Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. President Donald Trump has gone all in on his tariff crusade, announcing last week a 10% tariff on almost every country with even higher tariffs on specific countries. From beauty and food to car automation , every industry is currently reeling with the stock market dovetailing, and the potential negative aftereffects will be felt for decades to come. However, the now billion-dollar AI industry is at risk of being decimated thanks to Trump’s tariffs. Pro-crypto and pro-AI fanatics have curried a lot of favor with the president, so much so that many of them have been appointed as high government officials to advance America’s standing in the global AI race. Even though Trump has reversed his initial thoughts towards technology, his insistence on tariffs may hurt the AI industry after all. According to Time, AI companies, along with several other industries, lost billions of dollars when the tariffs...
Will Packer knows a thing or two about spotting a good story. With films like “Ride Along,” “Think Like a Man,” and “Stomp the Yard,” he’s turned everyday moments into box-office gold, built characters we root for, and created cultural blueprints that stick. But when the call came offering a confidential shot at owning a piece of an NFL team — no details, no guarantees — this wasn’t a plot twist in a film. This was real life. And it didn’t come with a pitch deck or press release. It came with a non-disclosure agreement and the vaguest of possibilities. “I said, NFL? National Food League?” Packer joked. “Because I know the NFL doesn’t just let people in.” The terms? Mysterious. The team? Unknown. The risk? High. But Packer signed the NDA anyway. That moment — unflashy, uncertain, but undeniably bold — set off a chain of events that would lead him not just into the NFL ownership circle but into a growing movement to rewrite what power and equity look like in professional sports. Fast...
Yale University students Nathaneo Johnson And Sean Hargrow have launched what they call “the first AI social network.” Business Insider reports that the duo was inspired to found Series because vanity metrics, such as likes and follower counts, were becoming a barrier to connection on platforms such as LinkedIn, X (formerly Twitter), and Instagram. “I see it within our generation, the FOMO, the ‘I’m not good enough, I won’t reach out to that person, he’s better than me,'” Hargrow told Business Insider. “Forget your likes, forget your followers, let’s focus on who you are and what you can bring to the table and what you need, and what somebody else can bring to your table if it makes sense.” In 2024, Series was founded with a focus on student entrepreneurs . The platform allows people to chat with an “AI Friend,” whether they’re using an iPhone or Android, to gauge what kind of connections they’re looking for. From there, the AI agent matches them with another Series user who fits...
The Global Gaming League (GGL), a professional gaming entertainment organization featuring celebrity team owners, has successfully raised $10 million in its SAFE round, led by the private equity group Solyco Capital, according to a news release. Founded by multi-platinum music producer and entrepreneur Clinton Sparks, in collaboration with Grammy Award-winning artist T-Pain and tech visionary Jeff Hoffman, GGL is building the first entertainment system that monetizes the world’s largest and most engaged audience: the more than 3 billion people who play video games. “There are over 3 billion gamers around the world,” Sparks said. “But there’s still no centralized platform that gives everyday players the spotlight—while authentically connecting brands, celebrities, and competition in a way that’s truly entertaining. That’s where GGL comes in.” Each GGL team has four players — including high-profile influencers , actors, athletes, artists, and casual and professional gamers — competing...
In 2025, America’s higher education landscape is being reshaped by a wave of federal funding cuts and political pressure from the Trump administration. Universities across the country are under scrutiny, not only for how they handle civil rights issues but also for their participation in diversity and inclusion initiatives. As a result, many schools have already begun scaling back their scholarship offerings , cutting graduate research funding and even laying off staff. This shift marks one of the most significant challenges to U.S. higher education in decades, particularly affecting institutions that rely heavily on federal research grants. With billions of dollars in play and political agendas now influencing financial support, students and faculty alike are facing an uncertain future. The Federal Clampdown On Higher Education (RUT MIIT/Unsplash) The Trump administration’s approach to federal funding has caused ripples across nearly every sector of higher education . Historically,...
