TOBISHIMA, Japan — Japan’s space agency and its prime contractor said Thursday they hope to be able to forge a profitable launch business with their new H3 rocket after its first successful flight last month in an increasingly competitive market dominated by Space X. Japan Aerospace Exploration Agency and Mitsubishi Heavy Industries have been developing … Read more
Telegram founder Pavel Durov said that the company expects to hit profitability next year with eyes on going public in the future. The chat app, which crossed 900 million users, is making “hundreds of millions of dollars” through ads and subscriptions, Durov told the Financial Times in an interview. He mentioned that while global investors … Read more
Interview Kickstart, a profitable startup helping tech professionals acquire career-advancing skills, has raised $10 million in its maiden funding from Blume Ventures, the companies said on Monday. The San Francisco-based startup, founded in 2014, assists engineers learn from employees of top tech companies or their alumni. Though always profitable, 2023 was pivotal for Interview Kickstart … Read more
A attendee walks past a banner with a Grab logo before a bell-ringing ceremony as Grab begins trading on the Nasdaq, in Singapore, on Thursday, Dec. 2, 2021. Ore Huiying | Bloomberg | Getty Images SINGAPORE — Grab posted its first-ever profitable quarter, raking in $11 million in profit, the Southeast Asian ride-hailing giant said … Read more
After a year of people throwing money at AI companies, investors are now looking for startups that are more solid and viable. That could prove daunting for AI founders: AI is expensive to build and maintain. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year … Read more
Tesla CEO Elon Musk issued a warning Wednesday about the soon-to-be delivered Cybertruck that might sound familiar to those who closely followed the company’s Model 3 “production hell” era. The gist? Scaling production of a vehicle like the Cybertruck is hard and it’s going to take awhile before it’s profitable. Musk estimated that it will … Read more
According to X CEO Linda Yaccarino, the company formerly known as Twitter will be profitable by early 2024. “Now that I have immersed myself in the business, and we have a good set of eyes on what is predictable, what’s coming is that it looks like in early ’24, we will be turning a profit,” Yaccarino … Read more