AI
Asian stocks plunge as AI concerns trigger Wall Street selloff
Asian stock markets plunged Friday after a widespread selloff in artificial intelligence-related shares dragged down Wall Street.
Japan's benchmark Nikkei 225 dropped 6.1% to 57,332.92, falling below the 60,000-point mark for the first time in nearly six months. Technology stocks, including SoftBank Group Corp. and Advantest Corp., recorded some of the steepest losses.
Australia's S&P/ASX 200 declined 0.5% to 9,020.80, while South Korea's Kospi plunged 6.3% to 5,042.65 as shares of Samsung Electronics and SK Hynix tumbled. Hong Kong's Hang Seng Index fell 0.9% to 24,567.97, and the Shanghai Composite Index lost 1.1% to 3,648.94.
Global markets have come under pressure as shares of companies that benefited from the artificial intelligence boom continue to slide. Investors have grown concerned that rising borrowing costs could slow the construction of AI data centres. Critics also warn that valuations of AI-related stocks have become excessively high, raising fears of a market bubble.
Shares of Toyota Motor Corp. also fell sharply after the Japanese automaker reported weaker-than-expected profits on Thursday.
On Wall Street, the S&P 500 plunged 4.4% on Thursday, marking its worst single-day performance since US President Donald Trump's "Liberation Day" tariff announcement rattled global markets in April 2025. The decline wiped out more than the previous day's gains, which had been the index's strongest in three months.
The Dow Jones Industrial Average dropped 1,833 points, or 3.4%, while the Nasdaq composite tumbled 5.5%. The technology-heavy Nasdaq has fallen 11.9% from its record high set last month, entering what market analysts describe as a correction, generally defined as a decline of more than 10%.
The US midterm elections on Tuesday have added to market concerns. Democratic victories across the country have raised the possibility of government restrictions or delays on new data centre construction. Voters from both major political parties have expressed concerns about artificial intelligence and rising electricity bills associated with data centres.
A slowdown in data centre development could reduce demand for AI chips, electricity and other goods and services that have benefited from the rapid expansion of the AI industry, which has become a major driver of US economic growth.
Nvidia, the leading chipmaker widely regarded as the symbol of the AI boom, fell 9.3%, making it the biggest contributor to the S&P 500's decline. The company's shares are now down 2.6% so far this year, following gains of approximately 39%, 171% and 239% over the previous three years.
Advanced Micro Devices plunged 17.3%, while cloud-based AI chip rental company CoreWeave lost 9.8%. GE Vernova, which supplies power-related equipment and services for data centres, dropped 7.5%.
The losses have had an outsized impact on Wall Street because AI chipmakers have become some of the market's largest companies. For instance, a 1% movement in Nvidia shares has a greater influence on the S&P 500 than a similar movement in almost any other US-listed stock.
Over the longer term, stock prices are generally driven more by corporate earnings and interest rates than by political control in Washington.
In the bond market, US Treasury yields continued to decline Thursday. The yield on the 10-year Treasury fell to 4.84% from 4.90% late Wednesday. It stood at 4.95% on election night and above 5.30% last month. The decline may indicate that investors are shifting towards safer US government bonds amid falling stock prices.
The drop in yields came despite positive economic indicators, including a decline in the number of US workers filing for unemployment benefits last week.
In early trading Friday, benchmark US crude oil prices rose 1.3% to $91.67 per barrel, while Brent crude, the international benchmark, gained 1.7% to $99.93 per barrel. Uncertainty remains over the course of the war with Iran and when the global energy industry might return to normal operations.
The US dollar strengthened to 157.93 Japanese yen from 157.68 yen. The euro traded at $1.1196, down from $1.1219.
4 days ago
President stresses ethical, responsible AI use to drive Bangladesh’s growth
President Mirza Fakhrul Islam Alamgir on Thursday stressed the need for responsible use of artificial intelligence (AI) to boost productivity, modernise industries, attract new investment and create decent employment opportunities for young people.
