Is H-1B worth $100,000?

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Tech Across the Globe

TikTok deal outline: Trump signed an executive order that he said advances plans for mostly American investors to buy TikTok’s US operations at a potential value of $14 billion from its Chinese owner ByteDance.

SAP’s EU problem: The European Commission has opened an antitrust probe into German software giant SAP, focused on its on-site maintenance and support services.

Xiaomi on the offensive: Beijing-based Xiaomi held a product launch, where it made pointed comparisons to competing products from US rivals Apple and Tesla.

Revalued

Nscale, a developer of artificial intelligence data centers, has raised $1.1 billion in financing a week after announcing its partnership with Nvidia and OpenAI in the UK.

Must Read

The abrupt White House proclamation about a hefty $100,000 fee on H-1B visas reverberated across the expat community in the US. Bloomberg’s Sankalp Phartiyal spoke to one H-1B holder, who’s grown tired of the ambient anxiety of constant uncertainty about visa status. Read Sankalp’s Tech In Depth essay for a review of the potential alternative tech employment hubs that could pick up the slack.

Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world.

This Week in Q&AI

The biggest unknown in OpenAI’s massive plan to develop AI is how it will finance the hundreds of billions of dollars in data centers, equipment and other necessary infrastructure, Shirin Ghaffary reports in this week’s Q&AI. That was among the topics Ghaffary discussed with OpenAI officials at the Texas site of their first major data center construction project.

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