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- CBX Daily 9/4/2024
CBX Daily 9/4/2024
Kori Hale
September 04, 2024
Today UMG and Meta are safeguarding creativity, but let’s start with whether AI’s wealth impact is fuelling growth or disparity…
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Cultural Intelligence Download
Can A.I. Fin-Tech Strategies Close The Racial Wealth Gap?
CBX Vibe
Leveraging A.I. driven financial tools has the potential to democratize access to wealth-building strategies and promote economic growth across communities. However, without careful consideration and regulation, these same technologies could exacerbate existing inequalities to closing the racial wealth gap.
Big Payday For Artists As Meta & Universal Music Group Tackle AI
 CBX Vibe: | Mark Zuckerberg’s Meta Platforms has partnered with Universal Music Group (UMG) to evolve commercial opportunities for its roster of songwriters and artists across Meta's platforms, including Threads, Instagram, Horizon and Messenger. The deal looks to cement both companies’ commitment to protect the work of "human creators" being pillaged by AI to create unauthorized content - a move that strikes a chord with thousands of artists, composers and writers who have raised their major concerns over copyright infringements. |
Hip Hop & ESports Giant $1.8 Billion Epicenter
 CBX Vibe: | There's a growing confidence and interest among Black professionals in pursuing entrepreneurship as a career path. In just four years, 1.6 million businesses have been created in the period between 2020 and 2023. This surge in entrepreneurial spirit is a positive development that can lead to increased representation, innovation, and economic empowerment within the Black community. |
The Secret Ingredients In The Black Business Boom
 CBX Vibe: | As the esports industry rises in value, hip hop artists and entrepreneurs are seeing the investment opportunities the sector provides. Esports is believed to be the next wave of competitive entertainment and everyone is taking notice, since it's expected to surpass $1.87 billion in revenue in by 2025, according to Statista. Hip hop in perpetuity is turning up the volume on esports growth by bringing in its loyal fan base. |
Is Privatization The Caribbean's Ticket To A New Era In SIDS?
 CBX Vibe: | SIDS (Small Island Developing States) is home to over 65 million people across 1,000 plus islands globally, accounting for over 16% of the global economy. They make up 0.5% of the surface area of the whole planet and cause less than 1% of the worldwide greenhouse gas emissions, yet the decisions of bigger nations impact these nations. They also have some of the highest electricity costs and face an average GDP loss of 1-8% due to fuel dependency and natural disasters. |
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