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Latest: Fintech News

Alibaba, Tencent Race to Build ChatGPT Rivals – Nikkei
Alibaba, Tencent Race to Build ChatGPT Rivals – Nikkei

Baidu also said earlier this week it will soon finish internal testing for a ChatGPT alternative called 'Ernie Bot'

China to Set Up Blockchain Research Centre in Beijing – SCMP
China to Set Up Blockchain Research Centre in Beijing – SCMP

The centre will be tasked with exploring blockchain’s potential for the government, Chinese citizens and industries

Google AI Chatbot’s Factual Error in Ad Costs $100bn – Reuters
Google AI Chatbot’s Factual Error in Ad Costs $100bn – Reuters

Google's AI chatbot Bard, touted as a competitor to ChatGPT, shared inaccurate information in a promotional video

Foxconn in ‘Serious’ Talks to Invest in India’s Karnataka
Australia to Remove Chinese Surveillance Cameras at State Offices
China Android Phones Have 30 Data-Collecting Apps – Register
New System Needed to Regulate Big Tech in Finance, BIS Says
Japan May Opt for Milder Chip Curbs on China Than US: Lawmaker
Chip Shortage Pushes Japan’s Subaru to Slash Output Target
US Demands Answers on China Accessing Facebook Data – CNN

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