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Anguilla, an internally self-governing overseas territory of the UK, is making £3 million ($3.8M) per month from its .ai domain. Anguilla, the British territory in the Caribbean, has fewer than 20,000 people on the island. However, its code top-level domain (ccTLD) is wanted by many for AI startups. “I knew way back that .ai could end up being used for AI, that it could be valuable someday. But it was a question of when right?” Vincent Cate, president at DataHaven.Net Ltd, which handles sales of the .ai domain for the

Rite Aid will be banned from using AI-powered facial recognition technology for five years as it disproportionately impacts people of color. The US pharmacy chain deployed AI-based facial recognition technology from 2012 to 2020 to identify shoplifters. However, the Federal Trade Commission (FTC) filed a complaint against the company. Rite Aid’s Facial Recognition Tech According to the FTC, Rite Aid has used facial recognition technology in hundreds of its retail pharmacy locations to identify patrons previously deemed likely to engage in shoplifting or other criminal behavior. The technology captured images of all

Latimer, the innovative AI platform named after the African-American inventor Lewis Latimer, has taken a significant step towards making generative AI more inclusive and historically accurate. The platform announced an exclusive content license agreement with the New York Amsterdam News, one of the nation’s most influential and oldest continuously published Black newspapers. Historically Accurate Training Data Amsterdam News has been a pioneering force in Black journalism since 1909. The newspaper is also known for its innovative approaches and significant milestones, such as being the first Black newspaper unionized in all departments. 

London-based fintech startup Jenesys AI has secured $1.1 million in a pre-seed funding round. Founded in late 2022 by Nicolai Thomson and Dr Tosin Dairo, Jenesys elevates the role of bookkeepers and accountants with a conversational AI named “Jack”. The investment round was led by Twin Path Ventures, with contributions from Fuel Ventures, Antler, Hatcher+ in Singapore, and seasoned angel investors from the US and UK. Meet Jack: The conversational AI Jenesys AI’s flagship product is “Jack,” a conversational AI designed to support finance teams. Integrated with platforms like Slack

In a startling revelation, Barbara Furlow-Smiles, previously renowned for her role as a global diversity strategist at Facebook, has pled guilty to wire fraud charges. Her conviction comes after siphoning over $4 million from the tech giant, purportedly to support an extravagant lifestyle across California and Georgia. Furlow-Smiles, who significantly contributed to Facebook’s Diversity, Equity, and Inclusion (DEI) initiatives between 2017 and mid-2021, orchestrated a complex fraud. The U.S. Attorney’s Office in Atlanta detailed how she exploited her position to funnel funds through fictitious vendors and bogus charges, culminating in

Twin Health has secured $50 million in funding for its AI-driven personalized healthcare tech that aims to prevent and reverse chronic health diseases like diabetes. Temasek led the Series D funding round with the participation of existing investors ICONIQ Growth, Sofina, Peak XV, and Helena. Twin Health was co-founded in 2018 by Jahangir Mohammed (CEO), also the founder of Jasper and Kineto Wireless, and Terry Poon (CTO). A whole-body digital twin Central to Twin Health’s mission is the Whole Body Digital Twin™ – an innovative, AI-driven healthcare platform that composes

New York-based fintech startup Comun is redefining the bank experience for Latine immigrant communities in the US and reimaging local banking for the digital world. Founded in 2021 by Andres Santos, CEO, and Abiel Gutierrez, CTO, both of whom experienced financial exclusion upon migrating to the US, Comun has secured $9 million in funding to date. Banking Disparities in the Latine Community The Latine population contributes a staggering $3.2 trillion to the US GDP. This makes it the world’s fifth-largest economy, more than the GDPs of India, the UK, and

Ghana’s telco regulator has issued a warning against the sale and operation of Starlink, Elon Musk’s satellite internet service. Starlink has yet to obtain a license or type approval in the West African country, but citizens appear to be purchasing kits through intermediaries. Starlink in Ghana Starlink is an internet satellite constellation operated by American aerospace company SpaceX, providing coverage to over 60 countries. Spearheaded by Elon Musk, Starlink is a network of satellites that promises to provide high-speed, low-cost internet access to remote and underserved areas. Although SpaceX only

Black-owned fintech startup Conduiit has raised $1 million in pre-seed funding to save entertainment companies time and money by centralizing their production finance operations. Disrupting the production finance space Conduiit is the brainchild of former Amazon and Netflix employees Shawn Hamilton, CEO, and Jason Thurman. The New York and New Jersey-based tech company provides users with digital workflows, SaaS, and DaaS solutions. It also offers budgeting, scheduling, cost tracking, and cash flow management guidance at project and corporate levels. Hamilton worked as a production accountant at Amazon from 2015 to 2017 when

Women with dark skin tones are getting more screen time and speaking time in US scripted television, a new study using advanced AI models has revealed. Despite improvements over the past 12 years, the study found that men with light skin tones still get the most screen and speaking time. See It, Be It See It, Be It: What Families Are Seeing on TV is a new study that analyzes trends in the screen and speaking time of the visually presenting attributes of characters. This includes gender, skin tone, and

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