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Latest: Fintech News

Google, Meta, Microsoft, Others Agree on AI ‘Red Lines’
Google, Meta, Microsoft, Others Agree on AI ‘Red Lines’

More than a dozen technology leaders, also including Amazon, IBM and Samsung, signed up to protocols for the development of artificial intelligence

Vietnam Asks Foxconn, Others to Cut Power Use to Avert Blackouts
Vietnam Asks Foxconn, Others to Cut Power Use to Avert Blackouts

Widespread blackouts amid a heatwave last year hit several manufacturers in north Vietnam and resulted in estimated $1.4 billion worth of losses

Alibaba, Baidu Slash Price of Language Models Used With AI Bots
Alibaba, Baidu Slash Price of Language Models Used With AI Bots

China's biggest tech giants have intensified a price war that started in the cloud computing sector and has now spread to AI chatbots

US, EU Must Act Jointly on China’s Industrial Overcapacity: Yellen
Aussie Who Said he Invented Bitcoin Lied on ‘Grand Scale’: Judge
Crypto Venture Capital Funding Topped $2.4bn For Q1
Apple Offers Big iPhone Discounts in China Amid Sales Slump
China’s 10min Charge Car Battery Can Last 600 Miles – Yahoo
Didi Co-Founder Liu Becomes ‘CPO’ at China Ride-Hailing Giant
China Bans US Firms, Starts Dumping Probe as Trade Rows Flare

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