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Tuesday, April 30, 2019

Morgan Stanley Announces its Third Cohort of the Multicultural Innovation Lab

Morgan Stanley recently announced the third cohort of the Multicultural Innovation Lab, an accelerator program for technology and technology-enabled startups in the postseed to Series B funding rounds.

The program is three years in the making and targets companies with a multicultural or woman founder, cofounder, CTO, or other C-suite member that is developing innovative solutions across sectors. 

“This program has seen tremendous success over the past two years, and I am looking forward to helping this next group of founders accelerate their businesses and make significant strides in executing their strategies,” said Carla Harris, vice chairman of Morgan Stanley and head of the Multicultural Client Strategy Group. “The Lab’s goal is to provide these founders with additional contributions toward their future success by leveraging our expansive and global networks, resources, and expertise that will hopefully attract the capital needed to scale.”

Carla Harris

Over 300 applicants applied globally. 2019 cohort startups include BLUEWAVE Technologies, Care Advisors, Cosynd, Five to Nine, Gappify, Looklive, Mighty Well, ShopJenzy, SmartGurlz, and Taina Technology. The companies span across sectors focusing on health, software development, legal, medical hardware, HR, fintech, fashion, and education.

Morgan Stanley will take an equity percentage in the company in exchange for utilizing its global reach, content, and connections to push growth and address the funding gap for multicultural and women startup founders.

Access to capital alone isn’t sufficient enough to build a successful tech startup. The Lab brings in other elements to help the entrepreneurs grow and scale their companies. William Crowder, formerly head of Comcast Ventures’ Catalyst Fund and now founding partner at 42 Venture Partners, will be returning as its Entrepreneur-In-Residence. Crowder will serve as a strategic advisor to both the entrepreneurs and the Multicultural Client Strategy team throughout the duration of the Lab to help participating companies address and conquer challenges that will increase performance and progress. There will also be additional input from other partners such as Wilson Sonsini Goodrich & Rosati.

The post Morgan Stanley Announces its Third Cohort of the Multicultural Innovation Lab appeared first on Black Enterprise.



John Singleton Introduced Me to a World That Changed My Life

John Singleton passed Monday, April 29, 2019. After suffering a stroke that left him in a coma, his family ultimately decided to take him off life support. To say it was a life gone too soon is an understatement, especially for a figure who has had such a tremendous impact on the black community at large. I grew up in…

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source https://verysmartbrothas.theroot.com/john-singleton-introduced-me-to-a-world-that-changed-my-1834415940

Jimmy Butler to 76ers Head Coach After Monster Game: ‘My Name Isn’t James!’

Jimmy Butler wants to make one thing clear to everyone: His name is not James!

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source https://www.theroot.com/jimmy-butler-to-76ers-head-coach-after-monster-game-m-1834415374

Get 15% Cash Back On Your Favorite Outdoor Brands With an Amazon Prime Credit Card

The Amazon Prime Store Card and Amazon Prime Rewards Visa are worth having just to get 5% cash back on Amazon purchases, but for a limited time, that offer is getting bumped to a whopping 15% back on select outdoor items, just in time for your spring camping trips and cookouts.

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source https://kinjadeals.theinventory.com/get-15-cash-back-on-your-favorite-outdoor-brands-with-1834414705

For Black Drivers, Traffic Stops Can Be a Matter of Life or Death. Can the 'Not Reaching' Pouch Make Them Safer?

As a black person in America, we’ve all been there.

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source https://www.theroot.com/for-black-drivers-traffic-stops-can-be-a-matter-of-lif-1834410409

Deliciously Diverse: The 2019 Iconoclast Dinner Experience Series Kicks Off in Chicago With an All-Star Culinary Bash

Foodies everywhere are familiar with the James Beard Awards, the culinary-focused ceremony considered the “Oscars of food.” And those who look forward to the annual Chicago-based event are swiftly getting a taste for the hottest party of the weekend, the Iconoclast Dinner Experience All-Star Culinary bash.

