Latest news with #US-built
NDTV
4 days ago
- Business
- NDTV
'Put America First': Trump's Big Warning To Tech Firms Against Hiring Indians
US President Donald Trump has criticised American technology companies like Google, Microsoft and Apple for hiring workers from India and outsourcing manufacturing to China. Speaking at the AI Summit in Washington, he urged them to focus on creating jobs for Americans. At an AI Summit in Washington, on Wednesday, Trump warned the companies that "those days are over", and said, "Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India and slashing profits in Ireland, you know that." He added, "All the while dismissing and even censoring their fellow citizens right here at home. Under President Trump, those days are over." Trump encouraged the tech companies to adopt a more patriotic approach, "We need US technology companies to be all in for America. We want you to put America first. You have to do that. That's all we ask," per PTI. This comes in the backdrop of the US President signing three executive orders for boosting America's artificial intelligence sector. The first order, called "Winning the Race", aims to fast track AI infrastructure development in the country by easing regulations on data centres and digital facilities. The second order seeks that AI systems developed with federal funding must remain ideologically neutral. He said, "We are getting rid of woke," Trump said. "AI must be accurate and not influenced by ideology." He added that the administration will not support "woke" technology, and said earlier policies slowed down innovation by focussing on diversity and inclusion. The third order focuses on the export of US-built AI products and plans to reduce dependency on foreign platforms and supply chains. Trump said, "America is the country that started the AI race, and as president of the United States, I'm here today to declare that America is going to win it." He added, "Winning this competition will be a test of our capacities unlike anything since the dawn of the space age." Although there has been no official announcement, this adds to the growing uncertainty for Indian professionals working in areas such as software development, data science, and artificial intelligence.
India Today
5 days ago
- Business
- India Today
Why Donald Trump doesn't want Google, Microsoft to hire Indians
US President Donald Trump has told major tech companies like Google, Microsoft and Apple to stop hiring foreign workers, including from India, and focus instead on creating jobs in the United at an AI Summit in Washington on Wednesday, Trump said American companies must now put national interest first, especially in the fast-growing field of artificial said that top US technology firms have made huge profits while setting up operations in countries like China and hiring large numbers of employees in argued that this has come at the cost of American workers. 'Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India and stashing profits in Ireland,' Trump said during the event. 'Under President Trump, those days are over.'He said the mindset of these firms had become too global and called for a new 'spirit of patriotism and national loyalty' in Silicon Valley and across the American tech industry. 'We want you to put America first. That's all we ask,' he also used the event to announce three new executive orders aimed at boosting the US's AI industry. One of the orders lays out a national plan to fast-track AI development by easing regulations and encouraging companies to build data centres and other key infrastructure inside the US. The strategy is called 'Winning the Race' and is focused on helping the US lead in AI second order puts new rules on companies that receive federal funds to build AI tools. These companies must now ensure that the tools they develop are politically neutral. Trump said his administration would not support what he called 'woke' AI systems and blamed previous policies that focused on diversity and inclusion for slowing down progress in technology.'We are getting rid of woke,' he said. 'AI must be accurate and not influenced by ideology.' The new rules will also apply to government agencies that use AI tools, and these systems must not be biased or driven by political also questioned the use of the term 'artificial intelligence,' saying he prefers a term that better reflects its power. 'It's not artificial, it's genius,' he third executive order focuses on helping US-built AI products compete globally. It includes steps to support exports and ensure full development of AI technology within the Trump's comments have sparked concern among tech workers in countries like India, no official steps have been announced yet to limit hiring from abroad. However, industry watchers say such remarks from the President could affect the hiring plans of major tech firms, especially those that rely heavily on skilled engineers from India and Indian tech professionals, many of whom are employed in roles related to software development, data science, and AI in the US, Trump's message may create recent years, several US companies have increased their hiring in India to cut costs and tap into the country's large pool of skilled engineers. The latest statement from Trump could put pressure on firms to re-evaluate their hiring strategies, especially if new rules or limitations are the global race for AI dominance continues, the push for more national control and local jobs in the US could have effects on tech ecosystems in countries like India, which play a key role in supporting American firms through outsourcing, engineering services, and back-end operations.- Ends advertisement
