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Latest: Fintech News

AI Stocks Jump on Upbeat C3.ai Forecast, ChatGPT Boom
AI Stocks Jump on Upbeat C3.ai Forecast, ChatGPT Boom

Shares of Silicon Valley outfit C3.ai leapt 16.14% before the bell on Friday and were among the top five stocks trending on StockTwits

Chip Executives Replace Pony Ma, Jack Ma at Key China Meet
Chip Executives Replace Pony Ma, Jack Ma at Key China Meet

The move signifies Beijing's changing priorities as it looks to strengthen is capabilities while Washington cuts off access to cutting edge technology

SoftBank to List Arm in New York, Despite British Appeals
SoftBank to List Arm in New York, Despite British Appeals

Decision is a blow for the British government, which hoped to lure the chip designer home, but not unexpected, as SoftBank always favoured a US listing and needs to replenish its coffers

Apple Supplier Foxconn Speeds up India Expansion in China Shift
US Adds 28 Chinese Firms, 10 Others to Trade Blacklist
China’s Low-Earth Satellites Push in Starlink Catch-Up Bid
China Tech Fighting Over AI Talent in ChatGPT Chase – SCMP
Binance Makes Another Bid For Singapore Licence Amid US Probe
China Has Big Lead in Critical Emerging Technologies: Study
US ‘Discussing Possible China Sanctions’ With Allies Over Ukraine

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