New data show that small businesses using AI are four times more likely to hire than to
cut jobs. Here is what Black entrepreneurs need to know to use this moment to build teams and close the wealth gap.
Jeff Bezos’ family office backed five AI startups in a single month, including a $12 billion round for Prometheus, while Black founders received just 0.32% of U.S. venture funding all year. The wealth gap isn’t closing; it’s accelerating.
America’s Black billionaires represent an array of industries and business ventures, the bulk of their wealth came from the sports or entertainment industries. The people on this list are worth $54.9B combined.
Creator driven Fintech platforms are helping content experts monetize directly as this industry could roughly double in size and reach $480B by 2027.
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