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Time of India
8 hours ago
- Business
- Time of India
'Makes no sense': JD Vance gives H-1B warning to Microsoft, Indians say he's not revealing that....
Vice president JD Vance slammed US companies prioritizing H-1Bs instead of giving jobs to Americans and said he does not believe in the bulls**t story that these companies can't find workers in America. Tired of too many ads? go ad free now Speaking at a bipartisan event co-hosted by the Hill and Valley Forum, Vance questioned the ethics and economic logic behind mass layoffs by companies like Microsoft which is followed by an increase in H-1B applications. This suggests that these companies are laying off Americans and then applying to hire people from overseas. "You see some big tech companies where they'll lay off 9,000 workers, and then they'll apply for a bunch of overseas visas. And I sort of wonder; that doesn't totally make sense to me," Vance said. "That displacement and that math worries me a bit. And what the president has said, he said very clearly: We want the very best and the brightest to make America their home. We want them to build great companies and so forth. But I don't want companies to fire 9,000 American workers and then to go and say, 'We can't find workers here in America.' That's a bulls**t story." Microsoft recently laid off 9,000 employees globally and came under scrutiny for its use of the H-1B visa program. According to several social media claims. Microsoft submitted applications for more than 6,000 H-1B visas since October while they are also laying off so many employees. 'JD Vance is misleading people' An Indian-American tech investor reacted to JD Vance's suggestion and said the vice president would not mention that many of the 9,000 laid off employees were H-1Bs too and they got no severance, no safety net and just a 60-day countdown to leave the country. Tired of too many ads? go ad free now "Microsoft didn't bring in new foreign workers after laying people off , they renewed visas for long-time employees who've been in the U.S. legally for many many years, stuck in green card backlogs. Saying that's 'replacing Americans' is like saying letting a loyal employee stay and renew his visa in the building is the same as hiring someone new off the street. It's not. It's just letting them stay in the job they already earned," the tech investor wrote.
Time of India
12 hours ago
- Business
- Time of India
AMD CEO Lisa Su predicts demand for AI chips may increase to $500 billion; says US is going to…
AMD CEO Lisa Su has said that the global demand for AI chips could rapidly increase to more than $500 billion in a few years. Speaking at an event hosted by the Hill and Valley Forum, Su said that the growth will be driven by infrastructure demands from companies such as Elon Musk's xAI and Sam Altman's OpenAI. "We're imagining that just the accelerator market—so the chips for these AI large computing systems—will be like over $500 billion in a couple of years," Su said. Lisa Su further stated that scaling production alone won't be enough. 'You have to scale the entire ecosystem,' she said. 'The US is going to be a huge piece of it.' AMD CEO Lisa Su on Trump's AI action plan Lisa Su called the Trump administration's action plan 'a really excellent blueprint' to support AI growth in the US. 'What I really like about the AI action plan is that it's quite actionable,' she said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian Investors Are Buying These Dubai Apartments—Here's Why Binghatti Developers FZE Explore Undo Alongside her market projections, Su said AI will drive a wide range of chip designs tailored for different sectors. 'I am a believer in there will be diversity of chips,' she said, predicting a 'Cambrian explosion' of custom chips as AI expands into fields like science, personal devices, and manufacturing. AMD and its rival Nvidia were recently given a break from the US rules that limited the export of certain AI chips to China. Lisa Su said that going forward, policy needs to be balanced, adding that allowing shipments to US allies will help make sure the country's technology remains foundations to AI systems everywhere. 'It's a tricky dribble,' she said. 'I think the administration has been doing a good job of working with us.' Samsung Galaxy Z Fold7: 7 UNMATCHED Features No Other Foldable Has! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Verge
13 hours ago
- Business
- The Verge
Trump unveils his plan to put AI in everything
