OHUB

📍 On May 29, 2026, the White House OMB published FR Document 2026-10817 — a proposed rule giving political appointees final authority over every federally funded scientific grant in the U.S., demoting peer review to "advisory" status, and allowing...

📍 U.S. household debt hit an all-time high of $18.8 trillion in Q1 2026. Consumer spending is slowing, retail is contracting, and white-collar layoffs are accelerating. But healthcare added 90,000 jobs in March. Trades wages are up double digits....

📍 Four companies just split $188 billion while 142,000 workers lost jobs at profitable firms — and Black founders are still locked out of the room where it's all being decided. This is what the AI economy looks like when ownership isn't part of the...

📍 Meta cut 8,000 jobs and blamed AI. The next day, California made worker equity state policy. Meanwhile, 499,000 trade jobs sit unfilled — paying 30% more than they did four years ago. The AI economy is not eliminating work. It is rerouting it....

📍 Before this country fully claimed them — they still showed up. ───── Every Memorial Day, America pauses to honor its fallen. Flags lower. Ceremonies convene. Politicians speak. And then, reliably, the country moves on — without fully reckoning...

📍 By 2035, six million baby boomer-owned small businesses — worth $5 trillion in enterprise value — will change hands as their owners retire. Under current trends, Black entrepreneurs are positioned to capture just $87 billion of that. Close the...

🚨 OHUBNext | Keisha Won Georgia. $187B in SNAP Cuts Are Landing. The Ballot and the Budget Are the Same Fight. 📍 Keisha Lance Bottoms won the Georgia Democratic gubernatorial primary Tuesday with 56% of the vote — no runoff, no contest. If she...

📍 The federal government just created a $1.776 billion fund — controlled entirely by Trump appointees, answerable to no one — that will likely pay out to Jan. 6 rioters, pardoned insurrectionists, and MAGA loyalists who claim "persecution." The...

📍OHUBNext occasionally features original analysis from investors, operators, and researchers whose work advances the conversation on capital formation, emerging technology, and economic mobility. Today's contributor is Shruti Shah, General Partner...

📍 While Bain Capital closes Asia's largest PE fund at $10.5 billion and industrial robotics startup Mind Robotics crosses $1 billion in total funding, Black unemployment sits at 7.3% — nearly double the national rate — as 271,000 federal jobs have...

📍 Cerebras priced its IPO at $185 and surged 68% on its first day — reaching a $95 billion valuation and signaling that Wall Street's appetite for AI infrastructure is not slowing down. At the same time, the Department of Labor proposed a rule that...

📍 Three things happened to Black Americans in the last 12 months that don't make the tech press. The largest Medicaid cut in history became law — disproportionately stripping coverage from Black families. The Supreme Court allowed Texas to use a...

📍 Meta begins cutting 8,000 employees on May 20 — while simultaneously creating "AI builder," "AI pod lead," and "AI org lead" as new job categories inside the same restructuring. The tech industry has cut 128,270 jobs in 2026, but AI roles are...

📍 The federal government just committed $224 million to put AI training infrastructure in all 50 states — and the Department of Labor launched a free, text-message-based AI literacy course designed specifically for workers without laptops or...

📍 Byron Allen takes control of BuzzFeed—$120M in exchange for governance and a new playbook for distribution ───── TL;DR ▪️ Byron Allen’s family office is putting $120M into BuzzFeed for 40M shares at $3.00/share, targeting about 52% ownership...

🚨 OHUBNext | Trump's AI Action Plan: $700B in Infrastructure, 90 Federal Actions, and One Provision Nobody's Talking About 📍 The Trump Administration's "America's AI Action Plan" — 25 pages, 90+ federal policy actions across innovation,...

📍 SBA’s new E2G Manufacturing in America grant backs hands-on workforce training and technical assistance for small manufacturers—proposals due June 15. ⸻ TL;DR ▪️Up to $50M is on the table in SBA’s new “Manufacturing in America” E2G grant...

📍 Letters of intent due May 22 (5 p.m. ET) for ARC’s POWER Initiative. ⸻ TL;DR ▪️ ARC opened its FY 2026 POWER Initiative funding cycle on May 5, 2026. ▪️ LOIs are due May 22, 2026 (5:00 p.m. ET) and full applications are due July 8, 2026 (5:00...

📍 The AI productivity story is now a jobs, skills, and ownership story. ⸻ TL;DR ▪️ Coinbase said on May 5, 2026 that it will cut about 700 jobs, roughly 14% of its workforce. ▪️ CEO Brian Armstrong cited two pressures: a volatile crypto market...

📍 AI is cutting 16,000 U.S. jobs a month — and the people with the least cushion are absorbing the most impact. ⸻ TL;DR ▪️ AI eliminated an estimated 16,000 U.S. jobs per month in early 2026, with Gen Z and entry-level workers hit hardest — a...