SpaceX is losing money on its Starlink terminals, but sees lower costs ahead

It may be a little while longer until Starlink hits profitability. The SpaceX project, which aims to deliver global high-speed broadband via a satellite network, sells its beta kits to customers for around $500 dollars despite it costing much more to produce them, CEO Elon Musk said in an interview Tuesday. The kit includes a […]

Forum Brands raises $27M Series A as crowded Amazon roll-up space continues to heat up

The number of startups acquiring e-commerce businesses, especially those operating on Amazon, to grow and scale is increasing as more people than ever are shopping online. The latest such startup to raise capital is Forum Brands, which today announced it has raised $27 million in equity funding for its technology-driven e-commerce acquisition platform.  Norwest Venture […]

Mapping the way to climate resilience

“We just know it’s the right thing to do for our customers and—I say this from years of doing risk management— it’s good, basic risk management,” says Shannon Carroll, director of global environmental sustainability at AT&T. “If all indications are that something is going to happen in the future, it’s our responsibility to be prepared […]

GitHub previews new AI tool that makes coding suggestions

GitHub has unveiled a new product that leverages artificial intelligence to help you write code more efficiently. Named GitHub Copilot, today’s new product can suggest lines of code and even sometimes entire functions. GitHub has partnered with OpenAI to develop this tool. It doesn’t replace developers, it’s just a tool that should improve productivity and […]

Zoom to acquire German startup to bring real-time translation to meetings

As companies expand worldwide, and meet online in tools like Zoom, the language barrier can be a real impediment to getting work done. Zoom announced that it intends to acquire German startup Karlsruhe Information Technology Solutions or Kites for short, to bring real-time machine learning-based translation to the platform. The companies did not share the […]

Max Q: Licensed to space

Max Q is a weekly newsletter from TechCrunch all about space. Sign up here to receive it weekly on Mondays in your inbox. Space this week was all about preparatory steps — and it’s looking more and more like we’re setting up for an out-of-this-world July, with just a few days left before the month […]

Late-stage capital is having a ‘cascading effect’ on European VC activity

Capping off our dig into the early-stage venture capital market, we’re taking a quick look at Europe this morning. Previously, The Exchange tucked into the United States’ early-stage market for startup capital, uncovering startups using abundant seed capital to get more done before raising a Series A, while others were using pedigree, team and market […]

Digital greeting card startup Givingli raises $3 million seed round

While the digital revolution has transformed nearly every social interaction and communication type in the past couple decades, the humble birthday card has shown surprising resiliency. Givingli, a small LA-based startup with an app aiming to challenge how Gen Z sends digital greeting cards, is picking up some seed funding from investors betting on their […]