Black residents in Chicago, IL, will be able to invest their dollars in its first casino. The TRiiBE reports locals gathered for an information session hosted by City Treasurer Melissa Conyears-Ervin and members of the Chicago Aldermanic Black Caucus to buy shares in Bally’s Casino, a $1.6 billion project in the 21st Ward that will also feature a hotel, a 3,000-seat theater, and a Riverwalk extension to Chicago Ave. A requirement for the casino is that at least 25% of the investment must come from minorities and women. “Tonight is about a new opportunity on how to participate, about not just being a consumer but to be an owner,” Ald. Ronnie Mosley (21st Ward) said at the pulpit of Third Baptist Church, according to the outlet. Conyears-Ervin added: “Remember when they legalized marijuana a few years ago? We knew that we were the community that was affected the most by it, but we felt that we did not have access to being owners. Well, this, ladies and gentlemen, is quite different.”...

In the wake of the catastrophic midair collision between an American Airlines plane and a U.S. military helicopter near Washington, DC — one of the deadliest in more than two decades — President Donald Trump has falsely pointed to Diversity, Equity, and Inclusion (DEI) policies as a possible contributor to the crash. Though there are urgent questions surrounding aviation safety and regulatory oversight, Trump has suggested that DEI initiatives “could have been” to blame despite no factual connection between diversity efforts and the circumstances of the crash. Yet, just days before this devastating collision, Trump made a decision that leaves questions about his judgement. Based on a report from the New Republic, he eliminated the full membership of the Federal Aviation Administration’s (FAA) Aviation Security Advisory Committee, a move that effectively removed key leadership that has overseen regulatory compliance and risk mitigation within the industry since 1988. He also fired...

OneUnited Bank is launching a new program to increase the Black homeownership rate in Miami, FL. Led by Kevin Cohee, chairman and chief executive officer, and Teri Williams, president and chief operating officer, OneUnited Bank has launched its Lift Up Homeownership program. This will directly benefit first-time Black, Latino, Native American, Asian, or Native Hawaiian/Pacific Islander customers in obtaining funding for a down payment on a home, the Miami Herald reports. “Our homeownership rates are lower, especially in this market,” Williams explained. “It’s too darn high to buy a home.” The bank launched the program in response to a surge in demand for financial assistance in homeownership. “People reach out all the time,” Williams said. “We said, ‘We got to do something different in 2025.’” Program participants who qualify and are accepted can receive up to $50,000 in unforgivable loans. If they remain in the home for five years, the loan won’t have to be repaid . Additionally,...

If you’ve been keeping up with the news regarding emerging technology such as generative artificial intelligence , you’re likely already aware of popular services such as ChatGPT and Meta AI. While these models have been disrupting the tech space for the last few years, one relative newcomer, DeepSeek, has recently made major waves and completely shifted the cultural perspective on the financial and computational requirements of artificial intelligence. Per reports, DeepSeek showcases a nearly identical generative capability when compared to GPT-4o, despite costing a fraction of the price to develop. Within days of hitting the American market, DeepSeek has decimated multiple major stock prices for companies including Nvidia, Microsoft and Meta. The headline-grabbing service has left investors and general consumers alike scrambling to catch up, asking questions about how this is all possible. Since DeepSeek is receiving such massive attention, now seems like as good a time as any to...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. “Oligarchy” is the word that has been spread across the internet and used to describe what has been observed during Donald Trump’s inauguration. “Oligarchy” is defined as “a country, institution, or organization led by a small group of people.” Observers saw the leaders of the most powerful tech companies in the world not just in attendance but sitting where friends and family sit. They had better seats than Trump’s cabinet. It’s not uncommon for business leaders to convene in Washington D.C. to usher in the exchange of power, but the previous relationship that Trump had with these tech CEOs, and its change to what is seen now, is something to take note of. Mark Zuckerberg, founder and CEO of Meta; Jeff Bezos, founder and CEO of Amazon; Sundar Pichai, CEO of Alphabet; Tim Cook, CEO of Apple; and, of course Elon Musk, CEO of Tesla, were all close to the president during his swearing in. Each one of...

