Leap Financial, a financial services tech company focused on Hispanic and Latin Americans, has launched Lola AI. The new AI assistant coaches recently arrived immigrants to the US, helping them fully integrate. Leap Financial The 2022 Census estimated more than 46 million immigrants live in the US, comprising about 13.9% of the population. Almost 80% of America’s unicorn companies have an immigrant founder or an immigrant in a crucial leadership role, such as CEO. Leap Financial is a team of engineers, designers, and software developers who create and launch innovative
A Black family designed the web series Gracie’s Corner to provide engaging and educational information to Black children through entertainment and music. In a recent interview with The Dig, they shared why they aren’t worried about the impact of AI and children’s education. Culturally Relevant Digital Education A report found that young Black students had increasingly reported their feelings of unwantedness in their academic spaces and the toll of energy they must exert to feel safe in these spaces. In 2020, with the onset of the COVID-19 pandemic and the
Tech Spark AI has raised $1.4 million to create a new generative AI platform, Spark Plug, which aims to create a more inclusive, personalized educational experience for students. The pre-seed funding round was led by TD Bank, with participation from Salesforce, Canada’s government, and NBA Canada. An educational ChatGPT alternative Tamar Huggins and her 13-year-old daughter Talia Grant founded the AI company eight years ago to improve the education experience of Black and brown students across North America. Tech Spark is Canada’s first tech and design school committed to empowering
Affordable childcare may be more important than developments in AI for American innovation, says Reshma Saujani, founder of Moms First and Girls Who Code. Saujani spoke about her concerns about affordable childcare in light of emergency federal support for US childcare coming to an end. Emergency Federal Childcare Funding Expires The childcare funding expired on September 30, leaving as many as 70,000 childcare centers at risk of closing, with as many as 3.2 million children losing their spots. The funding stemmed from the American Rescue Plan Act (ARPA), the $1.9
Taiwanese American model Sheeren Wu has alleged that a fashion designer uploaded an AI-altered image of her to make her appear white. What Happened? Wu took to TikTok to explain the incident as Michael Costello, a designer who has worked with Beyonce, Jennifer Lopez, and Celine Dion, posted a photo of her to his Instagram. The image was from a recent LA fashion show, where she states she walked for Costello. However, Wu explained that although it was the black ballgown she walked the runway in, her face had been
A survey conducted by Charter Works found that 53% of Black respondents are afraid of being replaced by AI in comparison to 39% of white respondents. The survey detailed the many possible futures for the technology, including how it can augment workers, displace workers, change the vast majority of jobs, and perpetuate biases. It can also have positives, such as identifying and removing biases, decreasing economic inequality, and being a coach for employees. Currently, one-third of organizations are applying AI across several business units, and 83% of companies consider using
The Colorado Division of Insurance (CDI) has adopted a new regulation to prevent life insurers that rely on models and ECDIS from engaging in race-based discrimination. Life insurance regulators have been grappling for several years with the potential risks and benefits of insurers using AI and the significant external data sources utilized by AI in underwriting. The technology used raises regulatory questions, including concerns that its use could cause unfair discrimination. Several insurance regulators have also expressed concern that external data sources used by AI and other algorithms could contribute
President Joe Biden has signed the first-ever AI Executive Order (EO), establishing new standards for AI safety and security. The EO aims to protect Americans’ privacy, advance equity and civil rights, and stand up for consumers and workers while promoting the US’ position as a leader in AI. This includes making it easier for AI experts and highly skilled professionals from other countries to migrate to the US. Streamlining Immigration for AI experts Included in the EO is a set of directives designed to boost the ability of immigrants with
Fei-Fei Li, the Stanford professor dubbed the “godmother of AI,” recently urged President Biden to aggressively fund more AI research and public projects. Unlike many of her industry peers, Li does not fear AI’s existential risks. Instead, she told Bloomberg it’s better to address the issues right here and right now before they escalate. The ‘godmother’ of AI Fei-Fei Li is a computer scientist, AI Researcher, professor at Stanford University, and Author of “The Worlds I See.” After moving from China to New Jersey at the age of 15, she
Some of the most high-profile AI chatbots generate responses that perpetuate false or debunked medical information about Black people, a new study has found. While large language models (LLMs) are being integrated into healthcare systems, these models may advance harmful, inaccurate race-based medicine. Perpetuating debunked race myths A study by some Stanford School of Medicine doctors assessed whether four AI chatbots responded with race-based medicine or misconceptions around race. They looked at OpenAI’s ChatGPT, OpenAI’s GPT-4, Google’s Bard, and Anthropic’s Claude. All four models used debunked race-based information when asked
