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Latest: Fintech News

China is Using AI to Ramp up Espionage, US Says – WSJ
China is Using AI to Ramp up Espionage, US Says – WSJ

US agencies suspect China is using artificial intelligence sift through an "enormous trove" of hacked personal data on American officials and other citizens to target specific individuals

Nvidia Launches Modified Gaming Chip For Chinese Market
Nvidia Launches Modified Gaming Chip For Chinese Market

Company says the GeForce RTX 4090 D, which will be available next month, has been designed to fully comply with US government export controls

China’s Dutch Chip-Equipment Imports Jump 1,050% – SCMP
China’s Dutch Chip-Equipment Imports Jump 1,050% – SCMP

The surge suggests Chinese chip firms are racing to acquire lithography systems before Dutch export curbs tighten from next year

China’s Nio Unveils Flagship EV to Take on Mercedes, Porsche
Beijing Slams US Plan to Review China’s Supply of Legacy Chips
India Taps AI in Forecasts as Extreme Weather Weighs on Economy
China’s BYD Plans EV Production Base in Hungary
Tencent, Netease Shares Plunge After China Issues Gaming Rules
Panasonic Energy Pulls Plug on Oklahoma Battery Plant Plan
US May Hike Tariffs on Chinese EVs, Other Goods – WSJ

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