President Donald Trump has signed a new executive order, which adds a $100,000 fee to H-1B visa applications. It's not a one-time fee either: The New York Times has reported that companies will have to pay $100,000 a year for any employee it brings over to the US on the visa for up to six years. The Secretary of Homeland Security will restrict approval for visa applications unless accompanied by the fee, though the rule "allows case-by-case exemptions if [it's] in the national interest." This new requirement will only apply to new visa applicants, a White House official told The Times, and it will likely face legal challenges. If it does get implemented, though, it could deal a huge blow to the tech industry. <br /> While several sectors in the US use the program [...]
There may have been some extra incentive for the Trump administration to get the TikTok US deal done. According to a report from The Wall Street Journal, the Trump administration is set to receive a t [...]
While Elon Musk faces off against his former colleague and OpenAI co-founder Sam Altman in court, Musk's rival firm xAI, founded to take on OpenAI, isn't slowing down on launching competitiv [...]