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source https://www.theroot.com/deliciously-diverse-the-2019-iconoclast-dinner-experie-1834416637

Trump Sues 2 Banks to Keep Democrats Out of His Finances

How do we know with certainty that the president of the United States is not a high paid sex worker who exclusively caters to Russian President Vladimir Putin?

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source https://www.theroot.com/trump-sues-2-banks-to-keep-democrats-out-of-his-finance-1834413924

Federal Lawsuit Filed Against N.Y. Middle School for Allegedly Strip-Searching 4 Black and Latina Students

More than three months after a Binghamton, N.Y., middle school was accused of illegally strip-searching four black and Latina students, the NAACP Legal Defense and Educational Fund, Inc. (LDF) has filed a lawsuit against the school district for failing to redress or apologize for the incident.

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source https://www.theroot.com/federal-lawsuit-filed-against-n-y-middle-school-for-al-1834413429

Artificial Intelligence and Algorithms: 21st Century Tools for Racism

Black activists and technologists are increasingly raising the alarm about what one has called ‘the new frontier of civil rights’—that is, growing concerns over inherent racism in artificial intelligence and computer algorithm technologies.

It was proven that algorithms behind many social media platforms were manipulated in an attempt to influence black voters. The released Mueller report outlined it plainly: Russian operatives deliberately targeted black activists online through social media—using the algorithmic technology behind online platforms to purposely cause dissension among black voters in the 2016 election (on page 32 of the Special Counsel’s report).

According to a report from Axios, these foreign actors gamed a number of tech platforms in addition to social media, including Google, PayPal, and Instagram.

“One of the reasons social media platforms continue to be exploited is because the opacity of algorithms being used make many of these fictitious posts or misleading campaigns go viral,” according to the Axios report.

How Algorithms Can Negatively Affect Black Lives

Algorithms are inextricably linked with Artificial Intelligence (AI) and Big Data. Algorithms, in a nutshell, are lines of code that tell computers what to do. While not all algorithms are used for AI, they do provide instructions for AI systems, as per TheNextWeb.

The problem with algorithms is that they are “inherently racist,” according to Mutale Nkonde, a US-based policy analyst and a 2018-19 fellow at Data & Society Research Institute in New York City.

“Algorithmic decision-making is based on historical data,” says Nkonde. “A system will look at, for example, how many people were evicted in Bed-Stuy [a Brooklyn neighborhood] over the last 10 years. When you are going for an apartment and then when your landlord does a credit check, if you’re black and it says there were historically huge amounts of evictions [among the black community], then you may not get the apartment.”

artificial intelligence racism

Mutale Nkonde

Last month, the Housing and Urban Development agency charged Facebook with housing discrimination violations. Facebook’s ad-targeting technology allowed property owners to target their properties to Facebook users based on race and other factors.

Algorithms today can help determine whether you get a loan, a job, or insurance. Just about all business verticals are using algorithms to some extent for decision making. Couple that with the massive amount of information collected against people through social media apps and search engines—so-called ‘Big Data’— and the potential to stealthily discriminate against black people is a concerning issue.

“Algorithmic decision-making is at the core running all of society’s systems,” says Nkonde.

Even the prison industry has moved into the digital age. Superstar rapper Jay-Z recently invested in Promise, a startup dedicated to reducing incarceration rates. The startup offers ‘community-supervised alternatives to jail and prison’ according to its website.

While the intent of the startup, keeping more black people out of the prison system is good, Nkonde sees the technology behind it as problematic.

She says Jay-Z and “a bunch of other billionaires have bought into this company where instead of going to jail, you’re going to be given an ankle bracelet that will track you,” she says.

In a TechCrunch article featuring Promise’s co-founder and CEO, Phaedra Ellis Lampkins, the startup’s technology was described: “Instead of a county paying to incarcerate someone simply because they can’t afford to post bail, they can use Promise to monitor compliance with court orders and better keep tabs on people via the app and, if needed, GPS monitoring devices. Counties, courts, case managers and other stakeholders can also access progress reports of individuals to monitor compliance.”

