AMD has acqui-hired the employees from Untether AI, a startup focused on developing efficient AI chips. Untether AI’s team will join AMD to enhance its capabilities in AI chip development and strengthen its position in the market. This acquisition is expected to accelerate AMD’s innovation in AI technology.
US halts green card access for major IT firms amid H-1B abuse claims
The US Department of Labor has suspended major tech companies, including Microsoft, Infosys, and Cognizant, from the green card program due to allegations of H-1B visa abuse. This decision impacts several prominent IT firms such as TCS, Wipro, and Capgemini, potentially affecting their ability to recruit foreign talent. The move underscores increasing scrutiny on visa practices within the tech industry.