Ensuring AI reflects 'objective truth,' slashing onerous regulations, disseminating US AI tools around the world, and fast-tracking AI infrastructure: this is all part of President Donald Trump's vision for AI policy. The White House unveiled its 'AI Action Plan' Wednesday ahead of a scheduled appearance by the president at an event in Washington, DC. The 28-page document lays out three pillars of US AI policy in the Trump era: accelerating AI innovation, building American AI infrastructure, and leading international diplomacy and security around AI. Trump is expected to sign a series of related executive orders this week to help implement the plan. He's slated to appear at an event Wednesday evening hosted by the Hill and Valley Forum and the All-In Podcast, which is co-hosted by tech investor-turned-White House AI and crypto czar David Sacks. Large chunks of the plan echo bipartisan rhetoric about ensuring the US maintains a leading role in the AI race and integrates the tech into its economy. But other aspects reflect the Trump administration's push to root out diversity efforts and climate initiatives, as well as a Republican-led attempt to ban states from regulating AI. The plan recommends deleting 'references to misinformation, Diversity, Equity, and Inclusion, and climate change' in federal risk management guidance and prohibiting the federal government from contracting with large language model (LLM) developers unless they 'ensure that their systems are objective and free from top-down ideological bias' — a standard it hasn't yet clearly defined. It says the US must 'reject radical climate dogma and bureaucratic red tape' to win the AI race. The Trump administration wants to create a ''try-first' culture for AI' It also seeks to remove state and federal regulatory hurdles for AI development, including by denying states AI-related funding if their rules 'hinder the effectiveness of that funding or award,' effectively resurrecting a failed congressional AI law moratorium. The plan also suggests cutting rules that slow building data centers and semiconductor manufacturing facilities, and expanding the power grid to support 'energy-intensive industries of the future.' The Trump administration wants to create a ''try-first' culture for AI across American industry,' to encourage greater uptake of AI tools. It encourages the government itself to adopt AI tools, including doing so 'aggressively' within the Armed Forces. As AI alters workforce demands, it seeks to 'rapidly retrain and help workers thrive in an AI-driven economy.' The administration recently lifted restrictions on Nvidia from selling some of its advanced AI chips to companies in China. But the AI Action Plan suggests it's still contemplating some restrictions on selling US technology to foreign adversaries, by recommending the government 'address gaps in semiconductor manufacturing export controls.' The plan also discusses fostering science and research around AI development, investing in biosecurity as AI is used to find new cures for diseases, and creating the necessary legal framework to combat deepfakes. Implementing this plan and 'Winning the AI race' will ensure the country's security, competitiveness, and economic wellbeing, according to an intro by Sacks, the president's science and technology advisor Michael Kratsios, and Secretary of State Marco Rubio. 'The opportunity that stands before us is both inspiring and humbling,' they write. 'And it is ours to seize, or to lose.' Posts from this author will be added to your daily email digest and your homepage feed. See All by Lauren Feiner Posts from this topic will be added to your daily email digest and your homepage feed. See All AI Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Policy Posts from this topic will be added to your daily email digest and your homepage feed. See All Politics Posts from this topic will be added to your daily email digest and your homepage feed. See All Regulation
Time of India
18 hours ago
- Business
- Time of India
From tech podcasts to policy: Trump's new AI plan leans heavily on Silicon Valley industry ideas
Academy Empower your mind, elevate your skills President Donald Trump on Wednesday unveiled a sweeping new plan for America's "global dominance" in artificial intelligence, proposing to cut back environmental regulations to speed up the construction of AI supercomputers while promoting the sale of U.S.-made AI technologies at home and "AI Action Plan" embraces many of the ideas voiced by tech industry lobbyists and the Silicon Valley investors who backed Trump's election campaign last year."America must once again be a country where innovators are rewarded with a green light, not strangled with red tape," Trump said at an unveiling event that was co-hosted by the bipartisan Hill and Valley Forum and the "All-In" podcast, a business and technology show hosted by four tech investors and entrepreneurs, which includes Trump's AI czar, David plan includes some familiar tech lobby pitches. That includes accelerating the sale of AI technology abroad and making it easier to construct the energy-hungry data center buildings that are needed to form and run AI products. It also includes