Former Twitter CEO Parag Agrawal has reportedly raised $30 million in funding for his artificial intelligence startup. Agrawal was the first Indian-origin CEO of Twitter – now X but was ousted from his position following Elon Musk’s $44 billion takeover in 2022. Who is Parag Agrawal? Born in Rajasthan, India, Agrawal immigrated to the US to complete his PhD in computer science at Stanford University. After joining Twitter as a software engineer in 2011, Agrawal worked his way up to the position of Chief Technology Officer for just under a
Black-owned startup Robin AI has raised $26 million in new funding for its next growth and global expansion phase. RobinAI The AI-driven contract editor is the brainchild of former Clifford Chance lawyer Richard Robinson and former machine learning research scientist James Clough. Founded in 2019, Robin AI uses generative AI to automate and speed up the process of drafting and negotiating contracts and extracting information from across entire contract repositories through simple search. The startup trained its machine learning model on data from 4.5 million legal documents with input from in-house lawyers to create
Implementing artificial intelligence (AI) in the workplace could widen the racial wealth gap between Black and white households in the US by $43 billion, research has suggested. McKinsey & Co. stated that generative AI (gen AI) has initiated a seismic shift in work and value creation. When this happens, and a new technology appears, it can create or exacerbate divides, including the racial wealth gap. They explored how many gen AI may affect Black communities and Black workers. A Divide In Black And White Households The research found that new
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.
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
CB Insights released its latest list of the world’s most promising startups, including a number of companies founded by people of color. CB Insights collected the company’s investors, headcount growth, and commercial relationships to identify 345 of the most promising private startups from their database of 1 million companies. The industries include fintech, AI, insurtech, generative AI, and retail tech. We have compiled a list of some people of color-owned startups featured. Airbase – Thejo Kote Thejo Kote founded Airbase in 2017 and has been its CEO since then. Airbase develops a modern
Vennard Wright is reinvesting profits into PerVista, an AI-powered gun detection technology to reduce gun violence. Wright founded Wave Welcome – an IT management company – in 2020 to deliver technology and cybersecurity services that empower dynamic organizations. It makes money from managing internal IT systems of businesses, universities, and government organizations, then invests profits into its own side projects. Wave Welcome is now working on a gun detection tech project, PerVista. Gun Detection Tech PerVista recognizes the increasing importance of digital security and built a solution to consolidate essential
Reshma Saujani has debuted PaidLeave.AI, her GPT-powered chatbot that helps parents navigate all Paid Family Leave options available to them in New York State, maximizing their benefits. Saujani is the founder of Moms First and Girls Who Code, who recently spoke about her concerns surrounding affordable childcare and paid leave in the US. “Applying for paid leave can mean an avalanche of paperwork, bureaucracy, and tons of confusing questions,” Saunjani wrote on LinkedIn. “I’ve lost track of how many times I’ve heard moms say: “I wish I had someone to walk me through this.” According to
Tech company Mozilla has added four members from diverse backgrounds to the board of its parent organization, the Mozilla Foundation. The New Board Members Mozilla’s new board members include Armenian-American Raffi Krikorian, CTO at the Emerson Collective, a social impact firm focusing on education, the environment, immigration, and social justice issues. He is also the former CTO of the Democratic National Committee, where he worked to make technology a focus for the Democrats, ensuring every campaign could have industry-quality technology. Alondra Nelson, professor of social science at the Institute for
