{"id":32746,"date":"2025-09-24T08:33:39","date_gmt":"2025-09-24T08:33:39","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/business-leaders-including-jensen-huang-sam-altman-and-jamie-dimon-react-to-trumps-h-1b-visa-fee\/"},"modified":"2025-09-24T08:33:39","modified_gmt":"2025-09-24T08:33:39","slug":"business-leaders-including-jensen-huang-sam-altman-and-jamie-dimon-react-to-trumps-h-1b-visa-fee","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/business-leaders-including-jensen-huang-sam-altman-and-jamie-dimon-react-to-trumps-h-1b-visa-fee\/","title":{"rendered":"Business leaders, including Jensen Huang, Sam Altman, and Jamie Dimon, react to Trump&#8217;s H-1B visa fee"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68d20670183847aa39d743bd?format=jpeg\" alt=\"Jensen Huang is wearing a black leather jacket, Sam Altman is holding a microphone and speaking, and Kevin O&#039;Leary is looking toward his left and smiling.\"\/><figcaption>Business leaders such as Jensen Huang, Sam Altman, and Kevin O&#039;Leary have weighed in on President Donald Trump&#039;s $100,000 fee for H-1B visas.<\/p>\n<p>Chesnot via Getty Images; Andrew Harnik via Getty Images; Christopher Willard\/Disney via Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>The Trump administration introduced a $100,000 application fee on H-1B visas.<\/li>\n<li>Nvidia CEO Jensen Huang and Netflix chairman Reed Hastings have weighed in on the move.<\/li>\n<li>&quot;Shark Tank&quot; star Kevin O&#039;Leary said the new H-1B visa fee could &quot;hurt innovation long-term.&quot;<\/li>\n<\/ul>\n<p>Business leaders such as Nvidia CEO Jensen Huang and Netflix chairman Reed Hastings have been weighing in on President Donald Trump&#039;s new $100,000 fee on H-1B visas.<\/p>\n<p>The US issues roughly 85,000 new H-1B visas via a lottery system every year. The H-1B program is highly popular among US companies looking to hire foreign workers for in-demand roles such as tech and engineering.<\/p>\n<p>On Friday, Trump signed an executive order raising the H-1B visa application fee by $100,000. The White House told Business Insider that the fee would only apply to new applicants, not those renewing their H-1B visas.<\/p>\n<p>Do you have experience with the H-1B visa program? Business Insider wants to hear from you. Please fill out this quick form.<\/p>\n<p>The sudden move has sparked concerns among Big Tech firms like Amazon, Meta, and Microsoft, whose workers are on H-1B visas. All three companies told their employees on the visa not to leave the US or to quickly return to the country if they were overseas.<\/p>\n<p>Jensen Huang<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/6874d0adf748d8c055f5897b?format=jpeg\" alt=\"Nvidia&#039;s cofounder and CEO, Jensen Huang, at the VivaTech trade show at the Parc des Expositions de la Porte de Versailles in Paris on June 11, 2025.\"\/><figcaption>Nvidia CEO Jensen Huang said he was &quot;glad to see President Trump making the moves he&#039;s making&quot; on immigration.<\/p>\n<p>Chesnot via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>Nvidia CEO Jensen Huang expressed optimism about Trump&#039;s $100,000 H-1B visa fee during an interview with CNBC on Monday.<\/p>\n<p>&quot;We want all the brightest minds to come to the US, and remember immigration is the foundation of the American dream. And we represent the American dream,&quot; Huang said in a joint interview with OpenAI CEO Sam Altman.<\/p>\n<p>The pair announced on Monday that Nvidia was making a $100 billion investment in OpenAI.<\/p>\n<p>&quot;Immigration is really important to our company and is really important to our nation&#039;s future, and I&#039;m glad to see President Trump making the moves he&#039;s making,&quot; Huang added.<\/p>\n<p>Sam Altman<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68bf8e4a57d362d375e7c61d?format=jpeg\" alt=\"Sam Altman is holding a microphone in his right hand and gesturing with his left hand.\"\/><figcaption>OpenAI CEO Sam Altman said, &quot;streamlining that process and also sort of aligning financial incentives seems good to me.