Latest: Fintech News
Thanks to artificial intelligence tools like ChatGPT, Nvidia’s valuation has rocketed from $1 trillion to more than $2 trillion in just nine months
Britain's financial watchdog became the latest regulator to open the door for digital asset trading products on Monday
China is facing an acute lack of skilled talent, particularly in AI and big data -- segments in which the country's job market has seen a good start this year
‘Document 79’ has only been seen by Beijing’s highest-ranking officials and is said to require state-owned operations to get rid of foreign software by 2027
US lawmakers say cellular modems were found installed on cranes made by China's Shanghai Zhenhua, but the company says its cranes pose no security risk to any ports
Washington is also pushing the Netherlands to stop ASML from maintaining and servicing equipment it sold to China before the Dutch chip export curbs came into effect
The US Justice Department also said the bill forcing ByteDance to divest TikTok would put the government in a stronger legal position than if the app was simply banned
TikTok and US representatives took shots at each other over everything from whether a new bill calls for a ban on the app to whether the ByteDance-backed firm should call on its users to push back against it
But there are concerns approvals for nuclear projects won’t be able to keep pace with the tech industry’s demand for cleaner power
New Delhi is to target the cash at developing computing infrastructure and large language models
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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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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