OpenAI CEO Sam Altman on Sunday said that the company is currently losing money on its $200-per-month ChatGPT Pro plan because people are using it more than the company expected. “I personally chose the price,” Altman wrote in a series of posts on X, “and thought we would make some money.” ChatGPT Pro, launched late […]

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Telegram founder Pavel Durov said Monday that the company is now profitable. Durov said the chat app’s total revenue surpassed $1 billion in 2024. The company, which launched its premium subscription service in 2022, now has 12 million paid users. Durov also said that the app is finishing the year with more than $500 million […]

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An African fintech that has grown on the strength of a 30,000-strong team of direct salespeople is moving into profit country by sub-Saharan country. Now, M-KOPA, the pay-as-you-go asset financing platform serving 5 million underbanked Africans, is racing toward a major milestone: surpassing an annual revenue rate of $400 million by year-end. The London-headquartered fintech […]

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