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Latest: Fintech News

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
Foxconn in ‘Serious’ Talks to Invest in India’s Karnataka

The Taiwanese tech giant already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple and Amazon

Australia to Remove Chinese Surveillance Cameras at State Offices
Australia to Remove Chinese Surveillance Cameras at State Offices

Surveillance cameras supplied by HikVision and Dahua found at defence and other government department offices will be removed, a senior minister said in Canberra on Thursday

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
Shares of Japanese Tech Giants Plunge on Weak Earnings
SoftBank in The Red as Vision Fund $5.52bn Slump Weighs

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