Beyoncé haircare line is shattering projections at Ulta Beauty. As AFROTECH™ previously told you, in early 2024 the “Cowboy Carter” artist launched Cécred, a science-backed and self-funded haircare brand that was six years in the making, with inspiration from her mother Tina Knowles’ salon. Its products cater to all hair types and include a clarifying shampoo, scalp scrub, moisturizing deep conditioner, and r estoring hair and edge drops, which reached its first-year projections in just one month, WWD reports. View this post on Instagram A post shared by CÉCRED (@cecred) Cécred secured a retail deal with Ulta Beauty, bringing its products to 1,400 Ulta Beauty stores starting April 6, 2025. A party was held at Ulta Beauty’s Westwood location in Los Angeles, CA, to celebrate its launch with Beyoncé sharing kind words. “I grew up in a hair salon, as most of you guys know, with my mother, and this was [our] dream,” Beyoncé said at the event, according to Glossy. “Our team worked so...
A group of students claims a New York school backed by Jay-Z underdelivered on its promise. According to the Gothamist, a group of students is alleging that the Roc Nation School of Music, Sports & Entertainment at Long Island University (LIU) Brooklyn overpromised on financial awards to fund their eduction. Several offer letters the students have received from the school describe incentives such as a “full-tuition scholarship” and “financial grants” that would allow them “to graduate without debt.” However, the letters did not mention that the financial awards would not cover housing costs or certain academic fees, which can add up to more than $22,000 per year. “I am pleased to share that you have been awarded a Hope full-tuition scholarship… This scholarship, combined with financial grants will allow you to graduate without debt. As a Hope scholar, you don’t have to worry about tuition charges,” an email from the school’s academic adviser read. One student, Justice Stephenson,...
Growth Warrior Capital has raised new funding to support enterprise companies being fueled by artificial intelligence (AI). The operator-led venture firm, which invests in early-stage Enterprise AI companies, was created by Promise Phelon, a former Silicon Valley tech CEO with more than 15 years of experience as an angel investor. According to a news release shared with AFROTECH™, her career trajectory has led to an expansive network , some of whom have now invested in Growth Warrior Capital’s first fund, which totals $26 million. Limited partners include Ho Nam and Han Kim (Altos VC) and well as Seth Levine and Brad Feld (Foundry). Amazon Catalytic Capital, Bank of America, Bessemer Venture Partners, Pivotal Ventures, and more are also listed as limited partners. “My goal is to be the first VC fund of significant scale run by a woman of color,” Phelon, founder and managing partner, said in a news release. “We have the backing of VC industry legends, and their support is proof of...
The United States Immigration and Customs Enforcement (ICE) has received clearance to request personal information from the Internal Revenue Service (IRS) about undocumented taxpayers. On Monday, April 7, 2025, the Department of Homeland Security (DHS) and the IRS filed a memorandum of understanding (MOU) signed by Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem, according to The Guardian. The agreement gives immigration enforcement officials unprecedented access to help President Donald Trump fulfill his promise of mass deportations as his administration continues to investigate undocumented immigrants still in the country after receiving a final removal order from a judge. “As laid out in the MOU, DHS can legally request return information relating to individuals under criminal investigation, and the IRS must provide it,” per a court filing, which outlines the procedures for making such requests and specifies the role of each agency in accessing the...
Black wealth, especially at the billionaire level, remains a statistical anomaly in global finance. But in 2025, that narrative continues to shift — if only incrementally. According to Forbes, out of 3,028 billionaires worldwide, only 23 are Black, representing less than 1% of the list. Despite this underrepresentation, these 23 individuals collectively hold an impressive $96.2 billion in wealth. The figures tell one story. The names behind them tell another story — one of legacy, innovation, cultural power, and long-game strategy. This year, two notable newcomers joined the global roster of Black billionaires: Sheila Johnson, the media and hospitality powerhouse, and Herriot Tabuteau, a biotech founder with a focus on brain health. Both represent not only financial achievement but industry-specific influence in spaces where Black leadership is often overlooked or underestimated. Who’s New To The 2025 Black Billionaires List? Sheila Johnson, widely known as the co-founder of Black...
