Tech companies have been pouring billions into artificial intelligence this year in the wake of the AI and data center boom. But a coalition of Amazon employees says the company’s AI usage is happening alongside rising global temperatures, political instability, and “a more militarized surveillance state with fewer protections for ordinary people,” according to Fortune….
Carvana (CVNA) said sales surged 55% in the third quarter, with profits jumping in tandem as the online car retailer touted the advantages of its “vertically integrated” business model. Carvana reported Q3 revenue of $5.65 billion, up 55% versus a year ago and surpassing the $5.11 billion estimated, per Bloomberg consensus. It posted earnings per…
US stocks jumped to new record highs on Tuesday as investors fielded the latest rush of earnings and looked to the Federal Reserve meeting to confirm interest rate cuts are on the way. The Dow Jones Industrial Average (^DJI) rose 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) moved up around 0.8%, leading the way higher….
A number of stocks fell in the afternoon session after new trade tensions and disappointing earnings from major tech companies weighed heavily on investor sentiment. A key driver was the news that the White House is considering new restrictions on Chinese exports that use U.S. software, a move that could significantly impact technology companies. This…
A TikTok from @sreela.r showing anxious travelers stepping off an Emirates jet went viral after news broke of a surprise $100,000 fee tied to new H-1B petitions. The clip captured private panic in public view as workers wondered whether their jobs, start dates and long-planned moves had just been cancelled with the stroke of a…
By Eduardo Baptista BEIJING (Reuters) -China’s new visa programme aimed at attracting foreign tech talent kicks off this week, a move seen boosting Beijing’s fortunes in its geopolitical rivalry with Washington as a new U.S. visa policy prompts would-be applicants to scramble for alternatives. While China has no shortage of skilled local engineers, the programme…
Box CEO Aaron Levie is pushing back against President Trump’s $100,000 H-1B visa fee, warning the policy will give large tech companies an unfair advantage over cash-strapped startups in the competition for global talent. Speaking on “The A16z Podcast” alongside Andreessen Horowitz partners, Levie argued that the steep fee structure essentially turns international hiring into…
WASHINGTON (AP) — Lawmakers and activists across the political spectrum called on American tech firms to stop selling surveillance equipment to Chinese police and for Congress to examine the issue after The Associated Press reported that U.S. technology had played a far greater role than previously known in enabling human rights abuses by Beijing. Republican…
By Purvi Agarwal and Sukriti Gupta (Reuters) – The S&P 500 and the Nasdaq were subdued on Monday after rallying to record highs in the previous session, while uncertainty around President Donald Trump‘s visa policies also dimmed sentiment. The Trump administration said on Friday it would ask companies to pay $100,000 per year for H-1B…
HSBC said the increase in visa costs for foreign employees in the US is “manageable” for the lender as it has fewer workers there than some of its peers or major technology companies. “We don’t have a huge amount of visa holders,” Michael Roberts, who heads the British lender’s corporate and institutional banking division, told…