Former President Barack Obama has confirmed that the long-awaited Obama Presidential Center in Chicago’s historic Jackson Park will open in June 2026. Speaking during a conversation at the Crystal Bridges Museum of American Art in Bentonville, AR, on Monday, Dec. 1, Obama narrowed the opening to a specific month but did not give an exact date, according to the Chicago Sun-Times. “We’re going to open in June so that y’all don’t have to bring your coats up,” he said, per the outlet, bringing some clarity to a project that has been over a decade in the making. The Obama Presidential Center, first announced in 2015, was originally expected to open in 2021. Construction was delayed multiple times due to federal reviews and legal challenges, with groundbreaking only beginning in 2021. According to the Chicago Sun-Times, the $800 million center, which is now on track to be the most expensive presidential center in U.S. history, spans 20 acres, and features a 225-foot museum tower, an...
Netflix has announced a $72 billion deal, to acquire Warner Bros., valuing it at $82.7 billion including debt, as AFROTECH™ previously reported. The transaction is anticipated to impact both the entertainment and technology sectors. Since the news broke, some observers, according to Fortune, have raised concerns about its impact on Hollywood, while analysts point to artificial intelligence and high-performance computing as key factors. Melissa Otto, head of research at S&P Global Visible Alpha, told the outlet that discussions of the deal often overlook the role of Google and its tensor processing unit (or TPU) chips. TPUs, as Exhibit Magazine notes, are custom chips designed specifically for deep learning tasks. “What TPU chips do really, really well is in the modality of video in generative AI,” Otto said, explaining that they essentially turn mathematical representations into moving pictures in much the same way graphics processing units, or GPUs, revolutionized natural language...
A major new investment from billionaire Michael Bloomberg is helping expand educational access for Black students through a partnership that brings K–12 learning directly to the campuses of Historically Black Colleges and Universities (HBCU). Bloomberg Philanthropies, together with the national education organization City Fund, has committed $20 million ($10 million each) to support public charter schools and connect students with early college opportunities at nearby HBCUs, according to a press release. The United Negro College Fund (UNCF) will be a key partner in the effort. Forbes notes that the new funding supports two schools in Alabama’s Black Belt region, an area historically underserved in public education. The first is the D.C. Wolfe Charter School in Shorter, a redevelopment of the former D.C. Wolfe Elementary School that is expected to open in fall 2026, just minutes from Tuskegee University. The second, I Dream Big Academy, opened in August 2025 on the campus of Stillman...
Multiple financial developments have occurred across Africa’s tech ecosystem as 2025 comes to a close. Two African fintech startups, Optasia in South Africa and Cash Plus in Morocco, completed initial public offerings (IPOs) in November 2025, according to Max Cuvellier Giacomelli, co-founder of Africa: The Big Deal. In a Substack post, he further noted that these were the first major technology listings on the continent since 2019, before the COVID-19 pandemic. According to Business Insider Africa, Optasia was listed on the Johannesburg Stock Exchange on Nov. 4, raising $345 million and reaching a $1.4 billion valuation. The company, as its website states, offers AI-driven financial services delivered through mobile networks and digital channels across several markets: Africa, the Middle East, Asia, Europe, and Latin America. Three weeks later, on Nov. 25, Morocco’s Cash Plus went public on the Casablanca Stock Exchange. The company, as Giacomelli noted, raised $82.5 million in its...
Free agent Odell Beckham Jr. is speaking out after comments he made about managing a five-year, $100 million NFL contract ignited conversation online. The wide-ranging discussion began in October during an episode of “The Pivot Podcast,” where Beckham outlined why a contract of that size may not last as long as it appears once expenses are taken into account. The wide receiver, who was drafted No. 12 overall by the New York Giants in 2014, went on to play for the Cleveland Browns and Las Angeles Rams. Beckham last played for the Miami Dolphins before he became a free agent in 2024. According to Spotrac, his total career earnings sit at $102 million. His podcast remarks resurfaced this week and drew reactions from fans, commentators, and former players. On Tuesday, Dec. 2, Beckham posted a response to the attention on X. “Boy u can’t say nothin in this world nowadays, that’s why I been in my own lane my own world n put the way,” he wrote. “People love to take Shxt completely outta...
