CBX Daily 1/3/2024

Author

Jonathan Ntege Lubwama
January 03, 2024

Today the fitness industry is taking center stage, but let’s start with your AI’s huge 2024 utility wave!!!

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Artificial Intelligence Is Leaping From Hype In 2023 To Utility In 2024 

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In 2023, artificial intelligence (AI) leapt from the realms of hype into the hands of real-world users, marking a new chapter in its evolution. This shift was catalyzed by advancements in generative AI, capturing the attention and capital of investors who envisioned a seismic change in our digital ecosystem.Bloomberg Intelligence projected an AI market boom from $40 billion in 2022 to $1.3 trillion by 2032, with the technology becoming the backbone of various sectors, from coding enhancements to infrastructure development. 

Should Your New Year's Resolution Be To Own A Gym, Not Just Go To One?

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The most popular resolution is getting fit, but maybe it should be growing your wealth. When it comes to the January workout warriors they are typically short lived, with 14% of them quitting by February, and 80% quitting within the first five months. However, millennials will spend over $100,000 in fitness related purchases including gym membership in their lifetime. Since $1.8 billion are spent on unused gym memberships annually, you can have a gym with little foot traffic and still make money.

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.

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