Nvidia and OpenAI cheer Trump’s $100K visa fee to lure the smartest minds

Nvidia President and CEO Jensen Huang and OpenAI CEO Sam Altman weighed in on US President Donald Trump’s recent decision to sharply raise visa costs for foreign ￰0￱ CEO Jensen Huang expressed excitement that the administration is making significant decisions around immigration to acquire the brightest minds in the ￰1￱ noted: “We represent the American ￰2￱ so I think immigration is really important to our company and is really important to our nation’s future, and I’m glad to see President Trump making the moves he’s making.” Trump announced plans to increase the H-1B visa fee to $100,000, prompting companies to scramble and reassess their hiring ￰3￱ the new rules, employers must provide proof of payment before filing an H-1B petition on behalf of a worker.

Additionally, the White House highlighted that applicants will be exposed to several restrictions on their appeal for 12 months until the payment is ￰4￱ and Altman express their delight with President Trump’s new decision During an interview, Huang and Altman shared their views on Trump’s recent decision to raise the cost of hiring foreign workers on ￰5￱ commenting on the topic of discussion, they mentioned that Nvidia intends to make a $100 billion investment in OpenAI as the AI lab aims to use Nvidia’s AI processors in constructing data centers worth hundreds of billions of ￰6￱ these investment plans, Huang stated that they required all the brightest minds existing to come to the US, urging that immigration is a key aspect of the American Dream.

“We embody the American Dream,” he ￰7￱ Nvidia’s CEO, Sam Altman was also pleased with President Trump’s new ￰8￱ support this claim, the CEO shared an optimistic view about these changes, stating that they now need to attract the smartest individuals in the country and simplify this process while offering financial ￰9￱ comparing the new $100,000 H-1B visa fee to the previous one, the previous one ranged between $2,000 and $5,000 for each application based on how huge a firm was, according to reports from the Immigration Law ￰10￱ and China play a significant role in the US’s visa holders Concerning these changes, analysts have projected that the new $100,000 fee will greatly affect the tech sector and finance industries located in the ￰11￱ is because they highly depend on the H-1B program for qualified personnel, especially those from India and ￰12￱ two countries contributed 71% and 11.7% of visa holders in 2024, ￰13￱ the meantime, reports from reliable sources have highlighted that individuals who already possess H-1B visas and are currently in foreign lands will not be required to pay this fee to ￰14￱ sources also revealed that many firms prefer to hire H-1B workers to occupy important technical jobs that they feel are hard to locate among American employees.

Still, the UK is taking advantage of the situation and may stop charging visa fees for in-demand workers to attract overseas talent and boost its economy. In-demand professionals often apply for the UK’s Global Talent visa, which costs £766 ($1,034) per ￰15￱ partner or dependent child must also pay the same fee, meaning the total expense for a family can easily run into several thousand ￰16￱ top of that, every applicant is required to pay an annual health surcharge of £1,035 to access healthcare ￰17￱ in 2020, the Global Talent visa is designed to attract elite workers in fields such as digital technology, engineering, medicine, and ￰18￱ contrast, most other foreign employees apply for the Skilled Worker visa, which ranges in cost from £625 to £1,423, depending on the role and salary ￰19￱ Prime Minister now believes the time may be right to waive all fees for Global Talent ￰20￱ move comes just days after US President Donald Trump imposed a hefty $100,000 fee for America’s H-1B visas, a change expected to deter elite recruits considering jobs at US tech companies.

“Trump’s decision had put wind in the sails of those wanting to reform Britain’s high-end visa system to boost growth ahead of the Nov 26 budget,” the source ￰21￱ your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.