Category Archives: Business

Two Pillars Fall: The Loss of Columbia Savings and Adelphi Bank and What It Means for African American Communities

We are watching the absolute collapse of African American institutions and our absolute dependency on Others’ institutions. It once felt like a slow train wreck, now it feels like a supersonic missile. – William A. Foster, IV

The 2025 African American Owned Bank Directory carries an absence that numbers alone cannot fully convey. Two institutions that appeared in last year’s listing — Columbia Savings and Loan Association of Milwaukee, Wisconsin, and Adelphi Bank of Columbus, Ohio — are no longer among the ranks of African American-owned financial institutions. Together, they represented nearly $130 million in assets: Columbia Savings at approximately $22 million and Adelphi Bank at approximately $106 million. Their departure is not merely a bookkeeping change. It is a geographic and community wound, one that leaves both Ohio and Wisconsin without a single African American-owned bank.

Founded on January 1, 1924, Columbia Savings and Loan Association was one of the oldest African American-owned financial institutions in the United States. A savings and loan chartered over a century ago in Milwaukee, it survived the Great Depression, the urban upheavals of the mid-20th century, the savings and loan crisis of the 1980s, and the 2008 financial collapse. It did not survive 2025. In our 2024 directory, Columbia carried $24,097,000 in assets, already down 12.0 percent from the prior year. By the time 2025 data was compiled, its assets had further declined to approximately $21,998,000 — a figure that, alongside declining capital levels, signaled an institution under extraordinary strain. For a savings and loan of its size, operating in a competitive market without the capital buffers available to larger institutions, the math had become unforgiving.

Milwaukee’s African American community is substantial, Black residents make up roughly 39 percent of the city’s population and yet they now have no African American-owned bank to call their own. This is not a small thing. African American-owned banks and savings institutions have historically served as anchors for communities that mainstream financial institutions have underserved or outright ignored. They have written mortgages in redlined neighborhoods, provided small business loans to entrepreneurs who couldn’t get a second meeting at a downtown bank, and offered a financial home to people who needed more than a transaction they needed trust.

If the loss of Columbia Savings is a story of a century-old institution exhausted by time and capital constraints, the loss of Adelphi Bank carries a different kind of grief. Founded on January 18, 2023, in Columbus, Ohio, Adelphi was the newest African American-owned bank in the country at the time of our 2024 directory. Prior to its founding, no new African American-owned bank had been chartered in 23 years. Adelphi’s launch was celebrated for exactly that reason: it represented a renewal, a sign that the community had not given up on building the financial infrastructure it needs.

In 2024, Adelphi reported $68,154,000 in assets, up 55.1 percent from the year prior, a remarkable growth trajectory for a de novo bank. By 2025, that figure had risen further to $106,369,000. And yet, despite that asset growth, the bank was no longer majority African American-owned by the time 2025 statistics were compiled. A growing balance sheet does not automatically translate into ownership stability. New banks are capital-intensive, and the pressures to bring in outside investors can, over time, dilute or displace founding ownership structures.

The result is that Ohio, the state that just two years ago was celebrating the founding of its first new African American-owned bank in over two decades, now has none. Columbus, the state capital and one of the fastest-growing cities in the Midwest, has no African American-owned bank. And critically, neither does the surrounding region that includes two of Ohio’s most important Historically Black Colleges and Universities: Central State University and Wilberforce University.

The relationship between African American-owned banks and HBCUs has long been identified by HBCU Money as one of the most underdeveloped partnerships in the Black economic ecosystem. HBCUs are intellectual and economic anchors for their communities. African American-owned banks are the financial connective tissue that can translate education, entrepreneurship, and homeownership aspirations into capital. When both are present in a region, the possibilities compound. When one disappears, the other is diminished.

Central State University and Wilberforce University sit in Greene and Xenia, Ohio, both within the orbit of Columbus and Dayton. Their students, faculty, staff, and alumni represent tens of thousands of people who need mortgages, small business loans, car notes, savings accounts, and lines of credit. Without an African American-owned bank anywhere in Ohio, those needs will be met if they are met at all by institutions with no particular relationship to their communities, no cultural competency born of shared experience, and no structural incentive to reinvest in the neighborhoods and towns these HBCUs serve. And if they are met, the profits and institutional ownership and influence will be to the benefit of Others and not the African American ecosystem. Once again, we will be subsidizing everyone else.

This is not a hypothetical harm. Research has consistently shown that African American-owned banks direct a greater share of their lending to African American borrowers and African American-owned businesses than Others’ institutions. They are not perfect, and they are not substitutes for broader policy change. But they are irreplaceable in the role they play, and their absence is felt in the very specific, very practical ways that matter most: a loan denied, a mortgage not written, a business that never got started.

The 2025 directory does carry one encouraging entry: Redemption Bank of Salt Lake City, Utah, founded February 20, 1974, and now appearing in the African American-owned bank listing with approximately $72,205,000 in assets under the FDIC’s San Francisco region. Its inclusion partially offsets the $128 million in assets lost with Columbia and Adelphi. Redemption Bank’s presence in Utah is notable given the state’s relatively small African American population and its distance from the major African American economic corridors. Its listing is a reminder that African American financial institution-building can and does happen in unexpected places.

