Kevin Hart explains why his $10,000 grant recipients receive AI training.
- Colamino Fundthe tequila brand investment division co-founded by comedian Kevin Hart, is currently accepting applications for the latest $10,000 grant. The awardees will also receive AI training to address the disparities that exist between large corporations and small operations run by people from marginalized communities.
3 years old Colamino FundKevin Hart and Juan Domingo Beckman’s investment division from Gran Colamino Tequila announced on Thursday that applications for the latest grants are currently open for entrepreneurs and small businesses from resource-lacking communities.
As part of the transaction, the grantee receives $10,000 to help entrepreneurs secure the capital they need, but “will receive state-of-the-art AI technology training and hands-on learning to take responsibility and effectively incorporate it into their business.”
In an interview with luckHart explained why AI training is an important advantage for grant recipients.
“Trains are coming in fast,” Hart said. luck. “If you’re in it or not, try not to get in the way.”
The latest grant from the Coramino Fund aims to address AI disparities. There is a significant gap in AI adoption between companies, particularly those led by marginalized populations. According to the survey Leading by the Julian Zamora Institute at Michigan State University US Census DataBlack-owned companies had the lowest AI usage at all levels in 2023, with under 2% of companies reporting “high usage.” Meanwhile, almost 78% of white companies said they had “high use” of AI adoption. (Hispanic companies reported almost 9%, while Asian-owned companies reported about 11% in the same category.)
AI expands the already existing divisions as many companies run by marginalized groups do not have the same access to resources, training and funds to allow AI to be used effectively.
Hart said he sees grants and AI education provided through the Coramino Fund as one better way for others to take advantage of “me, my company, my resources, my partner.”
“It’s very exciting to be part of the conversation and find the best place to use it in a good way for yourself,” he said.
The Coramino Fund is leaning in terms of AI education 1st Street Partnershipa two-year-old company specializing in practical training to make businesses of all sizes more efficient and data-driven decisions.
Small business owners and entrepreneurs can apply for grants from now until April 23rd. Last year’s funding round was the Colamino Fund. Selected 50 businesses To receive the grant.
This story was originally introduced Fortune.com