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Latest: Fintech News

China’s Tencent Assembles Team To Create ChatGPT Rival
China’s Tencent Assembles Team To Create ChatGPT Rival

Competitors Alibaba and Baidu are also working on products similar to the viral chatbot, which so far remains inaccessible in China

‘Fab 4’ Chip Alliance Holds First Senior Officials Meeting
‘Fab 4’ Chip Alliance Holds First Senior Officials Meeting

Semiconductor powerhouses Taiwan, the United States, Japan and South Korea held a video meet to discuss supply chain resilience

IMF Chief Floats Crypto Ban Amid Debt Restructuring Talks
IMF Chief Floats Crypto Ban Amid Debt Restructuring Talks

Speaking on the sidelines of a G20 meeting in India, Kristalina Georgieva warned of the stability risks of privately issued cryptocurrencies

China Wants To ‘Integrate’ ChatGPT-Like Tech in its Economy
TSMC Plans $7.4-Billion Second Japan Fab For High-End Chips
European Commission Bans TikTok on Staff Phones – BBC
Korean Firms Likely to See Cap on Advanced Chips in China: US
High Cost, ‘Unmanageable’ US Staff Plague TSMC in Arizona – NYT
US May Reveal Intel on Weapons China May Give Russia: WSJ
Baidu Says Ernie Bot Will ‘Revolutionise’ its Search Engine

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