University of Houston physics professor Donna Stokes has been recognized for her excellence in the field. For Stokes, her journey in science, technology, engineering, and mathematics (STEM) dates back to childhood. Her passion and performance in the field led her to Southern University where she was awarded a physics scholarship and obtained a bachelor’s degree in the field by May 1988. “When people ask me how I became a physicist, I always say, a scholarship brought me to physics and my passion for science and math kept me in the field,” she said in a news release shared with AFROTECH™. Stokes furthered her education at the University of Houston obtaining a Master of Science (1995) and a Ph.D. in physics (1988). She then exemplified her commitment towards the field, wearing several hats over the years within the Department of Physics and College of Natural Sciences and Mathematics’ (NSM), serving as an physics faculty undergraduate academic adviser and associate dean of...

UnitedHealth Group, one of the biggest players in U.S. healthcare, recently disclosed a significant cyberattack that compromised the personal data of nearly half the American population. The breach has left many questioning the security of sensitive health information in an increasingly digitized industry. To add to the complexity, the company has undergone a significant leadership transition, appointing Tim Noel as its new CEO during one of the most turbulent periods in UnitedHealth’s history. With millions of Americans watching, this moment could define the company’s legacy. How The UnitedHealth Cyberattack Exposed Sensitive Data Of Millions The cyberattack, as reported by The Detroit News, compromised sensitive information, including personal health records and financial data, affecting nearly 50% of the U.S. population. Cybersecurity experts have long flagged healthcare as a prime target for attacks due to the value of its data and the sector’s lagging security measures....

Microsoft reportedly has an interest in acquiring TikTok. According to BBC, President Donald Trump has revealed the tech company would like to purchase the platform and adds that there is “great interest in TikTok” from several companies.” At the time of this writing, Microsoft nor TikTok have confirmed or denied the matter. The update comes after 170 million users in the United States were temporarily left in the dark on Jan. 18, 2025, a day ahead of the app’s mandated ban by the U.S. government. As AFROTECH™ previously told you, last year former President Joe Biden signed a law requiring TikTok’s parent company, ByteDance, to sell the app to a U.S.-based company or it would be banned on Jan. 19 due to national security concerns. The Supreme Court unanimously voted to uphold the ban. Despite this, TikTok maintained its position on not selling to a U.S. company and took TikTok and its other applications — such as Marvel Snap, Lemon8, Hypic, and CapCut — offline in the U.S. The apps...

There are nuances surrounding the support of Black-owned businesses in the wake of companies dismantling their DEI efforts. Walmart and Target are among the major companies that have boldly announced they will scale back their efforts in diversity, equity, and inclusion. This list also includes Meta, Amazon, McDonald’s, and Nasa. “We’ve been on a journey and know we aren’t perfect, but every decision comes from a place of wanting to foster a sense of belonging, to open doors to opportunities for all our associates, customers, and suppliers, and to be a Walmart for everyone,” Walmart said in a statement, according to AdWeek. Walmart’s shareholders do not align with its board of directors, expressing “deep disappointment,” as AFROTECH™ previously reported. What’s Going On At Target? Target has followed suit, placing a red light on its three-year DEI commitment. According to NBC News, the retailer will no longer send reports to an external diversity-focused group and will dismantle its...

NASA, an independent agency of the U.S. government, will no longer be upholding DEI efforts. In a press release, NASA shared its plans to comply with executive order “Initial Rescissions of Harmful Executive Orders and Actions,” which President Donald Trump issued when he was inaugurated on Jan. 20, 2025. The order revoked Executive Order 13985 of January 20, 2021 (Advancing Racial Equity and Support for Underserved Communities Through the Federal Government). It also revoked Executive Order 14091 of February 16, 2023, which further advanced those initiatives, according to the White House. As a result of the recent order, federal agencies are now adhering to guidelines to dismantle diversity, equity, inclusion, and accessibility (DEIA) efforts. Looking to set an example, the Trump administration placed its federal DEI employees on paid leave as “the agency takes steps to close/end all DEIA initiatives, offices and programs,” as AFROTECH™ previously reported. The NASA Science Mission...

