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  • 10-04-2023 Black, Female Entrepreneurs Have Impact But Little Funding: Fast Company

10-04-2023 Black, Female Entrepreneurs Have Impact But Little Funding: Fast Company

PLUS: Microsoft CEO Satya Nadella reveals the AI content wars happening behind the scenes during Google's anti-trust lawsuit from the DOJ.

Author

Lisa D. Sparks
October 04, 2023

There’s lots of news today but the shadow of the Fearless Fund saga looms large over our top story. Funding for Black women-led businesses remains a key issue that the larger venture capital culture ignores. Fast Company provides a solid overview from Chanel Cathey on the inpact of economic exclusion.

Today’s Top 5 News Stories in Tech, Race, and Gender

1 / Black, Female Entrepreneurs Have Impact But Little Funding: Fast Company

This article by Chanel Cathey looks at the venture capital ecosystem from a Black woman’s point of view. She shares key insights that startups can use to gain longevity, whether receiving outside funding or not.

“Black women are the fastest-growing entrepreneurial group in the country, but the piece about that that’s interesting is that is just how many are starting businesses. That doesn’t mean how many are getting funding. Not all money is good money. There are so many predatory practices when it comes to the black community and for women in general.”

Erin Horne-McKinney, the inaugural executive director of the Howard University PNC Bank National Center for Entrepreneurship.

2/ Google Exec Likens Search Engines to Addictive Drugs: DOJ

DOJ finally posted that “embarrassing” court doc Google wanted to hide

Google exec said users get hooked on search engine like “cigarettes or drugs.”

arstechnica.com/tech-policy/2023/09/google-exec-said-users-get-hooked-on-search-engine-like-cigarettes-or-drugs

3/ Meta Isn’t Giving Up Its Ad Revenue Stream to Opt-Outers in Europe

Meta plans to charge users who opt out of viewing ads to pay a monthly fee to access its most popular apps, Facebook and Instagram. Those who do opt out of ads will be asked to pay $14 - $17 per month.

Meta's ad-free Instagram and Facebook plan could cost EU users nearly $17 per month

Meta may charge Instagram users in Europe a $14 per month subscription fee unless they opt in to targeted ads.

www.yahoo.com/news/metas-ad-free-instagram-and-facebook-plan-could-cost-eu-users-nearly-17-per-month-105638298.html

4/ ️The Block Is Getting Hot for Big Tech as Anti-Trust Watchdogs Uncover Anti-Competition Practices

Amazon reportedly used a secret algorithm to jack up prices

The FTC’s public antitrust complaint redacted its Project Nessie section.

www.theverge.com/2023/10/3/23901840/amazon-project-nessie-algorithm-antitrust-ftc-complaint

5/ Microsoft CEO Drops Dime on Google’s Exclusive AI Content Deals During Anti-Trust Lawsuit

Microsoft CEO says tech giants battling for content to build AI

Microsoft chief executive Satya Nadella said Monday tech giants were competing for vast troves of content needed to train artificial intelligence, and complained Google was locking up content with expensive and exclusive deals with publishers.

www.reuters.com/technology/microsoft-ceo-testifies-once-in-a-generation-us-google-antitrust-trial-2023-10-02

What’s Happening in Tech

RenderATL in June 2024

Palate Cleanser

Shelter dogs get photo retakes!

Many Initial Shelter Pet Photos Don’t Represent Dogs Accurately, So I Retake Them (22 Pics)

Having high-quality photos of shelter animals has been proven to increase their chances of adoption, therefore I decided to retake pictures of shelter dogs. Take a look at before and after.

www.boredpanda.com/upgraded-pictures-of-shelter-dogs-wyomingpetphotography

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