some AI culture war preoccupations of the circle of venture capitalists who endorsed Trump last signed three executive orders Wednesday to deliver on the plan. They seek to fast-track permitting of AI construction projects, expand U.S. tech exports and get rid of "woke" in had given his tech advisers six months to come up with new AI policies after revoking President Joe Biden's signature AI guardrails on his first day in AI plan: global dominance, cutting regulations The plan prioritizes AI innovation and adoption, urging the removal of any barriers that could slow down adoption across industries and government. The nation's policy, Trump said, will be to do "whatever it takes to lead the world in artificial intelligence."Yet it also seeks to guide the industry's growth to address a longtime rallying point for the tech industry's loudest Trump backers: countering the liberal bias they see in AI chatbots such as ChatGPT or Google 's plan aims to block the government from contracting with tech companies unless they "ensure that their systems are objective and free from top-down ideological bias." The plan says the nation's leading AI models should protect free speech and be "founded on American values," though it doesn't define which values those should a former PayPal executive and now Trump's top AI adviser, has been criticizing "woke AI" for more than a year, fueled by Google's February 2024 rollout of an AI image generator. When asked to show an American Founding Father, it created pictures of Black, Asian, and Native American quickly fixed its tool, but the "Black George Washington" moment remained a parable for the problem of AI's perceived political bias, taken up by X owner Elon Musk, venture capitalist Marc Andreessen, Vice President JD Vance and Republican AI data center permits to speed up supercomputer construction Chief among the plan's goals is to speed up permitting and loosen environmental regulation to accelerate construction on new data centers and factories. It condemns "radical climate dogma" and recommends lifting environmental restrictions, including clean air and water has previously paired AI's need for huge amounts of electricity with his own push to tap into U.S. energy sources, including gas, coal and nuclear."We will be adding at least as much electric capacity as China," Trump said at the Wednesday event. "Every company will be given the right to build their own power plant."Many tech giants are already well on their way toward building new data centers in the U.S. and around the world. OpenAI announced this week that it has switched on the first phase of a massive data center complex in Abilene, Texas, part of an Oracle-backed project known as Stargate that Trump promoted earlier this year. Amazon , Microsoft, Meta and xAI also have major projects tech industry has pushed for easier permitting rules to get its computing facilities connected to power, but the AI building boom has also contributed to spiking demand for fossil fuel production, which contributes to global Nations Secretary-General Antonio Guterres on Tuesday called on the world's major tech firms to power data centers completely with renewables by plan includes a strategy to disincentivize states from aggressively regulating AI technology, calling on federal agencies not to provide funding to states with burdensome regulations."We need one common sense federal standard that supersedes all states, supersedes everybody," Trump said, "so you don't end up in litigation with 43 states at one time."Who benefits from Trump's AI action plan? There are sharp debates on how to regulate AI, even among the influential venture capitalists who have been debating it on their favorite medium: the some Trump backers, particularly Andreessen, have advocated an "accelerationist" approach that aims to speed up AI advancement with minimal regulation, Sacks has described himself as taking a middle road of techno-realism."Technology is going to happen. Trying to stop it is like ordering the tides to stop. If we don't do it, somebody else will," Sacks said on the "All-In" Tuesday, more than 100 groups, including labor unions, parent groups, environmental justice organizations and privacy advocates, signed a resolution opposing Trump's embrace of industry-driven AI policy and calling for a "People's AI Action Plan" that would "deliver first and foremost for the American people."J.B. Branch, Big Tech accountability advocate at the watchdog group Public Citizen, which signed the resolution, called the plan a "sellout.""Under this plan, tech giants get sweetheart deals while everyday Americans will see their electricity bills rise to subsidize discounted power for massive AI data centers," Branch said in a statement Wednesday. "Americans deserve an AI future rooted in safety, fairness, and accountability - not a handout to billionaires."
