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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...

Meta (Facebook) bets high on VR, acquires Within the developers ‘Supernatural’ VR fitness app

Facebook aka Meta seems to be betting high on VR. Just a day after rebranding the company to Meta, Facebook announced that it is acquiring LA firm Within, the developer behind Supernatural, a Beat Saber-style workout app.

As per a TechCrunch report, Supernatural has been one of the real success stories in virtual reality fitness, with movement-based high-impact cardio exercises.

It is a sensible acquisition as the company looks to broaden its VR and other ambitions into a kind of metaverse, the report said.

“We are excited because our partnership with Meta means we will have more resources to expand and bring you even more music, more creative ways to workout, more features, and more social experiences for VR,” Within CEO Chris Milk and Head of Fitness Leanne Pedante wrote in a blog post.

“And of course, we will still be launching new workouts every single day,” Milk added.

Financial details of the acquisition have not been disclosed. The company added that its existing staff of coaches, choreographers, and managers will remain on board after the acquisition. Supernatural will operate as part of Meta’s Reality Labs division.

“Together we will also explore ways we can enhance future hardware to support VR fitness apps, encouraging other developers to bring new fitness experiences to VR,” Meta’s VP of Play Jason Rubin wrote in a separate post.

Founded in 2015, Within has raised in excess of $50 million, including, most recently a $40 million Series B back in 2017. That round was led by Temasek and Emerson Collective. Other investors include Andreessen Horowitz, 21st Century Fox, Raine Ventures, WPP, and Macro Ventures.

(With IANS inputs)

The post Meta (Facebook) bets high on VR, acquires Within the developers ‘Supernatural’ VR fitness app appeared first on BGR India.



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