Nvidia and OpenAI CEOs react to Trump’s H-1B visa moves
Nvidia CEO Jensen Huang and Openai CEO Sam Altman commented on Monday, President Donald Trump’s overseas workers’ decision to increase the cost of hiring with visas.
On Friday, Trump announced that he had increased a H-1B visa fee to $ 100,000 and left companies to mix. Employers must now have payment documents before submitting a H-1B petition on behalf of a worker. Applicants will restrict their petitions for 12 months until the payment is made, White House.
Huang and Altman responded to changes in an interview with Jon Fortt from CNBC, where the two executives announced that Nvidia’s artificial intelligence laboratory will invest $ 100 billion in Openai because Chipmaker’s artificial intelligence processors began to build a hundred billion dollars of data centers.
“We want the brightest minds to come to the United States and remember that migration is the basis of the American dream,” Huang said on Monday. He said. “We represent the American dream. And I think it’s really important for our immigrant company and is really important for the future of our nation, and I’m glad to see that President Trump has done.”
Openai CEO Sam Altman also expressed a positive perspective on Trump’s changes.
“We must take the smartest people in the country, and it seems good for me to facilitate this process and at the same time summarizing financial incentives.” He said.
The new fee of $ 100,000 will be a seismic change for US technology and financial sectors, especially for high-quality immigrants from India and China. Last year, these two countries constituted 71% and 11.7% of visa holders, respectively.
Those who are currently with an H-1B visa and outside the United States will not have to pay the fee to re-enter. Many employers use H-1B workers to fill the gaps of these high technical roles, which are not in American labor supply.
– CNBC Tech reporter Annie Palmer contributed to this report.
WRISTWATCH: Watch the full interview with CNBC’s NVIDIA CEO Jensen Huang and Openai leaders Sam Altman and Greg Brockman
