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Latest: Fintech News

Alibaba Releases New AI Model, Says It’s Better Than DeepSeek
Alibaba Releases New AI Model, Says It’s Better Than DeepSeek

"Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit claimed on Wednesday

Curbing Chinese Access to US AI Models May be Hard: Analysts
Curbing Chinese Access to US AI Models May be Hard: Analysts

US executives say limiting the 'distillation' process from open-source models, in which one AI system learns from another, may be difficult to stop

TikTok to Invest $3.8 Billion in Data Centre in Thailand
TikTok to Invest $3.8 Billion in Data Centre in Thailand

The investment will be made by the Singapore unit of TikTok's parent Bytedance and the data centre will support companies affiliated with the popular short-video site

Taipei to Consider Trump Threat of Big Tariffs on ‘Foreign Chips’
DeepSeek Breakthrough or Theft? US Probes ‘AI Data Breach’
Meta Set up ‘War Rooms’ to Study DeepSeek AI Model – Fortune
China Building Huge Laser Fusion Research Facility, Analysts Say
Tech Selloff Extends to Japan as DeepSeek Puts Focus on AI Costs
Bids Rush in For TikTok as Americans Scramble to Get the App
‘AI Breakthrough’ by China’s DeepSeek Rocks US Tech Giants

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