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Latest: Fintech News

Study Suggests Ways to Overcome High Failure Rate in AI Projects
Study Suggests Ways to Overcome High Failure Rate in AI Projects

Rand Corporation authors interviewed dozens of AI experts on how to overcome the 80% failure rate estimated for AI projects

40% of Global Energy Generated by Renewables in 2023
40% of Global Energy Generated by Renewables in 2023

The rapid transition to renewable energy sources, notably solar power, continued in 2023 and the first half of 2024, new reports say

US And China Expand Contact Between Their Military Chiefs
US And China Expand Contact Between Their Military Chiefs

US Security Adviser Jake Sullivan meets with President Xi after rare meeting with key military officer and others in a bid to ease tensions on a range of thorny issues

Google May Set up a ‘Hyperscale’ Data Centre in Vietnam
Malaysia Tells Social Media Giants They Must Adapt to New Rules
Samsung SDI Agrees to $3.5bn EV Battery Plant in US With GM
Beijing Fumes as Canada Slaps 100% Tariffs on China-Made EVs
Chinese Tech Giants Pouring Cash Into AI Processors – FT
Investors in Musk’s X Tied to Sanctioned Putin Allies  – Essanews
PDD Stock Plunges 28% as Revenue Hit by China Slowdown

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