Lewis Hamilton has made it his mission to diversify his sport. Hamilton, raised in North London, England, began racing at 8 years old and experienced a lack of representation in the sport firsthand. However, winning created an opportunity for him to feel accepted, he admits in conversation with GQ. “Being the only Black kid on the circuit, struggling at school, really always my big drive was acceptance — ‘If I win the race, I will receive that acceptance in this world,'” he expressed. View this post on Instagram A post shared by AFROTECH (@afro.tech) Hamilton began to allocate a lot of his time towards go-karting at a young age with the support of his father, Anthony, who was his mentor and manager, Formula 1 reports. Anthony simultaneously had three jobs at a time to support his son’s driving career. The sacrifice would pay off even within Hamilton’s childhood years. “We won the first six races…Then we just kept going. We kept winning. We kept winning championships,” Hamilton...
Spill is allowing its users to have a stake in its success. As AFROTECH™ previously reported , the social media app was created by Alphonzo “Phonz” Terrell and DeVaris Brown who had both worked for Twitter. In 2022, Terrell was laid off around the time Elon Musk had acquired the platform now known as X, while Brown had exited the company in 2020. Terrell says the focus in Spill’s creation was to support his colleagues and to answer a personal call, which was branching out to build a new platform. “Starting as a non-technical founder, that was a pretty daunting challenge. And I think it was that mindset of just determination that no matter what, I’m going to figure out a way to make something,” Terrell shared on the “Black Tech Green Money” podcast hosted by AFROTECH™ Brand Manager Will Lucas. “If I don’t raise a dollar, if I got to do whatever, everything starts, I think, from that particular mindset, and that is what’s magnetized.” He continued, “I think the type of energy that...
Chief Administrative Officer Corenza Townsend has opened a hospital in Louisville, KY. According to CBS News’ “Eye On America,” the idea was first planted eight years ago when Townsend was working as a nurse manager at a hospital in the Norton Healthcare system. She boldly pitched the concept of opening a hospital in Louisville’s majority-Black West End neighborhood to Norton Healthcare’s CEO. “We had this plan,” Townsend explained, according to the outlet. “It wasn’t in writing yet. We happened to see Russ Cox, our CEO, walking to the bathroom. So we stalked him outside the bathroom… Nobody thought he would actually say yes. He said, yes. He just listened to us and he said, ‘Let’s do it. What do you need?'” In late 2024, the Norton West Louisville Hospital reached the finish line after a two-year-long process. Its opening is especially timely, as the area had been without a hospital for over 150 years. “The life expectancy in West Louisville is about 12-and-a-half to 15 years...
President Donald Trump’s 10% tariff on all countries took effect over the weekend, and on Monday, April 7, U.S. stocks fell by at least 20%, entering what is known as a “bear market,” CNN reported . According to Dictionary.com, a bear market — the opposite of a bull market — is a prolonged period of declining stock prices , generally defined as a drop of 20% or more from a recent high, though not a formal measurement. On Thursday, April 3, stock markets had already experienced their worst day since the start of the COVID-19 pandemic in 2020, AFROTECH™ reported. Then came Friday with another record drop. The S&P 500 index, which tracks 500 leading U.S. companies, fell by over 4%, marking a decline of more than 16% from its peak. The Russell 2000 index, which follows smaller U.S. companies, plunged by 5.3%. The tech-heavy Nasdaq Composite index — already in a bear market — had experienced a decline of over 5% on Thursday, marking its worst trading session in more than five years. It...
The Russell Innovation Center for Entrepreneurs (RICE), dedicated to expanding opportunities for Black entrepreneurs in Atlanta, GA, and beyond, has received a $2 million donation from The Arthur M. Blank Family Foundation. According to a news release, Blank’s donation will help the center move forward with RICE 2.0, a hub for innovation, collaboration, and economic empowerment that will provide essential resources for Black business founders, including small business grants, expanded programming, and mentorship opportunities. “This investment reflects our chairman’s entrepreneurial journey and his commitment to giving back to Atlanta, a city that has given him so much,” Blank Foundation President Fay Twersky said. “RICE’s extraordinary work supporting entrepreneurs creates pathways to economic mobility and opportunity. By investing in entrepreneurs at all stages, we’re fostering collective thriving where individual success strengthens entire communities.” In 1978, Arthur Blank...
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