But Redemption Bank’s $72 million in assets does not replace what was lost in Ohio and Wisconsin. It does not fill the geographic gap. It does not serve the students at Central State or Wilberforce, or the African American residents of Milwaukee’s north side. The net loss to African American institutional financial capacity in the Midwest is real, and no amount of welcome news from the Mountain West changes the map that communities in Columbus and Milwaukee are now looking at.

As noted in our 2024 directory, African American-owned banks hold approximately $6.4 billion of America’s $23.6 trillion in bank assets — roughly 0.027 percent. The apex of African American-owned bank assets, as a share of total U.S. banking, was 1926, when the sector held 0.2 percent — ten times today’s proportion. Nearly a century later, the sector has not recovered.

The structural disadvantages are well-documented: chronic undercapitalization, concentration in communities with lower median wealth, limited access to the interbank credit markets that larger institutions tap freely, and a customer base that has been systematically excluded from wealth-building for generations. These are not problems that individual bank managers can solve through hustle and grit alone. They require deliberate policy support, sustained community deposits, and coordinated investment from the HBCU ecosystem, African American businesses, and public-sector partners.

The post-2020 wave of corporate pledges to African American financial institutions provided some relief. Many of the banks in our directory saw asset growth between 2023 and 2024 partly as a result of those deposits. But corporate commitments are not permanent, and the institutions that did not receive them or that received too little too late remained exposed. Columbia Savings, with $24 million in assets and a 12 percent annual decline already in evidence by 2024, was unlikely to attract the kind of large-scale corporate or philanthropic deposit that might have stabilized it.

The loss of Columbia Savings and Adelphi Bank should be understood as a call to action, not an occasion for eulogy alone. Several things must happen.

First, the HBCU community in Ohio must begin conversations now about what it would take to support a new African American-owned financial institution in the state. Central State and Wilberforce cannot simply wait for the private sector to solve this. HBCU endowments, alumni associations, and institutional deposits are tools of economic development. Directing even a fraction of those resources toward a future Ohio-based African American-owned bank would be a meaningful first step.

Second, community organizations, African American business associations, and civic leaders in Milwaukee must assess whether a new chartered institution, a credit union, or a community development financial institution (CDFI) can fill some of the void left by Columbia Savings’ departure. Milwaukee’s African American community is large enough and its economic needs acute enough that the absence of a community-controlled financial institution is not sustainable.

Third, the national conversation about African American-owned banks must move from celebration to infrastructure. Every time a new institution is chartered, and Adelphi’s founding in 2023 was genuinely exciting, it must be supported with the capitalization, deposit commitments, and technical assistance that give it a fighting chance past its first few years. A bank that grows in assets but loses its founding ownership structure has not fulfilled its promise. The community has to be in the room, and at the table, not just at the ribbon-cutting.

Finally, we should note what these two losses mean for the map of African American financial geography. States absent from our 2025 directory now include Ohio, Wisconsin, Maryland, Missouri, New York, and Virginia — a list that encompasses some of the largest African American urban populations in the country. That map is a challenge and an indictment in equal measure. African Americans live and work and build in every corner of this country. Their financial institutions should too.

Columbia Savings and Loan Association (Milwaukee, WI) — Founded January 1, 1924 | 2024 Assets: $24,097,000 | 2025 Assets: $21,998,000

Adelphi Bank (Columbus, OH) — Founded January 18, 2023 | 2024 Assets: $68,154,000 | 2025 Assets: $106,369,000

Redemption Bank (Salt Lake City, UT) — Founded February 20, 1974 | 2025 Assets: $72,205,000 [New to directory]

Disclaimer: This article was assisted by Claude (Anthropic).

HBCU Money’s 2025 African American Owned Bank Directory

All banks are listed by state. In order to be listed in our directory the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website.

KEY FINDINGS:

  • 12 of the 16 African American Owned Banks saw increases in assets from 2024.
  • African American Owned Banks (AAOBs) are in 14 states and territories. Key states absent are Maryland, Ohio, Wisconsin, Missouri, New York, and Virginia.
  • With the loss of Adelphi Bank (OH) from majority African American ownership, no African American owned bank has been started in 26 years.
  • Alabama and Georgia each have two AAOBs.
  • African American Owned Banks have approximately $6.7 billion of America’s $24.9 trillion bank assets (see below) or 0.027 percent. The apex of African American owned bank assets was in 1926 when AAOBs held 0.2 percent of America’s bank assets or 10 times the percentage they hold today.
  • African American Owned Banks comprise 11 percent of Minority-Owned Banks (154), but only control 1.73 percent of FDIC designated Minority-Owned Bank Assets.
  • 2025 Median AAOBs Assets: $255,112,000 ($191,590,000)
  • 2025 Average AAOBs Assets: $395,554,000 ($355,448,000)
  • TOTAL AFRICAN AMERICAN OWNED BANK ASSETS 2025: $6,724,410,000 ($6,398,070,000)

ALABAMA

BHM BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $18,546,000

Asset Change (2024): UP 4.5%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $66,167,000

Asset Change (2024): DOWN 0.3%

DISTRICT OF COLUMBIA

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $773,428,000

Asset Change (2024): UP 2.4%

GEORGIA

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $118,106,000

Asset Change (2024): UP 10.7%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $795,547,000