Tracy Morgan finds fulfillment in his charity work. The actor and comedian recently told PEOPLE that through his partnership with the Edison, NJ–based Hackensack Meridian Health Foundation, he has donated more than $200,000 to provide food and support to 19,000 families. According to the foundation’s website, it raises funds for programs and services across the Hackensack Meridian Health network, helping modernize facilities, advance treatments, support research, train future physicians, and strengthen healthcare delivery in local communities. “It’s fun to get the love and support, but it’s better when you give it back,” Morgan said, according to PEOPLE. “That’s what I want to teach my children. More than a great education, I just want [Maven] and her brothers to be empathic.” Morgan, 57, told the outlet that his personal experiences, including a serious car crash in 2014, shaped his outlook on life. As AFROTECH™ previously reported, he was among several people injured in a...
Aliko Dangote, the richest Black man in the world, is looking to expand his business into India. In a recent conversation with Business Today’s Riddhima Bhatnagar, Dangote, the Nigerian billionaire industrialist, founder, and president of Dangote Group, explained why India has become a crucial partner in powering the next generation of large-scale projects for his company. Dangote’s Long Bet On India In the interview, Dangote discussed his relationship with India spans two decades, underpinning many of his most significant industrial ventures. “Our dealings with Indian companies actually go back to 2003,” he said, recalling the early expansion of his cement business. That partnership evolved into today’s megaprojects, including his refinery and petrochemical operations. He noted that companies such as Engineers India Ltd. (EIL) have been central to that growth. “We used EIL … and they did a very very great job,” he said. Dangote added that his refinery sourced over $2.5 billion...
HP Inc., like many tech companies, is restructuring its workforce as artificial intelligence becomes a larger part of its operations. The company plans to cut 4,000 to 6,000 jobs by the end of fiscal year 2028, according to a company press release. The reductions are part of a broader initiative to increase productivity, improve customer experiences, and drive innovation through AI adoption. HP said the layoffs will primarily affect employees in product development, internal operations, and customer support, according to CNN. The company expects the cuts to save nearly $1 billion by 2028. “Structural cost savings represent gross reductions in costs driven by operational efficiency, digital transformation, and portfolio optimization,” notes the press release. Workforce reductions are just one component of the plan, which also includes program consolidation, platform simplification, and other long-term productivity measures. This is not the first time HP has downsized. The company cut...
With Giving Tuesday underway, a New York-based nonprofit is calling for support of Black-owned small businesses and highlighting their impact on local economies. According to a press release, the African American Small Business Foundation Inc. is using the Dec. 2 observance to raise funds that will help minority-owned businesses navigate rising costs, shifting market conditions, and limited access to capital. Currently, the organization serves as a resource center for African American entrepreneurs seeking funding, training, and business connections across New York. The foundation reports that many Black-owned businesses continue to face challenges securing loans, grants, or investment funding. To address this, it connects entrepreneurs to micro-grants and loan programs, community financial institutions, credit-building tools, and capital-readiness training intended to support growth and hiring. Training and technical assistance are another key part of the foundation’s work. Through...
Marvin Ellison ’s journey to becoming president, CEO, and chairman of Lowe’s began far from the boardroom. While attending the University of Memphis, he worked part-time at Target, earning $4.35 an hour, according to Fortune. “I was fortunate to land in a company that believed in developing people, and I just grinded it out for 15 years all the way up to a director level,” Ellison told Daymond John, the entrepreneur behind FUBU and an investor on “Shark Tank,” in a 2022 interview. That early experience shaped how Ellison approached his career, especially as someone who didn’t come from a traditional corporate pedigree. “I didn’t have an Ivy League education. I didn’t have any stellar international opportunities or stints on my resume. I’m competing against all of these exceptionally talented people on paper; I had to find a way to differentiate myself,” he shared in the interview. His strategy became simple but demanding: Take every tough assignment no one else wanted. “I’d take...