“Technology should be for people, not people for technology,” he said after inaugurating the Bangladesh AI Business Summit 2026 in Dhaka.
The president said Bangladesh is standing at the threshold of a major transformation, with AI as one of its principal drivers, which would determine the future of the country’s agriculture, education, healthcare, industries, trade, employment and overall economy.
“So, today’s conference is not merely an event; it is a platform for charting our future course,” he said.
President Fakhrul said AI could become one of the major driving forces of Bangladesh’s future development, urging businesses to view the technology not merely as a tool for cutting costs but also as a means of creating new products and services, entering new markets and generating employment.
He stressed the need for safe use and effective regulation of AI, warning that unchecked use of the technology could pose serious risks to humanity.
“AI must not assume control over everything around us. We have to remain vigilant at every step,” he said.
The president also cautioned that AI should not aggravate Bangladesh’s unemployment problem.
“It is our collective responsibility to ensure that technological advancement enhances human capabilities, upholds human values and contributes to the greater welfare of people,” he said.
Referring to the country’s large youth population as its biggest strength, Mirza Fakhrul said young people are technology-friendly and capable of dreaming big.
“They are the principal soldiers of our Fourth Industrial Revolution. But to reap the benefits, we must equip them with technological skills and quality education,” he said.
The president expressed hope that Bangladesh’s AI industry would give the country a new identity globally, just as the readymade garment sector had done.
He said the government has started work on a human-centred national AI policy, with emphasis on ethics, human rights, risk-based regulation and responsible innovation.
He also said efforts were underway to build national AI capacity based on the Bengali language.
Referring to international research presented at the summit, the president said AI is expected to add trillions of dollars to the global economy in the coming years.
“We have to seize this opportunity. Bangladesh must also be developed as a country that innovates in and applies AI,” he said.
The president said the government, private sector, researchers, universities and young people would have to work together to meet the challenges of graduation from the least developed country (LDC) category.
He expressed optimism that Bangladesh could achieve its vision of becoming a trillion-dollar economy by 2034 through such collective efforts.
“Let our goal be to build an AI-enabled, innovation-rich and human-centred Bangladesh, rather than one that is dependent on AI,” he said.
The president congratulated the organisers and participants, including scientists, researchers, technologists, entrepreneurs and investors, and wished the summit every success.
The summit was organised by the Ministry of Science and Technology and the Dhaka Chamber of Commerce and Industry (DCCI).
5 days ago
Study finds AI can learn without real-world data
Researchers have shown that an artificial intelligence (AI) model can learn and improve its predictive ability using only data it generates itself, without exposure to real-world information, Israel's Tel Aviv University (TAU) said in a statement Wednesday.
The study, published on the scientific website arXiv, presented a new approach to AI training that could help machines develop learning skills without relying on large collections of human-created material, according to the statement.
Researchers from TAU and Stanford University trained two computer models together, with one creating symbol sequences and the other learning to predict the next symbol.
The first model gradually improved at creating learning exercises that helped the second model become better at making predictions.
The team tested the trained model on several types of information, including language, images, sounds, music, computer code, and DNA sequences.
The results showed that its ability to make predictions improved as more computing power was used during training.
The researchers stressed that the method can't teach AI facts about the real world without exposure to real-world information. However, it could help future AI systems learn more efficiently when they encounter real-world data.
5 days ago
AI-related layoffs: What workers should consider before returning to their jobs
Companies worldwide are increasingly blaming artificial intelligence (AI) for job cuts, raising concerns that machines could replace more workers in the coming years.
Microsoft, Barclays Bank and supermarket chain Kroger are among the companies that have announced AI-related job cuts this year. Some have eliminated positions they consider unnecessary, while others have reduced their workforce to save money for investment in AI technology.