Asset Change (2024): UP 0.3%

ILLINOIS

GN BANK

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $63,692,000

Asset Change (2024): DOWN 1.5%

LOUISIANA

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $1,105,310,000

Asset Change (2024): UP 2.7%

MASSACHUSETTS

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $761,724,000

Asset Change (2024): UP 0.7%

MICHIGAN

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $696,917,000

Asset Change (2024): UP 8.2%

MISSISSIPPI

GRAND BANK FOR SAVINGS, FSB

Location: Hattiesburg, Mississippi

Founded: January 1, 1968

FDIC Region: Dallas

Assets: $277,467,000

Asset Change (2024): UP 9.7%

NORTH CAROLINA

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $479,535,000

Asset Change (2024): DOWN 3.7% 

OKLAHOMA

FIRST SECURITY BANK & TRUST

Location: Oklahoma City, Oklahoma

Founded: April 06, 1951

FDIC Region: Dallas

Assets: $255,112,000

Asset Change (2024): UP 46.0%

PENNSYLVANIA

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $50,677,000

Asset Change (2024): DOWN 4.9%

SOUTH CAROLINA

OPTUS BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $777,905,000

Asset Change (2024): UP 17.4%

TENNESSEE

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $183,374,000

Asset Change (2024): UP 0.9%

TEXAS

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $228,695,000

Asset Change (2024): UP 13.5%

UTAH

REDEMPTION BANK

Location: Salt Lake City, Texas

Founded: February 20, 1974

FDIC Region: San Francisco

Assets: $72,205,000

Asset Change (2024): N/A

SOURCE: FDIC

Mapping the Gap: The Geography of African American Banks and Credit Unions in 2025

African Americans navigating their financial lives are operating inside two fundamentally different types of institutions, and understanding that difference is not academic it is strategic. JPMorgan Chase, the largest bank in the United States with over $3.9 trillion in assets, is a publicly traded corporation owned by shareholders. Its mandate is profit. It can accept corporate deposits, underwrite municipal bonds, finance international trade, issue letters of credit that move goods across oceans, syndicate billion-dollar loans, and operate in 100 countries. When a city government needs to finance a new highway, when a developer needs to close on a $200 million mixed-use project, when a corporation needs to hedge currency risk across three continents — JPMorgan is in that room. Navy Federal Credit Union, the largest credit union in the United States with approximately $180 billion in assets, is a member-owned cooperative. Its mandate is service to its members, who must meet eligibility requirements tied to military affiliation. It offers mortgages, car loans, checking accounts, and credit cards often at better rates and lower fees than JPMorgan but it cannot write a commercial real estate construction loan for a developer, cannot underwrite a municipal bond for a city, cannot finance an export contract for a manufacturer shipping goods to West Africa, and has no presence in international capital markets. Navy Federal is a powerful institution for what it does. It simply does not do what JPMorgan does, and JPMorgan does not do what Navy Federal does at the community level. For African Americans, this distinction carries enormous consequence. A community with only credit unions has access to consumer financial products; mortgages, auto loans, personal savings but lacks the commercial banking infrastructure needed to finance business growth, real estate development, institutional deposits, and economic expansion. A community with only banks, and specifically only large national banks with no cultural accountability, has access to products but not necessarily to equitable underwriting, community reinvestment, or the trust that comes from shared ownership. The absence of an African American-owned bank in Ohio or Wisconsin is not just symbolic. It means no institution with a community mandate is positioned to finance the next African American developer, fund the next HBCU-adjacent business corridor, or serve as a depository for the growing institutional wealth of Black organizations in those states.

When the geography of African American banks and credit unions is examined together, a more complete — though still incomplete — picture of Black financial infrastructure emerges across the United States. The 2025 African American Owned Bank Directory covers 17 institutions across 15 states and territories. The 2025 NCUA data on African American credit unions adds 205 institutions across 29 states and territories, carrying $8.15 billion in assets and serving approximately 727,000 members. Combined, the two sectors represent over 220 institutions and more than $14.8 billion in assets operating across 31 states and territories. But geography, not just totals, is where the real story lives.

Thirteen states have both an African American-owned bank and at least one African American credit union: Alabama, the District of Columbia, Georgia, Illinois, Louisiana, Michigan, Mississippi, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, and Texas. These are the states with the fullest financial ecosystem — where a community member can choose between a bank product and a credit union product from an institution with cultural roots in their community. Louisiana stands out, with one bank and 25 credit unions, the most of any state in the credit union count. Illinois follows with one bank and 23 credit unions.

Two states have African American banks but no African American credit unions in the NCUA data: Massachusetts, home to OneUnited Bank, and Utah, newly represented by Redemption Bank. These institutions serve their communities without the complementary infrastructure of a credit union network. Conversely, 16 states and territories have African American credit unions but no African American-owned bank: Arkansas, California, Connecticut, Delaware, Florida, Indiana, Maryland, Minnesota, Missouri, New Jersey, New York, Ohio, Virginia, the U.S. Virgin Islands, West Virginia, and Wisconsin.

