CBX Daily 7/31/2024

Author

Jeanette Brown
July 31, 2024

Today FTC cracks down on the data and price hikes mystery, but let’s start with how a digital duo teams up to change the healthcare industry…

Cultural Intelligence Download

ChatGPT And Google’s Bard Challenge Health Disparities For Black Patients

CBX Vibe

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.

Is Your Data Fueling Price Hikes? FTC Launches Crackdown

CBX Vibe:

In a fair world, the pricing of goods and services should be built on transparency, equity and fairness. But because fairness is something we have to fight for, some eight companies are not playing fair and using your data to inflate prices. The Federal Trade Commission (FTC) is looking into claims that these companies, including MasterCard, McDonalds and Starbucks are using surveillance pricing to adjust prices quickly, potentially impacting consumer privacy, competition, and protection.

Luxury Retail Dominance Ramps Up With Saks Buyout Of Neiman Marcus

CBX Vibe:

Saks Fifth Avenue has set its affluent sights on Neiman Marcus Group to tighten its stronghold in the retail market. A $2.65 billion deal is being drawn up by Saks Fifth parent company to buy its deluxe rival Neiman Marcus Group, which owns Neiman Marcus and the Bergdorf Goodman brand. The deal will be made even sweeter by an injection of cash from Amazon and Salesforce who will hold a minority stake too. This comes after sales in the retail industry dropped by 0.8% in Jan 2024 signaling shoppers’ financial constraints.

White House Mobilizes $1 Billion In Capital For Latin American Founders

CBX Vibe:

In a groundbreaking move from the White House $1 billion has been earmarked to fuel the dreams of Latin American entrepreneurs across the Western Hemisphere, with the launch of the Americas Partnership Investor Network. This massive injection of capital is set to shake up the start-up scene, promising to spark innovation and drive economic growth.

The Counterfeit Market Is Faking It Big As It Targets $1.79 Trillion By 2030

CBX Vibe:

In this lifetime, you've probably purchased a counterfeit product knowingly or unknowingly. Of course they're enticing because they're cheaper and look exactly as the original. On the downside, it widens the unemployment gap as 5.4 million jobs are lost globally due to counterfeit products. Unfortunately, job losses is just one of the side effects of this growing market. The significant expansion in the counterfeit market is fueled by consumers where in the U.S. alone, 80% of counterfeit shoppers reside.

Vibes of the Week

Bard and ChatGPT, ”Ya Don’t Stop” what y’all doing. It might change the world. DJ Premier, Lil Wayne, Rick Ross and Big Sean in our CBX Vibes!