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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
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Facebook is shutting down TikTok-clone Lasso

The short video space is hotting up with the ban on TikTok in India. But amidst all this, Facebook has decided to shut down one of its possible TikTok rival called Lasso. The app which launched in 2018 is no longer seen as a viable alternative to the ByteDance-owned platform.

Interestingly, Lasso never made its way to India. It did launch in the US but we didn’t hear a lot about the platform since then. Lasso lets users create fun and short 15-second videos with favorite tunes playing in the background. With Lasso, Facebook was aiming to win over teens, among whom TikTok is immensely popular. Besides recording themselves lip-syncing and dancing to the music, users can also record shot clips like Vines, and share on the social media platform.

Users could sign in to Lasso using their Instagram credentials, or create an account using Facebook. The app needed your permission to access photos, videos and your public profile. Once the setup is complete, you can scroll through the short videos that auto-play as you pass through them.

Facebook Lasso gives way to Instagram Reels in India

Facebook-owned social media platform Instagram this week announced Reels, a short-video making tool that will come as a joy to many TikTok users in the country. The move follows the recently imposed ban on TikTok in India. Now Instagram Reels will aim to fill in this void created by the sudden ban.

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Instagram Reels will let users create short format videos which by default will be available to share with Instagram’s Explore tab. However, users will also have the option to share their videos directly to their own stories and feed. The Instagram Explore section will remain unchanged. However, there will be some dedicated space for Reels content on the top. The new feature is coming to limited set of users in the country.



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