Kapor Foundation, Omidyar Network, and San Francisco Foundation have announced an investment of $25 million to help fund organizations focused on centering equity in the advancement of AI. The joint commitment will help fund organizations across different sectors at the inaugural Joint California Summit on Generative AI. The fund is in response to Governor Newsom’s Executive Order N-12-23, signed in September 2023, which will study the development, use, and risks of AI technologies. The $25M Investment The initial $25 million investment aims to drive immediate action and build momentum within
The Plug and Omidyar Network have partnered to introduce The Black Tech Effect Report, the first of its kind to measure the social impact of high-growth, Black-led tech companies worldwide. What is The Black Tech Effect Report? Traditional analysis platforms have overlooked black tech founders for decades. As a result, the off-the-mark analysis has created a false narrative around the progression of Black-led tech companies. To redefine how we view Black success, The Plug and Omidyar Network have created a report that measures social impact instead of the ‘number of
Omidyar Network has announced the launch of The Tech We Want program which aims to help build community, infrastructure, and a solid support system for technologists, thought leaders, and investors in the tech space. The four-year, $8 million program primarily focuses on connecting and empowering new leaders and technologies that focus on inclusivity, sustainability, and responsible innovation. “If we want to develop a responsible tech future, we have to intentionally change who and what we produce. We need to support diverse organizations and inclusive communities working to redefine what technology
