Black Eyed Peas frontman and tech entrepreneur will.i.am has launched RAiDiO.FYI, a free AI-powered set of interactive radio stations focused on topics like sports, pop culture, and politics. RAiDiO.FYI uses OpenAI’s language models to create a unique experience where listeners can ask questions, request songs, and get news updates from an AI DJ. A New Era of Interactive Radio With RAiDiO.FYI, will.i.am aims to bring a new level of interactivity to radio. Unlike traditional radio or even AI music tools like Spotify’s AI DJ, RAiDiO.FYI allows for tor two-way communication. Listeners
Out of Africa’s 100 most-funded startups since 2019, only three have female CEOs, according to Africa: The Big Deal. Of the three female CEOs, only two are Black women. Despite over $1 billion raised by giants like MTN-Halan, Sun King, and OPay, female leadership remains rare at the top. No Women Leading Top 10 Funded Ventures All top 10 ventures in terms of funding are led by men. In fact all startups that raised over $100 million since 2019 have male CEOs. Even beyond the top ventures, the disparity continues. Gro
The Black Founders Programme, by Digital Catapult and Sony Music UK, is back for its second year, supporting Black British entrepreneurs in creative technology. Ten new startups have joined the 2024 cohort, applying immersive technologies like virtual, augmented and mixed reality to creative industries. Supporting Black Deep Tech Innovation The initiative focuses on improving investment readiness through mentorship, knowledge sharing, and partnerships. Last year, over 80% of participants saw growth in investment readiness, securing key corporate partnerships and investor interest. This year’s cohort explores immersive technology in storytelling, music production,
The Black Farmer Fund (BFF) is raising $20 million for its second fund, BFF Fund 2.0, aimed at strengthening the Black food system across the Northeast. BFF is a community-driven investment fund that supports Black agricultural and food businesses to build a more equitable food system. This milestone will provide financial support to Black-owned agricultural and food businesses, with $2 million of the integrated capital fund already invested in four innovative enterprises. The fund is part of BFF’s mission to create a sustainable, equitable food system by offering patient, low-interest
Red Lobster, the iconic seafood chain, has officially exited Chapter 11 bankruptcy following its acquisition by RL Investor Holdings LLC, a group backed by Fortress Investment Group. The company has named 35-year-old Damola Adamolekun as its new CEO, marking a milestone in both the restaurant’s history and the career of this rising Black business leader. New Leadership Ushers in a Fresh Chapter for Red Lobster With a new ownership structure in place and fresh leadership at the helm, Red Lobster is positioning itself for a comeback. Adamolekun, who previously served
Brandcil, a technology company, has introduced an enterprise-level social media management platform. Launched on June 10, 2024, Brandcil distinguishes itself as one of the few platforms offering comprehensive tools for streamlining social media tasks across various networks. A Game-Changer for Social Media Management The platform enables users to manage multiple social media accounts, schedule posts, and monitor performance, integrating with major platforms like Instagram, Facebook, YouTube, LinkedIn, TikTok, Pinterest, and X (formerly Twitter). This one-stop solution aims to optimize social media strategies for businesses and individuals alike. Brandcil has formed
The UK government has launched an initiative to strengthen science, technology, and innovation systems across West Africa, with a new £1.9 million ($2.5 million) funding package. The initiative, named Sankore, was announced by Lord Collins, UK Minister for Africa, at a press conference in Accra. This project is part of the West Africa Research and Innovation Hub (WARIH), designed to support economic growth in the region by driving innovation and strengthening digital services. Focus on Ghana and Nigeria The Sankore project will primarily focus on Ghana and Nigeria, two of
Black students are over twice as likely to be falsely accused of using artificial intelligence (AI) tools to complete school assignments compared to their white and Latine peers, according to a new report from Common Sense Media. Released on September 18, the study reveals that while 10% of students from any background report their work being wrongly flagged as AI-generated, the figure jumps to 20% for Black students. In contrast, only 7% of white and 10% of Latine students face such false accusations. Biased AI Detection Tools The discrepancies in
Rapper and entrepreneur 2 Chainz has joined PepsiCo to launch “Taste of Tomorrow,” a new initiative aimed at addressing the underrepresentation of Black professionals in Science, Technology, Engineering and Math (STEM) careers. Boosting Black representation in STEM Despite STEM fields experiencing rapid growth, Black professionals currently make up just 9% of the workforce. The “Taste of Tomorrow” initiative aims to break down the systemic barriers Black students face in pursuing STEM careers, such as limited access to advanced coursework and public programming. Rapper and entrepreneur 2 Chainz, a HBCU alum,
Kredete, a Nigerian fintech platform, has raised $2.25 million in seed funding, enhancing its ability to serve African immigrants in the U.S. The funding round, led by Blockchain Founders Fund (BFF), also included investors like Techstars, Tezos Foundation, Polymorphic Capital, among others. Kredete’s mission is to help African immigrants build credit while simplifying remittances, transforming how they send money home. Addressing Financial Barriers for African Immigrants Kredete’s innovative approach has attracted a user base of over 300,000 and processed transactions exceeding $100 million. The platform allows immigrants to send money
