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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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RBI to organize global digital hackathon 2021, chance to win Rs 40 lakh

India is emerging as a robust cashless economy since the government banned Rs 500 and Rs 1000 notes in 2016. The country has witnessed significant growth over the past decade with the introduction of numerous payment methods. The RBI is conducting a global hackathon in a recent step towards bringing cashless systems prevalent in the country.

HARBINGER 2021

The Reserve Bank of India (RBI) conducts its first global hackathon to make digital payments more secure and convenient for consumers. Announcing this hackathon, RBI said that its theme has been to make digital payments more agile. The registration for this hackathon named ‘Harbinger 2021’ will start from 15th November.

The central bank said that the hackathon participants would be asked to identify the issues related to making digital payments more secure and accessible to the underprivileged. They will be asked to give solutions for simplifying and improving the digital payment experience.

Various suggestions will be given on many problems related to payment in HARBINGER 2021. Apart from this, the participants will get a chance to get the guidance of industry experts. It includes a variety of innovative ideas such as easy-to-use, non-mobile digital payment solutions to convert every small cash transaction into a digital model.

RBI said, “Being part of Harbinger 2021 will allow participants to seek guidance from industry experts and showcase their innovative solutions.” A jury will select the winners in each category. The first-place winner will be given Rs 40 lakh, while the second-place participant will get a reward of Rs 20 lakh.

“Innovative, easy-to-use, non-mobile digital payment solutions for converting small ticket cash transactions to digital mode,” RBI says

Participation process

To participate in the hackathon, you can click on the following link to register and submit the proposal after the registration. The applications will be received only through an online process. RBI will then shortlist the most promising solution given in the proposal.

You can click on the link given below to register

https://hackolosseum.apixplatform.com/hackathon/harbinger2021

The post RBI to organize global digital hackathon 2021, chance to win Rs 40 lakh appeared first on BGR India.



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