Apple, YouTube unveil US$100 mil funds for racial equity

CALIFORNIA: Apple Inc said on Thursday it will increase spending with black-owned suppliers as part of a US$100 million racial equity and justice initiative, while Google-owned YouTube said it will spend US$100 million to fund black artistes.

The efforts join a wave of actions by big companies, including banks and retailers, aiming to show support for the black community as recent protests in the US and elsewhere call attention to longstanding discrimination against African Americans.

The protests followed the May 25 death of George Floyd, a black man, while detained by Minneapolis police.

Apple chief executive Tim Cook in a video posted to Twitter said the iPhone maker seeks to increase minority representation among the firms it does business with.

Other moves will include programmes to foster black application developers and new initiatives to increase diversity and inclusion within Apple, Cook said.

YouTube chief executive Susan Wojcicki said in a blog post the video service would spend US$100 million over multiple years on “amplifying and developing the voices of black creators and artistes and their stories”.

The fund’s first video project, “Bear Witness, Take Action”, will premiere on YouTube at 6pm Saturday, Wojcicki said.