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Latest: Fintech News

Nvidia’s Huang Expected to Reveal Details of New AI Chips
Nvidia’s Huang Expected to Reveal Details of New AI Chips

Nvidia chief expected to reveal details about the company's new flagship AI chips – designed for huge data centres that train AI systems

China’s Baidu Launches Two Free AI Models to Rival DeepSeek
China’s Baidu Launches Two Free AI Models to Rival DeepSeek

Baidu has struggled to gain widespread adoption for its Ernie LLM, despite claiming performance comparable to OpenAI's GPT-4

‘Unusual White House Involvement’ in US Bid to Buy TikTok
‘Unusual White House Involvement’ in US Bid to Buy TikTok

While it is not unusual for Washington to influence private deals of listed companies for strategic reasons, the White House has taken a role similar to an investment bank, analysts say

US, Vietnamese Firms Sign Billions in Energy, Mineral Deals
Tesla Planning Cheaper, Smaller Model Y to Boost China Sales
Server Fraud Case in Singapore May be Linked to AI Chips, China
New CEO May Block Intel Split, TSMC’s Plan for JV to Run Fabs
South Korea Keen to Sell Submarines to Canada, Paper Says
Trade War Ramps up as Trump’s Steel and Aluminium Tariffs Start
Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge

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