The John S. and James L. Knight Foundation has awarded $19.8 million to 12 projects across Detroit. One of the recipients of the grant is Black Tech Saturdays, as reported by the Detroit Free Press. Black Tech Saturdays allows creatives and tech enthusiasts to learn, innovate, and collaborate. The group will receive $2 million to scale Detroit’s equity-focused tech economy by connecting residents with high-growth jobs and entrepreneurial opportunities. The funding will also expand digital infrastructure, support community events, amplify storytelling, and help unlock $10 million in income opportunities. The
Lion Forge Entertainment, the Black-owned studio behind a growing slate of diverse film and TV projects, has secured a $30 million in a funding round led by HarbourView Equity Partners, as first reported by Bloomberg. The Los Angeles–based studio, founded by David Steward II, son of billionaire tech entrepreneur David Steward, will use the capital to scale up production and expand its pipeline of original content. The Steward family, with an estimated net worth of about $8.7 billion, also invested and remain majority owners. Lion Forge develops and produces live-action and
A new social media platform designed for the Black community is set to launch. Byio – short for By Invite Only- is the first-ever SaaS, AI-forward social platform founded and owned by Black women, according to a press release. Byio is designed to build community. “Unlike traditional platforms that alienate and mistreat certain demographics, Byio is everything that all the others are not and can never be, because we prioritize authentic interactions, privacy, and user control,” it says on their website. A social media platform for and by Black women
ICE has recently spent approximately $4 million on facial recognition technology to investigate individuals it believes have harmed law enforcement officers, according to procurement records obtained by 404 Media. The records suggest that ICE is purchasing the technology to identify people who might assault the agency’s officers as they continue the Trump administration’s mass deportation efforts. Continuous claims from authorities state that members of the public have assaulted or attacked ICE or immigration enforcement officers. But charges related to these claims have been dropped or lowered when it was highlighted
Iwnetim Abatek, an Ethiopian entrepreneur and assistant professor at MIT in the Department of Materials Science and Engineering, has been named to the MIT 35 Innovators Under 35 list. The annual list, published by MIT Technology Review, celebrates the world’s most promising young creators in science and technology. Abatek’s research focuses on sodium-ion batteries, a potentially cheaper alternative to lithium-based power for electric vehicles and grids. He’s also exploring ways to use underground heat and pressure to produce ammonia, a key fertilizer ingredient and potential green fuel, according to MIT
ICE will have access to Israeli-made spyware that can hack into any phone and view encrypted messages. The Department of Homeland Security first entered into a contract with Paragon Solutions in 2024. But the Biden Administration put the $2 million deal on pause as it faced compliance reviews related to privacy and security concerns. The Guardian reports that the pause has now been lifted, allowing ICE to have access to the tool. Paragon’s Graphite software will enable agencies to infiltrate smartphones, access encrypted applications such as WhatsApp, extract data, and
Gilbert Family Foundation announced that it will grant over $4 million to Black Leaders Detroit (BLD) and the Michigan Black Business Alliance (MBBA). The announcement made during Black Business Month detailed that the capital will be allocated towards several programs for Detroit business owners, including increasing access to capital, technical assistance, business coaching, and more. “These investments will ensure Detroit developers, entrepreneurs, and small businesses have the resources and opportunities needed to shape the future of our city and state,” Darnell Adams, Vice President of Detroit Community Initiatives, Gilbert Family
Black Tech Street (BTS) is bringing transformative AI innovation education to Tulsa’s Historic Greenwood District with the help of microchip maker NVIDIA. The partnership aims to help Tulsa become a national model for tech-driven economic empowerment and community advancement. NVIDIA, the world’s most valuable company, will collaborate with the organization to lead efforts in integrating cutting-edge technologies, according to The Black Wall Street Times. “NVIDIA is powering the AI revolution—likely the most impactful leap in human history,” Tyrance Billingsley II, founder and CEO of Black Tech Street, said. “To have
The temporary surge in funding for Black startup founders after George Floyd’s murder was driven largely by investors who had never previously backed a Black entrepreneur, and most showed only surface-level support, new research from Cornell University shows. Funding returned to prior levels within two years. Cornell researchers analyzed PitchBook data on venture funding from 2020 to 2023, using algorithms and manual review to classify the race of 150,000 founders and 30,000 investors. Surge in funding in the wake of Black Lives Matter The researchers found that at the height
Civil rights and privacy advocates are demanding an investigation into the New York Police Department’s (NYPD) use of facial recognition technology after it led to a Brooklyn father’s wrongful arrest, as first reported by The New York Times. The Legal Aid Society is now calling for a formal investigation, accusing the NYPD of violating its own policies around the use of facial recognition. Human rights organizations are also renewing calls for a complete ban on the technology. Brooklyn Father Wrongfully Arrested Trevis Williams, 36, was arrested in April after NYPD
