# Microsoft, Adobe, Infosys suspended from U.S. skilled-worker residency program over alleged fraud — retained record

> Retained news record from news:ml-bay-area-times.

Canonical: https://highsignal.app/data/records/a4af617534174f85

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source: [news](https://highsignal.app/data/news) (news:ml-bay-area-times)  published 2026-10-09 10:29 ingested 2026-10-24 10:03

[original source ↗](https://www.bayareatimes.com/p/microsoft-adobe-infosys-suspended-from-u-s-skilled-worker-residency-program-over-alleged-fraud)

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Friday 9 October 2026
Top stories today:
- Microsoft, Adobe suspended from U.S. skilled-worker residency
- Elon Musk, Jensen Huang, Lisa Su awarded National Medal of Science
- OpenAI annualized revenue neared $50B in Sep., below reported $70B
- Apple’s touch-screen MacBook, OLED iPad mini to debut on Oct. 27
- Arena raises $200M at $3.1B valuation, launches Alignment Index
0. Data & Calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
No major events today.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Microsoft, Adobe, Infosys suspended from U.S. skilled-worker residency program over alleged fraud
Microsoft shares closed -1.4% Thu.:
- JD Vance accused Microsoft of abusing the H-1B program.
- A small-town newspaper ad is used to show no one is responding to a job opening, Vance said.
- U.S. workers are replaced with “foreign indentured servants,” he said.
- 80% of Microsoft’s ~6K H-1B applications last fiscal year were “to extend or change the status of existing Microsoft employees,” the company said.
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3. Elon Musk, Jensen Huang, Lisa Su awarded National Medal of Science by Trump
- Satya Nadella and Michael Dell were awarded the National Medal of Technology and Innovation during the White House summit.
- The ceremony came hours after Microsoft was suspended from the PREM program.
- “Anyone” using “Artificial Intelligence” would be an “ENEMY,” Trump separately posted online, calling “Super Intelligence” the preferred term.
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5. OpenAI annualized revenue neared $50B in Sep., well below reported $70B
- Investors “grossing up” OpenAI’s revenue to compare it with Anthropic reportedly led to the $70B figure.
- Anthropic includes sales through cloud partners in its revenue, while OpenAI does not.
- NVIDIA, Oracle, CoreWeave, and other AI stocks fell Thu. after the lower OpenAI revenue figure was reported.
- By 2026-end, OpenAI is now reportedly expecting $70B in annualized revenue.
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7. Apple’s touch-screen MacBook, OLED iPad mini said to debut at Oct. 27 event
- A 14” MacBook Pro and iMac with M6 chips are also expected.
- Meanwhile, Apple announced an Oct. 13 “Welcome home” event, where a “HomePad,” new Apple TV, and LG-branded home accessories are expected.
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document fetched 2026-10-24 10:03 · canonical https://bayareatimes.com/p/microsoft-adobe-infosys-suspended-from-u-s-skilled-worker-residency-program-over-alleged-fraud