SmartTech

Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, raised $ 20 million in a new financing round on Tuesday. Sequoia India, the investment arm for India and SEA of the US-based venture company and headquarters, led the Series A round in the four-year-old Incomlend. The CMA CGM Group, one of the world’s …

The war between two of the largest Chinese sports companies could soon lead to a ceasefire, according to their investor Tencent. Tencent, the world’s largest game maker, announced late Monday a proposal to consolidate Douyu and Huya, the competing live streaming sites focused on video games. Instead of paying in cash, the pair will enter into a stock-for-stock merger on …

Ironscales, a startup developing a platform to prevent and detect AI phishing, today completed an extension of its Jump Capital-led Series B round by $ 8 million, bringing the total to $ 23 million. According to a spokesman, Ironscales plans to use the funds to further accelerate growth through market expansion and ongoing research and development of its email security …

Apple’s map application became the dominant navigation option for Apple devices years ago, but Google is apparently unwilling to cede the growing wearables or automotive market to its main competitor. Today, Google announced that Google Maps for iOS will add both an Apple Watch app and support for CarPlay Dashboard, increasing the likelihood that Apple users will reconsider Google’s potential …

(Reuters) Microsoft’s attempt to carve parts of TikTok out of its Chinese owner, ByteDance, will be a technically complex undertaking that could test the patience of President Donald Trump’s administration, according to sources familiar with the setup. Trump has given Microsoft until September 15 to draft an acquisition that will protect Americans’ personal information stored in the short video app, …

Shares of Uber and Lyft modestly dived after a California judge issued a restraining order that TechCrunch reports could compel the two American hailship companies to classify drivers as employees in the state. Uber’s stock is down about 1.3% after closing normal trading hours, after falling about 2% in regular trading. Lyfts The stock is down 2.1% even though its …

The watchOS 7 public beta is here, Amazon may want to turn shopping malls into distribution centers, and Skillshare is raising $ 66 million. This is your daily crisis for August 10, 2020. The big story: trying on Apple watchOS 7 Brian Heater walks us through all of the changes in watchOS 7. It sounds like the operating system hasn’t …

Run a startup Accelerator has a number of occupational hazards, but “Skepticism is easiest when you’ve seen too many companies,” said Geoff Ralston, president of Y Combinator, “and it’s what you need to avoid the most.” Ralston came to me last week for an hour-long Extra Crunch Live interview where we talked about a variety of topics including how YC …

A newly published study by researchers at the University of Michigan shows that facial recognition technology poses several problems in schools and has limited effectiveness. Led by Shobita Parthasarathy, director of the university’s Science, Technology and Public Policy (STPP) program, the study says the technology is unsafe and can actively promote racial discrimination, normalize surveillance, and undermine privacy , while …

The metrics that are used to benchmark AI and machine learning models often do not adequately reflect the real performance of these models. This is the result of a preprint study by researchers at the Institute for Artificial Intelligence and Decision Support in Vienna, in which data in over 3,000 results of the model performance of the web-based open source …