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If you spend most of your time online, you may have experienced the Dead Internet Theory; a speculative concept suggesting that bots and algorithms generate most internet content, marginalizing genuine human engagement and communication. According to this theory, algorithmic curation dominates the digital landscape, forcing organic human activity to the sidelines. But what’s behind this theory, and how does our growing reliance on artificial intelligence play into it? What Is The Dead Internet Theory? We now exist in an increasingly digital world where the idea of stumbling upon something new and organic fades away, and algorithms predict our every move before we even make it. That’s the essence of Dead Internet Theory. The fun of exploring the internet has already started disappearing as AI learns what we want online, limiting the organic material we can view. A few users on X, formally known as Twitter , are worried that this trend will continue and might lead to the downfall of...
There’s a new Houston-based academy focused on transportation and logistics, and there’s a Black woman behind it all. In fact, she’s is the first Black woman to own a Houston-based academy of this kind in history. Meet Tajuana Roberts, the founder of Roberts Transportation & Logistics Academy. The Houston-based academy is an offshoot of her company, Roberts Freight Dispatching Services. Roberts Freight Dispatching Services became a reality in 2017, in the wake of the devastation wrought by Hurricane Harvey. Roberts, who was left homeless as a result of Harvey, once provided knowledge on an ad-hoc basis. However, she knew that she wanted to provide a solution for the masses. Her company helped many people in the Houston area with their displacement issues, and they especially helped women who had been incarcerated and/or came from low-income families by providing them education, training, employment, and financial empowerment services. And these additional services — “add ons,” if...
San Francisco has a goal to reinvest its multi-million dollar police budgets into Black-owned businesses in its community. According to an announcement from San Francisco Mayor London N. Breed, she shared that the city would be awarding $3.75 million from the Office of Economic and Workforce Development (OEWD) and the San Francisco Human Rights Commission (HRC) to its small Black business community as a means to divert the $120 million funding from law enforcement. The new move is part of the city’s Dream Keeper Initiative, which aims to mitigate the economic hardships in San Francisco’s Black community and help support rebuilding its economic power. “Across this country, and in our City, we’ve seen how the Black community’s economic growth and prosperity has historically been disrupted and marginalized,” Mayor Breed said in her statement. “This funding is part [of[] our efforts to undo the harm of generations of disinvestment and economic inequities. As we work to recover and make...
The African American Sports & Entertainment Group (AASEG) — which was founded with a primary purpose to create economic equity within the Black community through sports — is on a mission to become the first Black-owned ownership group in the NFL to bring professional football back to its city of Oakland, CA. According to The Undefeated, the group has put in a bid on the Oakland Coliseum site with a plan to get a professional football team back in its hometown and make history in the process. The outlet reports that there are owners in the league that represent a total of 32 NFL teams — two that are people of color and none of which are Black. AASEG is hoping to change that and create a historical moment that will break the existing color barrier amongst the league, allowing Black people to have a piece of the pie too. “We feel like this is a Jackie Robinson moment,” Raymond “Ray” Bobbitt — the creator of AASEG and founder of an Oakland-based facility management and urban consulting...
Small business lender, CDC Small Business, and Community Development Financial Institution, Capital Impact Partners, have partnered to create financial and programmatic support for small Black-owned businesses in Detroit, Los Angeles, and the DMV. In the 41 years the two companies have been operating, they have made over $23 billion in their respective areas of focus for the benefit of small business financing and community development, reports Black News . “Capital Impact and CDC Small Business Finance are industry leaders with a track record of driving innovative community development with an equity lens,” said Ted Archer, Head of Small Business Forward at JPMorgan Chase, according to a press release . “Now, at a time when CDFIs and CDCs play a critical role in the COVID-19 economic recovery, their alliance reimagines the scope, scale and impact mission-based lenders can have on underserved communities.” With the help of a $4 million grant from JPMorgan Chase and a grant from...
Since the start of COVID-19, the U.S. has been rocked to its core as unemployment continues to rise while displacing many Americans from their jobs — specifically those a part of disinvested communities who have especially felt the effects of the pandemic. Over 100 days later and the country is still in search of answers to our socioeconomic issues as they relate to unemployment. However, thanks to these nonprofit organizations, we can expect to see a change on the horizon. XPRIZE — a nonprofit organization that uses global competitions to crowdsource solutions to some of the world’s biggest challenges — and New Profit — a nonprofit venture philanthropy organization that backs breakthrough social entrepreneurs in America — have joined forces. The two have announced a competition called XPRIZE Rapid Reskilling — powered by XPRIZE and MIT Solve — that aims to reinvent job training methods for displaced workers and get people back to work. The XPRIZE Rapid Reskilling Prize contest...
