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Latest: Fintech News

Shein’s AI-Boosted Fast-Fashion Model Increases Emissions – Grist
Shein’s AI-Boosted Fast-Fashion Model Increases Emissions – Grist

The hugely successful clothing retailer’s fine-tuning of its business by using artificial intelligence comes at a cost, say climate campaigners

US House Passes Bill to Limit China’s Access to EV Tax Credits
US House Passes Bill to Limit China’s Access to EV Tax Credits

The new law - one of several this week aimed at curbing China – now goes to the Senate. It seeks to restrict Chinese content in cars that qualify for EV tax credits

Samsung Axes Thousands as Tech Giant Feels Chip, Phone Pressure
Samsung Axes Thousands as Tech Giant Feels Chip, Phone Pressure

Samsung is struggling to keep up with smaller chip rival SK Hynix, while it’s also facing stiff smartphone competition from Apple and Huawei

Microsoft, Google Announce Major Carbon Removal Deals
US Pressing Korean Chipmakers For More China Chip Curbs
Carbon Fibre Could Boost EV Ranges by 70%, Say Researchers – IE
‘US to Sanction Prominent Cambodians Tied to Scam Centres’
Strong Global EV Sales in August Despite Big EU Slump
Taiwan Riding AI Wave as Exports Hit Record Monthly High
China Won’t Sign Global Pact on Responsible Use of AI in Military

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