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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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Twitter hits 211 mn daily users, defies Apple privacy changes

The micro-blogging platform Twitter is defying the Apple iPhone privacy policy and changes as it reported its quarterly revenue grew 37%.

The monetisable daily active usage (mDAU) grew by 5 million from the previous quarter to reach 211 million on the platform in the third quarter.

Average international mDAU was 174 million for Q3, compared to 152 million in the same period of the previous year and 169 million in the previous quarter.

“We’re improving personalisation, facilitating conversation, delivering relevant news, and finding new ways to help people get paid on Twitter,” said Twitter CEO Jack Dorsey.

“Average monetizable DAU (mDAU) reached 211 million, up 13 per cent year over year in Q3, accelerating from 11 per cent year over year growth in Q2, driven by ongoing product improvements and global conversation around current events,” he said in a statement late on Tuesday.

Net cash in the quarter was $389 million, compared to $215 million in the same period last year.

“Our focus is paying off, and we are pleased with our performance in the third quarter, with revenue up 37 per cent year-over-year, reflecting strength across all major products and geographies,” said Ned Segal, Twitter CFO.

The company said that it expects total revenue to grow faster than expenses in 2021.

“Despite some expected 2022 revenue loss, there are no changes to our goal of generating $7.5 billion or more of annual revenue in 2023,” it said.

In an earnings call with analysts after announcing the results, Dorsey said that the company continues to upgrade its machine learning systems as well, which are improving personalisation throughout the product.

“We’re just getting started, but already Twitter feels more responsive and intuitive, lots more to come here. As we approach the end of the year, we feel confident about where we’re headed. Overall, we’re on course to leave 2021, a more focused company with clear priorities,” he noted.

(Inputs from IANS)

The post Twitter hits 211 mn daily users, defies Apple privacy changes appeared first on BGR India.



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