Google increasing its diversity by spending more money

With Google's business growing successfully, the internet giant is sitting on a mountain of cash. And its willing to spend $150 million to take on its ongoing challenge: expanding the technology industry's diversity.

Diversity reports have become something of a standard part of a tech company's public reporting since Google first released its statistics. Other large and notable companies such as Apple, Intel, Microsoft, Facebook, Twitter and others have joined in. The results have shown that diversity in the tech industry is mostly about white people and Asian people, while only 5 percent were black, Hispanic, or mixed race.

The report also concluded that the number of women, especially those that took leadership roles in the industry, was much lower than men.