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Latest: Fintech News

OpenAI Staring at $5bn Loss While Revenue Soars 1,700% – CNBC
OpenAI Staring at $5bn Loss While Revenue Soars 1,700% – CNBC

The Microsoft-backed artificial intelligence leader is working on a funding round that could value the company at over $150 billion

China Overseas Green Investment Surges in Bid to Dodge Tariffs
China Overseas Green Investment Surges in Bid to Dodge Tariffs

Chinese companies have pumped in more than $100bn into foreign clean tech projects since 2023, research group says

Decline in China’s Solar Output Seen Due to Oversupply – PV Mag
Decline in China’s Solar Output Seen Due to Oversupply – PV Mag

The future of solar manufacturing in SE Asia depends on duties to be determined by US officials, but most Chinese solar suppliers have stopped shipping to the US due to the risk of retroactive tariffs

Ishiba Confirmed as PM, Ahead of October 27 Snap Election
Weak ASEAN Nations ‘at Risk of Evolving Into Scamming States’
OpenAI Wants Data Centres With Huge Power Demands – Fortune
Bumps Ahead For Huawei in Race to Rival Nvidia With New AI Chip
Altman Looks to Calm Nerves on OpenAI Shake-Up Amid Fundraising
Former Defence Minister Shigeru Ishiba to be Japan’s Next PM
Big Tech’s Hunger For AI Power Unsettling ESG Investors

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