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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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OpenAI may leave Europe if regulations become a problem, says CEO Sam Altman

OpenAI CEO Sam Altman said on Wednesday the ChatGPT maker might consider leaving Europe if it could not comply with the upcoming artificial intelligence (AI) regulations by the European Union.

The EU is working on what could be the first set of rules globally to govern AI. As part of the draft, companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems.

Before considering pulling out, OpenAI will try to comply with the regulation in Europe when it is set, Altman said in an event in London.

“The current draft of the EU AI Act would be over-regulating, but we have heard it’s going to get pulled back,” he told Reuters. “They are still talking about it.”

The EU parliamentarians reached common ground on the draft of the act earlier this month. It will now be debated between the representatives of the Parliament, the Council and the Commission to thrash out the final details of the bill.

“There’s so much they could do like changing the definition of general purpose AI systems,” Altman said. “There’s a lot of things that could be done.”

A General Purpose AI System is a category proposed by lawmakers to account for AI tools with more than one application, such as generative AI models like Microsoft-backed ChatGPT.

— Reuters

The post OpenAI may leave Europe if regulations become a problem, says CEO Sam Altman appeared first on Techlusive.



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