The cases of Ohio and Wisconsin, discussed at length in the bank directory analysis, illustrate the limits of credit union coverage as a substitute for bank presence. Ohio has four African American credit unions with combined assets of approximately $18.3 million: Mahoning Valley in Youngstown, Mt. Zion Woodlawn in Cincinnati, Cleveland Church of Christ in Cleveland, and Toledo Urban in Toledo. Of these, Toledo Urban is the only institution of meaningful scale at $17.2 million in assets with 4,324 members. The other three are micro-institutions, each under $600,000 in assets and under 400 members. Wisconsin’s single credit union, Holy Redeemer Community of SE Wisconsin based in Milwaukee, holds just $764,689 in assets and serves 239 members. For a city where African Americans comprise roughly 39 percent of the population, that represents an institutional void that one small credit union cannot fill. Neither Ohio nor Wisconsin has an African American financial institution capable of writing a commercial real estate loan, funding a startup, or underwriting a mortgage for a first-generation homebuyer at any meaningful scale.

African American Financial Institutions by State, 2025

StateAfrican American BanksAfrican American Credit UnionsCombined Institutions
Alabama21214
Arkansas033
California011
Connecticut033
Delaware011
District of Columbia11011
Florida033
Georgia2911
Illinois12324
Indiana055
Louisiana12526
Maryland077
Massachusetts101
Michigan145
Minnesota022
Mississippi11112
Missouri044
New Jersey099
New York01515
North Carolina123
Ohio044
Oklahoma112
Pennsylvania189
South Carolina156
Tennessee156
Texas11415
Utah101
U.S. Virgin Islands044
Virginia01313
West Virginia011
Wisconsin011

Maryland presents a striking and instructive contrast. It has no African American-owned bank, a gap noted in the 2025 directory, yet it is the single largest state for African American credit union assets, hosting seven institutions with a combined $4.47 billion in assets. That figure is driven primarily by two institutions: Andrews Federal Credit Union in Suitland with $2.47 billion in assets and 142,076 members, and Municipal Employees Credit Union of Baltimore with $1.26 billion in assets and 98,358 members. Maryland’s credit union sector is, in asset terms, larger than the entire African American bank sector nationally. This is remarkable. It is also a reminder that credit unions and banks occupy different structural roles. Andrews Federal and MECU of Baltimore are large, sophisticated institutions with product offerings that approach commercial banking but they are member cooperatives, not banks, and their ownership structure, regulatory environment, and community lending mandates differ accordingly. Maryland’s absence from the bank directory is still a gap worth addressing, even with $4.47 billion in credit union assets in the state.

Virginia and Missouri follow a similar pattern to Maryland, albeit at smaller scale. Virginia has 13 African American credit unions with $471 million in assets but no African American-owned bank. Missouri has four credit unions with $481 million in assets, anchored by St. Louis Community Credit Union at $431.5 million, and also no bank. New York has 15 credit unions with $76 million in assets and no African American bank, a particularly stark figure given the size of New York’s African American population and its status as the financial capital of the country.

The states that are entirely absent from both the bank and credit union directories deserve attention. While the combined coverage of 31 states and territories is broader than either sector alone, large portions of the country remain without any African American-owned financial institution. States like Nevada, Arizona, Colorado, Washington, Oregon, and much of the Mountain West and Pacific Northwest have no representation in either directory. As African Americans continue to migrate to new metros — Las Vegas, Phoenix, Denver, Seattle — the absence of community-controlled financial institutions in those corridors becomes a growing concern.

The combined picture is this: African American banks and credit unions together hold approximately $14.8 billion in assets, serve over 700,000 credit union members and the deposit base of 17 banks, and operate across 31 states and territories. The credit union sector, at $8.15 billion in assets across 205 institutions, is actually slightly larger than the bank sector’s $6.72 billion across 17 institutions, a reflection of the credit union model’s greater accessibility and the longer runway some of these institutions have had to grow. But the two sectors are not interchangeable. Banks can hold commercial deposits, write business loans, issue letters of credit, and serve as the financial backbone of an entrepreneurial ecosystem in ways that most credit unions cannot. Credit unions, in turn, offer member ownership, lower fees, and community accountability that publicly or privately held banks may not. The African American community needs both, in every state where its population is substantial. Right now, it has neither in too many places that matter.

Sources: HBCU Money 2025 African American Owned Bank Directory; 2025 NCUA African American Credit Union Institutions data. Asset figures in U.S. dollars.

Disclaimer: This article was assisted by Claude (Anthropic).

Public Transportation & Infrastructure: Apple Should Help Kill The Car Not Invest In It

In 2024, Apple quietly killed its electric vehicle project. After nearly a decade of speculation, leaked prototypes, and engineering talent poached from Detroit and Stuttgart, the announcement arrived with a shrug. Markets barely moved. What looked like a retreat was, on closer inspection, something more interesting — a door left open to a far more consequential ambition.

Apple was never going to win by building another car. The automotive market is brutally competitive, capital-intensive, and increasingly commoditised at the electric end. Tesla, BYD, and Rivian are fighting that war. The smarter bet — and the one Apple is uniquely positioned to make — is building the platform that makes car ownership less necessary in the first place.

This is not a utopian argument. It is a business one.

