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Latest: Fintech News

ByteDance’s TikTok Faces Mega Fine Threat From EU Probe
ByteDance’s TikTok Faces Mega Fine Threat From EU Probe

The European Union has opened a formal investigation into the video-sharing platform over possible online content breaches

China’s EV Maker Xpeng Unveils Big Hiring, AI Investment Plan
China’s EV Maker Xpeng Unveils Big Hiring, AI Investment Plan

CEO He Xiaopeng said the carmaker would hire 4,000 new workers and invest $486m in AI, as China faces a year seen as the first of a “knockout round” for Chinese auto brands

New Deal Triples OpenAI Valuation to $80 Billion – NYT
New Deal Triples OpenAI Valuation to $80 Billion – NYT

The deal comes at a time when OpenAI chief Sam Altman is seeking between $5-7 trillion for an AI chip venture in a bid to bolster global chipmaking capacity

SoftBank’s Arm Continues Dream Run as Nvidia Reveals Stake
Nikkei, Hang Seng and Asian Stocks Enjoy Upbeat Mood
Nvidia Chief Pans Sam Altman’s Trillion-Dollar AI Chip Plan
Google Set to Launch Satellite to Pinpoint Methane Emission Sites
Japan Leaders Want Law on Generative AI ‘Within the Year’
Nikkei, Hang Seng and Taiwan Get Big Lift From Chip Stocks Surge
China, North Korea Hackers Using Generative AI, Microsoft Says

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