhile, the price of our property — now that it's renovated — has increased to between $215K and $260K. But, finances aside, we can't imagine going back to the UK.
Here are three pros and just one con about ex-pat life in France.
The French are friendly — but you need to make an effort with their language
It's important to try at least to speak some French, even if you get it wrong. In my experience, French people appreciate visitors and ex-pats who try to communicate and respect the culture.
Some ex-pats do themselves no favors by thinking, "Everyone speaks English, so why bother?"
It can be hard to understand colloquialisms and the local patois. But, if we trip up, it usually ends with a laugh.
Family comes first
The French don't live to work. They believe spending as much time as possible with family is essential.
In August, everything pretty much shuts down. Workplaces close — apart from essential services — and people go on vacation en masse.
It's usually four weeks of lovely weather, and the campgrounds, hotels, and B&Bs are often full. One of the most popular types of vacation is touring around in an RV. Practically every town and village has a motorhome stopover spot.
You stay there for free. The idea is that people will buy something from the local stores, and it will generate business.
Kids start school at 3
The education system in France is superior. There are public schools for 3-year-olds, who must be potty trained at that age. The authorities believe adamantly in early education.
Alicia goes to school between 9 a.m. and 4 p.m. No academics, and formal classes don't start until the children are 7.
It's well-known that the French love their cuisine. Alicia is served a healthy, four-course lunch at school. It's far more convenient for parents, and she loves it.
Personally, I've also found that some people dislike online forms and email for official applications. Sometimes, they prefer handwritten or typed paperwork you must print out before sending it.
You can wait months for an answer but keep being fobbed off. Eventually, they will say they've lost the forms. And you have to start all over again.
Do you have an interesting story about living away from your native country that you'd like to share with Business Insider? Please send details to jridley@businessinsider.com.
Automakers and their suppliers have invested hundreds of billions of dollars in EVs.
Demand for EVs has slowed over the past year while consumer interest in hybrids has soared.
Kia says hybrids are an opportunity to get hesitant EV buyers into electrification.
In recent years, global automakers and their suppliers have invested hundreds of billions of dollars in developing new electric vehicles and the infrastructure to build and support them.
Hybrids, with their excellent efficiency and lower cost, offer consumers a range-anxiety-free alternative to help bridge the gap between internal combustion and EVs, Steve Kosowski, the manager for Long Range Planning and Strategy at Kia Motors America, told Business Insider in a recent interview.
Traditional hybrids, with lower price points and limited all-electric range, saw a 45.7% sales uptick from January to March, while plug-ins, which are pricier but can go upwards of 60 miles on batteries, grew a whopping 69.7%, according to figures from PWC.
A Kia EV3 GT-Line compact electric SUV
Kia
As a result, some automakers have postponed their plans to abandon internal combustion engines completely.
This development would seemingly threaten Kia, which has launched about half a dozen new BEVs in recent years, including the stylish EV3 SUV this May.
But Kia sees hybrids as an opportunity to get potential BEV buyers in the door.
"If you look at resistance in the market to buying an EV, number one is price and then it's range and (charging) infrastructure, " Kosowski said. "But if you look at hybrids and PHEVs, the resistance because of price is much much lower."
"The last time I looked, transaction prices for EVs and plug-in hybrids were in the same area, which signals to me that consumers want to electrify and are willing to pay for it," he added."
With range anxiety a non-issue, hybrids, especially those of the plug-in variety, allow people who are hesitant to fully electrify a way to ease into it.
A 2024 Kia Niro PHEV.
ROBIN TRAJANO/Kia
Hybrids accounted for about 8.4% of the total market during the first quarter of 2024.
But if you look at the largest and arguably most important segment these days, compact SUVs, hybrids account for nearly one-fifth of sales, Kosowski said.
This places added importance on the need to have hybrid options available for sale.
Fortunately for Kia, the company hedged its strategy and has no fewer than half a dozen hybrids and PHEVs currently on sale in the US, including the Niro Hybrid and Sportage PHEV compact SUVs.
"As an automaker, you take a step back from this, and you go, it makes so much more sense to proliferate hybrids within your lineup," he said.
For Kia, building hybrids instead of EVs affects its bottom line beyond the revenue it generates. EVs cost substantially more to build than ICE and hybrid vehicles.
A 2025 Kia Carnival Hybrid minivan.
Kia
According to Kosowski, who has spent the past two decades with Kia, the material cost of a typical ICE car is half of the sticker price. The cost of materials to build an EV is 50% more than that.
"This is the 800-pound gorilla in the room for the industry," he added. "The thing about EVs is their material cost is so high that the margin for everybody gets squeezed until it becomes negative."
The popularity is a surprising turn of events from hybrids. Until recentlythey were maligned by consumers for being substantially more expensive and complex than a fully ICE vehicle and by environmentalists for not being as eco-friendly as a full BEV.