Nex Cubed has announced a partnership with nonprofit HBCU.vc to support founders from Historically Black Colleges and Universities (HBCUs) and train the next generation of Black venture capitalists (VCs). Nex Cubed is a pre-seed venture accelerator on a mission to invest in and uplift underrepresented founders and underserved communities. They recently announced the launch of a $40 million HBCU Founders Fund aimed to boost startups led by at least one founder who is a HBCU student, alumnus, or faculty. This week, they announced the partnership with HBCU.vc – a nonprofit
A former Black worker at AT&T, Stacey Fowler, has filed a lawsuit against the telecommunications company, alleging she was fired for reporting a racist threat she received. The complaint accuses the company’s Midwest division and Ohio Bell Telephone Company, an AT&T subsidiary, of “abhorrent and shocking conduct.” The Racist Threat According to The Daily Beast, Fowler, a Black woman, was the most senior person after working over 30 years in AT&T’s Ohio office at the time of her firing. She told the news site that the company was due to
Kendrick Lamar and Dave Free’s pgLang – a multidisciplinary creative services company specializing in music and visual media production – is moving into the tech space. pgLang, short for program language, was founded by Kamar and Free in March 2020, who has partnered with tech company Light to launch the limited-release Light Phone II. The Light Phone II The Light Phone II is an unlocked, 4G LTE mobile phone with a few essential tools aimed to be a less-distracting alternative to the modern cell phone. It is billed to be
African mobile video network StarNews Mobile has secured $3 million in pre-Series A funding to empower African content creators to connect with their fanbase and make money. Notable Black French soccer players participated in the funding round, including Aurelien Tchouameni from Real Madrid CF, Jules Kounde from FC Barcelona, and Mike Maignan from AC Milan. Helping African creators monetize their content StarNews Mobile is a leading African media platform empowering content creators by providing opportunities to connect with their fanbase and monetize their content. It was founded in 2017 by
Black women have long contributed to British history, culture, and life, but, like their American sisters, they do so in the face of racism and sexism. Black women’s experiences of microaggressions and discrimination mean they are more likely to experience mental health disorders than white women. They also have negative experiences of mental health care. Their treatment often involves law enforcement for Black women, with fewer opportunities for talking therapies. Black women are also over four times more likely to be involuntarily detained compared to other racial groups in Britain.
Chief Diversity Officers (CDOs) are nervous their efforts for Diversity, Equity, and Inclusion (DEI) may be diminished or eradicated, leaving them with a more cautious approach, a new study reveals. Political and Legal Challenges to Workplace DEI A new Seramount study, “Keeping DEI Strong in Volatile Times,” highlights the impact of political and legal challenges to DEI in the workplace. Seramount is a workplace research firm serving over half of Fortune 100 companies. Following the killing of George Floyd, companies set pledges to prioritize DEI. Between June and August 2020,
President Joe Biden has signed the first-ever AI Executive Order (EO), establishing new standards for AI safety and security. The EO aims to protect Americans’ privacy, advance equity and civil rights, and stand up for consumers and workers while promoting the US’ position as a leader in AI. This includes making it easier for AI experts and highly skilled professionals from other countries to migrate to the US. Streamlining Immigration for AI experts Included in the EO is a set of directives designed to boost the ability of immigrants with
The Warner Music Group and Blavatnik Family Foundation Social Justice Fund has announced its first set of SJF Repertoire Fund grantee partners in the UK and Ireland. Among the grantees is Generating Genius Black Women Into Tech, a UK-based program supporting Black women studying computer science, mathematics, physics, or engineering subjects interested in pursuing a tech career. The SJF Repertoire Fund The SJF is a $100 million fund established in June 2020 in the wake of George Floyd’s murder. It invests in organizations around the globe that build more just
Return to office (RTO) rewards could cause further exclusion for marginalized and underrepresented groups, a new KPMG survey has found. Return to office rewards KPMG’s 2023 CEO Outlook report included more than 1,300 global CEOs sharing their views on geopolitics, RTO, and AI. The report found that the majority of CEOs (64%) are anticipating a full RTO in three years, with 9 in 10 (87%) saying they are likely to reward employees who make an effort to come into the office. The rewards would include favorable assignments, raises, or promotions.
Fei-Fei Li, the Stanford professor dubbed the “godmother of AI,” recently urged President Biden to aggressively fund more AI research and public projects. Unlike many of her industry peers, Li does not fear AI’s existential risks. Instead, she told Bloomberg it’s better to address the issues right here and right now before they escalate. The ‘godmother’ of AI Fei-Fei Li is a computer scientist, AI Researcher, professor at Stanford University, and Author of “The Worlds I See.” After moving from China to New Jersey at the age of 15, she
