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H-1B Visa Suspension Strikes at ‘Heart of What We Do,’ Says LightSpeed’s Janmohamed

Jul.02 — Nearly 400,000 temporary visa holders and green card applicants are affected due to President Donald Trump’s executive order barring them from entering the country until next year. Arif Janmohamed, partner at Lightspeed Venture Partners, discusses the impact the order is having on Silicon Valley on “Bloomberg Technology.”

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Jul.02 — Nearly 400,000 temporary visa holders and green card applicants are affected due to President Donald Trump’s executive order barring them from entering the country until next year. Arif Janmohamed, partner at Lightspeed Venture Partners, discusses the impact the order is having on Silicon Valley on “Bloomberg Technology.”

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25 Comments

25 Comments

  1. Dan Hall

    July 2, 2020 at 10:49 pm

    Start a business in Canada then.

    • Bethebest 1

      July 3, 2020 at 1:10 am

      Dan Hall how’s the taxes?

    • Dan Hall

      July 4, 2020 at 10:23 pm

      Bethebest 1 Well you can’t have it all…

  2. lpgoog

    July 2, 2020 at 11:12 pm

    Why does tech need so many foreign workers? Doesn’t the USA ???????? have the best universities in the world? No homegrown talent?

    • BiketripsETC

      July 2, 2020 at 11:33 pm

      Because America can’t produce enough people who believe studying science for a few hours a day is worth it.

    • Liberal Christo

      July 3, 2020 at 12:11 am

      Elon musk, Nikola Tesla, Albert Einstein.. USA has been a intelligent brain sucking powerhouse now watch China take them

    • Thomas Thomas

      July 3, 2020 at 6:52 am

      @BiketripsETC Anerica doesn’t have a shortage of highly skilled workers but the high tech companies prefer the cheap labor from India.

    • Reverend Galerivs

      July 3, 2020 at 2:11 pm

      @BiketripsETC they can, and they do, only us people o not want to work for low wages ..

    • BiketripsETC

      July 4, 2020 at 12:44 am

      @Thomas Thomas Indians, Asians, and ME who come to America to assume STEM jobs make on average more money than Americans in similar jobs. The reason why Americans lag behind is because they don’t produce that many people who value science. Needless to say, Americans find it cool to advertise the fact that they failed math; in the fore mentioned countries saying that would get you ostracized from polite company.

    • Thomas Thomas

      July 4, 2020 at 3:33 am

      @BiketripsETC Mr. Smart India is part of Asia. We all came from other parts of the world either yesterday or 400 years ago for a good reason. America is not a perfect country but it’s darn close. Do you wonder why the whole world wants to immigrate to the US?
      The notion that you’r making more money than the average American, doesn’t mean Jack shit. If anything you should be grateful.
      The notion that foreigners are smarter than Americans is ludicrous. America was, is and will always be the dominant country in the world by any matrix. Love it or leave it.

  3. Normalized Audio

    July 2, 2020 at 11:27 pm

    These guys treat US engineers like garbage.

    • Voltaire

      July 2, 2020 at 11:51 pm

      yep, cause they have rights so they cant exploit and enslave them like they do with H1Bs

  4. Steve

    July 3, 2020 at 12:44 am

    Welcome to America, now hire Americans!

  5. CaliforniaMISC

    July 3, 2020 at 12:54 am

    haha jobs for Americans No cheap labor

  6. Joe Smith

    July 3, 2020 at 4:40 am

    Emily Chang is not qualified to host a show about technology!!!

  7. Joe Smith

    July 3, 2020 at 4:41 am

    Emily Chang’s arrogance is only exceeded by her ignorance of technology!!!

  8. Thomas Thomas

    July 3, 2020 at 6:31 am

    What about organic growth. America doesn’t have shortage of highly skilled workers but Americas cannot compete with Indian cheap labor.

    • Danny Chandra

      July 3, 2020 at 8:34 am

      America definitely has a shortage of high skilled workers

  9. Thomas Thomas

    July 3, 2020 at 6:36 am

    If foreign workers are so smart, they can stay where ever they are and develop their country.

  10. Thomas Thomas

    July 3, 2020 at 7:00 am

    The SOB thinks that America without the cheap foreign workers is doomed. Please go back to Canada or India wherever you belong.

