Tag #Tech Industry

Showing 13 to 24 of 229 results

theguardian.com

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Sep 20, 04:15

Trump Administration Imposes $100,000 Annual Fee on H-1B Visas

President Trump signed a proclamation imposing a $100,000 annual fee on H-1B visa applications, potentially impacting the US tech industry that heavily relies on foreign workers.

Trump Administration Imposes $100,000 Annual Fee on H-1B Visas

President Trump signed a proclamation imposing a $100,000 annual fee on H-1B visa applications, potentially impacting the US tech industry that heavily relies on foreign workers.

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Decent Work and Economic Growth

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What is the immediate impact of the new $100,000 annual fee on H-1B visas?

The new fee drastically increases the cost for companies employing H-1B visa holders, particularly smaller firms and startups. This could lead to reduced H-1B visa applications and a potential shift towards hiring American workers.

lexpress.fr

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Sep 20, 07:16

Trump Administration Imposes $100,000 Fee on H-1B Visas

The Trump administration announced a $100,000 fee for companies employing H-1B visa holders, aiming to prioritize American workers and potentially curb the influx of foreign skilled labor.

Trump Administration Imposes $100,000 Fee on H-1B Visas

The Trump administration announced a $100,000 fee for companies employing H-1B visa holders, aiming to prioritize American workers and potentially curb the influx of foreign skilled labor.

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What is the immediate impact of the new $100,000 fee on H-1B visas?

The $100,000 fee, effective immediately, is expected to significantly reduce the number of H-1B visas issued, as it increases the cost of employing foreign workers for companies. This directly impacts tech companies and other sectors reliant on foreign skilled labor.

repubblica.it

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Sep 10, 22:18

Bending Spoons Acquires Vimeo for $1.38 Billion

Milan-based Bending Spoons has acquired video streaming platform Vimeo for $1.38 billion in cash, marking a record deal for an Italian internet company and resulting in Vimeo's delisting from Nasdaq.

Bending Spoons Acquires Vimeo for $1.38 Billion

Milan-based Bending Spoons has acquired video streaming platform Vimeo for $1.38 billion in cash, marking a record deal for an Italian internet company and resulting in Vimeo's delisting from Nasdaq.

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What is the significance of Bending Spoons' acquisition of Vimeo?

This acquisition represents the largest deal to date for an Italian internet company, signifying Bending Spoons' aggressive global expansion strategy. The $1.38 billion cash deal will delist Vimeo from Nasdaq, with shareholders receiving $7.85 per share—a 91% premium over the 60-day weighted average share price.

us.cnn.com

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Aug 25, 13:20

AI-Powered Code Generation Causes Slump in Software Company Shares

The rise of AI-powered code-writing tools is causing a significant slump in the share prices of major software companies like Salesforce, Adobe, and Atlassian, as investors worry about the potential for AI to disrupt the traditional SaaS model.

AI-Powered Code Generation Causes Slump in Software Company Shares

The rise of AI-powered code-writing tools is causing a significant slump in the share prices of major software companies like Salesforce, Adobe, and Atlassian, as investors worry about the potential for AI to disrupt the traditional SaaS model.

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How is the rise of AI-powered code generation directly impacting the financial performance and market valuation of major software companies?

The rise of AI-powered code-writing tools is significantly impacting the software industry, causing a slump in share prices for major companies like Salesforce (-26%), Adobe (-19%), and Atlassian (-30%). This contrasts sharply with the positive performance of the S&P 500 (up 10%) and Nasdaq (up 11%).

bbc.com

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Aug 22, 07:18

X Settles $500M Lawsuit Over Severance Pay

Elon Musk's X, formerly Twitter, reached a tentative settlement with former employees who sued for $500 million in unpaid severance after approximately 6,000 were laid off in 2022; details of the agreement are not yet public.

X Settles $500M Lawsuit Over Severance Pay

Elon Musk's X, formerly Twitter, reached a tentative settlement with former employees who sued for $500 million in unpaid severance after approximately 6,000 were laid off in 2022; details of the agreement are not yet public.

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What are the immediate consequences of the tentative settlement between Elon Musk's X and its former employees regarding severance pay?

Elon Musk and X (formerly Twitter) have tentatively settled a lawsuit brought by former employees over severance pay. The settlement, details of which are still private, follows the dismissal of roughly 6,000 employees in 2022. The suit alleged wrongful denial of benefits, claiming insufficient severance payments compared to the company's plan.

us.cnn.com

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Aug 15, 04:14

Trump Administration Considers Government Stake in Intel

The Trump administration is reportedly considering a government stake in Intel to boost domestic chip manufacturing, following a meeting between President Trump and Intel CEO Lip-Bu Tan; Intel's stock price jumped over 7% on the news.

Trump Administration Considers Government Stake in Intel

The Trump administration is reportedly considering a government stake in Intel to boost domestic chip manufacturing, following a meeting between President Trump and Intel CEO Lip-Bu Tan; Intel's stock price jumped over 7% on the news.

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What are the immediate implications of the potential US government investment in Intel?

The Trump administration is considering a government stake in Intel, potentially bolstering the struggling chipmaker and its Ohio manufacturing facility. This follows a meeting between President Trump and Intel CEO Lip-Bu Tan, with Intel's stock rising over 7% on the news. The deal could serve as a model for future government investments in critical US industries.

bbc.com

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Sep 20, 22:18

US H-1B Visa Fee Hike to $100,000

US President Trump announced a dramatic increase in the annual H-1B visa fee for skilled foreign workers, raising it from $1,500 to $100,000, impacting tech companies reliant on foreign talent.

