CBX Daily 12/22/2023

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CultureBanx Team
December 22, 2023

Today Rihanna’s lingerie business ethics are under fire, but let’s start with the big business of Black Santa’s being hired!!!

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Tis The Szn: Santa's Holiday Biz Levels Up At Malls

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For decades, Black families have searched for a Santa that reflects them in malls and department store chains, that are increasingly marketing holiday memories to get customers into stores. Despite the fact that St. Nick is a fictional character, Black Santa’s across the country can command nearly $400 or more per hour for their services. As the Christmas holiday rolls around again Black Santa’s remain booked, busy and sometimes hard to find. They could be the key to helping brick and mortar stores bring in more money during the season, thanks to the $1.7 trillion in spending power that African Americans possess.

Savage X Fenty Redefining Fashion While Facing Ethical Scrutiny

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Rihanna’s Savage X Fenty lingerie brand has been at the forefront of conversations for its rapid growth, innovative marketing, and bold stance on inclusivity. However, as the company positions itself for a possible initial public offering (IPO) potentially valuing it at $3 billion, it faces increasing scrutiny over its ethical practices that’s been rated lower than Shein.

Can ChatGPT And Google’s Bard Worsen Health Disparities For Black Patients?

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We can agree that all of humanity stands to gain if AI provides accurate and unbiased healthcare solutions, ultimately unlocking new ways to detect and fight disease. However, a recent Stanford study revealed ChatGPT and Google’s Bard answer medical questions with racist, debunked theories that harm Black patients. These tools have proven effective in business by reducing operational costs and increasing efficiencies, but also have the potential to worsen health disparities for African Americans.

Black Innovation’s Frontline: Wearable Tech Ventures Aims To Support 100 Underrepresented-led Wearable Startups By 2030

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Wearable technologies are revolutionizing the way we interact with the digital world. From smartwatches to fitness trackers, these devices offer convenience, accessibility, and a unique way to enhance our daily lives. This is where Wearable Tech Ventures, founded by Lakisha Greenwade, is a global ecosystem aiming to support 100 underrepresented-led wearable startups by 2030 plays a pivotal role. These tech advancements are not merely luxuries, the innovations they bring have a lasting societal impact on marginalized communities.

Under Fire: Cristiano Ronaldo Faces $1 Billion NFT Lawsuit

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Recent developments suggest that not all non-fungible token (NFT) projects have proven to be secure investments. Legal proceedings are underway as disgruntled investors target celebrities associated with NFT projects that have failed to deliver on promises. The latest global sports icon to be hit with a $1 billion NFT lawsuit is soccer star Cristiano Ronaldo, one of the wealthiest athletes, over his involvement in Binance CR7 NFT ads.

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