Félix Pago, a fast-growing fintech startup, has recently raised $15.5 million in a Series A funding round to enhance its services across Latin America and the US, according to TechCrunch. Revolutionizing Remittances With WhatsApp Félix Pago’s approach leverages WhatsApp as its main interface, with a chatbot that makes it simple to send and receive cross-border money transfers, even with a voice message. This choice is strategic, given WhatsApp’s extensive regional user base. Users in the US initiate transactions via the WhatsApp chatbot, completing the final step by securely entering debit
Meta recently announced the formation of an AI advisory council, made up entirely of white men, sparking backlash amid the discourse around diversity and inclusion in the tech industry. The Composition And Role Of The AI Council This AI advisory council is distinct from Meta’s board of directors and its Oversight Board, which have more diverse gender and racial representation. Unlike these bodies, the AI council was not elected by shareholders and held no fiduciary duty. Meta told Bloomberg that the council would provide “insights and recommendations on technological advancements,
OpenAI’s ChatGPT chatbot shows racial bias when advising home buyers and renters, Massachusetts Institute of Technology (MIT) research has found. Today’s housing policies are shaped by a long history of discrimination from the government, banks, and private citizens. This history has created racial disparities in credit scores, access to mortgages and rentals, eviction rates, and persistent segregation in US cities. If widely used for housing recommendations, AI models that demonstrate racial bias could potentially worsen residential segregation in these cities. Racially biased housing advice Researcher Eric Liu from MIT examined
Brand new Techish! Hosts Abadesi and Michael dive into: Weaponized incompetence harms DEI Reflections on getting older Companies outsourcing jobs overseas Tips for new B2B founders Listen on Spotify or Apple podcast also. Watch On YouTube
Apple Inc. has appointed Cynthia Bowman as its new Vice President of Inclusion and Diversity. Bowman, a seasoned banking executive, succeeds Barbara Whye, marking the fourth executive to hold this position in recent years. Cynthia Bowman: Bank of America Veteran Cynthia Bowman, who previously served as Chief Diversity, Inclusion, and Social Responsibility Officer at Bank of America Corp., joins Apple following a 17-year tenure with the bank. “We are excited that Cynthia Bowman will serve as Apple’s next Vice President of Inclusion and Diversity,” an Apple spokesperson said in a
Sponsored by Karat Brilliant Black Minds. I’ve been to a lot of conferences in my 22+ year career as a software engineer and career coach, but it took a bit of experience to figure out which ones were good for me and how to get an outsized return on my investment. When done right, the best conferences are where you can learn cutting-edge skills, make connections that can change your career, and find incredible new opportunities. Here’s how to make the most of them. Why go to tech conferences? We
Colorado has become the first state in the US to enact comprehensive legislation regulating AI use in critical areas like employment, healthcare, and housing. From February 2026, affected businesses must provide information about their AI use and take “reasonable care” to protect citizens from algorithmic discrimination. “Laws that seek to prevent discrimination generally focus on prohibiting intentional discriminatory conduct,” said Governor Jared Polis, who signed Senate Bill 24-205 (SB205) on May 17, 2024. “Notably, this bill deviates from that practice by regulating the results of AI system use, regardless of intent.” Addressing Algorithmic Discrimination SB205
Brand new Techish! Hosts Abadesi and Michael dive into: Starbucks and Apple are in their flop era Women on Bumble no longer have to make the first move Bank of America employees to strike following death from overwork The decline of the UK Listen on Spotify or Apple podcast also. Watch On YouTube
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against SoLo Funds, an online lending platform, over its lending practices. According to the CFPB, SoLo Funds used deceptive tactics to ensure almost every borrower paid hidden fees despite advertising zero-cost loans. Misleading Tactics and Hidden Fees SoLo Funds markets itself as a consumer-friendly alternative to high-cost, short-term loans. However, the CFPB alleges that SoLo’s practice of requesting borrowers pay “tips” and “donations” hides the actual cost of their loans. The lawsuit alleges that from March 2018 through December 2022, SoLo received
Donna Summer’s estate has reached a settlement with Kanye “Ye” West and Ty Dolla $ign over claims that they unlawfully used Summer’s classic hit “I Feel Love.” According to Rolling Stone, the settlement comes after the estate accused the artists of “blatant theft” in their song “Good (Don’t Die)” from the album Vultures 1. Legal Battle and Settlement The lawsuit, filed in February by Summer’s estate, alleged that West and Ty Dolla $ign, whose legal name is Tyrone Griffin Jr., copied significant portions of Summer’s iconic track without permission. The legal complaint detailed
