CBX Daily 1/19/2024

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CultureBanx Team
January 19, 2024

Today A.I’s touch in music is boosting streams, but let’s start with how student debts are dimming the dreams of black educated queens…

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The $1.6 Trillion Student Loan Debt Disproportionately Weighs On Black Women

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When the Supreme Court decided to block President Joe Biden’s student loan debt relief plan, it left well educated Black women across the country to bear a heavy financial toll. Black women own a disproportionate amount of the $1.6 trillion federal student debt total, with higher debt averages than any other demographic. These melanated and highly educated Black women have 43% more undergraduate debt than their white women counterparts.

Goldman Sachs Turns Up Culture With Music Streaming And A.I

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Streaming and A.I. take center stage in Goldman Sachs (GS -0.75%) latest series of ‘Music in the Air‘ report, with estimates for industry revenues to reach $92 billion last year and increase to $151.4 billion in 2030. Currently music streaming sales are dominated by top R&B and hip-hop artists such as Drake, SZA, Kendrick Lamar, The Weeknd, Lil Baby and Cardi B. Music publishers and labels also stand to profit greatly from the rise of streaming, led by Black listeners who are the largest user group.

Muy Bueno! Latin Music’s Unstoppable Takeover Fiesta

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The popularity of Latin music worldwide has helped highlight the beauty and richness of the Hispanic community’s culture. It has influenced the rise of other Latin songs and artists, facilitating the growth of the genre on an international scale which has managed to surpass the $1 billion revenue mark with the upward trajectory expected to continue.

Inside Nvidia’s AI Woes: Riding High on Chips But Grappling With Inclusion

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As Nvidia’s (NVDA -0.41%) stocks surge to record highs, its generative AI products drew sharp criticism for the inability to recognize and account for people of color. In an industry where nearly three-quarters of companies struggle to mitigate biases in AI, Nvidia’s shortcomings are particularly glaring. Obvious blind spots in this regard jeopardize not only its corporate image, but the very fabric of AI advancement.

Comcast’s Xfinity Hack Of Nearly 36 Million Users Could Disproportionately Impact The Black Community

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Comcast’s (CMCSA +0.09%) internet service arm, Xfinity, suffered a major data breach, compromising the personal information of nearly 36 million customers late last year. When it comes to data breaches they are often more problematic for people of color living on fixed or low incomes, therefore mitigating widespread damage from this data breach to these communities is imperative for Xfinity to restore consumer confidence.

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Kid Cudi saw it first! Black girls have been "Tortured” enough to get through school and it has to stop. Get into it in our CBX Vibes!