However, some companies are discovering that AI tools cannot perform certain tasks as well as expected. As a result, they are bringing back workers whose jobs were previously eliminated, a trend known as the “AI boomerang.”
“Two years ago, we said, ‘Would this happen?’ and now we're saying, ‘Yes, it is happening in real time,’” said Lucy Beaumont, a global senior vice president at UK-based technology company SHL, which develops employment assessment tools.
Earlier this year, hiring managers in finance, marketing, law and healthcare told recruitment firm Robert Half that their companies had cut jobs because of AI or automation but later recruited workers for the same or similar positions.
The main reasons for rehiring included the need for more human supervision than expected and AI's inability to replace employees' knowledge of company operations and practices.
“When you need critical thinking, collaboration, creativity, institutional knowledge, those are things that AI just can't replicate,” said Bill Driscoll, a senior district president at Robert Half.
He said companies were beginning to realise that they still needed people to perform these jobs.
Swedish financial technology company Klarna, which offers buy-now, pay-later services, began recruiting human customer service representatives again last year. Chief Executive Sebastian Siemiatkowski acknowledged in an interview with Bloomberg News that the company's reliance on an AI chatbot to reduce costs had gone too far.
In June, Ford said it had hired or promoted 350 experienced engineers after AI tools used for quality control failed to perform as expected.
“AI utilization has been an important part of our quality gains and that — along with deep technical expertise of our teams — is a powerful combination,” a Ford spokesperson told The Associated Press.
However, companies do not always publicly acknowledge when they reverse decisions to replace employees with AI, Beaumont said.
She suggested that some companies might be reluctant to admit their mistakes after presenting workforce reductions to shareholders as a way to improve efficiency.
Management experts have offered advice for workers as companies continue to adopt AI and reassess their staffing needs.
Human skills remain difficult to replaceWhen companies use AI to handle tasks previously performed by employees, they often overlook the additional work people do beyond their official responsibilities, said Betsy Summers, a principal analyst on the Future of Work team at research and advisory firm Forrester.
Such work includes understanding colleagues' emotions, holding informal discussions, building relationships and making extra efforts when motivated or inspired.
“We don't know all the work that's required to do things well within the organization,” Summers said.
She explained that teamwork, trust and maintaining good relationships are essential to an organisation's success but are difficult to measure or include in formal job descriptions.
Removing employees and expecting AI systems to deliver the same results can therefore lead to problems.
Another challenge is that companies do not always have clear written procedures for tasks such as data processing and bookkeeping, experts said.
“Organizations are not spending enough time doing the up-front work to really truly understand workflows and where humans add value in the process,” said Brooks Holtom, a professor of management at Georgetown University's McDonough School of Business.
In customer service, for example, AI chatbots often need to pass complicated questions and complaints to human employees. Workers can better understand customers' emotions, judge the seriousness of a problem and find creative solutions while following company rules, Holtom said.
Combining creativity with the ability to work within established limits remains a challenge for machines, he added.
Highlight the skills that set you apartAs companies invest more in AI, current employees and those invited back after layoffs should highlight skills that complement the technology, including emotional intelligence, sound judgement and problem-solving abilities, Holtom said.
“Really try to be able to articulate, what's your value proposition as a human?” he said.
He encouraged workers to learn how to use AI tools while demonstrating the skills machines cannot easily replicate. This could make them valuable in helping companies introduce and manage the technology.
Beaumont said empathy is another important human quality that AI has yet to master fully.
An angry customer, for instance, may want someone who listens carefully and understands their concerns rather than an automated response.
She questioned whether AI could currently provide that kind of meaningful human connection.
Consider your position before accepting a job offerWorkers may hesitate to return to companies that previously dismissed them as part of an AI-related restructuring, Beaumont said.
Being replaced by technology can damage trust and make employees feel less secure about their future with an employer.
Workers who receive offers to return should therefore consider their options carefully, she said.
Some are seeking higher salaries and assurances about how AI might affect future staffing decisions. They may also negotiate for additional training and clearer opportunities for career advancement.
