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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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Instagram to begin testing NFTs this week in the US: All you need to know

Meta CEO Mark Zuckerberg has announced that Instagram will begin testing non-fungible tokens (NFTs) on the platform starting this week in the US. He further added that “similar functionality” be available on Facebook soon. Instagram Head, Adam Mosseri, in a video announced that select users in the US will soon be able to see NFTs on their Feeds, Stories and in messages.

NFTs on Instagram

According to Mosseri, NFT details will appear just like tagged profiles and products on the platform. They will be named “digital collectibles”. Users will see more details like the name of the creator and owner by clicking on the tag. Notably, no fees will be charged for posting or sharing the NFT on Instagram.

For showcasing NFT, the platform currently supports blockchains like Ethereum and Polygon, and will extend its support for Flow and Solana soon. Instagram supports select third-party digital wallets including Rainbow, MetaMask, and Trust Wallet, and will start supporting Coinbase, Dapper and Phantom soon.

Since this is just an initial phase, the feature will be available to select users only. However, Mosseri has assured that it will be available for others once they get feedback from the initial testing.

As per a statement by Mosseri, “I want to acknowledge upfront that NFTs and blockchain technologies and Web3 more broadly are all about distributing trust, distributing power. But Instagram is fundamentally a centralized platform, so there’s a tension there.”

As per a tweet by Instagram’s official account, “This week, we’ll begin testing ways for creators and collectors to share NFTs on Instagram with a special effect. Keep an eye out for digital collectibles from artists like Osean.”

The post Instagram to begin testing NFTs this week in the US: All you need to know appeared first on BGR India.



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