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Latest: Fintech News

Meta Set up ‘War Rooms’ to Study DeepSeek AI Model – Fortune
Meta Set up ‘War Rooms’ to Study DeepSeek AI Model – Fortune

Meta has reportedly established four "war rooms" with engineers to assess the AI model developed by Chinese startup DeepSeek, insiders have alleged

China Building Huge Laser Fusion Research Facility, Analysts Say
China Building Huge Laser Fusion Research Facility, Analysts Say

Satellite photos show China appears to be building a large laser-ignited fusion research centre in a southwestern city

Tech Selloff Extends to Japan as DeepSeek Puts Focus on AI Costs
Tech Selloff Extends to Japan as DeepSeek Puts Focus on AI Costs

Shares of Nvidia plunged by 17% on Monday, wiping nearly $600 billion from the chipmaker's market value, a record one-day loss for any company.

Bids Rush in For TikTok as Americans Scramble to Get the App
‘AI Breakthrough’ by China’s DeepSeek Rocks US Tech Giants
‘The End May Be In Sight’: Musk Pans Trump’s $500bn AI Deal
Trade Wars Would be ‘Catastrophic’ for World Economy: WTO
Bytedance ‘Plans $20 Billion Outlay on AI Infrastructure This Year’
SoftBank, UAE’s MGX Join $500bn Data Centre Deal With OpenAI
Trump Day 2: 10% China Tariffs by Feb 1, EU to Also ‘Get Fairness’

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