Filmmaker and entrepreneur Tyler Perry recently halted an $800 million expansion of his Atlanta-based studio due to the advancements in AI. Perry’s pause on expanding his 330-acre studio, which would have added 12 soundstages, underscores the disruptive potential of AI in the entertainment industry. AI’s Capabilities During an interview with The Hollywood Reporter, Perry expressed his awe at OpenAI’s Sora’s capabilities in particular. Sora can generate vivid and complex video scenes merely from text descriptions, potentially eliminating the need for location shooting or set building. “Being told it can do
Joe Cecala and Dwain J. Kyles are launching The Dream Exchange, which is set to become the first Black-owned stock exchange in the United States. Dr. Martin Luther King Jr’s Influence The two, influenced by the civil rights movement and drawing inspiration from Dr. Martin Luther King Jr., aim to bridge the gap between Main Street and Wall Street, creating a more inclusive financial marketplace. “What he [Dr. King] began to understand in the later years of his life [is] that you were not going to achieve equality anywhere in
Black-owned startup The SMART Tire Company (STC) is calling on Black celebrities, investors, and engineers to help disrupt the global tire market industry at $300 billion. SMART tires: TIME’s Best Inventions STC is best known for its space-age tires, which are changing the way vehicles perform on and off the road. The tires were initially designed for NASA’s Mars Rover program, but STC was founded to commercialize this advanced tire technology as part of the FedTech NASA Startup Program. The company’s inaugural product is a high-performance, airless bicycle tire made
Google’s latest AI tool, Gemini, designed to create diverse images, has been temporarily stopped after sparking controversy over its depiction of historical figures. AI Tool Gemini Gemini was made to create realistic images based on users’ descriptions in a similar manner to OpenAI’s ChatGPT. Like other models, it is trained not to respond to dangerous or hateful prompts and to introduce diversity into its outputs. However, users reported that Gemini, in its attempt to avoid racial bias, often generated images with historically inaccurate representations of gender and ethnicity. For example,
The estate of Donna Summer, the legendary Queen of Disco, has accused rapper Kanye “Ye” West of copyright infringement amid AI concerns. Allegations Against West This accusation centers around a song from West’s recent collaborative album with Ty Dolla $ign, “Vultures 1.” The estate claims that West sought permission to use Summer’s iconic track “I Feel Love” but was denied. Despite this, the album’s song “Good (Don’t Die)” features lyrics and melodies eerily reminiscent of Summer’s classic. The song includes the lyric, “Oh, I’m alive, I’m alive, I’m alive, oh,” along with
Rise Up Crowdfunding has collaborated with The Coca-Cola Company to transform funding for women and minority-owned companies. Rise Up Crowdfunding, a FINRA and SEC registered funding portal, is on a mission to enable people to invest in diverse-owned small businesses and the future those businesses believe in. The Collaboration With Coca-Cola Company In collaboration with The Coca-Cola Company, the platform is giving women and minority-owned companies the chance to now raise up to $5 million through equity crowdfunding. “Although women and minority-led startups are launching daily, women receive less than
LGBTQ History Month is an annual month-long observance of the community and related civil rights movements, founded in 1994. To celebrate the achievements of Black LGBTQ+ individuals in the tech industry, we are highlighting some figures who have used their platforms to advocate for diversity, equality, and social change. Mia Cooley Cooley’s creation of xHood marks a significant contribution to the Black queer community. xHood is the first organization dedicated to supporting Black queer family building and nurturing journeys. The platform offers various resources, including forums, virtual baby showers, and
Black-owned London-based startup Koalaa has recently closed a significant funding round of $1.2 million (£925,000) for its world-first soft prosthetic arms. Koalaa Established in 2020 by Imperial College alumnus Nate Macabuag, Koalaa has been dedicated to addressing three critical challenges faced by the limb difference community worldwide. These are access, affordability, and comfort, with their creations crafted from breathable fabric, offering a lightweight alternative to conventional prosthetics. Macabuag was named as part of the Forbes’ 30 Under 30 Europe Class of 2021. His design through Koalaa has proven to especially
Uncle Nearest, the top-selling Black-owned spirits brand globally, is close to reaching unicorn status with a valuation nearing $900 million. Uncle Nearest Premium Whiskey Black and woman-owned distillery Uncle Nearest Premium Whiskey was launched in 2016 by Fawn Weaver and has quickly ascended to global recognition. Uncle Nearest’s rise is a tribute to Nearest Green, the first-known African American master distiller, and to the resilience and vision of its founder. Fawn Weaver navigated the brand through an industry where only 0.48% of all venture dollars went to Black founders last year.
Actress, author, and entrepreneur Malinda Williams has launched the ESTEAM Project for women at Historically Black Colleges and Universities (HBCUs). The coding bootcamp emerges from her Arise And Shine Foundation Inc., a 501(c)(3) organization dedicated to empowering women from diverse backgrounds. “As a professional actress and someone who has experienced first-hand the support of my community, I understand the value of collaboration and paying it forward,” said Williams in a press release. “The Arise and Shine Foundation exists to empower women to reach their goals, and coding is a powerful