Holtom advised returning employees to explain how their experience could benefit the company and discuss a revised job description that combines their expertise with AI tools.
Such negotiations could even lead to a more senior position with better pay than the job they previously held, he said.
Before accepting an offer, workers could also seek stronger job security. Holtom suggested negotiating a renewable one-year contract with a compensation clause if the employer terminates the position before the year ends.
Summers also urged companies and employees not to overlook the importance of human motivation and curiosity in making workplaces effective.
“Within our societies, work serves a broader purpose than just creating value for shareholders or customers or constituents,” she said.
“Work serves a human purpose as well. It's the manifestation of our search for meaning and purpose. We want to contribute to our communities as human beings.”
11 days ago
Whole-of-government approach essential to leverage AI benefits: Adviser Zabihullah
Adviser to the Prime Minister on Public Administration Affairs Md Ismail Zabihullah on Thursday stressed the importance of a whole-of-government approach to fully leverage the benefits of Artificial Intelligence (AI).
Speaking as the chief guest at the “AI and Innovation Dialogue”, he highlighted the Prime Minister’s priority of ensuring seamless interoperability across all public service delivery domains.
He also recalled late Prime Minister Khaleda Zia’s contribution to enacting the country’s first ICT policy.
Adviser to the Prime Minister on Posts, Telecommunications, Information Technology and Science and Technology Rehan Asif Asad attended the event as the special guest.
The Ministry of Foreign Affairs, jointly with the Governance Innovation Unit (GIU) of the Prime Minister’s Office, organised the dialogue at the ministry’s auditorium in Segunbagicha, Dhaka.
The organisers reaffirmed the national priority of putting AI at the heart of Bangladesh’s tech diplomacy.
It was the third thematic roundtable since the ministry’s Roadmap for Trade, Growth and Economic Diplomacy Conference held in June.
Asad highlighted the need to ensure wider public access to advanced digital devices.
He said pragmatic policies adopted by the BNP government would enable Bangladesh to produce inexpensive, advanced-feature phones in the near future.
Asad also briefed participants on the government’s latest progress and upcoming plans on AI and innovation, saying necessary measures are being taken to establish a high-speed and secure connectivity platform.
He said Bangladesh will have its own sovereign AI within the next 12 months, with computing chips for the platform already secured.
1 month ago
Tokyo court grants legal protection to human voice in AI clone case
A Tokyo court has recognized legal protection for a person's voice in a landmark case involving the unauthorized use of an artificial intelligence-generated voice resembling that of a popular Japanese anime voice actor.
The Tokyo District Court on Wednesday ruled in favor of actor Kenjiro Tsuda, who had asked TikTok to remove an account that used an AI-generated voice similar to his distinctive deep voice.
The decision marked the first time a Japanese court has recognized a legal right to one's voice. The ruling could be significant for anime voice actors, who have become increasingly concerned about the use of AI to imitate their voices on social media.
Tsuda is best known for voicing characters such as Kento Nanami in the popular anime series "Jujutsu Kaisen."
In his lawsuit, Tsuda said the anonymous operator of the TikTok account "Nanami" had improperly benefited from his voice. The account used an AI-generated voice to narrate more than 180 videos about urban legends and paranormal topics.
Presiding Judge Aya Takahashi said in the court ruling that a person's voice, like their portrait, can represent their individual personality.
She said the unauthorized use of Tsuda's voice with the clear intention of benefiting from its commercial appeal amounted to an infringement of his publicity rights.
The account had more than 200,000 subscribers as of November 2025, and viewers frequently pointed out the similarity between the narrator's voice and Tsuda's.
The defendant argued that the videos used an AI-generated voice that merely sounded like Tsuda's and was not his actual voice. The defendant also said the videos had not harmed Tsuda's reputation as a voice actor.
The court, however, did not order the removal of all the videos using the voice because the TikTok account had already been shut down.