&quot;<\/p>\n<p>Andrew Harnik via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>OpenAI CEO Sam Altman said the Trump administration&#039;s introduction of a $100,000 fee to the H-1B visa program was the right move.<\/p>\n<p>&quot;We need to get the smartest people in the country, and streamlining that process and also sort of aligning financial incentives seems good to me,&quot; Altman told CNBC during his joint interview with Jensen Huang on Monday.<\/p>\n<p>Reed Hastings<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68d20e0b57d362d375e8a858?format=jpeg\" alt=\"Netflix cofounder and chairman Reed Hastings speaking at The New York Times DealBook Summit in New York in 2022.\"\/><figcaption>Netflix cofounder and chairman Reed Hastings said Trump&#039;s $100,000 fee means that the H-1B visa will be &quot;used just for very high-value jobs.&quot;<\/p>\n<p>Michael M. Santiago via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>Netflix cofounder and chairman Reed Hastings praised Trump&#039;s $100,000 H-1B visa fee, calling it a &quot;great solution&quot; compared to the existing lottery system.<\/p>\n<p>Hastings said in an X post on Sunday that he has &quot;worked on H-1B politics for 30 years.&quot;<\/p>\n<p>&quot;It will mean H1-B is used just for very high-value jobs, which will mean no lottery needed, and more certainty for those jobs,&quot; he wrote.<\/p>\n<p>Kevin O&#039;Leary<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68d20e48f9db348adc0bf7d5?format=jpeg\" alt=\"Kevin O&#039;Leary wearing a suit and sitting on a white chair.\"\/><figcaption>&quot;I think what this does is hurt innovation long-term,&quot; investor Kevin O&#039;Leary said of Trump&#039;s $100,000 H-1B visa fee.<\/p>\n<p>Christopher Willard\/Disney via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>&quot;Shark Tank&quot; star Kevin O&#039;Leary said the $100,000 fee on H-1B visas would hurt American companies and limit their access to talent.<\/p>\n<p>&quot;Apple, Oracle, Google all started in a garage. They could have not afforded to do this. And all of those companies took advantage of talent they couldn&#039;t find in the United States as they grew,&quot; O&#039;Leary told Fox Business&#039;s &quot;Varney &amp; Co.&quot; on Monday.<\/p>\n<p>&quot;I think what this does is hurt innovation long-term. I agree that it&#039;s going to push these really talented people into other countries,&quot; he added.<\/p>\n<p>O&#039;Leary said that the US government should, in fact, be paying foreign graduates to stay and work in the US.<\/p>\n<p>&quot;Why train them and kick them out? And if they&#039;re available, let&#039;s take them all and not charge a 100 grand. We should give them a 100 grand to come here,&quot; he said.<\/p>\n<p>Cathie Wood<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68d259dbf9db348adc0bf8ff?format=jpeg\" alt=\"Cathie Wood is gesturing with both of her hands while speaking at a conference in Miami Beach, Florida.\"\/><figcaption>Ark Invest&#039;s Cathie Wood said she sees Trump&#039;s H-1B visa fee as part of the administration&#039;s negotiation strategy with India.<\/p>\n<p>Joe Raedle via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>Ark Invest&#039;s Cathie Wood said Trump&#039;s new H-1B visa fee could be a part of his administration&#039;s negotiation strategy with India.<\/p>\n<p>In August, Trump raised US tariffs on Indian goods to 50% from 25%. He wrote in a Truth Social post on August 4 that this was because India was not only &quot;buying massive amounts of Russian Oil&quot; but also &quot;selling it on the Open Market for big profits.&quot;<\/p>\n<p>The US and India are in the middle of trade negotiations. More than 70% of all H-1B visa holders come from India.<\/p>\n<p>&quot;It&#039;s a negotiation with India. Longer term, I think President Trump and his team want to keep as much innovation, talent, and technology talent as possible in the US,&quot; Wood said in an interview with Bloomberg on Monday.