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Latest: Fintech News

AI Can’t Be Trusted to Set Interest Rates – Yet: Bank Chief
AI Can’t Be Trusted to Set Interest Rates – Yet: Bank Chief

But the head of Singapore’s central bank warned artificial intelligence could help create a new army of cyber criminals

New Huawei Phone Shows US Sanctions May Be Working
New Huawei Phone Shows US Sanctions May Be Working

A teardown of the Pura 70 smartphone suggests Huawei may have only made incremental improvements in its ability to produce an advanced chip with Chinese partners

US May Deny China, Russia Access to Advanced AI Models
US May Deny China, Russia Access to Advanced AI Models

US officials are looking to restrict the export of closed source AI models to China, Russia and other rivals, sources say, but there is uncertainty on the regulatory set-up it seeks to impose

TikTok, Bytedance File Legal Challenge Against Divestment Law
US Scraps Chipmakers’ Export Licences to Sell to China’s Huawei
Another ByteDance App Gains Popularity in US – SCMP
Apple Working With TSMC to Make its Own AI Chips: WSJ
Warren Buffett Likens AI to the Atomic Bomb — Quartz
Chinese Graphite: US Carmakers Win Easier EV Tax Credits
Macron and Xi Set to Discuss Trade Concerns, War in Ukraine

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