The ruling comes amid growing concern among Japanese voice actors over AI technology being used to replicate their distinctive voices.
In 2024, OpenAI said it would stop using one of its ChatGPT voices after actor Scarlett Johansson said it sounded strikingly similar to her voice.
Last year, Oscar-winning actors Michael Caine and Matthew McConaughey reached agreements with voice-cloning company ElevenLabs allowing its AI technology to replicate their voices.
1 month ago
Asian shares mostly rise as AI optimism offsets Iran war concerns
Asian shares mostly gained Thursday as investors continued to buy technology stocks, particularly those linked to artificial intelligence, despite uncertainty over the war in Iran and its impact on energy markets.
Japan's benchmark Nikkei 225 rose 3.3% to 68,956.72, while South Korea's Kospi gained 2% to 6,971.35. Australia's S&P/ASX 200 fell nearly 2% to 8,614.40. Markets in Hong Kong and Shanghai were closed for a national holiday.
In Tokyo, shares of companies expected to benefit from strong demand for computer chips and AI-related technology advanced. Advantest, Tokyo Electron and SoftBank Group were among the gainers.
On Wall Street, US stocks mostly declined Wednesday despite signs that the US economy remains relatively strong. The S&P 500 fell 0.3%, ending its third losing month in the past four months. The Dow Jones Industrial Average dropped 443.87 points, or 0.9%, while the Nasdaq composite gained 0.2%.
A US inflation report showed consumer prices rose 3.4% in August from a year earlier, below economists' expectation of 3.7% but still above the Federal Reserve's 2% target.
Oil prices continued to fluctuate amid uncertainty over when the Iran war will allow crude supplies to return to normal. US benchmark crude rose 0.12% to $90.53 a barrel, while Brent crude gained 0.32% to $98.34.
Iranian officials said Wednesday they had received an official US response to Tehran's latest proposal aimed at ending the seven-month conflict but did not disclose its contents.
US President Donald Trump had rejected an earlier Iranian proposal to reopen the Strait of Hormuz within a week if Washington met certain conditions.
The yield on the 10-year Treasury note rose to 5.29% from 5.26%, returning to levels last seen more than two decades ago. The 30-year Treasury yield increased to 5.64% from 5.59%.
The S&P 500 fell 19.30 points to 7,651.54, while the Dow dropped 443.87 points to 50,906.05. The Nasdaq gained 63.52 points to 26,861.06.
In currency trading, the US dollar rose to 158.30 Japanese yen from 157.33 yen, while the euro fell to $1.1320 from $1.1334.
1 month ago
Newsom signs California laws to protect workers from AI-related risks
California Gov. Gavin Newsom signed several laws Wednesday aimed at protecting workers from potential risks associated with artificial intelligence, including job losses and workplace surveillance.
The new laws prohibit employers from using AI and biometric data to predict workers' emotional states. They also require employers to provide written notices when AI is involved in mass layoffs and prevent companies from relying on AI to make decisions about firing employees.
Newsom also signed an executive order directing state agencies to continue using the term “artificial intelligence” rather than “super intelligence,” a term President Donald Trump recently instructed US diplomats to use.
“AI should expand opportunity — not come at the expense of workers and families,” Newsom said in a statement. “As this technology reshapes the workplace, California is putting people at the center.”
At a news conference Wednesday, Newsom criticized the Trump administration for not adopting comprehensive federal rules on AI. Trump said Tuesday that major technology companies had agreed to voluntarily regulate AI development.
California earlier this month approved a law requiring AI chatbot operators to conduct risk assessments before launching their products. Newsom also issued an executive order directing the state to consult experts on stronger oversight of the technology.
“We have to do a lot more in the absence of federal leadership,” Newsom said, leaving open the possibility of calling lawmakers into a special session to consider additional AI measures.
