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El Salvador, the first country to adopt Bitcoin as legal tender, has mined nearly 474 Bitcoins worth approximately $29 million using geothermal energy from the Tecapa volcano, according to Nasdaq. Harnessing Volcanic Power for Bitcoin Mining Since September 2021, El Salvador has been leveraging the geothermal power of the Tecapa volcano to fuel its Bitcoin mining operations.  This initiative, a collaboration with prominent mining firms like Foundry USA, Antpool, ViaBTC, F2Pool, and Binance Pool, taps into the 102 megawatts generated by the state-owned geothermal power plant.  Of this, 1.5 megawatts are

Break Through Tech AI, the largest program of its kind in the U.S., aims to support college students from underrepresented backgrounds into top tech careers. Specifically, the program helps underrepresented groups, including lower-income, Latina and Black women and nonbinary students, gain the skills they need to get jobs in data science, machine learning, and artificial intelligence. Expanding Access to Elite Tech Opportunities Hosted and supported by institutions such as MIT, UCLA, and Cornell Tech, Break Through Tech AI is free and focuses on students from public institutions and historically Black colleges. 

Generative Artificial Intelligence (GenAI) is rapidly becoming a vital tool for U.S. microbusinesses, particularly among Black owners who are adopting these technologies at impressive rates.  According to GoDaddy’s Venture Forward 2024 survey, approximately 50% of microbusiness operators have experimented with GenAI tools recently.  This statistic is even more significant among young and Black microbusiness owners, who are 50% more likely to leverage GenAI compared to their white counterparts. A Tool for Leveling the Playing Field The Venture Forward survey highlights that 44% of micro businesses see GenAI as a game-changer, allowing

British legal tech company Definely has raised a $7 million (£5.6 million) Series A investment round to advance its GenAI proposition that helps draft, edit, and understand legal documents. Last year, the Microsoft- and Google-backed company released Vault. This tool leverages AI and OCR technology to analyze and extract key information and clauses from an organization’s internal contract repository. Vault then makes this information readily available to users directly within their documents, exactly when and where it’s needed. One Of The 50 Fastest-Growing Tech Companies In The UK Founded by two former

Backpack Healthcare, an online pediatric mental healthcare provider, has announced a $14 million Series A funding round. Backpack Healthcare Backpack Healthcare, formerly Youme Healthcare, is a tech company that offers an app and teletherapy services designed to provide accessible and inclusive mental health support for young individuals. Led by founder and CEO Hafeezah Muhammad, Backpack Healthcare aims to make a positive impact on the lives of children and adolescents struggling with mental health challenges. With studies finding that 1 in 6 children have a mental, emotional or behavioural health disorder, along with more than

Black-owned music tech startup AudioStrip has won grant funding from the British government’s ‘AI in the Music Industry‘ Innovate UK fund. AudioStrip AudioStrip is a free online tool musicians use to split vocals from the backing music in audio files. It uses AI and Deep Learning, trained on large music datasets, to give users the best results and allow them to separate music quickly. The website uses the music source separation results from research.  It is intended to make the AI models easier to use for musicians without requiring them to have

Professor Rose-Margaret Ekeng-Itua has become the world’s first Black woman to hold a PhD in Cybernetics, according to The Citizen. A PhD In Cybernetics Ekeng-Itua earned a degree in Cybernetics from the University of Reading in the UK under the supervision of her first PhD supervisor, Prof. Kevin Warwick, also known as Captain Cyborg. Cybernetics is the science of how information is communicated in machines and pieces of electronic equipment, compared with how information is communicated in the brain and nervous system. “Every challenge became fuel for my determination,” she said in an

Nigeria has launched its first multilingual Large Language Model (LLM), announced Minister Bosun Tijani of the Ministry of Communications, Innovation, and Digital Economy.  The initiative took place following a comprehensive four-day AI workshop in Abuja. The multilingual LLM is developed with local AI firm Awarritech, global tech entity DataDotOrg, the National Information Technology Development Agency (NITDA), and the National Centre for AI and Robotics (NCAIR). Capitalizing on a Growing Market With predictions from Statista that the AI market could reach $890 millon in 2024 and expand to $8.75 billion by 2030, Nigeria’s investment

African tech startup Kubik has announced a $5.2 million seed funding round, making it the first Ethiopian company to raise a multi-million dollar investment in climate and sustainability solutions. Ethiopia’s First Company To Raise Multi-Million Climate Investment Kubik, named the Global Startup of the Year 2023, is an environmental company that uses tech to help countries reduce their carbon and plastic footprint. They turn hard-to-recycle plastic waste into low-cost, low-carbon, interlocking building material by removing environmental waste and creating ultra-durable, safe, affordable buildings. They are on a mission to build dignity through clean and affordable

Gwinnett County commissioners have recently approved launching the county’s first Black-owned pilot school, the Lookup Flight Academy. This initiative, led by Michael Ojo, aims to empower a new generation of aviators with the skills and knowledge needed for careers in aviation.  Ojo’s passion for flying sparked nearly a decade ago, and his vision for the Lookup Flight Academy is about getting more minorities into aviation while helping them build careers as pilots. Addressing Underrepresentation in Aviation The Lookup Flight Academy, set to operate at the Gwinnett County Airport, aims to address

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