Dallas Mavericks Point Guard Kyrie Irving has announced a multi-year partnership with Paul Quinn College, bringing new resources to the only HBCU in Dallas, according to HBCU Gameday. The college is one of 14 basketball programs selected to receive a full uniform sponsorship from Irving and sports equipment company, ANTA. The three-year agreement will supply the men’s and women’s teams with ANTA sneakers, warmups, and apparel designed through Irving’s work with the brand, the outlet reports. The sponsorship is part of a wider grassroots effort involving youth, schools, and community teams in regions tied to Irving’s career and personal history. According to HBCU Gameday, the participating programs have been outfitted with pieces from the KAI collection, including popular colorways such as Crown Jewel, Mentality, Retro ’90s, and Klay. Paul Quinn College publicly thanked Irving for the long-term commitment in a post on X on Nov. 24: “This isn’t your ordinary sneaker drop. @NBA legend...
Kohl’s has officially named Michael Bender as its permanent CEO, putting a seasoned retail executive in charge after a turbulent period for the department store chain, the New York Post reports. According to the outlet, Bender, who stepped in as interim CEO in May 2025 following the dismissal of Ashley Buchanan, now faces the challenge of steering the company through declining sales, profit pressure, and shifting consumer habits. In a company press release, Bender said, “I’m honored to take on the role of CEO at Kohl’s. Working with the teams over the last six months has deepened my love of this company and my conviction in what’s possible for our future.” He added, “Kohl’s has a storied and important role in the retail industry, serving and celebrating families with great products, compelling value, and a differentiated shopping experience. I’m looking forward to reestablishing our leadership position by putting our customers first every day. While we’re pleased by our recent...
D’Angelo’s estate has launched the D’Angelo Pancreatic Cancer Fund, a global philanthropic initiative honoring the late soul musician, who passed away on Oct. 14, 2025, at age 51 after a private battle with pancreatic cancer. According to PEOPLE, the fund was created in partnership with the Black Boy Joy Foundation (BBJF) and the Pancreatic Cancer Action Network to support research, early detection studies, awareness campaigns, family support programs, and advocacy initiatives, with a particular focus on Black men and boys, addressing a disease with a survival rate of just 13%. In a statement, the estate said, “As a visionary artist, cultural pioneer, and devoted father, D’Angelo’s influence transcended music and defined a generation. Today with the Black Boy Joy Foundation x Pancreatic Cancer Action Network, we formally launched this initiative to honor his life and courageous battle with pancreatic cancer.” PEOPLE also reports that the D’Angelo Pancreatic Cancer Fund will be led...
PwC, one of the Big Four accountancy firms, is actively seeking hundreds of engineers across its global network, but says it cannot find enough qualified candidates as the firm expands its AI- and technology-driven services, according to the BBC. “We are looking for hundreds and hundreds of engineers,” Mohamed Kande, PwC’s global chairman, told the outlet. “We just cannot find them.” The firm has shifted its hiring focus from entry-level graduates to specialized technology talent. Kande also stated that PwC’s strategy emphasizes helping clients adopt AI and transform operations and workforces to use these tools effectively. PwC has also made adjustments to its workforce in recent years. In 2021, the firm aimed to hire 100,000 people over five years, but Kande said AI has made reaching that target unlikely, according to the BBC. “When we made the plans to hire that many people, the world looked very, very different,” he said. “Now we have artificial intelligence,” he said, per the...
Aliko Dangote, the richest Black man in the world, and his conglomerate Dangote Group have partnered with U.S.-based Honeywell International Inc. to expand the Dangote Refinery in Lagos, Nigeria. According to Business Insider Africa, the project aims to increase the refinery’s production capacity to 1.4 million barrels per day (bpd) by 2028, doubling its current output. The agreement with Honeywell will provide technology and services to allow the refinery to process a wider variety of crude oil grades. Honeywell, a Fortune 100 company, will supply catalysts, equipment, and industrial solutions to support the expansion, per Business Insider Africa. In addition to expanding crude processing, the refinery plans to increase its polypropylene production to 2.4 million metric tons per year through a license for Honeywell’s Oleflex technology, according to the outlet. Polypropylene is used in a range of industrial applications, including packaging and automotive components. Honeywell has...