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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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Why did Zuckerberg change Facebook’s name to Meta?

Last night at the Connect event 2021, CEO Mark Zuckerberg announced to change Facebook’s name to Meta. Users must note that the name change has been for the parent company and not for any of the products served by the company, namely Instagram, Facebook app, Messenger, WhatsApp, among others.

This takes us back to 2015 when tech giant abruptly changed its parent company name to Alphabet.

The biggest question is – why did Zuckerberg change Facebook’s name to Meta?

Users around the world are going gaga over the name change and want to know why the company decided to change the name so abruptly. To this Zuckerberg said that he wants people to know the company not as a social media giant but as ”metaverse”.

Facebook to Meta: But why?

During the virtual event last night, CEO Zuckerberg said that the name Facebook is limited to represent what the company wants to do in the future. He further highlighted that Meta will not just represent the usual Facebook services and apps such as WhatsApp, Instagram and others, but also the evolving work around augmented and virtual reality products.

meta facebook name change

Zuckerberg said that the name Meta reflects “who we are and what we hope to build.” “Over time, I hope we are seen as a metaverse company,” he further added.

“From now on, we’re going to be metaverse first, not Facebook first… I hope that people come to know the Meta brand and the future that we stand for,” he also said.

Many want to know what Meta primarily stands for. The new Facebook name Meta is basically coined from the term Metaverse, a term that was first coined in a dystopian novel nearly three decades ago.

Of late, the term Metaverse has gained wide attraction in the Silicon Valley. The key idea around using Metaverse at this age is to build a shared virtual space which can be accessed by people worldwide using different devices.

The post Why did Zuckerberg change Facebook’s name to Meta? appeared first on BGR India.



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