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Facebook Buys And Shuts Down Shopping Site TheFind To Boost Commerce In Ads

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Josh Constine, TECH CRUNCH

 
(TechCrunch.com)—Facebook today announced it has acquired personalized shopping search engine TheFind to help improve its commerce ads. TheFind had raised $26 million from Lightspeed and Redpoint since getting off the ground around 2005, but will now be shut down. Some, but not all, members of the team are joining Facebook.

TheFind’s product allowed people to get customized recommendations for products while searching through its massive database of products. A user could enter somewhat generic terms like “black sweater” and then compare prices on black sweaters from a wide array of retailers aggregated by TheFind. They could also discover places to buy their chosen product locally if they want it immediately.

Just last month, Facebook launched a special ad unit designed to highlight specific products a merchant is trying to sell. TheFind could help Facebook better match not just a company to a user, but make sure the products shown in the ads are things they’re likely to buy.

 

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Antonio‌ ‌Ray‌ ‌Harvey‌

Calif. Black Chamber of Commerce Is Helping to Expand Broadband Access

The California Black Chamber of Commerce (CBCC) is joining hands with state government to help narrow the Golden State’s Digital Divide for nearly two million houses without access to broadband. In partnership with the California Department of Transportation (Caltrans) and the California Department of Technology (CDT), the CBCC will help push the state’s Middle-Mile Broadband Initiative – a $3.25 billion effort to enhance internet connectivity –under the “Broadband Technology Small Business Initiative.”

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“We are the lead agency working with Caltrans,” said Jay King, the President and CEO of CBCC. “We’re front of the line making sure small businesses are included, matchmaking is taking place, and that we meet the goal and the deadline of making sure that every Californian has access to digital connections.”
“We are the lead agency working with Caltrans,” said Jay King, the President and CEO of CBCC. “We’re front of the line making sure small businesses are included, matchmaking is taking place, and that we meet the goal and the deadline of making sure that every Californian has access to digital connections.”

Antonio Ray Harvey,
California Black Media

The California Black Chamber of Commerce (CBCC) is joining hands with state government to help narrow the Golden State’s Digital Divide for nearly two million houses without access to broadband.

In partnership with the California Department of Transportation (Caltrans) and the California Department of Technology (CDT), the CBCC will help push the state’s Middle-Mile Broadband Initiative – a $3.25 billion effort to enhance internet connectivity –under the “Broadband Technology Small Business Initiative.”

The initiative was created to provide a durable, open-access network that would bring high-speed broadband service to unserved and underserved communities, regardless of technology used, on equal economic and service terms.

“We are the lead agency working with Caltrans,” said Jay King, the President and CEO of CBCC. “We’re front of the line making sure small businesses are included, matchmaking is taking place, and that we meet the goal and the deadline of making sure that every Californian has access to digital connections.”

The initiative connects CBCC’s statewide membership of 5, 500-plus small African American business firms and non-Black entities to the benefits of broadband technology, according to King.

The state also allows small businesses to bid as contractors for projects related to strengthening broadband connections to improve access to education, health services and employment opportunities throughout the state.

According to the Public Policy Institute of California (PPIC), in 2020, 10% of California residents reported not having a desktop, laptop, or other computing device at home.

In addition to a lack of functional units for computation, access was especially limited among low-income (23%), less-educated (16%), Black (15%), and Latino (15%) households, PPIC presented in its June 2022 fact sheet.

So far, California has invested $6 billion through the legislation that created the Middle Mile Broadband Initiative, Senate Bill (SB) 156. The legislation, which Gov. Gavin Newsom signed in 2021, expands broadband infrastructure, addresses affordability, and promotes digital literacy.  California will receive approximately $100 million more to enhance its broadband infrastructure through the federal Infrastructure Investment and Jobs Act.

Middle-mile refers to the fiber optic infrastructure that makes internet connections possible by transmitting large amounts of data over long distances at high speeds through high-capacity cables. The complete design features a proposed system of 10,000 miles of infrastructure, covering the entire state.

Although federal dollars are involved in the project, King stated that state projects are “race neutral” to stay in compliance with California’s Prop 209 law that prohibits “preferential treatment” based on race, sex, color, ethnicity, or national origin.

“We know the importance (of closing the gap) not just in the Black community but in all marginalized communities,” King said. “The digital divide will only continue to hurt our country and state if we don’t ensure that everybody has full access to the digital world.”

CBCC’s Director of Small Business Willard “Will” McClure said that the design and construction of the middle-mile network is monitored by the Middle-Mile Advisory Committee (MMAC). The MMAC monitors the development and construction.

According to McClure, the California Emerging Technology Fund (CETF), an organization providing leadership in expanding broadband access statewide, offers “five strategies” to close the digital divide. These include Civic Leader Engagement, Venture Philanthropy Grantmaking, Public Policy Initiatives, Public Awareness and Education, and Strategic Partnerships.

CETF’s network of more than 100 grantees have delivered digital literacy training to more than 800,000 residents and has assisted in providing internet connections to more than 250,000 low-income households in rural and remote areas, urban disadvantaged neighborhoods, and people with disabilities.

McClure said that the Middle-Mile project will be completely implemented by December 2026 but the work to close the gap really starts after the last fiber optic is installed. All participants must be “logged on with confidence,” he said.