Wednesday was Newsom's final day to sign or veto legislation before leaving office in January. He also signed a law creating tax credits to help local news organizations, including newspapers, digital outlets and television stations, hire and retain journalists.
Newsom criticized what he described as Trump's actions against the press, citing restrictions placed on news organizations at the White House.
He also discussed the November midterm elections, which will determine control of Congress. Newsom has been involved in Democratic efforts over congressional redistricting and said the election would have implications for the 2028 presidential race.
“There will not be a free and fair election in 2028 unless we take back the House of Representatives,” he said.
Asked whether he had set a deadline to decide if he would run for president in 2028, Newsom said, “That moment will arrive when it arrives.”
Former Democratic presidential nominee Kamala Harris has also said she is considering a 2028 presidential campaign. Newsom recently told CNN that he would not run if Harris entered the race. He said Wednesday that they had not spoken since that interview.
Newsom also discussed a November ballot proposal to temporarily increase taxes on billionaires, which he has opposed. He said he respected supporters of the measure, including Vermont Sen. Bernie Sanders, who want to address income inequality.
“He's spot on about the balance between the rich and the poor,” Newsom said of Sanders. “On this issue, we fundamentally disagree.”
Newsom's remarks came hours before a gubernatorial debate between Democrat Xavier Becerra and Republican Steve Hilton.
Asked whether he planned to watch the debate, Newsom replied, “No.”
1 month ago
Trump plans dinner with Anthropic CEO amid debate over AI safety
President Donald Trump said he planned to have dinner late Sunday with Anthropic CEO Dario Amodei, as debate intensifies over artificial intelligence and the technology’s potential military applications.
Trump told reporters after returning to Joint Base Andrews in Maryland that he expected to meet Amodei for dinner at about 10 p.m. The meeting came two days after a federal appeals court upheld the Pentagon’s decision to designate Anthropic a supply-chain risk, allowing the Defense Department to continue excluding the company’s Claude AI models from its systems.
The dispute between Anthropic and the Pentagon began earlier this year after the company resisted demands to remove safeguards governing the use of its AI systems for fully autonomous weapons and mass surveillance. The Defense Department subsequently designated Anthropic a supply-chain risk and restricted its military contracts.
Trump has repeatedly promoted the development of artificial intelligence and stressed the need for the United States to maintain its technological advantage over China. At the same time, Amodei has called for a slower pace of AI development so that safety measures can keep up with increasingly capable systems.
Earlier this month, Amodei warned that AI could become capable of coordinating large numbers of autonomous agents and potentially taking control of significant parts of the internet within six to 12 months if development continues without adequate safeguards.
Concerns about the risks associated with rapidly advancing AI systems have increased in recent weeks, both within the technology industry and among policymakers. Trump has previously rejected some of the more severe warnings about AI risks while saying the US government would monitor the sector and intervene if necessary.
The planned dinner brings together the president and the head of a major AI company at a time when questions over AI safety, military applications and government oversight remain under active debate.
1 month ago
As coding boom fades, computer science graduates turn to AI skills
Jack Zemke sent hundreds of job applications after studying computer science, but most of them received no response.
With graduation from Tulane University just days away, the 23-year-old was considering moving back in with his parents when an opportunity came through a university group project involving an AI-powered search tool.
While showcasing the project at an engineering conference, Zemke was approached by an employee of a civil engineering company. The employee said the firm knew artificial intelligence was becoming increasingly important and needed someone to help it understand and use the technology.
“I’m your man,” Zemke recalled telling him.
Zemke’s experience highlights the challenges facing many recent graduates, particularly those seeking software development jobs as AI takes over more coding tasks.
During the recent coding boom, computer science graduates were often receiving job offers without even applying. The situation has now changed. An Associated Press analysis found that about 7.1% of recent computer science and computer engineering graduates are unemployed, while graduates in fields such as philosophy, art history and ethnic studies have lower unemployment rates.
