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Latest: Fintech News

Baidu Beats Q3 Revenue Forecasts, Says AI Key to Growth
Baidu Beats Q3 Revenue Forecasts, Says AI Key to Growth

China's largest search engine saw third-quarter revenue of $4.72 billion as advertisers responded to recent green shoots of recovery

OpenAI Investors Weigh Legal Options Amid Fears Of Collapse
OpenAI Investors Weigh Legal Options Amid Fears Of Collapse

Analysts say investors looking to sue the ChatGPT-maker will have a 'weak case' as the company's structure insulates the board, even from decisions that backfire

TikTok Not Off The Hook With US: Treasury Secretary Yellen
TikTok Not Off The Hook With US: Treasury Secretary Yellen

Washington’s Yellen said pending legal action meant US regulators couldn’t yet act against the Chinese video-sharing platform

Turmoil at OpenAI After Board Coup, Altman Heads to Microsoft
Foxconn EV Unit’s Low-Powered Market Debut Amid Sector Fears
India Approves Foxconn, Dell Investments in Domestic Tech Push
South Korea’s Hyundai to Sell Vehicles on Amazon From 2024
China’s Xi Scores Standing Ovations, Sanctions Relief on US Trip
Samsung Boss Faces Call for Five-Year Jail Term for Fraud
South Korea Green Lights Robots on Its Streets – Register

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