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- CBX Daily 8/6/2024
CBX Daily 8/6/2024
CultureBanx Team
August 06, 2024
Today Internet access for indigenous communities hits a stumble, but let’s start with how there’s a new billionaire trade and upgrade…
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Cultural Intelligence Download
How Inheritance Is Changing The Faces of U.S. Billionaires Wealth
CBX Vibe
With the ever-evolving landscape of wealth amassment, we're witnessing a significant shift from entrepreneurial billionaires to those inheriting wealth. The number of global billionaires has seen a 7% increase, totaling 2,544 individuals, according to a report from Swiss bank UBS. Their combined wealth has also risen by 9%, approximating a colossal $12 trillion. The impact of this change on Black wealth is an intriguing subject that deserves thorough exploration.
Digital Divide Deepens Amid Affordable Connectivity Program Shutdown
 CBX Vibe: | The U.S. Affordable Connectivity Program (ACP), a two-year initiative to make internet access more affordable, is on the brink of running out of funds, and Congress seems unlikely to intervene. The imminent end of the Affordable Connectivity Program (ACP) will leave an estimated 60 million Americans without subsidized internet access, significantly impacting the livelihoods of indigenous communities. |
Meet The Crypto Campaign Architects In The U.S. 2024 Election
 CBX Vibe: | This political cycle, crypto has become a bipartisan issue which may help determine the future of American leadership. Emerging from the shadows of America’s worries over: inflation, the value of the dollar, and geopolitical concerns, crypto is being embraced by Americans for its transparency, digital viability, and capped supply. According to the Crypto Council for Innovation, eight in ten crypto voters say that a “candidate’s position on cryptocurrency matters” and an 83% supermajority say they prefer a candidate who has clear rules for cryptocurrency and its investment. |
Multicultural Ad Spending Matters As Diverse Consumers Control Buying Power
 CBX Vibe: | Multicultural groups' consumer spending power is growing, despite industry ad spending not reflecting this power. It’s time for brands to get on board because nearly $1 out of every $5.75 of buying power in the U.S. belongs to an African American, Asian-American or Native American households. This is a significant shift from 2000 when that number was only 66 cents. Let’s take a look into the burgeoning importance of multicultural ad spending and its role in securing diverse customers. |
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. |
Vibes of the Week
Moving it ”On Up” with new faces for inheritance. Big Sean leads the way. Get into it in our CBX Vibes! |  |