The Hispanic Association on Corporate Responsibility (HACR) and a powerful coalition of allied organizations are set to walk over 240 miles from Capitol Hill to Wall Street to push for greater diversity, equity, and inclusion (DEI) in Corporate America. The “Walk to Wall Street” initiative will begin on September 17, 2024, and culminate in New York City’s financial district on October 11. Call for Corporate Diversity The march, led by HACR President and CEO Cid Wilson, aims to highlight ongoing disparities in representation and inclusion in US businesses. Despite some
Atlanta-based venture capital firm Fearless Fund has permanently closed its Strivers Grant program, which provided $20,000 grants to Black women entrepreneurs. This decision follows a settlement with the American Alliance for Equal Rights (AAER), a group led by conservative activist Edward Blum, the man behind the Supreme Court’s affirmative action ruling. Nevertheless, Fearless Fund remains committed to empowering historically overlooked entrepreneurs and plans to launch a new debt fund to continue supporting those in need of capital. Fearless Fund’s Legal Battle In August 2023, AAER sued Fearless Fund, claiming the
The Congressional Black Caucus (CBC) has called on Fortune 500 companies to reaffirm their commitments to diversity, equity, and inclusion (DEI) initiatives and set clear, measurable goals amid rising challenges to DEI programs nationwide. Holding corporate America accountable The CBC’s first-of-its-kind report aims to hold Fortune 500 companies accountable for their DEI pledges made after George Floyd’s murder in 2020. Titled “What Good Looks Like”: A Corporate Accountability Report on Diversity, Equity, and Inclusion, the report is based on months of meetings with hundreds of executives across different sectors and
Kredete, a Nigerian fintech platform, has raised $2.25 million in seed funding, enhancing its ability to serve African immigrants in the U.S. The funding round, led by Blockchain Founders Fund (BFF), also included investors like Techstars, Tezos Foundation, Polymorphic Capital, among others. Kredete’s mission is to help African immigrants build credit while simplifying remittances, transforming how they send money home. Addressing Financial Barriers for African Immigrants Kredete’s innovative approach has attracted a user base of over 300,000 and processed transactions exceeding $100 million. The platform allows immigrants to send money
In recognition of World Suicide Prevention Day 2024, it’s important to highlight the growing mental health needs within Black communities. Studies show that Black adults are 20% more likely to experience serious mental health issues, such as depression and anxiety, compared to the general population. Despite this, only about 25% of Black individuals seek mental health care, largely due to stigma, cultural barriers, and lack of access to culturally competent providers. In response, several apps and startups are working to close this gap, offering tailored support to meet the mental
Warp, a payroll startup based in New York, has distanced itself from an individual associated with its brand after a series of racist posts on X (formerly Twitter). The controversy began when an account using the name “Vittorio,” who had a Warp affiliate badge, made derogatory comments favoring white superiority. The post, which quickly sparked outrage, read, “I like White people more, they do more… I’ll let Blacks run and play basketball.” The affiliate badge linked to Vittorio’s profile suggested an official connection to Warp, a startup focused on automating
TikTok has announced the formation of its inaugural Sub-Saharan Africa Safety Advisory Council, an initiative aimed at ensuring user safety across the region. This council, the first of its kind for a tech platform in Sub-Saharan Africa, was launched in Nairobi, Kenya. A Regional First for Tech Safety With millions of Africans using the platform for creativity and self-expression, the new council brings together independent experts across various fields, from youth safety to combating hate speech, to help shape policies that maintain TikTok’s reputation as a safe online environment. The
YouTube has announced new AI detection tools designed to protect creators from the unauthorized use of their faces and voices in AI-generated content. Expanding its existing Content ID system, YouTube will introduce tools that can identify when someone’s likeness or voice has been simulated by artificial intelligence, with a particular focus on music and facial simulations. This move comes as AI-generated media continues to rise, posing significant concerns for artists, actors, and musicians who risk their work being used without consent. Tackling Unauthorized Use of AI-Generated Content As AI technology
Myles Garrett, the Cleveland Browns’ defensive end, is investing in Johnson Energy Storage (JES), a company founded by former NASA scientist and National Inventors Hall of Fame inductee Dr. Lonnie Johnson. JES focuses on developing energy storage solutions, particularly a solid-state battery designed to outperform traditional lithium-ion technology. Garrett’s unexpected move into the tech world is driven by a shared vision with JES to innovate and make a long-lasting impact on environmental sustainability. “It’s a privilege to partner with Johnson Energy Storage to support their mission of transforming energy storage,”
Eastside Golf, the lifestyle apparel brand founded by two Morehouse College alumni has launched its debut collaboration with Nike. The highly anticipated footwear collection, part of their fall line titled Everyone’s Game, is another major milestone for the Black-owned brand. Olajuwon Ajanaku and Earl Cooper, both of whom are former members of Morehouse’s golf team are on a mission to inspire diversity within the golf community and reimagine how the sport is represented. Breaking Barriers With Nike Partnership At the heart of the Everyone’s Game collection are two new Eastside