The global infrastructure gap is estimated at $94 trillion by 2040, according to the World Bank. American water systems lose roughly 6 billion gallons of treated water daily through deteriorating pipes. The U.S. electrical grid, designed for a centralised fossil fuel economy, is structurally ill-suited for the distributed renewable future that both climate policy and energy economics now demand. Passenger rail — a basic connective tissue across Europe and Asia — remains an afterthought across vast stretches of the United States. Traffic congestion drains an estimated $179 billion from the American economy annually in lost time and fuel. Vehicle emissions contribute to more than 60,000 premature deaths each year in the U.S. alone.

These are not niche concerns. They are the failing arteries of modern life. And very few companies on earth are better positioned than Apple to redesign them.

Apple already integrates hardware, software, and services with a precision that no competitor has matched at scale. Its chip design produces some of the most energy-efficient processors ever built. Its cloud infrastructure, sensor technology, and payment systems span billions of devices across every continent. Its supply chain discipline and design sensibility are, by any measure, world-class. The question is not whether Apple has the capability to enter the infrastructure space. The question is whether it has the strategic imagination to try.

Consider transit. Apple would not need to lay track, operate buses, or run a single vehicle. What it could build is the operating layer — AI-optimised routing drawing on Apple Maps data, seamless ticketing through Apple Wallet, personalised journey planning through Siri, real-time crowd flow management at interchange hubs, and demand-responsive electric shuttles for lower-density districts. The iPhone would become, in effect, a passport to a life less dependent on car ownership — and all the financial and environmental costs that car ownership imposes.

The economics of this argument are well established, even if they remain politically underappreciated. Every dollar invested in public transit generates roughly five dollars in broader economic returns, according to the American Public Transportation Association. Transit-oriented development raises property values, expands tax bases, and improves labour market access for workers priced out of car ownership. Cities that invest in dense, multimodal systems reduce emissions, reclaim public space, and generate measurable public health gains. The infrastructure of movement is not a social expenditure. It is a productive one.

The opportunity extends beyond transit. Apple’s energy-efficient chip architecture translates naturally to smart grid management, where modular, predictive systems are precisely what is needed to integrate distributed solar, battery storage, and dynamic demand response. Apple sensors and cloud infrastructure already exist at the scale required to monitor water systems in real time — detecting pipe failures, tracking quality, and optimising pressure through smart valves. Apple Pay processes billions of transactions. The components for an Apple Water platform or an Apple Grid service layer are, in many respects, already assembled. What is missing is the strategic decision to point them at a larger problem.

The water case is particularly stark. The U.S. Environmental Protection Agency estimates that $472 billion in maintenance investment is required over the next twenty years simply to sustain existing water infrastructure — before a single mile of new pipe is laid. Globally, nearly one in three people lacks reliable access to safe drinking water. The market for intelligent water management — leak detection, quality monitoring, pressure optimisation — is enormous and structurally underserved. Apple’s skill in miniaturising technology, combining sensors with privacy-grade cloud processing, and delivering consumer-grade interfaces for complex data makes it an unusually credible entrant.

For Apple, the strategic logic is also a defensive one. iPhone sales have plateaued. Its Services division faces antitrust scrutiny across multiple jurisdictions. Its cash reserves — exceeding $160 billion — are an asset in search of a return that consumer electronics can no longer reliably provide. Infrastructure, by contrast, offers recurring revenue through service agreements and municipal contracts, structural diversification away from device cycles, and long-term relevance at a civilisational rather than product level. The infrastructure market is not glamorous. But it is enormous, it is durable, and it is ripe for the kind of systemic redesign that Apple has historically done better than anyone.

The risks are genuine and should not be minimised. Apple is famously secretive, consumer-oriented, and averse to the slow-moving regulatory complexity that infrastructure demands. City contracts are messier than product launches. Margins are narrower. Failures are public and politically costly. But Apple has navigated hostile regulatory environments before — in financial services, in healthcare, in China. Its high public trust and strong ESG record are genuine assets in a domain where government partnerships require demonstrated credibility over time. And crucially, Apple would not need to own pipes, track, or transmission lines. It would build the intelligent systems layered atop them — and license those systems to governments, utilities, and citizens at scale.

The model already exists in adjacent industries. Schneider Electric and Siemens have built large, profitable businesses selling digital operating layers to physical infrastructure owners. Veolia manages water and energy systems for municipalities across the developed and developing world. These are not Apple-scale companies in terms of design capability or brand trust. Apple entering this space would not be a departure from what it does. It would be an extension of it — at a higher level of ambition.

What would this look like in practice? In dense cities, an Apple Transit platform could reduce car usage, lower emissions, and return public space to pedestrians and parks. In smaller cities and rural regions — places too dispersed for high-frequency bus networks but underserved by the on-demand platforms that have flourished in major metros — demand-responsive electric shuttles dynamically routed through Apple Maps could reconnect communities that car dependence has quietly strangled. In energy markets, an Apple Grid service could allow households to manage solar and storage through iOS, enable peer-to-peer energy trading between neighbours, and give grid operators the real-time visibility they need to prevent blackouts in a renewables-heavy system. In water, an Apple Water platform could give cities the predictive maintenance tools they currently lack, and give households transparent, real-time visibility into their consumption and the health of their local system.

None of this requires Apple to become a utility or a transport operator. It requires Apple to become what it has always been at its best: the company that builds the operating system everyone else runs on.