<\/p>\n<p>Jamie Dimon<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/67a41a08eb4be2fff9a3b19a?format=jpeg\" alt=\"Jamie Dimon speaking and gesturing with his hands.\"\/><figcaption>JPMorgan CEO Jamie Dimon<\/p>\n<p>Kevin Dietsch via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>JPMorgan CEO Jamie Dimon said the executive order was a rule change that &quot;caught everyone off guard.&quot;<\/p>\n<p>In an interview with CNBC this week, Dimon said he supports &quot;merit-based immigration &quot; and expects employers who rely on the program to object to the president&#039;s executive order.<\/p>\n<p>&quot;I would beg the president,&quot; he said. &quot;He has accomplished border control, that&#039;s great, I mean, I think all nations want real border control, that helps make a nation, but after that, we should have good immigration,&quot; he said.<\/p>\n<p>A Business Insider analysis earlier this year showed that JPMorgan is a top user of H-1B visas. It ranked first on a list of financial companies that use them.<\/p>\n<p>Dave McKay<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/607039de4d3e410018b702d2?format=jpeg\" alt=\"President and Chief Executive Officer of the Royal Bank of Canada, Dave McKay, addresses shareholders at the bank&#039;s 146th annual meeting, in the Metro Toronto Convention Centre.\"\/><figcaption>President and Chief Executive Officer of the Royal Bank of Canada, Dave McKay, addresses shareholders at the bank&#039;s 146th annual meeting, in the Metro Toronto Convention Centre.<\/p>\n<p>Melissa Renwick\/Toronto Star via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>Royal Bank of Canada&#039;s CEO Dave McKay said the US President&#039;s move to impose a $100,000 fee on H-1B visas is a win for Canada.<\/p>\n<p>In an interview with Bloomberg on Tuesday, McKay called the rule a &quot;material opportunity&quot; for Canada to attract more skilled tech workers. He said the country should capitalize on it to accelerate growth in its innovation sector.<\/p>\n<p>&quot;So from India or from South Asia or from Europe, they&#039;ll say, &#039;Well, I can&#039;t get into the US, but I want to move to North America \u2014 I&#039;ll come to Canada,&#039;&quot; McKay said.<\/p>\n<p>The RBC chief added that the Canadian government could lower taxes to make it more attractive to launch and grow businesses.<\/p>\n<p>Michael Intrator<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68d35f3657d362d375e8bc37?format=jpeg\" alt=\"CoreWeave CEO Mike Intrator\"\/><figcaption>CoreWeave CEO Mike Intrator<\/p>\n<p>CoreWeave<\/p>\n<\/figcaption><\/figure>\n<p>CoreWeave CEO Michael Intrator said that his company, like other tech firms, depends on talented individuals to help &quot;build and drive&quot; technology forward.<\/p>\n<p>&quot;Anytime you add an additional fee to it, it does serve as sand in the gears,&quot; Intrator said in an appearance on CNBC on Monday.<\/p>\n<p>&quot;Some sand in the gears is acceptable. It is going to be the competitive landscape and we will comply with it,&quot; he said. &quot;But it does decelerate access to certain talents.&quot;<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business leaders such as Jensen Huang, Sam Altman, and Kevin O&#039;Leary have weighed in on President Donald Trump&#039;s $100,000 fee for H-1B visas. Chesnot via Getty Images; Andrew Harnik via Getty Images; Christopher Willard\/Disney via Getty Images The Trump administration introduced a $100,000 application fee on H-1B visas. Nvidia CEO Jensen Huang and Netflix chairman [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-32746","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/32746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=32746"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/32746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/32747"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=32746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=32746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=32746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}