US H-1B Visa Fee Hike to $100,000

US President Trump announced a dramatic increase in the annual H-1B visa fee for skilled foreign workers, raising it from $1,500 to $100,000, impacting tech companies reliant on foreign talent.

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How does this fee increase affect the broader US immigration policy and its stated goals?

The dramatic fee increase reflects the Trump administration's stricter immigration policies, aiming to curb the inflow of foreign workers and potentially increase opportunities for American citizens. This action aligns with Trump's past statements about foreign workers taking American jobs.

elpais.com

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Sep 20, 01:18

Trump Administration Imposes $100,000 Fee on H-1B Visas

President Trump signed an executive order imposing a $100,000 fee on H-1B visa applications and initiating a review of existing salary levels, aiming to curb the program's use and increase wages for American workers.

Trump Administration Imposes $100,000 Fee on H-1B Visas

President Trump signed an executive order imposing a $100,000 fee on H-1B visa applications and initiating a review of existing salary levels, aiming to curb the program's use and increase wages for American workers.

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What is the immediate impact of the new $100,000 fee on H-1B visa applications?

The $100,000 fee will likely drastically reduce the number of H-1B visa applications, particularly impacting tech companies that heavily rely on this program for foreign workers. This could lead to labor shortages in the tech sector and potentially higher costs for businesses.

aljazeera.com

🌐 85% Global Worthiness

Sep 4, 04:14

Salesforce Lays Off 4,000 in AI-Driven Restructuring Amid Strong Financials

Salesforce, reporting strong Q3 2024 financials, laid off 4,000 customer support employees, reducing that division's headcount to 5,000, while simultaneously boasting about AI handling one million customer conversations and strong revenue growth.

Salesforce Lays Off 4,000 in AI-Driven Restructuring Amid Strong Financials

Salesforce, reporting strong Q3 2024 financials, laid off 4,000 customer support employees, reducing that division's headcount to 5,000, while simultaneously boasting about AI handling one million customer conversations and strong revenue growth.

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How does Salesforce's justification for these layoffs relate to its financial performance and broader AI strategy?

Salesforce reported $10.2 billion in revenue for Q3 2024, a 10% increase year-over-year, and announced a $20 billion share buyback plan. CEO Marc Benioff frames the layoffs as necessary for AI investment, claiming AI already performs 30-50% of the work and that this restructuring maximizes shareholder value.

us.cnn.com

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Aug 23, 01:17

U.S. Government Takes 9.9% Stake in Intel for $8.9 Billion

The U.S. government invested $8.9 billion in Intel, acquiring a 9.9% stake to boost domestic semiconductor production and secure America's technological edge, using funds from the CHIPS and Science Act and Department of Defense programs; the deal includes no government representation on Intel's boar...

U.S. Government Takes 9.9% Stake in Intel for $8.9 Billion

The U.S. government invested $8.9 billion in Intel, acquiring a 9.9% stake to boost domestic semiconductor production and secure America's technological edge, using funds from the CHIPS and Science Act and Department of Defense programs; the deal includes no government representation on Intel's boar...

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What is the immediate impact of the U.S. government's $8.9 billion investment in Intel on American semiconductor manufacturing and global competition?

The U.S. government acquired a 9.9% stake in Intel for $8.9 billion, utilizing funds from the CHIPS and Science Act and the Department of Defense. This investment aims to bolster domestic semiconductor manufacturing and solidify the U.S.'s position in the global chipmaking industry. The deal includes no board representation for the government.

abcnews.go.com

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Aug 20, 16:18

Trump Administration Seeks 10% Stake in Intel

The Trump administration seeks a 10% stake in Intel, converting Biden-era grants, to boost domestic chip production and reduce reliance on foreign suppliers, potentially altering the relationship between the public and private sectors.

Trump Administration Seeks 10% Stake in Intel

The Trump administration seeks a 10% stake in Intel, converting Biden-era grants, to boost domestic chip production and reduce reliance on foreign suppliers, potentially altering the relationship between the public and private sectors.

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What are the immediate economic and political implications of the Trump administration's proposed 10% stake in Intel?

President Trump is pursuing a 10% stake in Intel, leveraging government grants pledged under the Biden administration. This move would significantly increase government involvement in the tech sector and potentially reshape the relationship between public and private entities in the U.S. economy.

abcnews.go.com

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Aug 15, 01:21

Supreme Court Allows Mississippi Social Media Law to Proceed

The Supreme Court temporarily allowed Mississippi's new law to regulate children's social media use, rejecting a tech industry group's emergency appeal despite concerns about privacy and free speech violations, while acknowledging a high probability of the law's eventual invalidation.

Supreme Court Allows Mississippi Social Media Law to Proceed

The Supreme Court temporarily allowed Mississippi's new law to regulate children's social media use, rejecting a tech industry group's emergency appeal despite concerns about privacy and free speech violations, while acknowledging a high probability of the law's eventual invalidation.

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What is the immediate impact of the Supreme Court's decision on Mississippi's social media law, and how does it affect the tech industry?

The Supreme Court temporarily allowed Mississippi's law to regulate children's social media use, rejecting a tech industry group's appeal. Justice Kavanaugh indicated a likelihood of the law being deemed unconstitutional, but not before its enforcement. This decision affects major platforms like Facebook, X, and YouTube, impacting millions of users.

Showing 13 to 24 of 229 results