US President Donald Trump on September 19 announced a steep increase in H-1B visa application fees, setting the price at $100,000 per petition.

With the new development, employers now must provide proof of payment before filing, and petitions will be restricted for 12 months until the fees are cleared. The change marks one of the sharpest shifts in the decades-old programme that has long been a lifeline for American tech and finance companies to hire talent from abroad.

Huang and Altman strike a supportive note

Nvidia CEO Jensen Huang and OpenAI chief Sam Altman expressed support for the move in a joint interview with a foreign news outlet. They also revealed a landmark partnership in which Nvidia will invest $100 billion in OpenAI to build vast data centres powered by its processors.

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