NBC News
a day ago
- Business
- NBC News
From tech podcasts to policy: Trump's new AI plan leans heavily on Silicon Valley industry ideas
President Donald Trump on Wednesday unveiled a sweeping new plan for America's 'global dominance' in artificial intelligence, proposing to cut back environmental regulations to speed up the construction of AI supercomputers while promoting the sale of U.S.-made AI technologies at home and abroad. The 'AI Action Plan' embraces many of the ideas voiced by tech industry lobbyists and the Silicon Valley investors who backed Trump's election campaign last year. 'America must once again be a country where innovators are rewarded with a green light, not strangled with red tape,' Trump said at an unveiling event that was co-hosted by the bipartisan Hill and Valley Forum and the 'All-In' podcast, a business and technology show hosted by four tech investors and entrepreneurs, which includes Trump's AI czar, David Sacks. The plan includes some familiar tech lobby pitches. That includes accelerating the sale of AI technology abroad and making it easier to construct the energy-hungry data center buildings that are needed to form and run AI products. It also includes some AI culture war preoccupations of the circle of venture capitalists who endorsed Trump last year. Trump signed three executive orders Wednesday to deliver on the plan. They seek to fast-track permitting of AI construction projects, expand U.S. tech exports and get rid of 'woke' in AI. Trump had given his tech advisers six months to come up with new AI policies after revoking President Joe Biden's signature AI guardrails on his first day in office. Trump's AI plan: global dominance, cutting regulations The plan prioritizes AI innovation and adoption, urging the removal of any barriers that could slow down adoption across industries and government. The nation's policy, Trump said, will be to do 'whatever it takes to lead the world in artificial intelligence.' Yet it also seeks to guide the industry's growth to address a longtime rallying point for the tech industry's loudest Trump backers: countering the liberal bias they see in AI chatbots such as ChatGPT or Google's Gemini. Trump's plan aims to block the government from contracting with tech companies unless they 'ensure that their systems are objective and free from top-down ideological bias.' The plan says the nation's leading AI models should protect free speech and be 'founded on American values,' though it doesn't define which values those should include. Sacks, a former PayPal executive and now Trump's top AI adviser, has been criticizing 'woke AI' for more than a year, fueled by Google's February 2024 rollout of an AI image generator. When asked to show an American Founding Father, it created pictures of Black, Asian, and Native American men. Google quickly fixed its tool, but the 'Black George Washington' moment remained a parable for the problem of AI's perceived political bias, taken up by X owner Elon Musk, venture capitalist Marc Andreessen, Vice President JD Vance and Republican lawmakers. Streamlining AI data center permits to speed up supercomputer construction Chief among the plan's goals is to speed up permitting and loosen environmental regulation to accelerate construction on new data centers and factories. It condemns 'radical climate dogma' and recommends lifting environmental restrictions, including clean air and water laws. Trump has previously paired AI's need for huge amounts of electricity with his own push to tap into U.S. energy sources, including gas, coal and nuclear. 'We will be adding at least as much electric capacity as China,' Trump said at the Wednesday event. 'Every company will be given the right to build their own power plant.' Many tech giants are already well on their way toward building new data centers in the U.S. and around the world. OpenAI announced this week that it has switched on the first phase of a massive data center complex in Abilene, Texas, part of an Oracle-backed project known as Stargate that Trump promoted earlier this year. Amazon, Microsoft, Meta and xAI also have major projects underway. The tech industry has pushed for easier permitting rules to get its computing facilities connected to power, but the AI building boom has also contributed to spiking demand for fossil fuel production, which contributes to global warming. United Nations Secretary-General Antonio Guterres on Tuesday called on the world's major tech firms to power data centers completely with renewables by 2030. The plan includes a strategy to disincentivize states from aggressively regulating AI technology, calling on federal agencies not to provide funding to states with burdensome regulations. 'We need one common sense federal standard that supersedes all states, supersedes everybody,' Trump said, 'so you don't end up in litigation with 43 states at one time.' Who benefits from Trump's AI action plan? There are sharp debates on how to regulate AI, even among the influential venture capitalists who have been debating it on their favorite medium: the podcast. While some Trump backers, particularly Andreessen, have advocated an 'accelerationist' approach that aims to speed up AI advancement with minimal regulation, Sacks has described himself as taking a middle road of techno-realism. 'Technology is going to happen. Trying to stop it is like ordering the tides to stop. If we don't do it, somebody else will,' Sacks said on the 'All-In' podcast. On Tuesday, more than 100 groups, including labor unions, parent groups, environmental justice organizations and privacy advocates, signed a resolution opposing Trump's embrace of industry-driven AI policy and calling for a 'People's AI Action Plan' that would 'deliver first and foremost for the American people.' J.B. Branch, Big Tech accountability advocate at the watchdog group Public Citizen, which signed the resolution, called the plan a 'sellout.' 'Under this plan, tech giants get sweetheart deals while everyday Americans will see their electricity bills rise to subsidize discounted power for massive AI data centers,' Branch said in a statement Wednesday. 'Americans deserve an AI future rooted in safety, fairness, and accountability — not a handout to billionaires.'
