Altro, a leading credit-building and financial literacy platform, has raised $4 million in a strategic funding round, gaining support from figures such as Tinashe, Quavo, Marshawn Lynch, and Chris Paul. Altro Founded in 2019 by Michael Broughton and initially known as Perch, Altro has been instrumental in helping users enhance their credit scores. It ingeniously integrates everyday payments and subscriptions into its credit-building mechanism, including Netflix, Spotify, Amazon Prime, and Starz. Beyond this, Altro extends educational resources to all its members, even those with a baseline free membership. These resources encompass Altro’s Convo, featuring short
Tennis star Venus Williams has brought her design talents to Palazzo, a generative AI-based interior design platform bridging the gap between design and personalization. The service, co-founded by Williams, Raffi Holzer, and Edward Lando, allows users to reimagine their living spaces with the help of advanced technology. Palazzo Palazzo introduces a new approach to interior design, blending the ease of technology with design expertise. Users can upload photos of their rooms and, through a conversation with an AI chatbot, witness a convincing transformation of their space. Palazzo, currently in beta, holds vast
In the run-up to the 2024 US presidential election, an alarming trend has emerged as supporters of former President Donald Trump are creating AI-generated fake images of Black voters. What Is Happening? This tactic is seen as a sophisticated effort to sway African American support towards the Republican party. BBC Panorama’s investigation uncovered numerous deepfakes portraying Black individuals as Trump supporters. While there’s no direct link to Trump’s campaign, these images feed into a narrative of Trump’s popularity within the Black community. “There have been documented attempts to target disinformation
Gerald Black, an acclaimed figure in the African tech ecosystem, has recently been appointed as a Partner at Black Ops and is launching a new initiative: Black Ops Catalyst. This marks a step in Black Ops’ mission to extend its influence across Africa’s tech landscape, emphasizing the importance of operators in shaping and scaling successful ventures. Meet Gerald Black With over a decade of experience as a founder and operator and a background in computer engineering, Gerald is no stranger to the tech world. His journey has seen him navigate the challenges of
The Congressional Black Caucus (CBC) is leading a significant initiative to ensure diversity, equity, and inclusion (DEI) remain central as AI technology evolves. CBC Chairman Steven Horsford, D-Nev., and Rep. Yvette Clarke, D-N.Y., announced the launch of an artificial intelligence policy series in a recent virtual press conference. The AI Policy Series The series aims to shield Black Americans from potential injustices arising from AI systems. Recognizing the influence of AI technologies, Horsford emphasized Congress’ responsibility to lead the way in understanding and shaping trends that profoundly affect their constituents’ lives and livelihoods. Clarke told reporters, “True innovation
UK-based Black woman-founded digital health startup SökerData, has been awarded a share of a £6.2 million ($7.8 million) grant from Innovate UK. SökerData Research has found that people of European genetic ancestry represent a disproportionate 80% of participants in genome-wide association studies (GWAS). By contrast, only 2% of participants have African genetic ancestry. This imbalance has profound implications, especially in diseases like breast cancer, where outcomes vary significantly across ethnicities. SökerData’s project focuses on building a diverse biomarker database, a critical resource in the realm of medical research. Biomarkers are
Black Tech Nation Ventures (BTN.vc), a venture firm based in Pittsburgh, has announced the final close of a $50 million inaugural fund. BTN.vc This fund specifically targets software startups led by founders from traditionally underrepresented backgrounds, including Black, Latinx, Indigenous, female, and LGBTQ+ entrepreneurs. BTN.vc’s founding in 2020 resulted from a collaboration between three serial entrepreneurs, Kelauni Jasmyn, David Motley, and Seán Sebastian. The focus addresses the long-standing issue of inequity in funding and anticipates significant returns within the venture industry. “We set up BTN.vc to equip and train a
In honor of this year’s Black History Month theme, “African Americans and the Arts,” we are exploring the intersection of the Black arts and tech. We have curated a listicle of films that showcase how Black innovators have merged their artistic vision with technological processes. From the untold stories of African-American mathematicians in NASA to the futuristic visions of Afrofuturism, these films span a broad spectrum, reflecting the diversity and richness of Black contributions to technology. Hidden Figures This film tells the true story of three African American women working at
Chaymeriyia Moncrief, an Alabama native, has made a mark in the tech industry as the first Black woman to own a smart glasses brand. NSPRE Two years after founding Tesix Wireless Network, a millennial-focused wireless carrier., Moncrief launched NSPRE to ”inspire the culture through social technology“. From its inception in 2020, the brand swiftly progressed, raising $1.5 million in funding during its launch year. In June 2021, NSPRE established its headquarters in Alabama, reinforcing its foundation. NSPRE’s flagship product, the Smart Glasses, aims to represent a leap into the future of
John Henry, a 31-year-old Dominican-American entrepreneur, is revolutionizing the auto insurance market with his innovative company, LOOP. The B Corp car insurance firm uses predictive models and real-time driving data to create more equitable rates, particularly for underserved communities. LOOP Established in 2020, LOOP has made remarkable strides in a short period. By 2023, the company boasted over 10,000 members and reported $26.7 million in Direct Written Premiums, reflecting a staggering 230% growth yearly. This success has been marked by over $30 million in venture capital from notable investors like
