KlearNow raises $16 million to bring customs clearance industry into the digital age

Customs is the sieve of international supply chains. And yet despite its critical role, clearing customs for freight brokers can be a slow and opaque process reliant on manual data entry and prone to errors. Silicon Valley-based KlearNow has developed a platform that aims to bring customs clearance into the digital age. Now, with $16 […]
https://tcrn.ch/2ylV5Vc

Smart driving assistant Automatic is shutting down

Automatic, makers of a connected car dongle, emailed customers today to announce that the company will shut down all operations May 28. The company says it’s the casualty of the COVID-19 shutdown. “Like many other companies in the United States, the COVID-19 pandemic has adversely impacted our business,” it writes, “and we have made the […]
https://tcrn.ch/2KQzW8j

Mark Cuban: ‘Raising money isn’t an accomplishment, it’s an obligation’

Mark Cuban isn’t impressed that you’ve raised money. “If you think the accomplishment is raising money first, we’re probably not gonna get along,” said Cuban in an Extra Crunch Live interview. “If your orientation is ‘I got to raise the money first,’ you don’t really have a company yet, and you really haven’t accomplished anything […]
https://tcrn.ch/2y8CIDq

AWS hits $10B for the quarter putting it on a $40B run rate

AWS, the cloud arm of Amazon would be a pretty successful business on its own. Today, the company announced it has passed $10 billion for the quarter, putting the cloud business on an impressive run rate of more than $40 billion. It was a bright spot for the company in an earnings report that saw […]
https://tcrn.ch/2WcNQXQ

OpenAI’s new experiments in music generation create an uncanny valley Elvis

AI-generated music is a fascinating new field, and deep-pocketed research outfit OpenAI has hit new heights in it, creating recreations of songs in the style of Elvis, 2Pac, and others. The results are convincing, but fall squarely in the unnerving "uncanny valley" of audio, sounding rather like good, but drunk, karaoke heard through a haze of drugs.
https://tcrn.ch/2yhDAFz

Zoom retracts statement that it has 300M daily active users

Zoom is not having a good month. As it scales to meet pandemic demand, it has been beset by security issues, which it has had to explain and fix. Today, The Verge reported that the company just changed a blog post, which had previously listed 300 million daily active users (DAUs) to active participants. The […]
https://tcrn.ch/2yhLSx8

Microsoft shares rise after the tech giant posts 15% growth

Today Microsoft reported its third-quarter, fiscal 2020 quarter earnings, the period of time corresponding to Q1 2020 on the regular calendar. The technology giant generated $35 billion in revenue, up 15% from the year-ago period. That top line led to $13 billion in operating income (+25% YoY), and $10.8 billion in net income (+22% YoY). […]
https://tcrn.ch/2SmXg1P