FSIC AI and Tech Inclusion Task Force

FSIC AI and Tech Inclusion Task Force is dedicated to helping disadvantaged small business owners by creating financial tools with new technologies and supporting minority individuals to take on leadership roles in the tech industry.

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January 2025.

AI Updates

Economic Impacts and Industry Shifts

In January 2025, the AI landscape witnessed significant economic developments. A notable event was the emergence of China’s AI startup, DeepSeek, which introduced the R1 model. This model demonstrated advanced reasoning capabilities at a fraction of the cost of its competitors, leading to a substantial decline in tech stocks. Nvidia’s stock, for instance, plummeted nearly 18%, reflecting investor concerns over U.S. dominance in the AI sector.

President Donald Trump announced the Stargate Project, a collaboration between OpenAI, SoftBank, Oracle, and MGX. The initiative plans to invest up to $500 billion in AI infrastructure across the United States by 2029, aiming to bolster the nation’s position in the global AI race.

Social Implications and Regulatory Responses

The United States continued to grapple with the societal impacts of artificial intelligence (AI), focusing on ethical concerns and regulatory measures. A significant development was the enactment of the ELVIS Act in Tennessee, marking the nation’s first legislation aimed at regulating AI simulations of image, voice, and likeness. This law addresses issues related to voice cloning and deepfakes, reflecting growing concerns over AI’s potential to infringe on personal identity and privacy.

At the federal level, the Biden administration maintained its commitment to responsible AI development. Building upon the Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence issued in October 2023, the administration emphasized the importance of AI safety, equity, and civil rights. The order mandates that AI should not “worsen job quality” or “cause labor-force disruptions,” highlighting concerns about potential job displacement due to automation. It also calls for AI systems to “advance equity and civil rights,” ensuring that marginalized groups are not disadvantaged by AI technologies.

Despite these efforts, challenges persist. A December 2024 congressional report by the House Subcommittee on Government Weaponization warned of potential mass government censorship using AI tools to monitor and suppress civilian protests and dissent. The report highlighted the federal government’s investment in AI-powered tools and cited examples of censorship abroad, emphasizing the need for vigilance to prevent similar misuse domestically.

These developments underscore the complex landscape of AI regulation in the U.S., balancing innovation with ethical considerations and the protection of civil liberties.

Environmental Considerations

AI’s environmental footprint became a focal point, especially regarding energy consumption. DeepSeek claimed that its AI model uses about one-tenth of the computing power compared to Meta’s Llama 3.1, potentially revolutionizing AI energy consumption and its environmental impact. This development could lead to more sustainable AI practices if widely adopted.

Corporate Investments and Market Dynamics

Major corporations continued to invest heavily in AI. Meta and Microsoft reaffirmed their commitments to substantial AI spending, despite market disruptions caused by DeepSeek’s advancements. Meta’s stock rose nearly 4% following CEO Mark Zuckerberg’s confirmation of ongoing investments in AI infrastructure. Conversely, Microsoft’s shares dipped 6% due to weaker revenue projections, though the company emphasized its dedication to AI development.

In the U.S. financial sector, significant partnerships have been established to modernize market infrastructure through cloud computing and AI-driven analytics. A notable example is U.S. Bank’s collaboration with Microsoft, where U.S. Bank selected Microsoft Azure as its primary cloud provider. This partnership aims to modernize the bank’s technology foundation, enabling rapid data access and analysis, expediting time to market, and scaling innovative products for customers and partners. The transition to cloud computing is expected to enhance data security, financial asset protection, and customer privacy, while adding resiliency and strengthening technology risk management.

Additionally, BNY Mellon and Microsoft have formed a strategic alliance to transform capital markets and the broader financial services industry. This collaboration focuses on expanding BNY Mellon’s data and analytics solutions, leveraging Microsoft’s cloud computing and AI capabilities to enhance client services and operational efficiency.

These collaborations underscore a broader trend in the U.S. financial industry, where institutions are increasingly partnering with technology firms to leverage AI and cloud solutions. The goal is to enhance operational efficiency, improve customer experiences, and maintain competitiveness in a rapidly evolving market.

AI and Workforce Reports: January 2025

As of February 2025, reports from leading organizations shed light on the latest advancements in AI and shifting workforce trends. These developments illustrate how technology is not just reshaping industries but also redefining how people work and interact within them.The insights underscore the importance of innovation in tackling modern workplace challenges while unlocking new opportunities. They serve as a guide for businesses and communities striving to adapt and thrive in this rapidly evolving landscape.