Hip-Hop icon RAKIM is aligning himself with artificial intelligence (AI). According to a news release, the rapper, who released the studio album “G.O.D.’s Network” in 2024, is now the founder of the fintech platform Notes Technology, which will benefit artists by providing them access to loan and credit providers to fund creative projects, AI-powered education around financial literacy and entrepreneurship, and fintech tools to manage capital and income. By merging music, finance, and technology, Notes seeks to empower artists with the tools they need to succeed and maintain control over their careers. “With Notes, getting ‘paid in full’ is beyond just the money, it’s also about the knowledge and understanding of the urban music game from a position of being conscious of how it all works as a business, and how to leverage that to thrive and succeed as independent urban music artists and creators,” RAKIM said in a statement shared on the company website. Notes Technology’s other...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. President Donald Trum p, who was once a cryptocurrency skeptic, has now yielded to many of the industry’s demands, such as easing federal regulations and oversight. From appointing cryptocurrency advocate and former Securities and Exchange Commissioner Paul Atkins to reprise his old role, to launching his own meme coin, Trump has chosen to embrace cryptocurrency . A few years ago, cryptocurrency was touted as the new form of currency. We wouldn’t be using archaic financial currency and stick to this revolutionized way of transactions. Although some people have made a lot of money off of crypto, its intended use as a decentralized banking system hasn’t been realized. Cryptocurrency is still very new, so new that engaging in it feels comparable to gambling. Trump lifting regulations to give cryptocurrency his blessing bodes well for the industry. A day after announcing Paul Atkins as his pick, the...

Addressing the talent gap is essential to mitigating cybersecurity risks effectively. The United States has seen a wave of cybersecurity attacks over the years. In 2024, The Guardian reported that Volt Typhoon, a Chinese hacking group, infiltrated the networks of critical infrastructure organizations, including aviation, rail, mass transit, highways, maritime, pipelines, water, and sewage systems. U.S. intelligence revealed that the group had maintained access to some victim IT environments for over five years. Among the high-profile incidents, MGM Resorts faced a staggering $100 million loss. They were hit with cybersecurity attacks, leading them to shut down their systems in September 2023 “to mitigate risk to customer information,” according to NBC News. This meant workers could not access company emails, slot machines were inaccessible, and some customers could no longer enter their hotel rooms. Despite these measures, the hackers were still able to retrieve sensitive...

Jay-Z will be launching a groundbreaking partnership, marking a first in the United States. Billboard reports that Jay-Z’s Roc Nation, a full-service entertainment company, has partnered with South Korean fintech company Musicow to introduce “the first Music Equity Service Provider in the United States.” This will give U.S.-based music fans a rare opportunity to obtain partial ownership of songs created by their favorite artists, while also earning a share of the revenue generated from sales. This will be made possible by giving artists the ability to fractionalize their royalty revenue and sell shares of their tracks to individual investors, creating an all-around win for everyone involved. “The music industry is evolving into a shared ecosystem where fans and creators can earn together,” Roc Nation Vice Chairman Jay Brown said in an interview with Billboard. “Our mission is not only to support and empower artists by providing the tools and services they need to build a better...

TikTok is a home for brands to thrive. The platform, which is home to 170 million active users in the United States alone, is becoming a trusted destination. According to TikTok’s 2025 What’s Next report, 81% of users were exposed to new topics and trends that they were not aware were initially of interest to them. It’s for these reasons that the term “demure” took off in 2024. It was popularized by TikTok creator Jools Lebron through a series of witty videos and was named Dictionary.com’s 2024 Word of the Year. “It’s changed the way we shop. It’s changed the way we travel. It’s changed the way we search. It’s even changed the way we speak,” said Head of North America Business Marketing TikTok Rema Vasan during CES 2025. The Power Of Tuning Into The Comment Section Through TikTok, brands have the ability to strengthen their connection with consumers. In fact, users are primed to see their favorite brands on TikTok, with 68% affirming the importance of brands engaging in their...