Jennifer Matthews

Segment Producer, CBSN AM at CBS News 24/7

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Articles

Crypto Gains Banking Muscle With $2.3B in U.S. Investments By 2025

2 weeks ago | culturebanx.com | Jennifer Matthews

By Jennifer MathewsMajor U.S. banks are expanding crypto operations as regulators like the SEC and OCC ease restrictionsAnalysts predict banks will invest over $2.3B into crypto infrastructure by 2025In a bold move that underscores just how quick the financial tides are turning, central U.S. banks are ramping up their crypto operations as regulatory bodies ease longstanding restrictions.
AI’s $43 Billion Surge Is Rapidly Redefining Worker Futures

1 month ago | culturebanx.com | Jennifer Matthews

By Jennifer MathewsGenerative AI threatens to snatch away half of the gateway jobs crucial for upward mobility within Black communities between 2030 and 2060The looming economic consequences have the potential to exacerbate the already existing wealth disparities in the U.S. by a staggering $43B annuallyIn the evolving landscape of artificial intelligence, the looming specter of generative AI casts a shadow over the economic prospects of Black communities.
What America Needs To Know About Tariffs & Economic Uncertainty

1 month ago | culturebanx.com | Jennifer Matthews

By Jennifer MathewsIncreased tariffs could slash U.S. GDP growth by 0.8%, weakening America’s global economic standingEach 1% uptick in tariffs drains 0.1% from consumers’ disposable incomeTariffs aren’t just a headline in the news—they are directly impacting our wallets, communities, and futures. As the U.S. embraces protectionist policies, the economic ripple effect touches every corner of our lives, from the cost of daily necessities to job security.
Why Generative AI Has A $43 Billion Price Tag On Equity & Energy

2 months ago | culturebanx.com | Jennifer Matthews

By Jennifer MathewsGenerative AI consumes 33 times more energy compared to to machines running task-specific softwareIn the next two decades, Generative AI could widen the racial wealth gap by $43B As the world increasingly relies on artificial intelligence, we must examine its implications for society.
Could The U.S. Golden Visa Be A Pathway to Prosperity Or A Gatekeeper?

2 months ago | culturebanx.com | Jennifer Matthews

By Jennifer MathewsThe U.S. is considering a ‘golden visa’ program that grants residency to wealthy investors2025 is set to break records for millionaire migration with 142,000 individuals seeking alternative residency If you have $1 million to spare, America may be rolling out the welcome mat. The U.S. is reportedly considering launching a “golden visa” program– a policy with far-reaching cultural and economic implications.
Gen Z And AI Experts On The Rise As Chief Transformation Officers Fade Out

2 months ago | culturebanx.com | Jennifer Matthews

By Jennifer MathewsThe next five years will see key C-suite roles, including chief transformation officers rendered obsolete owing to the rapid innovation in AI technologyThe Gen Z demographic is projected to outnumber boomers in 2024 surpassing the overall workforceAs we enter a new era in the workforce, the traditional C-suite landscape is moving toward a rapid transformation.
Is DeepSeek’s AI Model Challenging Silicon Valley’s Tech Monopoly?

2 months ago | culturebanx.com | Jennifer Matthews

By Jennifer MathewsDeepSeek’s $5M AI model challenges Silicon Valley’s billion-dollar dominanceGlobal AI investment nears $320B in 2025 signals a shift in how emerging players can disrupt the market Silicon Valley has long dictated the rules of artificial intelligence, with OpenAI, Google DeepMind, and Anthropic pouring billions into developing foundational models. But DeepSeek, a Chinese AI startup, is shaking that status quo with a price tag that barely registers on the scale—just $5 million.
How AI-Powered Travel Is Reshaping Personalization & Privacy

Feb 19, 2025 | culturebanx.com | Jennifer Matthews

By Jennifer MathewsSynthetic data is filling critical gaps in the travel industry’s AI-driven revolution with usage expected to hit 60% by 2024Investments over $1T in AI infrastructure could enhance personalized travel experiences but raise concerns about privacy and ethicsThe travel industry is growing at a rapid pace, yet mainstream data collection overlooks many individuals—particularly the Black community.
Unpacking Generative AI's $43 Billion Price Tag On Equity & Energy - CultureBanx

Feb 12, 2025 | culturebanx.com | Jennifer Matthews

By Jennifer MathewsGenerative AI consumes 33 times more energy compared to to machines running task-specific softwareIn the next two decades Generative AI could widen the racial wealth gap by $43B As the world increasingly relies on artificial intelligence, we must examine its implications for society, mainly through the lens of the Black community.
Why 2025 May Be Bitcoin’s Biggest Year & Generate Wealth For All

Jan 29, 2025 | culturebanx.com | Jennifer Matthews

By Jennifer MathewsBitcoin’s climb to $100,000 by the end of 2024 has doubled its value from the start of the yearPresident-Elect Donald Trump’s endorsement may smooth out regulations, potentially signaling a “golden moment” for Bitcoin in 2025If you’d told me a year ago that Bitcoin would skyrocket to $100,000 in 2024, I would’ve said that was wishful thinking, seeing as Bitcoin was hovering over $42,000 in December 2023.