A recent McKinsey study of U.S. workforce trends reveals that automated services are set to replace 22 percent of positions by 2030. The majority of workers who hold those positions are African Americans, who will lose approximately 132,000 jobs. According to the study, African Americans will have “ one of the highest rates of potential job displacement when compared with other groups .” The reason is that African Americans tend to occupy positions that pay lower wages, such as cashiers, customer and food services associates, and attendants. Those positions are ones that can be easily eliminated through automation. While this news is not positive for African Americans, it has a more sobering effect at the intersection of race and gender. Automation will more negatively impact African American men ( 24.8 percent ), who may not possess college degrees, than women ( 21.6 percent ), who may occupy positions with a strong growth track, such as nursing attendants. McKinsey offers possible...
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners. Though it may seem like giant corporations like Amazon command the U.S. business landscape, small businesses continue to be the backbone of most local economies. The U.S. Small Business Administration estimates that 99.9% of ventures, or 30.7 million companies, qualify as small businesses. However, the SBA’s definition of a small business is broad. To qualify, businesses must meet or fall below the maximum revenue and employee count that the SBA sets for each industry. Revenue limits span $750,000 to $38.5 million, while employee requirements range between 100 and 1,500 people. But the vast majority of small businesses are much smaller — 89% have 20 or fewer employees. For this study, MagnifyMoney researchers only considered businesses with fewer than 10 paid employees, firms that may...
For the past few decades, Silicon Valley has been thought of as the heart of America’s tech industry. It now hosts the headquarters of thousands of tech companies, including Apple, Facebook, Netflix, and more. While Silicon Valley has dominated the scene, other cities are on the come up, as well . Atlanta, Georgia, Raleigh, North Carolina, and Austin, Texas are just a few of the communities more recently seeing their tech scenes begin to boom. However, as other cities transform into tech enclaves of their own, it poses significant questions about how to ensure the harsh consequences of Silicon Valley are not repeated throughout the country. “While Silicon Valley often makes headlines for innovative technology and disruptive ideas, local families are experiencing a very different kind of disruption: displacement from their homes,” Justine Marcus of the Urban Displacement Project wrote. Marcus also added: “Rents and housing prices have far outpaced relatively stagnant wages for...
In 2017, Airbnb launched an Open Homes initiative encouraging hosts to open up their homes to displaced people — including immigrants, refugees, and those escaping climate disasters. However, not everybody can afford to open up their homes for free. Now, Airbnb has introduced a tool to help people who are in need of temporary housing. “Introducing Donations, a new feature where hosts can donate a percentage of their earnings to nonprofits that connect people with free housing during times of need,” Airbnb tweeted. Nonprofits will receive 100 percent of the donations gathered through the new initiative. Airbnb has partnered with organizations like the International Rescue Committee, All Hands and Hearts, Make A Wish Foundation, and more. All donors have to do is select a percentage of their earnings that they want to give. Donors get regular updates letting them know how their contributions have helped people. Introducing Donations, a new feature where hosts can donate a percentage...
Airbnb makes traveling easier and cheap, but the company is also having a significant impact on America’s housing crisis. Recently, New York City subpoenaed Airbnb for data on roughly 20,000 of the company’s listings to make sure laws regarding short-term rentals aren’t being violated. During an interview Monday on Inside City Hall, New York City Mayor Bill de Blasio explained the recent subpoena from the Office of Special Enforcement, saying, “If your apartment was rented out every single day, it’s not your apartment anymore. It’s a business.” New York City’s fight with Airbnb isn’t anything new. In 2016, New York attempted to make it illegal to list entire apartments on the platform — or any similar site — for periods of less than 30 days. According to CNN, the law’s proponents said it targeted those practices because they remove potential rental housing from the market and deny the city tax revenue. The subpoena comes not too long after a September 2018 report from Comptroller...
Airbnb has changed how millennials travel — taking the hassle out of booking expensive hotel rooms. Backyard, the company’s new initiative, is revamping the housing market. Fast Company first reported Airbnb would begin selling and designing affordable homes in 2019. Now Backyard buildings will be designed by Airbnb’s in-house studio, Samara. The goal of the initiative is to reshape how homes are designed, manufactured and sold, while being environmentally friendly. “The way buildings are made is outdated and generates a tremendous amount of waste. In order to meet the demands of the future, whether it be climate displacement or rural-urban migration, the home needs to evolve, to think forward,” Airbnb Co-founder and Chief Product Officer Joe Gebbia said in a press release. The Backyard homes are optimal for Airbnb hosts — hosts can buy the homes for the specific purpose of renting them through Airbnb. However, renting out the spaces is not a requirement when buying. Airbnb’s...