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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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Tencent launches palm-based payment system in China

Chinese internet and tech giant Tencent has launched a palm-recognition service for its WeChat Pay service here that allows Metro passengers to pay via waving their palm over a scanner, the media reported on Monday.

According to South China Morning Post, users can pay for rides on the Daxing Airport Express Line in the Capital by holding their hands over a scanner at metro station turnstiles.

“Recognition of a unique palm print triggers an automatic payment through the user’s WeChat account,” the report said.

Palm prints must be taken at a designated machine at a metro station and passengers can then use their palms at turnstiles with a green circle, according to Tencent.

The technology relies on recognition of both surface-level palm prints and the hand’s veins, according to Tencent.

“In our aim to improve efficiency and greatly simplify user experience, we are making new technology more user-friendly for the elderly and accessible to people with disabilities,” the company said in the statement.

The technology was developed by the company’s YouTu artificial intelligence lab.

Tencent will soon roll out palm payments at offices, campuses, retail outlets and restaurants.

The service is currently only available to residents in mainland China who have completed real name verification.

Alibaba Group Holding is also working on similar technology for its Alipay service.

In the US, Amazon launched its own hand-scan technology called Amazon One in offline stores in 2020.

— IANS

The post Tencent launches palm-based payment system in China appeared first on Techlusive.



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