“Once the access is available the problem is not over,” McClure said. “There’s confidence that comes with getting people to understand how to use it. Grandma doesn’t know how to download ZOOM.”

Last month, Federal Communications Commission (FCC) Chairwoman Jessica Rosenworcel joined Los Angeles Mayor Karen Bass to announce the campaign to increase enrollment in the Affordable Connectivity Program in Los Angeles at the Pio Pico-Koreatown Branch Library.

Qualifying households are eligible for a discount of up to $30 a month for internet service and discounts on devices through the Affordable Connectivity Program. The households can also get a one-time discount of up to $100 to buy a laptop, desktop computer or tablet from qualifying providers.

“For many households, the cost of groceries, gas and rent can eat up the monthly budget, putting internet access out of reach,” Rosenworcel said. “We want to do more to get out the word about this powerful program and reach families that may not know about this benefit.”

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Education

UC Berkeley Computer Scientist Wins 2023 Guggenheim Fellowship

Venkatesan Guruswami, a Chancellor’s Professor in UC Berkeley’s Department of Electrical Engineering and Computer Sciences, is among 171 American and Canadian scholars selected as 2023 Guggenheim Fellows, the John Simon Guggenheim Memorial Foundation announced on April 6. The prestigious awards recognize scholars with impressive achievements who also show exceptional promise in fields ranging from the natural sciences to the creative arts.

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UC Berkeley computer scientist Venkatesan Guruswami will use the fellowship to develop resource-efficient approaches to solving computational problems. UC Berkeley graphic by Neil Freese.
UC Berkeley computer scientist Venkatesan Guruswami will use the fellowship to develop resource-efficient approaches to solving computational problems. UC Berkeley graphic by Neil Freese.

By Public Affairs

Venkatesan Guruswami, a Chancellor’s Professor in UC Berkeley’s Department of Electrical Engineering and Computer Sciences, is among 171 American and Canadian scholars selected as 2023 Guggenheim Fellows, the John Simon Guggenheim Memorial Foundation announced on April 6.

The prestigious awards recognize scholars with impressive achievements who also show exceptional promise in fields ranging from the natural sciences to the creative arts.

“I’m really delighted and grateful to be chosen for this fellowship and honored to join its distinguished roster of past recipients,” said Guruswami, who is also a senior scientist at the Simons Institute for the Theory of Computing.

Guggenheim Fellows each receive a one-time grant of varying amounts to complete their research, books, or other projects. Guruswami, a theoretical computer scientist, will use the fellowship to continue his research into understanding and devising the most resource-efficient approaches to solving computational problems, and mapping the boundary between their tractable and intractable variants.

“Like Emerson, I believe that fullness in life comes from following our calling,” said Edward Hirsch, president of the Guggenheim Foundation and 1985 Fellow in Poetry, in a press release. “The new class of Fellows has followed their calling to enhance all of our lives, to provide greater human knowledge and deeper understanding. We’re lucky to look to them to bring us into the future.”

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Bay Area

Mitch Kapor and Freada Kapor: Closing the Equity Gap for Communities of Color

Mitch Kapor and Freada Kapor are two pillars of the San Francisco Bay Area. More than this, they are visionaries who are helping construct the pathway for our nation’s economic future. The Kapors have spent the last decade developing a vision and practice to make the tech industry more diverse and inclusive.

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At San Francisco’s Commonwealth Club, Mitch Kapor, Freada Kapor, left, discussed their new book and Linda Parker Pennington and Kenneth Johnson were among the attendees. Photo by Conway Jones
At San Francisco’s Commonwealth Club, Mitch Kapor, Freada Kapor, left, discussed their new book and Linda Parker Pennington and Kenneth Johnson were among the attendees. Photo by Conway Jones

By Conway Jones

Mitch Kapor and Freada Kapor are two pillars of the San Francisco Bay Area.

More than this, they are visionaries who are helping construct the pathway for our nation’s economic future.

The Kapors have spent the last decade developing a vision and practice to make the tech industry more diverse and inclusive.

Their new book, “Closing the Equity Gap: Creating Wealth and Fostering Justice in Startup Investing,” explains how their two institutions, Kapor Center and Kapor Capital, invest in seed-stage tech startups focused on closing gaps of access, opportunity and outcome for low-income communities and communities of color.

Their core belief is that all companies must make a positive impact.

“Loyalty to values is more important than loyalty to investors.” said Freada Kapor in her address to the Commonwealth Club of California last Monday.

The Kapors’ belief is that entrepreneurs who overcome obstacles in life are a far better predictor of long-term success than the schools they attend or the investment dollars they raise from friends and family.

“Mitch and Freada were both authentic and engaging in their presentation.” said Linda Parker Pennington, founder and CEO of Parker Pennington Enterprises, LLC. “They told us ‘how they’ve done well by doing good’ and how we can, too.” Parker Pennington continued.

“The investment work we do is what matters.” said Mitch Kapor.

“The Kapors’ investment formula is proven to help close these access, opportunity, and outcome gaps for low-income communities,” said Kenneth Johnson, videographer, community leader and Board Director of the San Francisco African American Chamber of Commerce. “We need to adopt their vision here in San Francisco.”

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