Is AI a key to Black economic mobility or will it increase disparities? – The Bay State Banner
- Experts state that Artificial Intelligence can aid Black financial empowerment, but it is not the sole solution for economic growth, as systemic issues predate AI.
- A 2024 analysis revealed that Black households averaged $311,000 in wealth, compared to $1.4 million for White households, demonstrating the racial wealth gap.
- Experts cautioned that AI could exacerbate existing financial disparities, with 132,000 African American jobs at risk of displacement by 2030, according to a McKinsey & Company study.
- Lamar Laing emphasized the importance of addressing systemic issues rather than viewing AI as the ultimate answer for Black economic mobility.
5 Articles
5 Articles
Is artificial intelligence key to economic mobility or will it increase disparities?
From personal budgeting to investments, artificial intelligence can be a helpful tool when it comes to money. Still, today’s experts say there are many pitfalls to the technology, which can still discriminate in the same way as human beings. (Photo Credit: Unsplash/ Microsoft 365)By Leah MalloryArtificial Intelligence is definitely a tool for financial empowerment, but not the key to economic growth since the racial wealth gap predates AI, exper…
Transcend: Unlocking Humanity in the Age of AI
Faisal Hoque’s Transcend is a thoughtful, refreshingly human-centered look at our relationship with artificial intelligence. It doesn’t scream “tech hype” or drown in dystopian doom. Instead, it calmly, methodically—and honestly, kind of beautifully—asks us to reflect on what makes us human in the first place. Through two core frameworks, OPEN and CARE, Hoque offers practical tools for using AI responsibly, while never losing sight of ethics, pu…
AI Systems Train On Imperfect Data And Perpetuate Biases - The Daily Mississippian
What is artificial intelligence? Is it an innovation that will lead to a robot populated utopia, is it just another technological tool made up of ones and zeros or something in between? Professor Meredith Broussard was among those who tackled this question at the Jordan Center for Journalism Advocacy and Innovation’s symposium “Addressing the Impact of Social Media and Artificial Intelligence on Democracy” at the University of Mississippi on Apr…
Bridging the AI Skills Divide in the Automation Era
AI is transforming how we work by polarising skill demand – boosting opportunities for those with the right skills while phasing out routine jobs. Economies have already seen a rise in high-skill roles alongside a decline in many mid-skill jobs, a trend now accelerating with AI. Recent studies estimate that 40% of all working hours could be impacted by AI technologies like large language models. For business leaders, this shift presents a doubl…
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