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The USCIS has selected 120,141 H-1B visa applications for 2026, marking the lowest number since 2021, amid ongoing debates over immigration policy. A significant decline in registrations, down 27% from the previous year, is attributed to increased filing fees, which rose from $10 to $215. Despite mass tech layoffs, demand for H-1B visas remains high, indicating a continued reliance on skilled immigrant labor in sectors like technology and finance.
Elon Musk and Donald Trump are courting Saudi oligarchs for AI investments during Trump's visit to Riyadh, where a $600 billion U.S.-Saudi investment plan was announced. This includes $142 billion for advanced military equipment and $20 billion for AI data centers in the U.S. Musk plans to reduce his involvement in the Trump administration to focus on Tesla, despite ongoing efforts to integrate AI across federal agencies, raising concerns about a technocratic agenda. Meanwhile, Trump continues to advocate for AI funding, although his tariff policies are complicating financing discussions.
OpenAI has made significant changes, including abandoning plans to become a for-profit entity and appointing Fidji Simo as head of applications. The company will now convert its for-profit arm into a public benefit corporation, maintaining control under its nonprofit structure. Elon Musk, a co-founder, criticizes these moves as a "facade" to obscure alleged misappropriation of funds.
Southeast Asia's startup ecosystem is recalibrating as it faces a cooling phase after a decade of growth, with a focus on overcoming challenges and exploring new opportunities. Notably, Bukalapak's pivot from physical goods to virtual products has led to a remarkable turnaround, with Q1 2025 revenue rising 37% year on year to US$90 million and a net profit of US$7 million. Meanwhile, Grab's financial health remains strong, with a projected 3% increase in adjusted earnings for 2025, despite macroeconomic concerns.
Xiaomi and Huawei are rumored to collaborate on creating a Google-free Android ecosystem, potentially challenging Google's dominance in the software market. Xiaomi's new operating system, HyperOS, aims to integrate its features while reducing reliance on Android, following Huawei's lead with HarmonyOS NEXT. However, this shift carries risks, including potential loss of user base and increased costs for alternative services.
The U.S. government has requested a judge to dismantle Google's advertising technology business, citing concerns over monopolistic practices. This move reflects ongoing scrutiny of major tech companies and their influence in the digital advertising market. The outcome could significantly impact the industry landscape.
Replacing Elon Musk as Tesla's CEO presents significant challenges, with concerns about potential successors and investor reactions. Musk's strong association with Tesla complicates the transition, as any new leader would operate under his considerable influence. Speculation includes candidates like Tom Zhu, JB Straubel, and Gwynne Shotwell, but attracting a suitable replacement may require substantial assurances and conditions.
Toyota and Google are intensifying their efforts to challenge Tesla's dominance in the electric vehicle market. As both companies ramp up their innovations and strategies, the competition is set to heat up, potentially reshaping the landscape of the automotive industry.
TikTok is set to invest €1 billion (US$1.14 billion) in a new data center in Finland as part of its "Project Clover" initiative, aimed at addressing European data privacy concerns. This investment is part of a larger €12 billion commitment over ten years to enhance data security amid rising regulatory pressures and geopolitical tensions surrounding data sovereignty. Finland is emerging as a key hub for data infrastructure, with significant investments from major tech companies leveraging its favorable climate and renewable energy resources.
Barclays has lowered its price target for Meta Platforms Inc. to $640 from $705 while maintaining an Overweight rating. The company reported strong first-quarter results, with earnings per share of $6.43 and revenue of $42.31 billion, surpassing expectations. Despite anticipated challenges in the digital advertising market, Meta's focus on AI and operational efficiency positions it for continued growth, with projected second-quarter revenue between $42.5 billion and $45.5 billion.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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