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IMPACT OF TRUMP’S VISA RESTRICTIONS ON INDIAN TECH MARKET.

Along with the economic fall due to COVID 19, Trump has now imposed additional restrictions on H1B and L1 visas. They are further suspended up to the end of 2020. Employees from other nations are considered a risk to the US market. This piece of news has taken major MNCs and employees who were planning to move to America by storm. Companies in the US worry that these restrictions might discourage qualified workers from coming into the country. Employees have been advised to change their status in the country and remain there. They are recommended to travel only if they are eligible for re-entry.

Yair Vardi is a co-founder and partner at Fusion LA, which accelerates the growth of startups by helping raise funds says that this news has hampered the company’s ability to build a business in the US. Other businesses also speculate that scaling up in the US market has become increasingly difficult. And the fact that it also impairs the international trade. Numerous other entrepreneurs face the same predicament as Vardi. 

The suspension of the visas has severely impacted the growth of startups who have been advised to not lose momentum and begin the exploration of new markets with lesser trade restrictions. Trump has been looking to restrict legal immigrants from working in America since he signed the “Buy American, Hire American” executive order. It seems like his objective is being achieved, as the restriction on visa laws may free up more than half a million jobs for the workers in the country. Experts consider this decision a power move for the upcoming presidential election in 2020.

This piece of news is going to bring a tremendous change in the Indian job market because earlier, all IIT and IIM graduates would look forward to going to the US. And given the current circumstances(Make in India drive fueled by anti-Chinese sentiments), they would have to settle here. This might be challenging in the beginning, but it might just be a boon for the Indian economy because the techies would want to start something of their own and boost the falling economy. India will have to up its technology game to start meeting the requirements of the consumers. Although, this won’t prove very difficult since many of the CEOs in American tech companies are Indian. Most companies looking to digitize are in luck, the active tech talent pool in India is at an all-time high.

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10 Ted-talks To Give You Perspective About Our Upcoming AI-Influenced Society

Like it or not, we are heading towards a society that will be deeply influenced hinged on dependance with AI. While there are many Ted-talks out there talking about the technological impact of AI, given below is a list of 10 videos that talk about the sociological repercussion.

How deepfakes undermine truth and threaten democracy-Danielle Citron

Deepfake technology lets people make false but persuasive images, videos and voice recordings of others. As law professor Danielle Citron explains, these highly convincing digital counterfeits can erode the truth. And if you can’t trust your own eyes and ears, you may begin to lose faith in governments, institutions and other people.

A bold idea to replace politicians – César Hidalgo

César Hidalgo has a progressive proposal for mending our tottering political system; automate it. In this provocative talk, he outlines a bold idea to bypass politicians by empowering citizens to create personalized AI representatives that participate directly in democratic decisions. Explore a new way to make collective decisions and expand your understanding of democracy.

The pharmacy of the future? Personalized pills, 3D printed at home – Daniel Kraft

We need to change how we prescribe drugs, says physician Daniel Kraft: too often, medications are dosed incorrectly, cause toxic side effects or just don’t work. In a talk and concept demo, Kraft shares his vision for a future of personalized medication, unveiling a prototype 3D printer that could design pills thatadapt to our individual needs.

How AI can save our humanity – Kai-Fu Lee

Conversations on AI often trigger doomsday thinking, but Kai-Fu Lee offers a more positive outlook. Lee, an innovator in the field of AI, blends gentle humor with heartfelt accounts of his experiences, which include his passage through cancer into remission and a new perspective on life. His position as an investor in Chinese technology firms also provides an insider’s take on the dawn of AI.

How to get empowered, not overpowered, by AI – Max Tegmark

MIT professor Max Tegmark subscribes to the latter school of thought, but he cautions that AI developers must imbue their flourishing technology with the right values and safeguards to ensure that AI will act in the interest of humanity as a whole.

Can we build AI without losing control over it? – Sam Harris

In this Ted Talk, Neuroscientist Sam Harris speaks to the dichotomy of our enthusiasm quest toward artificial superintelligence while we knowingly ignore the perils that await us at our desired destination. It is a frightening yet intriguing conversation about where we are going with AI.

What happens when we take humans out of work? – Tomer Garzberg

AI will take our jobs—and that is a good thing, argues Tomer Garzberg. He tells how intelligent robots are already supplanting people, freeing us to imagine new roles for ourselves, and also surveys endeavors that are likely to remain human for some time to come.

