Black founders are tailoring the ChatGPT experience, and crypto makes a comeback

Published: June 17, 2024, 2:30 p.m.

This week on Equity, we discussed some big news that really matters: How Black founders are addressing the diversity gap in AI chatbots. We\u2019ve all noticed how OpenAI\u2019s ChatGPT and other AI chatbot tools struggle with cultural nuance, often coming up with answers that reflect a largely Euro-centric worldview. Now, a handful of Black-owned chatbots and ChatGPT versions \u2013 like Latimer.AI, ChatBlackGPT and Spark Plug \u2013 have cropped up to ensure Black POVs are included in the AI conversation, and that Black founders get a cut of this trillion-dollar industry.\n\nThat\u2019s not all Rebecca talked about on Monday\u2019s show. We also looked at how different social media companies are playing around with what\u2019s real and what isn\u2019t, an increasingly salient topic in the age of AI. On the one hand, we\u2019ve got TikTok\u2019s introduction of generative AI avatars, which creators and brands can use to speed up ad campaigns and spread them out to a global audience. And on the other hand, YouTube is experimenting with a \u201cNotes\u201d feature that lets users add context to videos. It\u2019s an attempt to combat misinformation as AI threatens to inundate us all with deepfake and misleading political content in the lead up to the 2024 presidential election. \n\nIn IPO Land, Rebecca touched on Tempus\u2019s 9% rise and $441 million raise on its Nasdaq debut last Friday. The genomic testing and data analysis company, started by Groupon\u2019s founder, need have only hinted at its future genAI integrations for investors to throw money at it. Meanwhile, Chinese e-commerce giant Shein is struggling to get Beijing to approve its London IPO, reports the Financial Times. Shein\u2019s executive chair reportedly angered Chinese regulators last month by saying its corporate values meant it \u201ccould be considered a US company,\u201d so now the retailer is trying to walk back on those comments. Shein is trying to raise \xa350 billion (US$64 billion) from its London IPO, and it needs Beijing on its side to do so.\xa0\xa0 \n\nHaje closed out today\u2019s show with a teardown of Kinnect\u2019s $250K angel deck. Founded just last year, the digital archive startup is already making waves with $100,000 in funding from Techstar\u2019s Rising Stars program. Hit play to hear how they did it!