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Latest: Fintech News

OpenAI Shifts Stance on Military Use of AI Tools – CNBC
OpenAI Shifts Stance on Military Use of AI Tools – CNBC

The change came after the ChatGPT creator reportedly started working with the US Department of Defense on cybersecurity tools

AI Will Worsen Global Inequality, Replace Jobs, Says IMF – BBC
AI Will Worsen Global Inequality, Replace Jobs, Says IMF – BBC

Lower-income and older workers could fall behind, the IMF believes, as AI is adopted across world economies

North Korea Hackers Share Networks With SE Asia Crime Gangs
North Korea Hackers Share Networks With SE Asia Crime Gangs

A UN investigation has uncovered evidence that hackers like NK’s Lazarus Group are linking up with fraudsters and drug traffickers in Thailand and Myanmar

Apple Set to Offer Rare iPhone Discount in China as Sales Slow
China’s Military, AI Bodies Still Buying Nvidia Chips Despite US Ban
China Big Tech Hacks Back Investment, Expansion Plans – SCMP
US Bitcoin ETFs Turn Over $4.6 Billion on First Day of Trading
South Korea Warns Against Brokering US Bitcoin ETFs Locally
China Raises Dutch Chip Curbs, Sanctions on Call With Raimondo
Huawei Eyeing Autonomous Driving Dominance Next – ThinkChina

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