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Latest: Fintech News

Musk’s xAI Valued at $24 Billion After New Funding Push
Musk’s xAI Valued at $24 Billion After New Funding Push

The artificial intelligence startup will use the cash to bring xAI's first products to market, build new infrastructure and accelerate its R&D

Beckham to be Brand Ambassador as AliExpress Goes Global
Beckham to be Brand Ambassador as AliExpress Goes Global

Alibaba has signed former England soccer star David Beckham as a salesperson to give its e-commerce site AliExpress a lift; it will also be a sponsor of the UEFA tournament next month

China Unveils Video of Simulated Invasion of Taiwan
China Unveils Video of Simulated Invasion of Taiwan

"3D simulation animation" shows a barrage of missiles fired from the mainland, planes and warships, that rain down on targets in the north, south and east of the country

China’s Third Chip Fund Gets $47 Billion to Boost Output
South Korea to Resume Talks With China on Trade Deal, Security
Musk Wants a ‘GigaComputer’ For xAI ChatBot: The Information
India And China Blocking ‘Pillar 1’ Global Tax Deal, Yellen Says
Applied Materials in Hot Water For Gear Sent to China Chipmaker
Tesla Chops Output of Model Y Electric Vehicles in Shanghai
Nvidia Chip Prices Take a Hit in Duel With China’s Huawei

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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