A controversy has erupted over H-1B visas after President-elect Donald Trump named Sriram Krishnan to a key AI policy post, sparking a racially charged backlash. Trump advisor Vivek Ramaswamy criticized American culture, suggesting a preference for “mediocrity over excellence” fuels the influx of foreign tech workers. Elon Musk defended the need for global recruitment, likening it to building a pro sports team. MAGA supporter Steve Bannon denounced the H-1B program as a “total scam.” The Biden administration's final regulation to modernize the H-1B program is set to take effect days before Trump's inauguration.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A controversy has erupted over H-1B visas after President-elect Donald Trump named Sriram
00:07Krishnan to a key AI policy post, sparking a racially charged backlash. Trump advisor Vivek
00:13Ramaswamy criticized American culture, suggesting a preference for mediocrity over excellence,
00:19fuels the influx of foreign tech workers. Elon Musk defended the need for global recruitment,
00:24legging it to building a pro sports team. MAGA supporter Steve Bannon denounced the H-1B program
00:30as a total scam. The Biden administration's final regulation to modernize the H-1B program
00:36is set to take effect days before Trump's inauguration.