Indian IT giant in the spotlight
A wave of new AI-focused funding signals a shift toward enterprise-ready solutions. BAG Ventures raises a new fund to back AI-native startups, Dorm Room Fund expands with a $50 million AI-aligned pool, and Ema secures growth funding to expand multi-agent workflows. Spellbook appoints a new CMO as the legal AI space grows. Together, these moves indicate a push toward integrated, outcome-driven AI in businesses.
The U.S. Department of Labor has suspended new and pending Permanent Labor Certification (PERM) applications from Microsoft, Adobe and several other technology firms amid investigations into the use of skilled-worker visa programs. Officials say the move targets alleged abuses while maintaining a focus on domestic workers.
The United States has suspended several major IT services firms and a tech giant from an immigration program amid investigations into H-1B visa abuses. The moves mirror a broader crackdown by federal authorities, underscoring heightened scrutiny of outsourcing firms with sizable operations in India.