Investments in Black-owned banks 5 years after George Floyd's murder
Marketplace Morning Report
American Public Media
4.5 • 808 Ratings
🗓️ 22 May 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
After a white police officer murdered George Floyd in Minneapolis, big banks announced plans to invest millions of dollars in smaller, Black-owned banks across the country to help those banks make more loans to small businesses in underserved communities. We'll hear from one South Carolina bank about how loan efforts are going. Also on the show: OpenAI is investing in hardware, and unions are receiving higher approval ratings.
Transcript
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| 0:00.0 | OpenAI is investing in hardware. |
| 0:05.0 | From Marketplace, I'm Sabrina Beneshore and for David Brancaccio. |
| 0:08.0 | We think of artificial intelligence as like a service that you use in any old app or a search, |
| 0:14.0 | but Open AI, maker of ChatGPT, is reportedly dropping $5 billion to buy a gadget startup focused on creating a new AI-focused physical product. |
| 0:23.9 | The startup was founded by Johnny Ive. |
| 0:25.5 | That's the guy who helped create the iPhone and IMac. |
| 0:28.2 | Marketplaces, Nova Sappho has more. |
| 0:30.5 | You may remember Apple device launch videos of a bygone era featuring the soothing voice of designer Johnny Ive. |
| 0:38.6 | An aluminum body and formed sheet of glass describe a singular shape. |
| 0:44.8 | Well, that shape, a smartphone, has been the same for decades and is now serving up AI tools. |
| 0:50.1 | In a new video, Ive and Sam Altman announced that OpenAI is buying IVE's gadget startup I.O. |
| 0:56.8 | And teasing a new chat GPT-focused product to come. |
| 1:01.0 | Johnny recently gave me one of the prototypes that the device for the first time to take home, |
| 1:04.7 | and I think it is the coolest piece of technology. |
| 1:08.7 | When we'll see this technology, Altman didn't say, but the aim is to |
| 1:12.7 | reduce chat GPT's need for the physical gadgets of other companies, such as Google and Apple. |
| 1:18.7 | I'm Nova Safa for Marketplace. |
| 1:21.0 | Fewer than 10% of American workers are currently represented by unions, but unions have become |
| 1:26.2 | particularly visible in recent years, |
| 1:28.8 | organizing drives against some of the country's most high-profile companies from Starbucks to |
| 1:33.1 | Amazon. Unions have also been receiving higher approval ratings. Marketplace's Mitchell Hartman |
| 1:38.8 | reports. |
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