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Latest: Fintech News

Nvidia Chief Pans Sam Altman’s Trillion-Dollar AI Chip Plan
Nvidia Chief Pans Sam Altman’s Trillion-Dollar AI Chip Plan

"If you just assume that computers never get any faster, you might come to the conclusion we need 14 different planets and three different galaxies and you know four more Suns to fuel all this."

Google Set to Launch Satellite to Pinpoint Methane Emission Sites
Google Set to Launch Satellite to Pinpoint Methane Emission Sites

Google is partnering with the Environmental Defense Fund, a non-profit, with a plan to launch a satellite next month that uses Google's AI system to measure methane leaks

Japan Leaders Want Law on Generative AI ‘Within the Year’
Japan Leaders Want Law on Generative AI ‘Within the Year’

Japan's ruling party's AI project team is planning to draft preliminary rules, including penal regulations, for foundation model developers such as OpenAI

Nikkei, Hang Seng and Taiwan Get Big Lift From Chip Stocks Surge
China, North Korea Hackers Using Generative AI, Microsoft Says
New Type of Magnet Found With Possible PC Uses – New Scientist
Russians Get Chinese Help to Make Citroen EVs at Stellantis Plant
Japan Slips Into Recession, But BOJ Still Seen Ending Stimulus
India’s Paytm Bleeds Amid Financial Crime Probe in Banking Arm
Any Expansion of China Chip Curbs Will Risk Business, ASML Says

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