Main Archives - Page 28 of 229 - POCIT. Telling the stories and thoughts of the underrepresented in tech.

Paul Judge And Marcelo Claure Are Raising $200M For Their Open Opportunity Fund For Diverse Startups

After buying SoftBank’s Open Opportunity Fund, Paul Judge and Marcelo Claure have announced plans to raise a $200 million fund. SoftBank Group is a Japanese multinational investment holding company focusing on investment management. Judge and Claure recently acquired the firm’s $100 million Open Opportunity Fund 1, $150 million Fund 2, and the entire portfolio. They initially planned to increase Fund 2 to $200 million, which they are now doing. A New $200M Fund The two are now raising the second Open Opportunity Fund, as they want to replicate the same winning recipe with an eye toward

JusticeText Raises $3M To Support Public Defenders With AI

Two computer science majors, Leslie Jones-Dove and Devshi Mehrotra from the University of Chicago, have raised $3 million for their AI platform, JusticeText. Making the criminal justice system fairer Jones-Dove and Mehrotra developed their idea during a class project that they both worked on during their university years. Following protests after the shooting of 17-year-old Laquan McDonald, the duo decided to interlink their interest in technology and the criminal justice system. “Across the country, there are a number of public defender’s offices where they’re underpaid and overworked,” James-Dove told AfroTech. “It means that they have a

Byron Allen To Appeal Dismissal Of $100M McDonald’s Lawsuit Over Black Media Ad Spend

Byron Allen, the owner of Allen Media Group (AMG), has announced he plans to appeal a judge’s dismissal of his lawsuit against McDonald’s. The Lawsuits Allen first filed a $10 billion federal lawsuit against McDonald’s in 2021, alleging its advertising practices perpetuate racial stereotyping and violate civil rights laws at the federal and state levels. Allen then sued McDonald’s again in 2023, claiming the corporation had lied about its commitment to Black-owned media. In May 2023, Allen’s Entertainment Studios Networks Inc. and Weather Group LLC filed a lawsuit against McDonald’s seeking damages

Black Founders Secure $300K Investment From Shark Tank Billionaires For Their AI Startup, Bot-It

Billionaires Mark Cuban and Michael Rubin agreed to invest $300,000 in Black-owned AI startup Bot-It, on a recent episode of ABC’s Shark Tank. Founded by Maurice Bachelor and Joel Griffith, Bot-It lets users automate online tasks like booking appointments, making restaurant reservations, and even securing concert tickets. Bot-It Bot-It is a new service that introduces web automation to everyday people without requiring any coding or technical skills to set up. Bachelor conceived the idea after seeing a friend struggle with completing an online task, and after searching the internet for

Tesla Removes Reference To ‘Majority-Minority Workforce’ Following Musk’s Anti-DEI Remarks

After Elon Musk’s comments criticizing diversity initiatives, Tesla has removed language about having a majority-minority workforce. Tesla has omitted a line from its latest Securities and Exchange Commission filing. In its 10-K filing last month, a comprehensive report on Tesla’s activities throughout 2023, the company removed a line it used a year ago. The original line read, “With a majority-minority workforce, empowering our employee resource groups to take charge in driving initiatives that attract, develop, and retain our passionate workforce is vital to our continued success.” What Has Musk Said?

Black American Digital Creators To Get To Know This Black History Month

In recognition of this year’s Black History Month theme, African Americans and the Arts, we will explore the intersection of Black arts and tech throughout February. The origins of digital art can be traced back to ideologies present in the first half of the 20th century. While artists were keenly interested in innovations, the rich potential of modern technologies as tools in art only began to be explored as access increased in the 1950s and beyond. Digital art is a term used to describe art that is made or presented

Zoom And Snap Cut DEI Teams Amid Mass Layoffs

Snap and Zoom’s mass layoffs have impacted workers in various roles across the company, Diversity, Equity, and Inclusion (DEI) teams at both tech companies. Snap’s Layoffs Snap, the maker of Snapchat and Bitmoji, has laid off around 500 employees this month. The layoffs were most often conducted over brief video calls. According to Business Insider, engineers, content moderation teams, and a small number of people doing trust and safety work were impacted. This included several people working on a team within HR that helped with internal employee analytics, including surveys

Black Ex-NFL Athletes Land Historic $20M Series A Funding From Google Ventures For Their VR Gaming Company

Black-owned StatusPRO has reached a historic milestone with a $20 million Series A funding round from Google Ventures (GV), making it one of the largest Series A of any VR gaming company. StatusPRO StatusPRO was founded by Andrew “Hawk” Hawkins and Troy Jones, who each had a unique journey that propelled them into the tech space as Black co-founders of a budding startup. Leaning on their experiences as former athletes, the duo wanted to help others better understand what it takes to compete at the highest levels from an athlete’s first point of view. Their vision manifested

Cardi B, Nicki Minaj, 21 Savage Among Artists To Back Bill Regulating AI Voice Clones

Cardi B, 21 Savage, and Nicki Minaj have voiced their support for the No Artificial Intelligence Fake Replicas And Unotherized Duplications (No AI FRAUD) Act. Nearly 300 artists, actors, and performers expressed their support for the bipartisan legislation that would protect against nonconsensual AI voice clones and deepfakes, Billboard reports. No AI FRAUD Act The new bill establishes a federal framework to protect Americans’ right to their likeness and voice against AI-generated fakes and forgeries. It was introduced in the US House on January 10th. Rep. Maria Elvira Salazar introduced the No

Fearless Fund Defends Grant Program For Black Women In US Appeals Court Amid Lawsuit

Fearless Fund has urged a US appeals court to allow its grant program to resume, which awards funding to businesses run by Black women. The Fearless Fund Story To Date The American Alliance for Equal Rights (AAER) attacked Fearless Fund in August 2023 after it claimed the fund’s grant was racially discriminatory. The AAER, founded by Edward Blum, who was behind the Supreme Court’s affirmative action ruling, accused the grant program of violating Section 1081 of the Civil Rights Act of 1886. The US District, Thomas V. Thrash, initially ruled that Fearless Fund

Main

Paul Judge And Marcelo Claure Are Raising $200M For Their Open Opportunity Fund For Diverse Startups

Byron Allen To Appeal Dismissal Of $100M McDonald’s Lawsuit Over Black Media Ad Spend

Black Founders Secure $300K Investment From Shark Tank Billionaires For Their AI Startup, Bot-It

Black American Digital Creators To Get To Know This Black History Month

Black Ex-NFL Athletes Land Historic $20M Series A Funding From Google Ventures For Their VR Gaming Company

Fearless Fund Defends Grant Program For Black Women In US Appeals Court Amid Lawsuit

Follow Us

Weekly Newsletter

Get Hired on POCIT

Trending Company