Now, when I say "exactly what they want," you might be expecting me to paint a picture of workers happily returning to their daily commutes, overcrowded highways, cavernous or claustrophobic offices, constant interruptions, and extra expenses, and all of it resulting in massive productivity gains. That's not happening, the productivity-gains part. And the longer we play this out, the sillier the performances of " productivity theater " have become. The truth is, the science on productivity is still out.
Roy Lee, CEO of AI tech startup Cluely, which makes software for job interviews and work calls, told The New York Times that he leased eight apartments for employees in a recently-built luxury complex situated just a one-minute walk away from the office. The rents in the 16-story building range from $3,000 to $12,000 a month. "Going to the office should feel like you're walking to your living room, so we really, really want people close," Lee told The Times on Thursday.
Jensen Huang said Nvidia will keep sponsoring H-1B employees, but Trump's new $100,000 fee means the company may have to shell out millions more to keep doing so. Nvidia would have to pay an estimated $147.3 million if President Donald Trump's newest fee applied to the H-1B visaholders the company got approved in 2025, according to a calculation based on data from U.S. Citizenship and Immigration Services. The new $100,000 fee applies only to new H-1B visa applicants and not to those renewing their visas or current visaholders.
In the week since the Trump administration's decision to slap a $100,000 fee on new H-1B applications, I've chatted with many HR leaders, C-suite executives and lawyers to get their take on it, and there's one word to sum up their feelings: confusion. That was the first word out of the mouth of Jyoti Bansal, CEO and founder of Harness, a $5 billion intelligent software delivery platform.
This policy is expected to have a positive impact on financial markets, particularly China's tech sector, which has been suffering from a slowdown in foreign investment and a shortage of specialized talent due to previously more restrictive policies. The "K" visa could help stimulate innovation within Chinese companies, especially start-ups, leading to improved performance of tech stocks in the medium to long term.
Many years ago, Dr. Stephen Hauser and his research team discovered how B cells were crucial to the damage caused by MS. They developed new treatments, including one medicine that is literally saving the life of someone I love dearly. (If you need hope here, read his amazing book.) I met Dr. Hauser a few days ago at a charity dinner in San Francisco, where he spoke about the breakthrough. I got to thank him for this miracle of science, while trying not to cry.