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Latest: Fintech News

AI Data Centres Using Much More Water Than Expected
AI Data Centres Using Much More Water Than Expected

Artificial intelligence chatbots such as GPT-3 are using four times more water than initially estimated, according to researchers in California

US to Push For Google to Sell Off Chrome, Android Operations
US to Push For Google to Sell Off Chrome, Android Operations

The Justice Department could also ask a court to end Google's deals to ensure its search engine is pre-installed or set as the default on new devices

Foxconn Mega Factory to Build Nvidia Superchip AI Servers
Foxconn Mega Factory to Build Nvidia Superchip AI Servers

The Taiwanese firm’s chairman Young Liu said capacity at the Mexico plant would be "very, very enormous"

EU Rejects China’s Proposal for 30,000-Euro Minimum EV Price
X Now Prime Source of Chinese Fake News on US Election – GV
TikTok Hit by US Legal Barrage For ‘Harmful’ Impacts on Kids
Samsung Sorry for ‘Shock’ Profit Drop Amid AI Chip Struggles
US Says China is Oversupplying Lithium to Kill Off Rival Firms
Foxconn’s AI Bonanza Continues as it Posts Record Q3 Revenue
China Hackers Accessed US Court Wiretap Networks: WSJ

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