As entry-level technology jobs become harder to find, students and universities are adapting. Colleges are adding AI training and creating internships designed around the needs of specific businesses.
Universities say most graduates eventually find work, but many of the employers hiring them are smaller companies rather than major technology firms. These businesses are increasingly looking for people who can help them understand and apply AI.
Zemke spent a year at the engineering company before joining an AI technology startup this summer.
“These jobs are expecting you to be able to jump in and kind of operate on the frontier,” he said. “There’s so much churn. People are getting laid off. People are leaving. It really feels like a total frenzy right now.”
Coding boom gives way to AI-driven hiringThe high unemployment rate among recent computer science graduates is partly linked to the large number of students who entered the field during the coding boom.
Hiring surged during the COVID-19 pandemic as businesses shifted more of their work online. Software development job postings on Indeed, a major job-search website, peaked in early 2022.
But companies such as Microsoft, Meta and Google are now using AI to handle more coding work. Amazon and other major employers have also cut jobs while increasing investment in AI.
A Federal Reserve analysis of Indeed data found that software development job postings have dropped significantly.
Among workers in their early 20s in occupations considered highly exposed to AI, including software development, employment is 19% below where it would have been if those jobs had grown at the same pace as less AI-exposed occupations, according to the Stanford Digital Economy Lab.
The U.S. Census Bureau has compared the decline with the experience of people who graduated from college during a major recession.
Employers increasingly want workers who can oversee AI tools and assess their output rather than simply accept what the technology produces, said Tracy Camp, executive director and CEO of the Computing Research Association.
The situation has raised concerns about the future of entry-level workers, prompting the association to urge companies to invest more in hiring and training young employees.
“If they don’t change how hiring is currently happening, they’re not going to have mid-level career people in a few years,” Camp said.
Students are also responding to the changing job market. The number of recent computer science and computer engineering graduates tripled over the past decade to about 362,000 in 2024.
Enrollment has since started to fall. Data from the National Student Clearinghouse Research Center showed that enrollment in computer and information science programs at four-year institutions declined 8.4% by spring this year.
International students face additional challengesThe changing job market has been particularly difficult for international students, who make up a significant portion of computer science students in the United States.
Their difficulties stem partly from changes in U.S. immigration policy and partly from the changing nature of available jobs.
Samir Khuller, chair of Northwestern University’s computer science department, said many smaller companies hiring technology workers do not have large human resources departments with experience handling H-1B work visas.
International graduates generally need an H-1B visa and employer sponsorship to remain in the United States for work. The visa program has also come under pressure from the Trump administration, which is seeking to raise the fee to more than $100,000.
Collins Kibet, a computer science graduate from Kenya, has sent hundreds of job applications but received only a few interviews, many of them with AI systems.
The Southern New Hampshire University graduate said the tone often changed during interviews with human recruiters after they learned he would need H-1B sponsorship.
“Everybody just keeps quiet,” Kibet said.
Unable to find a job, he eventually started his own software company.
Universities rethink computer science trainingThe difficulties students face in finding jobs have also concerned Nicholas Mattei, an associate professor of computer science at Tulane University.
Companies are increasingly telling universities that graduates need to be prepared to take on responsibilities beyond entry-level development, including roles closer to middle management, Mattei said.
“And it’s kind of crazy,” he said.
Many universities are now updating their computer science programs to prepare students for a job market where traditional entry-level positions are becoming harder to find.
At Georgia Tech, professors studied the needs of telecommunications company AT&T and trained students for a month before they began internships with the company.
The university plans to expand the approach through a program called “Bootcamp to Industry,” said Fisayo Omojokun, associate dean for undergraduate education at the College of Computing.
The college is also reaching out to a broader range of industries when recruiting companies for its job fairs.
“Earlier this year, we got a call from a forestry company of all things,” Omojokun said. “They’re like, ‘Hey, we are in forestry, and we know that AI can help in what we do in different ways.”
1 month ago