Steve Jobs once described the computer as a bicycle for the mind — a tool that amplifies human capability far beyond what either could achieve alone. The infrastructure of the coming century needs exactly that kind of amplification. Roads that manage themselves. Grids that think. Water systems that speak before they fail. Transit that fits around people’s lives rather than demanding they organise their lives around it.

The real disruption in mobility is not a better electric vehicle. It is a better alternative to vehicles altogether — and the broader infrastructure intelligence that makes modern life function without the waste, the inequity, and the environmental cost that the 20th century model baked in.

Apple has the cash, the capability, and the moment. The question is whether it has the ambition to match.

Disclaimer: This article was assisted by ClaudeAI.

How Black Communities and HBCUs Are Missing the Boat on Artificial Intelligence — and Why That’s a Dangerous Mistake

Technology is, of course, a double-edged sword. — Alvin Toffler 

History does not wait for consensus. The atomic bomb was built before most of the world understood what splitting an atom meant. Chemical weapons were deployed in World War I before international law had language to prohibit them. Surveillance infrastructure was constructed across American cities before most residents knew it existed. In each case, the people most harmed by these technologies were not the people who built them and their eventual objection to the technology, their absence, their refusal to participate did nothing to slow the construction. A weapon being built does not require your approval. It does not require your involvement. It does not even require your awareness. It only requires that someone, somewhere, with sufficient resources and motivation, decided to build it. That is the context in which Black communities must now reckon with artificial intelligence.

Yet in many Black communities and in particular African American institutions, AI is too often treated as a threat to avoid, a fad to dismiss, or a force that is “not for us.” This hesitation is understandable. Black people have learned through painful history that new systems of power often arrive disguised as progress, only to produce new forms of inequality. But the hard truth is this: AI will move forward with or without Black people. And if we choose not to engage it, we guarantee it will be built without our perspective, without our priorities, and without our protection. Rejecting AI does not prevent harm. It only ensures we have less influence over how that harm is shaped and who it harms most.

There is a more urgent framing that Black communities must internalize: AI is not merely a tool to be cautious about it is a weapon already being aimed and protest is not a counterattack or defensive strategy. Predictive policing systems profile Black neighborhoods. Hiring algorithms screen out Black applicants. Credit scoring models redline Black borrowers. Facial recognition technology misidentifies Black faces at rates that endanger Black lives. These are not hypothetical risks. They are documented, operational, and expanding. History is clear on what happens when one community monopolizes a powerful weapon while another refuses to pick one up. The answer to a weapon being formed against us is not retreat. It is the development of counterweapons — tools built by us, owned by us, and deployed in the service of our survival and advancement.

This is where the concept of institutional AI ownership becomes essential. Black communities do not simply need AI literacy we need AI proprietorship. We need HBCUs, Black-owned banks, Black medical institutions, Black legal organizations, and Black civic bodies to own the models, the datasets, the patents, and the platforms. Ownership is not the same as access. Millions of Black people access highways they did not design, hospitals that did not include them in clinical trials, and financial systems built to exclude them. Access without ownership is dependency. What this moment demands is that African Americans treat AI the way earlier generations treated land, law, and the ballot as a domain of institutional power that must be claimed, defended, and wielded.

The world is entering a new era of inequality, not one defined by segregation signs or discriminatory laws, but by invisible systems: recommendation engines, automated hiring tools, predictive policing software, medical diagnostic models, financial risk scoring systems, and generative AI. The communities that build these systems set the terms. The communities that merely use them accept them. This is the defining stakes of the AI moment for Black America: not whether to engage, but whether to engage as subjects or as sovereigns.

There is growing sentiment among skeptics that AI is too dangerous to embrace, and some advocate banning or severely limiting it. While a ban is unrealistic, the concerns behind that sentiment deserve to be treated seriously — not mocked, not dismissed, and not ignored. Many Black Americans are concerned that AI is accelerating misinformation and destabilizing trust in public institutions. Deepfakes, AI-generated propaganda, and synthetic news content can manipulate elections and distort civic discourse. For communities that have historically been targeted by voter suppression and political disinformation, this fear is not paranoia it is rational. If AI becomes a weapon of influence, communities already vulnerable to manipulation will be the first casualties. But the problem is not AI itself. The problem is who controls AI and how it is regulated. If Black communities opt out of our own AI development, then AI governance will be decided entirely by other groups with minimal Black representation at the tables where the rules are written. The answer is not simply to lobby for better regulation, though that matters. The deeper answer is to build Black-owned AI systems that are structurally incapable of being weaponized against Black communities because we designed them, we trained them, and we control them. You do not neutralize a weapon aimed at you by asking its owner to be more careful. You build a counterweapon of your own.

Many critics argue that AI encourages intellectual laziness. If students can generate essays instantly and professionals can automate tasks with a click, what happens to discipline, creativity, and hard-earned expertise? This concern is valid. Overdependence on AI can weaken critical thinking, reduce originality, and blur accountability. But it also misses a key historical reality: tools have always replaced certain forms of labor. Calculators did not destroy mathematics. Spellcheck did not destroy writing. The internet did not destroy learning it changed how learning happens. AI is simply the newest tool. The question is not whether AI makes people lazy. The question is whether we are teaching people to wield it with intention. HBCUs must build education models that go beyond productivity training, that teach students not how to use AI as a shortcut, but how to build with it, own it, and direct it toward the problems that matter most to Black communities.

