Posts in Category

Articles

Live facial recognition (LFR) technology will be deployed at Notting Hill Carnival, London’s Metropolitan Police has announced. Police will use LFR cameras to scan for individuals marked as being wanted on the Police National Computer and carry out “pre-emptive intelligence-led arrests and searches” of people believed to have weapons or sell drugs. Facial recognition at Notting Hill Carnival Facial recognition is part of the Metropolitan Police’s plan to cut crime at this year’s carnival. The cameras will be placed on the way to and from the event, The Independent reports. Deputy Assistant

Ami Colé, a Black-owned beauty line founded by Diarrha N’Diaye-Mbaye, will shut down in September. N’Diaye-Mbaye, who is one of the few Black women to raise more than $1 million in venture capital, wrote about her decision in The Cut, explaining that maintaining the business in this current market wasn’t sustainable. “We made operational decisions that felt necessary at the time — like scaling up production to meet potential demand — without truly knowing how the market would respond,” N’Diaye-Mbaye said. Ami Colé’s history The brand, which launched in 2021,

The NAACP and other civil rights groups have filed an appeal against a permit that would allow Elon Musk’s xAI to use gas turbines to power its massive data center. The complaint was filed by The Southern Environmental Law Center (SELC) on behalf of the NAACP and the youth-led group Young, Gifted & Green. The NAACP appealing a permit against xAI After xAI began operating in Memphis in 2024, the startup stated that the turbines at the data center were temporary and small enough not to require permits. But, residents living near

The Digital Law Company has applied to hold Meta Platforms in contempt of court after it did not provide data on individuals who posted harmful content about South African school children on WhatsApp. If Meta does not comply with the order to release the alleged perpetrators’ data, the law firm wants the judge to jail Thabo Makenete, Meta’s public policy head for Southern Africa. This came after the Digital Law Company received an urgent court order, urging Meta to remove explicit content and share identifying details, such as names, emails,

Recognize Partners, a New York-based investor in new digital companies, has closed its second fund, Recognize II, with over $1.7 billion in total commitments. The second fund was oversubscribed and closed less than five months after its launch. It included support from existing and new investors. The LP base includes leading global institutions such as endowments, foundations, pensions, insurers, family offices, outsourced CIOs, and fund-of-funds across the US., Europe, Asia, and Latin America. Who are Recognize Partners? The New York-based investor supports innovative founders and management teams utilizing AI, software, and

Velveteen Ventures, a Midwest-based firm founded by Native American entrepreneur Betsy Fore, is one of the few US venture firms led by a Native American woman. As reported by TechCrunch, its institutionally backed first fund plans to invest $500,000 to $4 million in 15 to 20 seed and Series A startups focused on e-healthcare, climate, consumer, and community. Lack of Native American female founders The number of native American founders in the US is extremely low. TechCrunch attempted to find funding statistics for Native American founders, but the figures were

Fantasy sports and gaming platform, Fantasy Life, has secured $7 million in a new round, which included investors like LeBron James, Maverick Carter, Gerry Cardinale, John Legend, and Fortnite co-creator and former Epic Games C-suiter Donald Mustard, as reported by Variety. The investment will help expand Fantasy Life’s platform to a more customizable app and mobile experiences for players. It will also help the platform complete its acquisition of a rival company, Guillotine Leagues. The venture was created in 2024 by veteran fantasy sports entrepreneur Paul Charchian through his Heavy Blade

Marc Andreessen, founder of Silicon Valley venture capital firm Andreessen Horowitz (a16z), said universities will “pay the price” for promoting diversity and allegedly discriminating against supporters of President Donald Trump. The comments come from leaked messages to a WhatsApp group used by White House officials and technology leaders, according to screenshots of the chatfrom May and June reviewed by The Washington Post. Andreessen criticizes universities The investor criticized Stanford and MIT, sending out a rapid-fire series of messages, according to screenshots and two members of the chat, who spoke to

Nigerian open banking startup Okra will return three years of runway to investors, as reported by Techpoint. The company was founded in 2019 to build APIs helping people securely access their bank accounts from third-party apps. However, the company shut down following the departure of its CEO, Fara Ashiru. Okra still had three years of runway before it would return to its investors. Ashiru did not disclose the amount that would be returned, and Okra has not provided the exact amount that would be returned to investors; however, Techpoint estimated

The US Federal Communications Commission (FCC) has approved two T-Mobile deals after the company rolled back its DEI efforts following pressure from the Trump administration. T-Mobile was permitted to purchase nearly all of regional carrier United States Cellular’s wireless operations, including customers, stores, and 30% of its spectrum assets, in a deal valued at $4.4 billion, according to Reuters. T-Mobile was also granted permission to acquire internet service provider Metronet, which serves over 2 million homes and businesses in 17 states. The FCC approves two T-Mobile deals In a letter

1 13 14 15 16 17 318 Page 15 of 318