Toni Townes-Whitley officially became CEO of Science Applications International Corp (SAIC) yesterday, making her one of two Black women currently running a Fortune 500 company. SAIC provides engineering, digital, artificial intelligence and mission solutions across the defence, space, civilian and intelligence markets. In May, the company announced Townes-Whitley would take over from Nazzic Keene, who decided to retire Townes-Whitley joined SAIC on June 12 to ensure a seamless transition as CEO-elect. Keene has become Special Executive Advisor to Townes-Whitley and the company until February 2024. Toni Townes-Whitley – The CEO
October marks Black History Month in the UK, an occasion to recognize and celebrate the contributions of Black people to British society. Black people from African and Caribbean communities have been integral to British history and society for centuries. The UK Black History Month 2023 theme is “Saluting our Sisters”, highlighting Black women’s crucial role in shaping history, inspiring change and building communities. CIO reported that just 0.7% of Black women in the UK work in the IT industry, compared to 1.8% across the UK’s entire workforce. They also found
Corner is a new social media app that turns your memories into recommendations you can share with friends with a personalized social map. The brainchild of Eliza Wu and Jake Xia, Corner aims to move away from the negativity and complaints of traditional review platforms and focus on sharing memorable experiences. Meet the co-founders Wu has an impressive background with a Bachelor’s Degree from the University of Southern California and worked as an Investment Intern during her time there. She became an investment associate at JPMorgan for two years before
BLCK VC, a nonprofit for Black investors, has appointed two-time founder and investor Robert Gordon IV as its CEO. BLCK VC BLCK VC is a nonprofit organization that equips Black investors with the access, education, and community they need to accelerate their venture capital (VC) careers. Typically, Black entrepreneurs receive less than 2% of overall dollars each year in VC funding. Additionally, by the end of 2022, adverse market conditions led to a 36% drop in overall VC dollars, but Black entrepreneurs saw a 45% decrease in the financing. BLCK
A federal court has temporarily blocked Fearless Fund’s grant program for Black women entrepreneurs amid an ongoing lawsuit by the American Alliance for Equal Rights. The decision reverses last week’s ruling by US District Judge Thomas V. Thrash, ultimately denying the conservative group’s allegation that the program was racially discriminatory. The Lawsuit Against Fearless Fund Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level or series A financing. The American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund in August 2023.
The Electronic Privacy Information Center (EPIC) has asked the US Justice Department (DOJ) to investigate the deployment of the ShotSpotter gunfire detection system in Black neighborhoods. The nonprofit raised concerns about the technology being used to justify the over-policing of Black communities. What Is ShotSpotter Gunfire Detection System? ShotSpotter, owned by SoundThinking, a public safety technology company, is a gunshot detection technology. It uses acoustic sensors to detect, locate, and alert law enforcement about illegal gunfire incidents. The digital alerts include a precise location on a map, with corresponding data
Latine communities start more businesses per capita than any other racial group in the United States. Latine or Hispanic-owned businesses also contribute over $800 billion annually to the nation’s economy. However, they often face challenges accessing the capital, resources, and support needed for the businesses to thrive. For example, in 2022, Latine and Hispanic founders received just 1.5% of venture capital funding, a drop from 2.5% the previous year. So, this Hispanic Heritage Month, we have compiled a list of resources to empower Latine tech founders nationwide! Resources For Tech Founders SoftBank
Global payments giant Visa is partnering with the UK government’s Department for Science, Innovation and Technology (DSIT) to co-fund data science and AI scholarships for students from underrepresented backgrounds. The partnership stems from the UK’s National AI Strategy, which set out a vision to strengthen the UK’s position as an AI and science superpower over the coming decade. The Launch of Visa’s AI Scholarships The partnership aims to increase diversity in the technology sector, assisting women, Black students, disabled students, and those from lower socioeconomic backgrounds. Visa said the scheme
A Florida State University researcher has been awarded the largest National Science Foundation (NSF) career grant in the university’s history. The award is one of the NSF’s most prestigious, designed to support early-career faculty who showcase outstanding scholarship through their research and contributions to education. Dr Yolanda Rankin Yolanda Rankin, an associate professor in the School of Information, was awarded a five-year $1.5 million grant to support her research on Black women’s careers in computing. Her approach prioritizes understanding and valuing the perspectives of Black women. Her work delves into
A federal judge in Georgia ruled that Fearless Fund, a venture capital fund for women of color, can continue offering a grant program only to Black women entrepreneurs. On Tuesday, the judge refused to issue an injunction blocking the program after a lawsuit alleged it engaged in “explicit racial exclusion”. The Lawsuit Against Fearless Fund The American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund in August 2023. It targeted the fund’s Fearless Strives Grant Contest, which awards Black women who own small businesses
