(Rolling Stones) Timnit Gebru didn’t set out to work in AI. At Stanford, she studied electrical engineering — getting both a bachelor’s and a master’s in the field. Then she became interested in image analysis, getting her Ph.D. in computer vision. When she moved over to AI, though, it was immediately clear that there was something…

(Reuters) A China-based tutoring company has agreed to settle a U.S. government agency’s novel lawsuit claiming it used hiring software powered by artificial intelligence to illegally weed out older job applicants. The 2022 lawsuit against iTutorGroup Inc was the first by the U.S. Equal Employment Opportunity Commission (EEOC) involving a company’s use of AI to make employment…

(TechCrunch) Fearless Fund, an Atlanta-based fund that invests solely in women founders of color, has responded to the suit filed against it by the American Alliance for Equal Rights (AAER), accusing it of racial discrimination. In a statement, the fund said that it was “proud of the work [it has] done at the Fearless Fund and Fearless…

(WSJ) Many chief financial officers and corporate leaders have questions about how to navigate environmental and social issues in the wake of backlash against Target and Bud Light and continuing concerns about “greenwashing”—the practice of companies overstating their environmental policies. Lucy Parker, a senior partner at the Brunswick Group and co-author of a forthcoming book titled “The Activist Leader:…

(NYT) The Biden administration plans on Wednesday to issue new restrictions on American investments in certain advanced industries in China, according to people familiar with the deliberations, a move that supporters have described as necessary to protect national security but that will undoubtedly rankle Beijing. The measure would be one of the first significant steps the…

(ESG Today) ESG considerations are increasingly being integrated into the dealmaking process by M&A professionals, according to a new survey by global professional services firm KPMG, which found that over half of respondents reported that they have cancelled deals due to material findings during ESG due diligence, and that nearly two thirds of investors would…

(The Washington Post) Two years after the assassination of Haiti’s president triggered a spiral of mayhem, economic calamity and gang violence, there is a glimmer of hope for the Western Hemisphere’s poorest nation. It arrives from the government of Kenya, which has offered to send 1,000 police officers and lead a multinational force that would help Haitian…

(Reuters) A group founded by the conservative activist instrumental in the U.S. Supreme Court’s June decision rejecting affirmative action in collegiate admissions on Wednesday sued an Atlanta-based venture capital fund that supports Black women who own small businesses, accusing it of unlawful racial discrimination. The nonprofit American Alliance for Equal Rights, founded by affirmative action foe Edward Blum, said…

(WSJ) Private-equity and hedge funds are bracing for what could be the biggest regulatory challenge in years to their business of managing money for deep-pocketed investors. The Securities and Exchange Commission is preparing to adopt a rule package as soon as this month aiming to bring greater transparency and competition to the multitrillion- dollar private-funds industry, people familiar with…

(WSJ) Sequoia Capital pared back the size of two major venture funds, including its cryptocurrency fund, as part of a dramatic downsizing the storied venture firm is undertaking amid a broad startup downturn. Sequoia cut the size of its cryptocurrency fund to $200 million from $585 million, according to people familiar with the matter. It…