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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...

TikTok brings subscription-based music service to take on Spotify

Amid the growing Twitter-Meta fight over Threads app, Chinese short-video making app TikTok has launched a subscription-based music streaming service to take on market leaders Apple and Spotify.

The subscription-only music streaming service called “TikTok Music” has been launched first in Brazil and Indonesia.

The service replaces ByteDance’s existing streaming service, Resso (which is available in India too), which will shut down on September 5 in Brazil and Indonesia.

Existing Resso users can transfer their accounts to the new app “with the click of a button”.

“We are pleased to introduce TikTok Music, a new kind of service that combines the power of music discovery on TikTok with a best-in-class streaming service. TikTok Music will make it easy for people in Indonesia and Brazil to save, download and share their favourite viral tracks from TikTok,” Ole Obermann, global head of Music Business Development at TikTok, said in a statement.

TikTok Music lets users sync the service to their existing TikTok accounts and listen, download and share songs, reports TechCrunch.

The service includes the catalogs of major record companies, including Universal Music Group, Warner Music Group and Sony Music.

A TikTok Music subscription costs $3.49 a month in Brazil, and $3.25 for iOS users in Indonesia.

Android users in Indonesia need to pay $2.96 a month for the first year, then $3.25 afterwards.

TikTok Music doesn’t include a free membership option, but offers a one-month free trial.

TikTok Music lets you play full versions of viral TikTok songs, discover personalised music recommendations, access lyrics in real time, create collaborative playlists with friends, import your music library and find songs via lyrics search, said the report.

IANS

The post TikTok brings subscription-based music service to take on Spotify appeared first on Techlusive.



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