  11. TheMagicJIZZ

    July 3, 2020 at 11:27 am

    This debate was shit. This guy admits to being a foreigner yet wants an opinion on something only USA citizens can have.

    I don’t see jow H1B has got to do with general immigration debate

    H1B is a limited pool program based on employer and location. Manu tech workers who aren’t the best a players have criticize it.

    For example IBM used IBM India to contract workers for ” offshore work ” but then used the h1B program to bring workers to America through Connecticut and Texas and UNDERPAY them ie Would be Going to actual Americans.

    It does distort the middle class tech worker roles and Should be discussed in a better way

  12. Nicholas Dante McGee

    July 3, 2020 at 1:32 pm

    No one cares about Global Domination except ppl that care about money..

    It’s funny how only these company with Global Offices are the ones saying “this hurts us”

  13. Reverend Galerivs

    July 3, 2020 at 2:09 pm

    …well he can immigrate again …

  14. Thomas Thomas

    July 4, 2020 at 3:53 am

    America has a shortage of farm workers but not high tech workers. When an employer ask 5 to 10 yrs on the job experience or a masters degree for a tech support position, or a PhD for an entry level network or software engineering position, it’s an indication of oversupply of high tech workers. American companies used to train or pay their employees to obtain relevant advance degree. For the padt 30 years corporate America has been saying we have shortage of highly skilled workers and that was a code word for a dirt cheap workers.

  15. Steve Patel

    July 4, 2020 at 10:22 pm

    It’s personal to these tech companies because they can pay indians half as much as us citizens. Why don’t they hire more African Americans?

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Bloomberg Technology

Jackson Hole, Anthropic’s Court Win and PayPal Deal Collapse | Bloomberg Tech 8/28/2026

Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic’s AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal,…

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Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic’s AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal, a deal that would have ranked as one of the biggest-ever leveraged buyouts.

00:00:00 – Bloomberg Tech Begins
00:02:30 – Mike McKee, Bloomberg News
00:05:25 – Max Gokhman, Franklin Templeton
00:11:13 – Ryan Gould, Bloomberg News
00:14:04 – Han Fengtao, Spirit AI
00:19:31 – Rachel Metz, Bloomberg News
00:24:41 – Mike McKee & Lisa Abramowicz, Bloomberg News
00:28:25 – Ryan Vlastelica, Bloomberg News
00:34:04 – Michael Shepard, Bloomberg News
00:37:18 – Andrew Bailey, Bank of England Governor
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Anthropic Scores Legal Win Against Trump Administration

A US judge ordered the Trump administration to lift its ban on Anthropic’s AI technology for federal agencies, finding the restriction wasn’t adequately justified and was partly intended to make a public example of the company. Bloomberg’s Rachel Metz explains why the ruling doesn’t immediately end Anthropic’s legal fight. She also breaks down a separate…

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A US judge ordered the Trump administration to lift its ban on Anthropic’s AI technology for federal agencies, finding the restriction wasn’t adequately justified and was partly intended to make a public example of the company. Bloomberg’s Rachel Metz explains why the ruling doesn’t immediately end Anthropic’s legal fight. She also breaks down a separate warning from Anthropic, OpenAI, and other companies about the growing threat of AI-enabled cyberattacks with Tim Stenovec on “Bloomberg Tech.”
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AI Could Push Inflation Either Way, Says BOE’s Bailey

Bank of England Governor Andrew Bailey says AI could prove either inflationary or disinflationary depending on whether its impact on demand arrives before productivity gains on the supply side. Speaking at Jackson Hole, Bailey also discusses the UK inflation outlook, why he agrees with Federal Reserve Chairman Kevin Warsh on the limitations of forward guidance,…

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Bank of England Governor Andrew Bailey says AI could prove either inflationary or disinflationary depending on whether its impact on demand arrives before productivity gains on the supply side. Speaking at Jackson Hole, Bailey also discusses the UK inflation outlook, why he agrees with Federal Reserve Chairman Kevin Warsh on the limitations of forward guidance, and why the BOE will make its own rate decisions regardless of the Fed’s path. He joins Bloomberg’s Lisa Abramowicz on “Bloomberg Tech.”
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