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- CBX Daily 9/5/2024
CBX Daily 9/5/2024
Ariel Solomon
September 05, 2024
Today we are wondering if AI can mend the racial wealth gap crack , but let’s start with how Kanye’s court battle is helping Adidas dodge investor attack…
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Kanye Controversy Ends In Courtroom As Adidas Dodges Investor Lawsuit
CBX Vibe
Adidas can enjoy a brief sigh of relief as Judge Karin Immergut has agreed to dismiss a lawsuit brought on by Investors, in a post-Yeezy sneaker universe. For years, rapper Kanye West had been making headlines for his erratic behavior and extreme remarks, ultimately leading Adidas to cut ties in 2022, following his anti-semitic remarks. Investors claim that they were not effectively warned about West’s behavior before this occurred. The judge however sided with Adidas, stating that Kanye West had exhibited such behavior for quite some time, and that Adidas did not 'mislead' investors.
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. |
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