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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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TikTok Music launched as new streaming service to counter Spotify, Apple Music

Chinese short-video-making app TikTok has launched a subscription-based music streaming service to take on market leaders Apple and Spotify. The company launched the subscription-only music streaming service called TikTok Music in Australia, Mexico and Singapore, reports TechCrunch. The expansion comes about two weeks after TikTok launched the music streaming service in Brazil and Indonesia.

TikTok Music lets users sync the service to their existing TikTok accounts and listen, download and share songs. The service includes the catalogues of major record companies, including Universal Music Group, Warner Music Group and Sony Music. “TikTok Music is a new kind of music service that combines the power of music discovery on TikTok with a music streaming service offering millions of tracks from thousands of artists,” a spokesperson for the company was quoted as saying.

“We are now beta testing TikTok Music in Australia, Mexico and Singapore, and will have more news to share on the launch of TikTok Music in the coming months,” it added.

According to the report, the company has invited users in Australia, Mexico and Singapore to participate in the TikTok Music closed beta test. All participants in the closed beta will receive a three-month free trial of the service. TikTok Music subscription will cost $8.16 per month in Australia, $6.86 in Mexico and $7.48 in Singapore, the report mentioned.

The TikTok app is already a popular tool to discover music, and it is often used to help popularise songs after they have been used in viral videos. By providing users with a way to listen to and discover music, the company is directly competing with Spotify and Apple. 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, the report said.

However, TikTok Music is not the first streaming venture from the parent company ByteDance. Resso Music is another music streaming app from the company, which was launched in 2020 to compete with the likes of Spotify, JioSaavn, Apple Music, and Gaana in India. Resso Music continues to be available even after TikTok was banned in the country more than two years back. The app interface of TikTok Music is also very identical to that of Resso Music, giving the idea that both are one and the same app with different names for different markets.

— Written with inputs from IANS

The post TikTok Music launched as new streaming service to counter Spotify, Apple Music appeared first on Techlusive.



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