Women’s History Month 2024 shines a spotlight on ‘Champions of Change,’ celebrating women who advocate for equity, diversity, and inclusion (EDI). This month-long observance in March honors the role of women in American history and acknowledges their ongoing efforts to create a more equitable world. This year’s theme particularly resonates with the tech industry, where women, especially Black women, are significantly underrepresented, undermined, and excluded. In this context, we have spotlighted some Black women in tech whose startups are breaking barriers, building bridges, and making the world a more equitable place. Laura Weidman Powers – Code2040
Uber Technologies Inc. has officially led a $100 million Series B funding round for Moove, an African mobility fintech company. This investment propels Moove’s valuation to an impressive $750 million and marks Uber’s first foray into African continent investment. Moove Founded in Lagos in 2020 by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove has revolutionized vehicle financing. It operates with a business model that provides access to vehicle ownership for mobility entrepreneurs who traditionally face barriers in accessing financing. Moove’s model allows drivers to own vehicles by paying a portion of their weekly income, which
Nearly 9 in 10 (87%) firms in the UK now prioritize Diversity, Equity, and Inclusion (DEI), a new report claims, with AI tools playing a significant role in this transformation. The findings come from a recent Workday survey, Global Blueprint for Belonging and Diversity, with views from CEOs and leaders in HR, IT, and finance. Can AI Support DEI Programs? The report found that overall, having the right technology stack is essential and can be critical in enabling DEI. In particular, it was found that there is a significant correlation between AI adoption and effective
Tech companies are now offering AI-powered therapy services designed to meet the specific needs of Black individuals. The Black Female Therapist The “Black Female Therapist” (BFT), a novel AI chatbot, is part of this approach from tech companies providing accessible and tailored mental health support. BFT, developed by Youper, leverages advanced algorithms and natural language processing to offer culturally sensitive advice and empathetic responses. According to Refinery29, the chatbot addresses the emotional challenges faced by Black individuals, including systemic barriers and the need for spaces where they feel seen and
Lagos-based blockchain payments startup Zone has raised $8.5 million in an oversubscribed seed funding round. Nigerian Startup Zone Zone’s fundraising success is part of a growing trend in Africa’s fintech sector, which has recently seen companies like Cleva and Zuvy secure significant investments. Founded in 2008 by Emeka Emetarom, Obi Emetarom, and Wale Onawunmi in Lagos, Nigeria, Zone positions itself as Africa’s first regulated payment blockchain network. Its blockchain-based decentralized payment infrastructure caters to financial service providers across the continent and beyond. The startup has collaborated with over 15 of Africa’s top banks and fintech companies,
NASA has announced the first winners of its Space Tech Catalyst prize, which aims to engage more underrepresented and diverse individuals in space tech. The initiative is part of NASA’s broader commitment to fostering a more inclusive environment. Each Space Tech Catalyst prize winner receives $25,000 to contribute to creating a more inclusive space technology ecosystem. “As NASA continues to explore the unknown, making the impossible possible, we are committed to engaging talents from all backgrounds to advance exploration,” said Shahra Lambert, NASA’s senior advisor for engagement, in a press statement.
Nigeria, Africa’s top cryptocurrency market, is in a major dispute with Binance, one of the biggest names in the crypto world. Nigeria’s government has intensified its crackdown on unregulated crypto activities, resulting in a serious impasse following escalating tensions between Binance and the government. Binance is one of the world’s largest cryptocurrency exchanges. Nigeria cracks down on crypto Nigeria is currently grappling with a debilitating economic crisis, with inflation soaring to nearly 30%. The Nigerian government has turned its attention to cryptocurrency in an attempt to stabilize its currency, the naira (NGN). The
Idris Elba, renowned British actor and DJ, is steering his creative process towards building a “smart eco-city” on Sherbro Island, off Sierra Leone’s coast. Elba’s Plans According to CNN, Elba, a Sierra Leonean citizen, focuses on blending technological innovation and environmental consciousness in this project. The initiative, in collaboration with Sherbro Alliance Partners and the Sierra Leone government, is an investment venture and a heartening return to his roots, as Elba’s father hailed from Sierra Leone. Sherbro Island, approximately the size of Chicago and historically significant in the slave trade
Usher’s New Look (UNL) and IBM have embarked on a groundbreaking collaboration to foster career readiness in AI and professional workplace skills. UNL is a 501c3 organization founded by Usher Raymond IV in 1999 that supports a vision that all youth should be afforded the chance to unlock their full potential. Transforming under-resourced youth IBM SkillsBuild is a free education program focused on underrepresented communities in tech. The partnership with UNL is set to transform the lives of thousands of high school and college students, especially those from underrepresented communities in technology. “Joining
Recent research has raised alarming concerns about covert racism in AI language models. Experts from the Allen Institute for AI, the University of Oxford, Stanford University, LMU Munich, and the University of Chicago conducted the study. It revealed that these models, including GPT4, manifest bias against African American Vernacular English (AAE) speakers. This troubling revelation brings to light how AI can perpetuate racial stereotypes, leading to unfair and discriminatory outcomes. What Did The Study Find? The study, co-authored by Valentin Hofmann, Pratyusha Ria Kalluri, Dan Jurafsky, and Sharese King, found
