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Latest: Fintech News

Another ByteDance App Gains Popularity in US – SCMP
Another ByteDance App Gains Popularity in US – SCMP

The app, Lemon8, is known for its ‘blog-style’ posts and is seen as a platform for photos, rather than videos

Apple Working With TSMC to Make its Own AI Chips: WSJ
Apple Working With TSMC to Make its Own AI Chips: WSJ

The server chip will likely focus on running AI models, also known as inference, rather than in training AI models, where Nvidia is dominant

Warren Buffett Likens AI to the Atomic Bomb — Quartz
Warren Buffett Likens AI to the Atomic Bomb — Quartz

The investment mogul said that he became "a little nervous" about AI after seeing a deepfake of his "delivering a message that in no way" came from him

Chinese Graphite: US Carmakers Win Easier EV Tax Credits
Macron and Xi Set to Discuss Trade Concerns, War in Ukraine
Tesla Sues Indian Battery Maker For Use of ‘Tesla Power’ Name
Massive Inflows Into Taiwan ETFs Spark Volatility Concerns
TikTok Allowing Manipulated Videos of Biden, Media Monitor Says
US Asks China to Declare AI Will Never Control Its Nuclear Arms
TikTok Employees Faced Questioning at US Borders – Forbes

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