Sky News AU
6 days ago
- Business
- Sky News AU
High-level Chinese diplomat probes Newcastle City Lord Mayor for AUKUS submarine location in private meeting
A high-level Chinese diplomat based in Australia has pressed Newcastle City Mayor Ross Kerridge for information on AUKUS nuclear submarines during a private meeting between the pair. Australia's ability to secure nuclear submarines is a main pillar of the trilateral AUKUS security agreement and the country has already committed $3 billion to assist United States defence manufacturing in exchange for being able to purchase Virginia class vessels. However, questions have been raised over the availability of US-built of submarines following the Trump administration's announcement it was reviewing the deal, which Australia sees as a critical defence investment of deterrence in the region. The Daily Telegraph has now revealed an encounter on July 17 where the future docking location of AUKUS submarines was discussed, prompted by the Consul General of China in Syndey, Wang Yu. According to minutes of the meeting obtained by masthead, notes taken show that the diplomat asked if submarines secured under AUKUS would be based at Newcastle. '(Consul General) explained that China is concerned that Chinese interests in Australia will be affected by strategic defence decisions,' the meeting document read, according to the masthead. 'For example, is Newcastle Port a potential base for AUKUS submarines? '(The Lord Mayor) explained that we are a nuclear free city, but we will not have the means to stop a decision of this nature taken by the state and/or federal governments. 'China expects that Australia and Newcastle will have good relations with other countries and is also looking to build good relations, but would not like us… to use our good relations with other countries to adversely affect China.' The Daily Telegraph also reported the New South Wales city's Taiwanese and Tibetan communities were talked about during the meeting. It comes just days after The Australian revealed Shanghai Xinyang Chamber of Commerce president Wang Yongxin's family ties to the purchase of commercial port properties at Newcastle and Kembla. Wang family members have reportedly denied they have links to the Chinese Communist Party's United Front. Meanwhile, there have been suggestions Australia may need to increase its financial commitments to ensure Virginia class submarines are provided in line with the terms of the original AUKUS agreement. Last month, Defence Minister Richard Marles said he was not prepared to "speculate" on the Trump administration's review of the pact and insisted the government's focus was directed at "pursuing the optimal pathway" that would see Virginia class submarines being available to Australia from 2032.
Irish Post
21-07-2025
- Business
- Irish Post
O'Leary criticises Irish government's development and infrastructure plan
RYANAIR CEO Michael O'Leary has criticised the Irish government's infrastructure plan, accusing it of wasting public money while obstructing airline growth at Dublin Airport. Speaking after Ryanair reported a record €820 million net profit for the first quarter of its fiscal year, which is more than double from the same period last year, O'Leary said the government's inaction on lifting the airport's passenger cap was stifling growth and pushing business abroad. 'Here is infrastructure that is built and paid for that they won't allow us to use,' O'Leary said, referring to the terminal and runway capacity at Dublin Airport, which remains capped at 32 million passengers annually. The airline boss labelled the government's forthcoming €100 billion infrastructure plan as 'smoke and mirrors' from 'a government that wastes money' and accused Transport Minister Darragh O'Brien of 'dither, delay and indecision.' As a result, O'Leary warned that Ryanair is changing its expansion plans to other European markets, particularly Poland, due to the growth restrictions in Dublin. Ryanair's latest quarterly results showed impressive gains, buoyed by a recovery in airfares and increased traffic. Revenue grew 20% to €4.34 billion, with a 21% jump in average fares. Passenger numbers rose by 4% to nearly 58 million, and unit revenue per passenger climbed by 15%, while costs increased just 1%. Fuel costs were cushioned by effective hedging, providing stability in a volatile energy market. Despite the upbeat earnings, O'Leary acknowledged