Big tech firms not only hire talent, they also create business ecosystems, including platforms, incubators, marketplaces, cloud services, and ad networks. For Black entrepreneurs and small businesses in Black communities, being included in these ecosystems is critical for innovation, offering new pathways, community growth, and economic stimulus.

On today's 'Daily Variety,' AI collides with Big Tech jobs as layoff notices fly; indie streamer Dropout raises its price -- and fans don't complain.

Amazon shares surged after its cloud unit posted the strongest growth rate in almost three years. Apple projected a jump in sales over the holiday season after releasing new iPhones, helping to assure investors that its flagship product remains a growth engine.

Despite the risk of a bubble, Google, Meta, Microsoft and Amazon plan to spend billions more on artificial intelligence than they already do.

Earnings season kicked into high gear last week when five of the Magnificent Seven members with a combined market value of over $15 trillion reported results.

Silicon Valley’s mega AI spending spree isn’t slowing down anytime soon. But Wall Street’s patience to see a return might be wearing a little thin.

Bulls argue that the rally in shares of tech companies, which has driven much of the market’s gains for the past two years, still has room to run. The bears warn that tech valuations have climbed too high and could collapse in a fashion that resembles the dot-com bust of the early 2000s.