“The problem is there is secondary use for that data. The data that you generate can then be sold to various other businesses and that’s where the real money is,” says Nkonde. “That is a reinforcement of the ‘black code’ and reinforcement of the racist code that has always driven American society. Except now, it’s called ‘AI’.”

Ellis Lampkins refutes Nkonde’s allegations. In an emailed statement to Black Enterprise, she called Nkonde’s statements, “factually inaccurate.”

“We have not built and do not have any plans on building GPS monitoring technology. We believe that constant monitoring technology would create more injustice and be a violation of the foundation of our company. We built Promise so that there would be technology that improved the lives of those who were impacted by the criminal justice system, ” she wrote. She also clarified her company’s position on GPS monitoring of those entangled in the legal system and the potential for data collection against those individuals.

“People are on GPS because the court mandates it. We do not provide the GPS. We do not recommend it and we do not have it in our app. The court has many conditions such as AA, parenting class, etc. We also do not provide those services.  Because we do not collect the data, there is no way it could ever be sold,” stated Ellis Lampkins via email.

Black Politicians Craft AI Bias Legislation

However, the problems of biased algorithms and AI are being raised by politicians. Sen. Cory Booker and Rep. Yvette Clarke have presented legislation addressing tech bias.

Nkonde, in fact, serves as a senior tech policy adviser for Congresswoman Clarke. She says Clarke and Booker have gone beyond just looking into well-documented cases of facial recognition technology’s inability to correctly identify people of color but they have “gone for the money,” says Nkonde.

“They’ve gone for the algorithm; they’ve gone for ‘what makes systems think?’ Those algorithms are protected by commercial law so this is actually the first time in history that anybody has really gone for how AI works.”

She says she loves the fact that Sen. Booker is involved with this cause because she feels he can make bias in technology a presidential issue. “I’m hoping that what journalists and activists and policymakers can do is really frame this as the new frontier of civil rights,” she says.

Last year, Nkonde and Clarke gave a briefing in DC on algorithmic bias. “We were looking at white supremacy online because the algorithms that feed you videos on YouTube were feeding white supremacists more extreme content and we were speaking about that,” says Nkonde.

Facebook has also taken measures to combat bias in AI. At its developers’ conference last year, a Facebook executive said that it is focused on “how to build fair and unbiased systems.” The company says one way to do so is by having diverse individuals involved in building its AI systems.

“If AI is built by a small group of technologists it will only see a narrow point of view,” said research scientist Isabel Kloumann at the event.

Still, activists say that Facebook and other tech companies are not doing enough and the red flags aren’t being raised enough about how potentially harmful AI and algorithms can be to black people.

“The real issue,” says Nkonde, “is technologies do not serve everybody equally. Because algorithms/AI systems are built by people, those people encode their values in those systems.”

“What AI actually does increase the likelihood for white, rich, cis men to succeed and decreases the likelihood for everybody else in society to succeed.”

 

 

 

The post Artificial Intelligence and Algorithms: 21st Century Tools for Racism appeared first on Black Enterprise.



Tuesday's Best Deals: Instant Pot Mini, Watches, Battery Organizer, and More

Discounted Sonos One speakers, Insomnia Coffee, and a sale on graduation party supplies lead off Tuesday’s best deals.

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source https://kinjadeals.theinventory.com/tuesdays-best-deals-instant-pot-mini-watches-battery-1834411747

2019 Tribeca Film Festival: How Does it Feel to Make a Comeback After 14 Years? Devil's Pie - D'Angelo Explores Just That

“What feeds your soul?” D’Angelo asks. For him, it’s God. It’s Yahweh. And for any fan who wonders why an artist decided to take a 14-year-long hiatus at the height of his career, maybe the answer rests in his gut—maybe, even with the superfluous reinforcement, he was starving.