How we’ll earn money in a future without jobs – Martin Ford

Futurist Martin Ford says intelligent machines will replace humans throughout the workforce, causing widespread unemployment and rattling the economy.

The incredible inventions of intuitive AI – Maurice Conti

What do you get when you give a design tool a digital nervous system? Computers that improve our ability to think and imagine, and robotic systems that come up with radical new designs for bridges, cars, drones and much more — all by themselves. Take a look of the Augmented Age with futurist Maurice Conti and preview a time when robots and humans will work side-by-side to accomplish things neither could do alone.

How AI can enhance our memory, work and social lives – Tom Gruber

Tom Gruber is the co-creator of Siri, so he knows what he’s talking about. He takes a more positive view of the advances in AI and how it can help us enhance the way we live our day-to-day lives. He shares his vision for a future where AI helps us achieve superhuman performance in perception, creativity, and cognitive function.

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5 Leaders Who Championed Gender Equality In Their Organizations In 2019

Gender Equality and Diversity has been a buzzword for a few years now, at least when it comes to a company aligning its Public Communications with the latest sociological trend. In a survey of 1,000 respondents, Glassdoor found that 67% of job seekers overall look at workforce diversity when evaluating an offer. Numerous studies have linked increased productivity with the same phenomenon. 

While gender diversity seems an obvious way to go for all the companies, the implementation of it is a complex issue. From addressing the problem of “Equality of outcome vs equality of opportunity” to tackling one of the founding principles of capitalism: meritocracy; implementation of gender diversity is hard.

However, the leaders listed below went out of their way to not only champion gender diversity but to implement it in the right way in 2019.

Beth Whited

Executive Vice President and CHRO, Union Pacific Railroad

Union Pacific has constantly been named as the top gender diversity destination and one of the best employers, all because of leaders like Beth. Seeing a decline in engagement for female employees in 2018, she organized several diverse female employee focus groups. The result of these sessions was enhanced maternity benefits and also the introduction of paternity benefits. Additionally, Beth partnered with the company’s women’s ERG to better understand how the company could support the work-life integration needs of women in operating roles.

If the rail industry, which is thought to be a male-dominated domain can make such efforts, most companies can take this example. 

Sara Wechter

Global Head of Human Resources, Citi

In June 2019, Bloomberg revealed that men earn 29% more than women in the Citigroup. The numbers narrow down when adjusted to the number of hours worked and considering the job roles, however, the statistic is still a matter of concern, especially for the Global Head of Human Resources. Under Sara’s leadership, there is tremendous momentum behind efforts to increase diversity across the firm with a rigorous focus on outcomes. Realizing the business imperative of diversity, Sara has embedded these diversity goals alongside their business goals and is fostering an inclusive workplace environment for employees. 

Tony Colon

Head of CX Product Development, Cisco

Product development has traditionally been a male-dominated domain but Tony Colon wants to change that, at least for Cisco. To start with, he promoted diverse interview panels with equal gender representation in all panels. He also worked with Talent Acquisition to push for equal gender representation of female candidates in all candidate slates, regardless of market availability and type of role, including data scientists, software engineers, and engineering leaders were female candidates are far fewer.

Jennifer Abman Scott

Vice President of Strategic Partnerships, Society of Women Engineers

While more women than men are graduating with four-year degrees, women are significantly underrepresented in the engineering industry, and more likely to leave due to cultural influences. SWE partnered with career re-entry firm iRelaunch to implement a program that would target a hidden talent pool – women with technical degrees on career breaks – and engage them with internships as a vehicle for re-entry. The Task Force meets the needs of women wanting to return to work after a career break while also addressing the challenges encountered by employers in attaining a diverse workforce at all levels of their organizations. Jennifer has ensured that SWE utilizes its brand, global presence, and reach to find qualified talent and broaden the awareness of these programs to further the work of the Task Force. 

Vijay Anand

SVP Global Engineering, Intuit

Vijay is the Executive Sponsor of the Tech Women Intuit initiative which is a program created to attract, retain and advance women in technology roles at Intuit. His response to solving the diversity-in-tech problem in India was so effective that it changed the course of workplace culture across all of Intuit’s global sites, including adding tremendous support for women in tech at its headquarters in Mountain View. Vijay’s style of empathetic management resulted in several highly impactful programs that were implemented in India, including Women in Tech Ambassadors and the enhancement of benefits related to motherhood, caregiving, and flexible work options.