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Nvidia CEO Jensen Huang, an immigrant from Taiwan, criticizes Trump's $100,000 H-1B visa fee, arguing it would have barred his family's U.S. entry and could exclude talented workers from modest backgrounds. While supporting merit-based reforms, he and other tech leaders warn of stifled innovation and potential brain drain. Nvidia pledges to cover fees for its employees.
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Nvidia CEO Jensen Huang committed to sponsoring H-1B visas, covering Trump's new $100,000 fees to attract global talent for AI innovation. Sharing his immigrant journey, he supports the policy as a step toward merit-based immigration. This ensures Nvidia's workforce remains competitive despite potential burdens on smaller firms.
Electronic Arts is set for a $55 billion leveraged buyout by a consortium including Saudi Arabia's Public Investment Fund, offering shareholders a 25% premium at $210 per share. This shift to private ownership promises investor gains and strategic flexibility but raises employee fears of layoffs and debt-driven cuts. The deal's long-term impact on innovation remains uncertain.
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Deutsche Lufthansa AG plans to cut 4,000 administrative jobs by 2030 in Germany, Austria, and Switzerland, leveraging AI for efficiency and digitalization to boost profitability by €300 million annually. This spares operational staff and aligns with industry trends, though it raises workforce reskilling concerns. The move positions Lufthansa as an AI frontrunner in aviation.
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