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source https://thegrapevine.theroot.com/2019-tribeca-film-festival-how-does-it-feel-to-make-a-1834401712

'We Would Not Have All Been White': Cynthia Nixon Reflects on Sex and the City's White Feminism Problem

It’s been 15 years since Sex and the City set the standard for what it meant to be a successful working woman in New York City, with four white actresses (Sarah Jessica Parker, Kim Cattrall, Cynthia Nixon, and Kristen Davis) providing a weekly dose of humor, friendship, fashion, and yes, sex to devoted viewers from…

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source https://theglowup.theroot.com/we-would-not-have-all-been-white-cynthia-nixon-reflect-1834412112

1 Petition to Investigate Jussie Smollett Case Dropped, 1 Remains

After Cook County State’s Attorney Kim Foxx’s announced that she would no longer be seeking to prosecute Empire actor Jussie Smollett on charges that he made a false report to police in the aftermath of what authorities say was a staged racist and homophobic attack, both a prosecutor in her office as well as a former…

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source https://thegrapevine.theroot.com/1-petition-to-investigate-jussie-smollett-case-dropped-1834411697

Buy Yourself (Or Your Mom) a New Watch For Less, Thanks to Today's Gold Box

Time’s ticking on Mother’s Day gifts and right now Amazon is blowing out tons of different watches. Both men’s and women’s styles are discounted. Prices start at just at around $29 for a Fossil watch and go all the way up to Michael Kors smart watch for $238.

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source https://kinjadeals.theinventory.com/buy-you-or-your-mom-a-new-watch-for-less-thanks-to-t-1834409445

'Change the Game': Halima Aden Makes Sports Illustrated Swimsuit Issue History in a Hijab

Halima Aden has been changing the game since 2016, when she became the first contestant in the Miss Minnesota USA pageant to wear a hijab—and made it to the semifinals. In the years since, the Somali refugee-turned-burgeoning supermodel has been lighting up runways and magazine covers alike, reinforcing the fact that…

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source https://theglowup.theroot.com/change-the-game-halima-aden-makes-sports-illustrated-s-1834410654

Stacey Abrams Will Not Run for U.S. Senate in 2020; Millions Sigh, 'But What About President, Though?'

We still don’t know exactly what Stacey Abrams has in mind for future office, but we can at least rule one possibility out: a U.S. Senate seat in 2020.

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source https://www.theroot.com/stacey-abrams-will-not-run-for-u-s-senate-in-2020-mil-1834410969

Broadway’s Ain’t Too Proud To Beg Is a Rousing, Joyful Nod to Black American Life and Legacy

I have had the good fortune to have seen many a Broadway play (also quite a few off-Broadway, for that matter). But only a very few over the years have stayed with me—a short list would include Fela! The Mountaintop. Choir Boy. The House That Will Not Stand. Denzel Washington in Julius Caesar.

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source https://www.theroot.com/broadway-s-ain-t-too-proud-to-beg-is-a-rousing-joyful-1834382549

Keep Nasty Fleas and Ticks Off of Your Pets With 20% Off Frontline Plus

Tick season is officially upon us and it is expected to be a bad one. That means it is time to stock up on your pet’s protection. You can get 20% off Frontline Plus from Chewy right now. So hopefully your poor dog or cat hopefully won’t be chewing their butt anymore. At least, not because of itchy fleas or ticks.

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source https://kinjadeals.theinventory.com/keep-nasty-fleas-and-ticks-off-of-your-pets-with-20-of-1834390583

Monday, April 29, 2019

Northern Virginia Schools Stand Up for Gavin Grimm in Transgender Bathroom Case: Report

Four Northern Virginia school districts are showing support for Gavin Grimm, the young transgender man who’s been in a years-long battle with another Virginia school district over its policy when it comes to what bathroom transgender students can use.

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source https://www.theroot.com/northern-virginia-schools-stand-up-for-gavin-grimm-in-t-1834403205

DOJ’s No. 2, Rod Rosenstein, the Man Who Reportedly Said He Could ‘Land the Plane’ for Trump, Hands in His Resignation

Deputy U.S. Attorney General Rod Rosenstein, has officially submitted his resignation papers, stating that his last day will be May 11.

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source https://www.theroot.com/doj-s-no-2-rod-rosenstein-the-man-who-reportedly-sai-1834401805