Nvidia CEO Huang confirms company will keep sponsoring H-1B visas says Business Insider

Fed Reserve's Neel Kashkari expressed doubt that AI is currently causing significant job displacement, despite widespread adoption of tools like ChatGPT. He suggested that if AI successfully boosts productivity and economic growth, it could actually lead to higher interest rates as the Fed works to control inflation. While acknowledging ongoing tech investments in areas like data centers, Kashkari emphasized there's no clear evidence yet of AI triggering widespread job losses. He recommended careful monitoring of labor trends before drawing conclusions about AI's economic impact, noting that current technology investments may eventually require fewer workers to operate.

Nvidia CEO Jensen Huang has confirmed the company will continue sponsoring H-1B visas for international talent, covering all associated costs. The company employs H-1B workers in crucial roles including software engineering and research. In fiscal year 2025, Nvidia filed 764 H-1B petitions with a 98% approval rate, and over 3,200 applications in the past three years. This commitment helps Nvidia maintain industry leadership in AI and computing by ensuring access to global expertise.

Dell Technologies has significantly raised its annual forecasts due to strong AI server demand using NVIDIA chips. Q2 fiscal 2026 showed impressive results with revenue up 19% to $29.8 billion and operating income rising 27% to $1.8 billion. The company shipped $8.2 billion in AI systems with a substantial order backlog. While AI server sales projections increased to $20 billion for fiscal 2026, PC segment growth was minimal at just 1%. Dell is balancing this growth with sustainability initiatives, targeting net-zero emissions by 2050 through efficiency improvements, renewable energy investments, and responsible sourcing. Despite strong overall performance, lower-than-expected Q3 projections caused shares to fall 5% after hours.

OpenAI has banned multiple accounts suspected of connections to Chinese government entities for requesting help with surveillance systems targeting minorities and monitoring political content. The company identified instances where users asked ChatGPT to design tools for tracking Uyghurs and scanning social media for religious content, violating OpenAI's security policies. Over three months, OpenAI disrupted ten covert operations using its AI for malicious purposes, including influence campaigns and social engineering. China denied these allegations and highlighted its own AI governance efforts. These incidents occur amid intensifying US-China competition in AI development, with OpenAI implementing stronger security measures to prevent misuse of its technology.