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Teri Williams, President and Chief Operating Officer of OneUnited Bank, reflects on her family's rich history, tracing it back to her great-grandmother, Ma Honey, an enterprising businesswoman in Indiantown, Florida. Ma Honey's diverse ventures, including a candy store, barbecue joint, juke joint, and rental properties, not only secured her family's financial well-being but also provided opportunities, such as funding her grandparents' relocation for her father's high school education in a segregated era. Williams acknowledges that her great-grandmother's entrepreneurial spirit subtly influenced her own path to success, which began with scholarships to Brown University and Harvard Business School, leading to a distinguished career in national banking.

Williams, alongside her husband Kevin, co-founded OneUnited Bank in the mid-1990s by consolidating four banks serving the Black community. While building their banking empire and raising their two children, now 30 and 32, Williams instilled in them the paramount importance of saving. She stresses that savings are not just for security but enable individuals to take calculated risks essential for growth, including significant life investments like homeownership. Williams believes that a robust savings cushion mitigates the impact of inevitable financial missteps, fostering resilience and long-term prosperity.

Even with her background, Williams recognized the challenges in fostering financial literacy, not only for her children but also for the broader Black community. She authored a children's book addressing issues like check cashers and payday loans, integrating these concepts into OneUnited's school-based financial literacy programs. A revealing incident with her daughter, who mistook a credit card balance for available funds, underscored the complexity of financial terminology and the need for clear, accessible education. Williams embraces the evolving landscape of financial decisions, noting her children's preference for individual stocks and cryptocurrency over her traditional mutual fund investments. She holds an optimistic vision for future generations, hoping they will expand their financial influence globally, building upon the legacy of community service established by her great-grandmother and continued through OneUnited Bank.

Embracing financial knowledge and prudent saving strategies empowers individuals to navigate complex economic landscapes with confidence. By learning from past experiences and adapting to new financial tools, each generation can build a stronger, more equitable future, transcending economic barriers and fostering widespread prosperity.

New York City's public school system has taken a significant step regarding artificial intelligence, instituting a temporary ban on generative AI tools for younger students. This initiative reflects growing concerns among educators and parents about the appropriate integration of AI into the learning environment, particularly for developing minds. The policy also introduces a structured approach for high school students, aiming to balance the benefits of AI exposure with critical awareness and responsible usage.

The New York City Department of Education declared a one-year prohibition on generative AI for students in elementary and middle schools. This measure impacts a substantial portion of the city's student population, estimated at around 600,000 children. This decision stems from a careful consideration of the potential effects of AI on early childhood development and learning processes. The city's Mayor, Zohran Mamdani, emphasized that while the tech industry often promotes AI as an inevitable necessity in early education, the city's perspective differs, prioritizing a cautious and evidence-based approach.

For high school students, the approach is more nuanced. They will be required to participate in two AI literacy courses annually, designed to foster a deeper understanding of artificial intelligence, its capabilities, and its limitations. Additionally, these older students will have controlled access to specific AI programs within designated educational contexts. Kamar Samuels, the city's schools chancellor, outlined that these programs would exclude open-ended chatbots, focusing instead on subject-specific applications with stringent time constraints. For instance, a program like Quill, used in English classes for text analysis, would be limited to just 15 minutes per week.

Beyond AI restrictions, the new policy also addresses screen time, introducing daily limits for personal device usage. Students in third through fifth grade will be allowed 30 minutes of screen time, while middle school students will have a 45-minute daily limit. These measures collectively highlight a comprehensive effort by New York City's school officials to manage technology's role in education, responding to broader societal discussions about children's digital well-being and academic integrity. The policy will undergo an evaluation after the 2026-2027 school year to assess its effectiveness and outcomes.

This moratorium by New York City's school system is considered one of the most extensive of its kind nationally. It was shaped by input from both students and teachers, reflecting a collaborative decision-making process. The city's leaders acknowledge that high school students are entering a world increasingly influenced by AI, making it essential to equip them with the necessary skills and understanding to navigate this evolving technological landscape responsibly, rather than pretending such advancements do not exist.