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Latest: Fintech News

China, US Opt Out of Global Pledge on AI Use in Military Domain
China, US Opt Out of Global Pledge on AI Use in Military Domain

Many countries have refused to back a pledge with principles including human responsibility over AI-powered weapons and encouraging clear chains of command and control

‘Software-Mageddon’ Wipes $23 Billion Off Indian IT Shares
‘Software-Mageddon’ Wipes $23 Billion Off Indian IT Shares

The stocks plunged 2% on Friday after registering a steep 6% fall two days prior on Wednesday, when they logged their biggest single‑day fall in six years

Anthropic’s New Tools Show AI Risk to Indian IT Services Revenues
Anthropic’s New Tools Show AI Risk to Indian IT Services Revenues

New AI tools out this month could change how global firms handle "back-office" technology work, putting at risk a huge chunk of revenues for the Indian IT sector

TSMC Says Second $17bn Plant in Japan Will Make 3nm Chips
Nvidia AI Chip Sales to China Delayed Again on Security Review
Chinese Solar Panel Makers Get a Rise After Musk Team Visits
India Stocks, Rupee Soar on US Trade Deal Despite Few Details
Japan Claims ‘World First’ Retrieval of Rare Earths in Deepsea Drill
India’s 20-Year Tax Break For Data Centres Faces Resource Crunch
Thousands Arrested, 100s Deported After Cambodia Scam Raids

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors