Generative Artificial Intelligence Could Increase The Racial Wealth Gap By $43B, Report Says

Generative Artificial Intelligence Could Increase The Racial Wealth Gap By $43B, Report Says

Two things can be true at once. For instance, artificial intelligence (AI) could lead to advancement, but it could also lead to regression.

According to Forbes, a study by McKinsey’s Digital Practice and the McKinsey Institute for Black Economic Mobility showed that almost $2 trillion “in wealth” is expected to be created from generative AI in the United States — resulting in $500 billion reportedly going to households. What this means is that a “projected 143.4 million U.S. households in 2045 will get an average increase of $3,400 in new wealth.”

However, on the other end, since Black households are […]

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