A report by the Joint Center for Political and Economic Studies has called for Black America to develop a better understanding of artificial intelligence technology and reduce the racial wealth gap. The report suggests that AI could generate hundreds of billions in new household wealth by 2045, with Black households only receiving around 38 cents of every dollar of new wealth created in the U.S., this could lead to a $43 billion annual growth in racial wealth. It also highlights four major barriers to Black entrepreneurs in the AI industry, including the Knowledge Gap, the Infrastructure Gap, Capital Gap, and Representation Gap. The Joint Center suggests that state and local leaders should develop strategies for advancing AI understanding. These include intentional state investment and tax incentives to Black-owned tech startups and AI-related small businesses, community-based reskilling, tuition-free boot camps for under-represented groups, and treating AI as a public good rather than a private utility.