Job displacement is one of the most serious fears in the Black community, and for good reason. Black workers are disproportionately represented in industries vulnerable to automation — retail, transportation, customer service, clerical work, and entry-level administrative jobs. Many of these roles are prime targets for AI replacement. But the response cannot simply be to train Black workers to fill the lower rungs of someone else’s AI economy, to become the new labor class servicing infrastructure we do not own, feeding data into systems we did not build, and executing decisions made by algorithms we cannot audit. That is not advancement. That is a more sophisticated version of the same arrangement. The goal must be ownership: of the companies building AI, of the models being trained, of the intellectual property being filed, of the venture funds writing the checks. HBCUs must orient their graduates not toward employment in the AI industry but toward founding it. The difference between a Black workforce that operates AI and a Black community that owns AI is the difference between wages and wealth and that distinction will compound across generations.

A major criticism of AI is that it consumes enormous energy. But an even less discussed reality is that AI consumes enormous amounts of water. Modern AI runs on massive data centers that require constant cooling to prevent overheating. Many of these facilities rely on water-based cooling systems that consume millions of gallons annually. Researchers estimate that training a single large AI model can consume hundreds of thousands of gallons of water when factoring in data center cooling demands and electricity generation. This is not theoretical. In many regions facing droughts or water restrictions, data centers are consuming water at industrial levels while residents face conservation mandates. But embedded in this crisis is one of the most significant entrepreneurial opportunities of the next two decades. The AI industry desperately needs breakthroughs in energy-efficient computing, low-heat chip architecture, passive and liquid cooling innovation, and renewable-powered data infrastructure. These are not solved problems they are open problems, and open problems are where fortunes and institutions are built. HBCUs are uniquely positioned to lead here. Engineering and computer science programs at HBCUs can orient entire research agendas around sustainable AI infrastructure, competing for federal grants, Defense Department contracts, and private R&D investment. The students and faculty who crack these problems will not simply publish papers they will file patents, spin off companies, and own the solutions the entire AI industry will have to buy. The energy crisis of AI is not just a threat to communities bearing its environmental cost. For those with the vision to pursue it, it is an invitation to build the next generation of technology companies from the inside of an HBCU lab.

Even more troubling is the emerging pattern of where these data centers are being built. Across the U.S., data centers are increasingly constructed in areas that are cheaper to build in, politically weaker, under-resourced, historically undervalued, and disproportionately Black. This mirrors a long-standing trend in America where environmentally burdensome infrastructure — highways, factories, waste facilities gets placed near Black neighborhoods. In effect, this creates what some advocates now call “AI redlining.” The benefits of AI from profits, corporate growth, stock market gains are extracted upward, while the environmental strain gets dumped into communities with the least political power to resist it. The solution is not to reject AI. If Black communities sit out the AI revolution, we won’t stop the environmental cost. We will simply lose the ability to negotiate where that cost is placed and who gets compensated. African American institutions should push for policies requiring mandatory water usage disclosure, environmental impact assessments before zoning approval, sustainability audits, green cooling requirements, and renewable energy sourcing. Communities should demand Community Benefit Agreements requiring data centers to provide infrastructure investment, local hiring pipelines, job training programs, tax revenue reinvestment into local schools, and environmental mitigation funding. HBCUs could also lead the nation in Green AI research, building intellectual property around sustainable computing, energy-efficient AI, and water-saving data center technologies.

The most dangerous thing happening right now is not that Black people fear AI. It is that too many are dismissing it without building anything in its place. Fear without construction is just surrender by another name. If we do not develop our own research institutions, our own datasets, our own models, and our own policy arguments, we cede every seat at every table where AI’s future is being decided. Other communities are not waiting. They are filing patents, training models, lobbying legislatures, and writing the rules. Our absence is not neutrality. It is forfeiture.

Nowhere is that forfeiture more consequential than in healthcare. Black people face notorious disparities in outcomes — maternal mortality, hypertension, diabetes, heart disease, cancer detection delays, and mental health underdiagnosis. AI has the potential to improve diagnostics, predict risk earlier, and increase efficiency. But AI only works equitably if the data used to train it includes accurate representation of Black populations. If Black communities are underrepresented in healthcare datasets, AI tools will misdiagnose and under-detect conditions in Black patients not out of malice, but out of absence. Black maternal mortality runs roughly two to three times higher than that of white women. That gap will not close by using someone else’s model. It will close when Black medical institutions are building their own. HBCUs should establish AI healthcare research centers and partner with Black hospitals and clinics to develop maternal health monitoring tools, diagnostic models trained on Black patient datasets, and predictive systems for chronic disease management. We cannot outsource our survival to someone else’s dataset.

One reason economic inequality persists is because the Black community often lacks robust data infrastructure. We need AI to better analyze Black household wealth gaps, credit access patterns, housing appraisal disparities, small business loan outcomes, and generational income mobility. Without strong data, we cannot make powerful arguments in policy spaces. Decisions get made based on incomplete or misleading statistics. If you cannot measure injustice, you cannot prove it. And if you cannot prove it, you cannot correct it. AI tools can allow Black institutions to build community-level dashboards for employment trends, entrepreneurship activity, housing discrimination patterns, and lending disparities. If we don’t build this infrastructure, we remain dependent on outsiders to define our economic reality.