that passenger growth will be constrained for the rest of the fiscal year due to delayed aircraft deliveries from Boeing. Ryanair is still waiting on 29 long-delayed 737 jets originally due by spring. Boeing has now asked Ryanair to accept delivery as late as 2026, though O'Leary said this would strain the company's cash flow. He also confirmed that the new 737 Max 10 jets are expected to receive certification by the end of this year. Ryanair and Boeing are exploring options to mitigate the risk of tariffs on US-built aircraft due to a potential EU-US trade dispute. O'Leary said Boeing would be contractually responsible for any tariffs and hinted at the possibility of registering some aircraft in Britain, where no such tariffs apply under the British-US agreement. O'Leary also recently caused a stir by confirming that Ryanair staff are paid commission for catching passengers with oversized cabin bags. Employees earn €1.50 per oversized bag, with monthly commissions reportedly capped at €80, although O'Leary suggested this cap may rise. 'We're thinking of increasing it,' he said, calling oversized bags 'a scourge' and saying strict enforcement is necessary given the limited baggage space on full flights. He dismissed proposed EU regulations that would entitle all passengers to bring a 7 kg cabin bag and a small personal item free of charge, casting doubt on their viability. O'Leary said Ryanair 'cautiously expects to recover almost all of last year's 7% full-year fare decline,' which could lead to further profit growth. However, he warned that risks remain, citing tariff threats and geopolitical instability in Ukraine and the Middle East. Despite these challenges, the airline remains confident in its long-term growth if it is allowed to make full use of the infrastructure already in place at Dublin Airport. 'Until the government gets serious about aviation and stops playing politics, Ireland will continue to lose out,' he said. See More: Darragh O'Brien, Michael O'Leary, NDP, Ryanair
Yahoo
15-07-2025
- Automotive
- Yahoo
Slate CEO says 5 types of car shoppers are interested in its low-cost EV pickup
Slate Auto CEO Chris Barman described five types of buyers interested in the company's low-cost electric truck. The demographic groups included fresh college graduates, newly-licensed drivers, and retirees, she told Sherwood News. The Jeff Bezos-backed company initially promised a truck "under $20,000," but shifted to a "mid-twenties" expected price tag. Slate Auto's new electric vehicle is expected to be unusually cheap, priced in the mid-twenty-thousand-dollar range. Given its anticipated price point, Slate says it has seen interest from five different consumer segments as it prepares to enter the market, CEO Chris Barman said in a recent interview with Sherwood News. First, Barman said that "everyday Americans" are interested in the vehicle, mostly because "it's just an affordable vehicle and a lot of utility and value for the money." Barman also said that "young professionals" fresh out of college or trade school are interested. "They're looking for value for the money, and what they love is the fact that it's an EV and they love the customization," she said. Electric vehicle ownership has long veered younger, according to a March Gallup poll, with 64% of 18-34-year-olds surveyed interested in owning an EV, compared to just 41% of those ages 55+. Barman is eyeing an especially young demographic: newly licensed drivers. "Parents like the fact that there are only two passengers, it doesn't have an infotainment for distraction, it has really high safety standards, and it's affordable," Barman told Sherwood. Among the older set, Barman points out that "contemporary seniors" are interested in the vehicle. " "They're individuals who are semiretired or retired and are interested in an electric vehicle, but have been intimidated by all the other technology that has been in an EV," she said. "They just want a simpler form of driving." Finally, auto junkies are interested in tricking the car out, the CEO added. Slate's electric pickup truck's "mid-twenties" price target remains relatively inexpensive, a feat especially important as the EV market floods with Chinese competitors outside of the US. The Jeff Bezos-backed EV producer originally said that its truck would be "under $20,000" after federal incentives. That price would have made the truck substantially cheaper than its EV competitors, like the Nissan Leaf, which starts at $28,140. When $50 reservations opened in April, the company reported receiving more than 100,000 requests in the first three weeks. President Donald Trump's "One Big Beautiful Bill Act" is set to eliminate many of the country's clean energy incentives, including the $7,500 tax credit for new US-built EVs, which Slate had been counting on to hit the sub-$20,000 pricing threshold. After Trump's spending bill was signed into law on July 4, Slate Auto changed the expected price online from "under $20,000" to "mid-twenties," where it remains. Read the original article on Business Insider
