Sam Bankman-Fried, the co-founder and former CEO of the failed crypto exchange FTX, is facing allegations of funding a group with racist ties. As first reported by The Guardian, FTX trustees allege that payments to the group were made with misappropriated funds. FTX and Lightcone FTX trustees allege that Sam Bankman-Fried and other company insiders used nearly $5 million of misappropriated funds to help a nonprofit called Lightcone Infrastructure purchase the historic Rose Garden Inn hotel. The property, now named the Lighthaven Campus, hosts conferences and workshops on the “Tescreal”
A growing trend among America’s largest corporations reveals a shift in how diversity, equity, and inclusion (DEI) metrics influence executive compensation. According to a review of approximately 1,200 companies by Farient Advisors, the proportion of corporations using DEI metrics to set compensation has decreased from 33% to 28% in 2023. High-profile companies like Best Buy Co., Johnson & Johnson (J&J), and Lazard Inc. are among those that have de-emphasized or removed DEI from their executive pay criteria. Conservative Pressure and Corporate Response This shift is partly attributed to conservative activists
UC Davis Health’s new telehealth program aims to address disparities in postpartum care for Black patients and improve maternal outcomes. Bridging the Gap in Postpartum Care Black patients at UC Davis Health and across the nation face significant disparities in postpartum care. These inequities, particularly during the six-week period after birth, contribute to an increased risk of complications and even death for Black people who give birth. To tackle this issue, UC Davis Health has launched a new telehealth program aimed at reducing these disparities and improving maternal outcomes for
Black executives believe that their companies have maintained a strong commitment to Diversity, Equity, and Inclusion (DEI) despite anti-DEI pressure, a survey by The Executive Leadership Council (ELC) has found. The ELC, which aims to increase Black representation in C-Suites and corporate boards, surveyed 180 top Black executives across various sectors. The results showed a strong and resilient commitment among Black executives to DEI in corporate America. DEI Is Linked To Job Satisfaction Despite today’s landscape with anti-DEI, nearly 3 in 4 (72%) Black executives feel their companies’ commitment to
Brazil’s government is hiring OpenAI to speed up the screening and analysis of thousands of lawsuits using AI to avoid costly court losses, according to Reuters. Court-ordered debt payments have consumed a growing share of Brazil’s federal budget. Their government estimated it would spend 70.7 billion reais ($13.2 billion) next year on judicial decisions it can no longer appeal. That figure does not include small-value claims, meaning the combined account of over 100 billion reais represents a sharp increase from 37.3 billion reais in 2015. How Will It Work? The
Pariti, a platform dedicated to creating economic opportunities through entrepreneurship, has partnered with NVIDIA. This collaboration aims to train over 2,000 developers across the African continent in deep learning through the NVIDIA Deep Learning Institute (DLI). Training Over 2,000 Developers in Africa Pariti’s educational series, in partnership with NVIDIA, will leverage the NVIDIA DLI to provide intensive artificial intelligence and machine learning (AI/ML) training to over 2,000 developers. These sessions will cover NVIDIA’s AI/ML stack and culminate in free certification for participants. The initiative primarily targets university students from Kenya,
This Juneteenth, we want to celebrate some Black founders who have set out to uplift and support their communities. Commemorating Juneteenth Juneteenth commemorates June 19, 1865, the day more than 250,000 enslaved Black people in Galveston, Texas, finally learned that slavery had been abolished – two and a half years after the signing of the Emancipation Proclamation. The first Juneteenth was observed in 1866 and has been celebrated by Black Americans ever since. It is often referred to as the country’s second independence day and became an official federal holiday
Terysa Ridgeway, a Tech Program Manager at Google and author of the “Terysa Solves It” book series has launched a new YouTube series aimed at introducing young children to the world of coding. Ridgeway actively engages in educational programs focusing on Science, Technology, Engineering, and Mathematics (STEM). She recently authored a children’s book, “Think Like A Computer,” and created a toy robot, Alilo the Explorer, designed to teach coding to children as young as three. Ridgeway’s new YouTube series continues her commitment to making coding accessible and fun for the
The founder of Canvas Beauty, Stormi Steele, says she has become the first creator to reach $1 million in sales from a live session on TikTok. Canvas Beauty Steele launched Canvas Beauty in 2018 and sold more than one million units in its first year before going viral on Facebook in 2019 with her Canvas Beauty’s hair blossom serum, according to AfroTech. Canvas Beauty then did $20 million in business in 2020, but by 2022, she was virtually broke even and almost losing the business. However, she bounced back in
Dr. Leeja Carter has developed a smart refrigerator device that provides free healthy food items to schools and hospitals. Dr. Carter is the CEO and founder of Coalition for Food and Health Equity (CFHE), which she launched after the pandemic when she recognized an increase in the number of people without food. Dr. Carter now has several programs, including The Ujamaa Cafe and Ujamaa Well, which offer food and wellness innovation with access programs addressing food and health access. The Ujamaa Cafe Fridge Program The Ujamaa Cafe has now expanded