JANUARY 2025 REPORTS

January 2025 Report

“The report highlights the urgent need for bold investments in STEM education to close the AI talent gap. If we fail to act, we will fall behind global competitors who are already rapidly advancing their tech capabilities. This means aligning education with industry demands to get people ready for the future of work. To be successful, we must foster a culture of lifelong learning to ensure our workforce remains competitive and adaptive in an economy powered by AI.”
Neil Sahota

Mission Statement

The mission of the AI and Technology Inclusion Task Force is to foster diversity and inclusion within the technology industry, mainly focusing on the advancement of disadvantaged and minority workers.

We strive to break down barriers to decision-making positions, advocating for equality beyond entry-level roles. Our efforts are dedicated to delivering comprehensive educational programs that enhance financial literacy, aiding in the effective navigation of the technology sector.

We also aim to create innovative tools and strategies to connect individuals with technological opportunities while fostering a financial inclusion ecosystem. Ultimately, our commitment is to shape the technology industry into a more inclusive space where individuals from all walks of life have an equitable opportunity to influence and lead.

FSIC AI and Tech Inclusion Task Force​ Members

Neil Sahota

Artificial Intelligence (AI) Advisor | United Nations (UN)

Neil Sahota (萨冠军) is an IBM Master Inventor, United Nations (UN) Artificial Intelligence (AI) subject matter expert, and Professor at UC Irvine. With 20+ years of business experience, he works with clients and business partners to create next generation products/solutions powered by AI. His work experience spans multiple industries including legal services, healthcare, life sciences, retail, travel and transportation, energy and utilities, automotive, telecommunications, media/communication, and government. Moreover, Neil is one of the few people selected for IBM’s Corporate Service Corps leadership program that pairs leaders with NGOs to perform community-driven economic development projects. For his assignment, Neil lived and worked in Ningbo, China where he partnered with Chinese corporate CEOs to create a leadership development program.

In addition, Neil partners with entrepreneurs to define their products, establish their target markets, and structure their companies. He is a member of several investor groups like the Tech Coast Angels and assists startups with investor funding. Neil also serves as a judge in various startup competitions and mentor in several incubator/accelerator programs.

He actively volunteers with nonprofits for event management, fund raising, grant reviews, and site visits. Neil is an active member of the UCI Alumni Association and serves on the Board of Directors for the Orange County Marathon, supporting their work with the OC Kids program in fighting childhood obesity.

Trecia Warnholz

Founder | Created in Color

Trecia is a creative problem-solver, digital strategist, and social entrepreneur with a deep-rooted passion for using technology to drive meaningful impact. With over two decades of experience in digital marketing, technology, and product innovation, she thrives at the intersection of strategy, execution, and creative storytelling.

Her work is grounded in a strong belief that technology should serve people—not the other way around. Whether building inclusive digital experiences, designing seamless marketing strategies, or guiding organizations through tech transformation, Trecia brings a unique blend of technical expertise, strategic vision, and creative ingenuity to every project.

A fierce advocate for equity and inclusion in the creative and tech industries, Trecia challenges the status quo by championing diverse perspectives and innovative approaches. She believes that the best ideas come from varied experiences and is committed to ensuring that technology and digital solutions reflect the full spectrum of human creativity.

At her core, Trecia is a builder—of brands, of communities, and of systems that work better for everyone. Her ability to see both the big picture and the finer details makes her an invaluable partner to businesses, nonprofits, and changemakers looking to amplify their impact in an increasingly digital world.

Arthur Sidney

Senior Vice President
Forbes Tate Partners

Arthur Sidney Is A Law And Public Policy Professional With Nearly 25 Years Experience In The All Three Branches Of Government, Where He Currently Serves As Senior Vice President At Forbes Tate Partners. Arthur Focuses Upon Technology/Digital Services And Telecom Issues, With A Particular Focus In Antitrust, Intellectual Property, And Privacy. He Has Worked At One Of The Oldest Digital Services Associations Representing The Tech Community And Has Served As Chief Of Staff And Chief Counsel To Rep. Henry C. “Hank” Johnson, Jr. (Ga-04) And Chief Counsel And Legislative Director For Rep. Sheila Jackson Lee (Tx-18) For Over A Decade Where He Advised On All Judiciary Related Matters.

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