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Latest: Fintech News

Fears Rising on Impacts From Unrestrained AI Projects
Fears Rising on Impacts From Unrestrained AI Projects

Companies in Japan have called for a law to stop unrestrained use of AI, saying they fear democracy and social order could collapse if artificial intelligence systems are left unchecked

Taiwanese Firms Eye SE Asia Boltholes in Case China Invades – FT
Taiwanese Firms Eye SE Asia Boltholes in Case China Invades – FT

Contractors on the island are working to establish ‘alternative command systems abroad’ to protect global supply chains

Singapore Tightens Money Laundering Rules After $2.2bn Scandal
Singapore Tightens Money Laundering Rules After $2.2bn Scandal

The biggest money-laundering case found in Singapore has led to officials tightening oversight, but small terms given to 2 men who found guilty last week stirred anger online

Top US Republican Senator Backs Forced Sale of TikTok
Didi Robotaxi JV Gets First China Mass Production Licence
Nvidia to Build $200m Indonesia AI Centre in SE Asia Push
TSMC Wins Billions in US Aid After Deal on 3rd New Arizona Fab
US Won’t Allow Chinese Imports to Kill New Industries: Yellen
China Ramps Up AI Push, Eyes $1.4tn Industry By 2030  – Xinhua
China Central Bank Announces $70 Billion Loans For Tech Sector

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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