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Latest: Fintech News

US Senators Launch 2nd Multi-Pronged China Competition Bill
US Senators Launch 2nd Multi-Pronged China Competition Bill

'China Competition Bill 2.0' will seek to limit advanced tech and capital going to China; boost curbs on buying US land and restrict foreign computer apps; and deter China from conflict with Taiwan

AI ‘Godfather’ Quits Google, Warns of ‘Risk To Humanity’ – NYT
AI ‘Godfather’ Quits Google, Warns of ‘Risk To Humanity’ – NYT

Geoffrey Hinton said he regretted his role in driving the development of AI, saying it could flood the internet with false information, destroy the global job market and also lead to the creation of autonomous weaponry

US Chip Sanctions Have Hardly Impacted China’s AI Capability
US Chip Sanctions Have Hardly Impacted China’s AI Capability

"This export restriction is noticeable, but it's not quite as devastating as it could have been," one expert said

China Lifts PLA Recruitment Amid Space, Cyber Warfare Push
US Lawmakers Demand Supply Chain Check Before Shein IPO
Malaysia Warned by US, EU Over Huawei 5G Role Bid – FT
Mintz Executive Caught in China’s Growing Web of Exit Bans
Jack Ma to be a Visiting Professor at Tokyo University
S Korea Exports Sink For Seventh Month, China Sales Slump
China’s Manufacturing Falls in April as Export Orders Drop

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