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Asian American VC firm CEO Nisha Desai sues PayPal for racial bias
Inshorts
·
7m ago
Medial
Nisha Desai, the CEO and Founder of venture capital firm Andav Capital, has sued PayPal in the US over racial bias against Asian Americans. Desai claims PayPal prefers Black and Hispanic applicants over Asian Americans in its $530-million program to support minority-led businesses. "To PayPal...Asian Americans might be minorities, but they're the wrong kind of minority," the suit said.
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Related News
Don't expect ChatGPT to take the bias out of job recruiting just yet
Business Insider
·
1y ago
Medial
OpenAI's ChatGPT, an AI tool used for resume screening, has been found to exhibit racial bias in favor of Asian applicants over Black job seekers, according to an investigation by Bloomberg. The tool ranked resumes associated with Asian women as the top candidate 17.2% of the time, compared to just 7.6% for resumes associated with Black men. OpenAI suggested that recruiters can manually adjust the tool to mitigate bias, but the report highlights concerns about the potential adverse impact on certain gender and race groups if AI tools are used without additional safeguards.
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Google settles Black employees' racial bias lawsuit for $50 million
Economic Times
·
3m ago
Medial
Google settled a $50 million lawsuit over alleged racial bias against Black employees in its workforce. The lawsuit, representing over 4,000 employees in California and New York, accused Google of a racially biased corporate culture, lower-level job assignments, pay disparities, and limited advancement opportunities for Black employees. Initiated in March 2022, the case highlighted Google's alleged systemic racial discrimination, though the company denied wrongdoing. The settlement still requires judicial approval.
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Former Twitter CEO sues Elon Musk
TechCrunch
·
1y ago
Medial
Elon Musk is facing a lawsuit from four former Twitter executives, including ex-CEO Parag Agrawal, who claim they are owed over $128 million in severance payments. The executives state that Musk has a vendetta against them due to their efforts to hold him accountable to a $44 billion commitment. Musk has previously ridiculed and targeted one of the executives, Vijaya Gadde, leading to racial online attacks against her. This lawsuit is not the first time Musk has faced legal action from former Twitter employees awaiting severance pay. The lawsuit alleges that Musk employs delay tactics to avoid paying what he owes.
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Asian Paints aims to quash CCI probe, saying investigation order mishandled
Economic Times
·
14d ago
Medial
Asian Paints, India's leading paint manufacturer, is challenging an antitrust inquiry by the Competition Commission of India (CCI). The company claims the investigation order included damaging allegations against their CEO, which were later removed, but both versions remain online, causing reputational harm. The inquiry originated from a complaint by rival Birla Opus, accusing Asian Paints of abusing its market dominance. Asian Paints argues the order changes undermine legal integrity and assert premeditated bias in CCI's decision.
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Biases in AI won’t be tolerated, onus on Google to train its AI models: Union minister Ashwini Vaishnaw
Economic Times
·
1y ago
Medial
The Indian government has warned Google that biases in artificial intelligence (AI) models will not be tolerated. The statement comes after a social media post claimed that Google's AI model Gemini displayed bias when asked about Prime Minister Narendra Modi. The Minister for Electronics and Information Technology, Ashwini Vaishnaw, stressed the need for proper training of AI models to avoid biases, including racial bias. The government has previously enacted regulatory structures to balance both regulation and innovation in the technology sector.
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Nykaa Appoints Santosh Desai As Independent Director
Inc42
·
1y ago
Medial
Nykaa has appointed Santosh Desai as its new CEO, effective from July 15. Desai previously served as the CEO of Future Brands Ltd for nearly 17 years and brings with him over two decades of experience in the advertising industry. Nykaa reported a 1.2X YoY rise in net profit to INR 9.07 Cr in the March quarter of FY24.
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US and Canadian Startups Lead Global AI VC Despite Europe's 85% Fewer Unicorns and Limited R&D | DeepNewz VC
deepnewz
·
2m ago
Medial
US and Canadian startups are leading in securing global AI venture capital, surpassing European and Asian counterparts. Despite facing regulatory and economic challenges, these North American startups receive a significant share of the investments. Europe, in particular, lags behind with 85% fewer unicorns, highlighting a noticeable disparity in AI funding and startup success across regions.
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Google apologizes to India as AI platform 'Gemini' sparks controversy: Report
Livemint
·
1y ago
Medial
Google has apologized to India over issues with its AI platform, Gemini, after it returned unreliable and unsubstantiated results in response to a query about Indian Prime Minister Modi. The Indian government had issued a notice to Google seeking clarification on the discrepancies. The incident comes amidst increasing scrutiny of AI platforms in India, with the government planning to require permits for their operation. The controversy surrounding Gemini also includes allegations of racial bias and historical inaccuracies, with demands for Google CEO Sundar Pichai's resignation. Google has temporarily halted Gemini's image generation capabilities and pledged to rectify the situation.
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AI-generated Asians were briefly unavailable on Instagram
The Verge
·
1y ago
Medial
Meta's AI image generator was previously making everyone Asian, even when the text prompt specified another race. However, when the writer retested the system, they were unable to generate any accurate images of Asian people using prompts like "Asian man and Caucasian friend." Instead, an error message appeared, indicating that something had gone wrong. The writer reached out to Meta for clarification but received no response. Later on, the system started generating images again, but the racial accuracy remained an issue. It remains unclear if Meta is working to fix the problem.
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Google apologizes for ‘missing the mark’ after Gemini generated racially diverse Nazis
The Verge
·
1y ago
Medial
Google has apologized for the inaccuracies in some historical image depictions generated by its Gemini AI tool. The tool, aimed at creating a wide range of results, has faced criticism for depicting certain white figures or groups, such as Nazi-era German soldiers, as people of color, possibly due to an overcorrection for past racial bias issues. Google acknowledges the need for improvement and aims to rectify these inaccuracies. The controversy surrounding Gemini's image generation and its promotion has been driven largely, but not exclusively, by right-wing voices.
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