Black students face disparities in standardized testing, school funding, disciplinary action, access to advanced coursework, and teacher turnover rates. AI has the potential to identify patterns that human analysis often misses. AI models can detect whether certain districts disproportionately suspend Black students or deny gifted program access but this only happens if someone is collecting and analyzing the data. HBCUs can create AI education labs focused on predictive models for dropout prevention, tutoring systems for underserved schools, bias detection in school disciplinary systems, and literacy and math intervention tools.

The ownership imperative extends beyond economics into culture, politics, and identity itself. AI is being trained on datasets that misinterpret Black culture, Black dialect, and Black history. Systems routinely fail to understand African-American Vernacular English and mislabel it as incorrect or unprofessional. If Black people are not involved in building the systems that process human language, cultural misrepresentation does not just persist it gets automated, scaled, and encoded as objective truth. Politically, AI will increasingly govern voter outreach, campaign strategy, political advertising, and law enforcement surveillance. A community without ownership in those systems is a community being governed by algorithms it cannot see, challenge, or correct. And economically, the greatest wealth-building opportunities of the next 20 years will flow from AI ownership — patents, startups, data assets, and proprietary platforms. The next generation of billionaires will not come from oil. They will come from algorithms. The question is whether any of them will come from HBCUs.

One of the most clarifying facts in this debate is this: HBCU students are not rejecting AI. They are already using it. Surveys show AI adoption among HBCU students above 90% in some reports. The problem is not resistance. The problem is that students are using AI as a consumer product while their institutions have not yet equipped them to build, own, or direct it. There is no AI curriculum grounded in Black ownership. There are no research labs generating Black-controlled intellectual property. There are no institutional frameworks teaching students that the goal is not to get a job at an AI company it is to found one. We are handing students a weapon and teaching them to hand it back.

The solution is not to shame dissenters or pretend AI is harmless. The solution is to build a structured response that combines caution with action. AI should be taught at HBCUs not as an elective but as a foundational literacy, like writing or math. Rather than each HBCU fighting alone, they could form a national consortium to share computing infrastructure, datasets, research funding, and faculty development programs. HBCUs should expand incubators focused on AI startups, fintech and credit access tools, healthcare AI apps, education platforms, and legal justice tools. Black communities should lead in shaping ethical AI laws requiring bias audits, explainability standards, civil rights protections, and anti-surveillance restrictions. And the community must prioritize ownership of data, because data is the oil of the AI economy. If Black communities do not own their datasets, they will never fully control the systems built from them.

If HBCUs want to remain relevant not just historically, but economically and politically in the next 50 years they must move aggressively on a clear ownership agenda. In the first 12 months, every student regardless of major should graduate with AI literacy training, prompt engineering fundamentals, AI ethics coursework, and data verification and misinformation training. Each institution should form an internal AI Ethics Board including faculty, students, alumni in tech, legal experts, and community leaders to oversee how AI is adopted on campus and how students are trained to deploy it with intention. A required AI Skills Certificate open to all majors should cover Python basics, data analytics, machine learning foundations, and the fundamentals of building and launching AI-powered ventures. Over the following two years, HBCUs should build a shared computing consortium that supports AI research, student projects, and community-owned datasets — infrastructure that belongs to the network of Black institutions, not to any outside vendor. Every HBCU should prioritize building pipelines into Black-owned and Black-led technology ventures first feeding talent back into institutions the community controls. Where partnerships with larger tech companies, healthcare systems, federal research agencies, and defense and cybersecurity programs are pursued, they must be negotiated on terms that preserve IP ownership, protect student data, and create reciprocal investment in HBCU infrastructure not simply pipelines that funnel Black talent into someone else’s institution and call it progress. Each school should develop a startup incubator focused on AI healthcare tools, fintech solutions, education technology, environmental AI monitoring, and civil rights auditing software — companies built to be owned, not just to be acquired.

Over the longer horizon of three to ten years, HBCUs must focus on patents, proprietary research, and scalable tools — not just academic publications. They should become national voices shaping AI governance, civil rights protections, workplace automation policy, data center zoning laws, and environmental justice in AI infrastructure. And by partnering with alumni and Black-owned banks to create a venture fund investing in student startups, faculty innovations, and Black AI entrepreneurs, HBCUs can ensure that the wealth generated by AI does not pass Black communities by entirely.

The Black community has every right to be skeptical of new systems of power. History proves that skepticism is justified. But skepticism is not a strategy and caution is not a counterforce. If a weapon is being formed against us, and the evidence is overwhelming that it is, then we are obligated to form counterweapons. We are obligated to build AI systems that protect Black neighborhoods from surveillance overreach, that audit algorithms for racial bias, that train on Black medical data to save Black lives, that document economic discrimination and place it irrefutably before courts and legislatures. We are obligated to claim institutional ownership of this technology not as guests in someone else’s ecosystem, but as architects of our own. AI will shape the future of medicine, education, business, culture, and governance. The most dangerous outcome is not that AI exists. The most dangerous outcome is that it exists without us and for others to use against us. The future is being coded right now. We must be on the playing field. We must hold the pen.

Disclaimer: This article was assisted by ClaudeAI.