SoftBank is selling its Open Opportunity Fund to its chairman and managing partner, Paul Judge, and Marcelo Claure, who is being appointed the fund’s vice chairman and general partner. The Open Opportunity Fund SoftBank Group is a Japanese multinational investment holding company focusing on investment management. It announced the launch of its second fund under the Opportunity Growth Fund this year, rebranded as the Open Opportunity Fund (OOF). Judge took the reins as chairman of the second fund. Claure, who initially launched OOF, previously served as SoftBank’s COO until 2022
Atlanta’s Black-founded and centered membership club, The Gathering Spot (TGS), and digital banking platform Greenwood are going their separate ways. The Events Leading Up To The Separation Last May, The Gathering Spot was acquired by Greenwood. Over the last year, however, there were reported disputes between the two companies, including reports of a lawsuit filed by TGS co-founders Ryan Wilson and T’Keel Petersen. They alleged that Greenwood co-founder and CEO Ryan Glover, and board member Dr Paul Judge had committed fraud and deception. In July of this year, Glover and Wilson announced they had resolved
“DEI must DIE,” Elon Musk, the world’s wealthiest person, boldly declared in a Twitter/X post on December 15. “The point was to end discrimination, not replace it with different discrimination.” The South African Tesla and Twitter/X owner doubled down the following day, adding, “‘Diversity, Equity and Inclusion’ are propaganda words for racism, sexism and other -isms. This is just as morally wrong as any other racism and sexism.” Who benefits from DEI? Diversity, Equity, and Inclusion initiatives aim to rectify historical and ongoing discrimination by providing equal access and opportunities
In a startling revelation, Barbara Furlow-Smiles, previously renowned for her role as a global diversity strategist at Facebook, has pled guilty to wire fraud charges. Her conviction comes after siphoning over $4 million from the tech giant, purportedly to support an extravagant lifestyle across California and Georgia. Furlow-Smiles, who significantly contributed to Facebook’s Diversity, Equity, and Inclusion (DEI) initiatives between 2017 and mid-2021, orchestrated a complex fraud. The U.S. Attorney’s Office in Atlanta detailed how she exploited her position to funnel funds through fictitious vendors and bogus charges, culminating in
What opportunities are there for shifting power towards the most racially marginalized? In a world as increasingly digitized as ours, there are urgent questions arising about centralized power, corporate accountability, and the impact on individual freedoms. An upcoming research report, “What Does Tech Justice Look Like In The UK?” explores Tech Justice and opportunities to empower the most racially marginalized. The research, funded by Catalyst and supported by the Engine Room, was carried out by a team of British women of global majority descent. Their backgrounds span West and East
Fearless Fund has filed an appeal against a court ruling that temporarily blocked their grant program for Black women entrepreneurs. The ruling came amid an ongoing lawsuit by the American Alliance for Equal Rights (AAER), which alleged the fund’s grant program was racially discriminatory. The Racial Bias Lawsuit Black-woman-owned venture capital fund Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level, or series A financing. The AAER brought a lawsuit against them in August 2023. Notably, AAER founder Edward Blum is the conservative activist behind the Supreme Court’s affirmative
Mother-daughter duo Claudia and London Walker are set to release “The ABCs of Cybersecurity,” an adventure book and mobile game to equip children with the tools needed to navigate the digital world. Meet Claudia Walker Claudia Walker is an educator who paved the way to ensure financial literacy is accessible to children. Before Walker entered the education field, she worked on Wall Street as a financial analyst. Walk then shared her experiences with students about the money capital and attending a Historically Black College and University (HBCU) after noticing many weren’t
Women with dark skin tones are getting more screen time and speaking time in US scripted television, a new study using advanced AI models has revealed. Despite improvements over the past 12 years, the study found that men with light skin tones still get the most screen and speaking time. See It, Be It See It, Be It: What Families Are Seeing on TV is a new study that analyzes trends in the screen and speaking time of the visually presenting attributes of characters. This includes gender, skin tone, and
Nicki Minaj fans, Barbz, have created an AI kingdom, Gag City, ahead of the release of the artist’s Pink Friday 2 album. The impressive pink creations have been trending across social media. Barbz turn to AI Gag City is an AI-generated kingdom created by Barbz. The pink alternative universe’s name is a wordplay for “gagged,” a slang to describe something amazing or stunning. After Nicki shared the cover art on her album – with her standing on a pink subway in a pink-tinted city – fans came up with the
Reshma Saujani has debuted PaidLeave.AI, her GPT-powered chatbot that helps parents navigate all Paid Family Leave options available to them in New York State, maximizing their benefits. Saujani is the founder of Moms First and Girls Who Code, who recently spoke about her concerns surrounding affordable childcare and paid leave in the US. “Applying for paid leave can mean an avalanche of paperwork, bureaucracy, and tons of confusing questions,” Saunjani wrote on LinkedIn. “I’ve lost track of how many times I’ve heard moms say: “I wish I had someone to walk me through this.” According to
