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AI & Enterprise

Robinhood buys $75 million stake in OpenAI, opening route for retail investors into private AI

Robinhood bought a small stake in OpenAI worth $75 million, expanding a route for retail investors to gain indirect exposure to private AI companies. The deal was made through Robinhood Ventures Fund I, which began trading on the New York Stock Exchange in March. Robinhood said the number of private companies now exceeds listed firms by more than 6.5 times and their estimated U.S. value tops $10 trillion.

AI & Enterprise

S&P 500 AI-related stocks near 45 percent weight as megacap tech concentration raises warning sign

The weighting of artificial intelligence-related stocks in the S&P 500 has expanded to about 45 percent of market capitalisation, raising concerns that concentration in a handful of megacap technology stocks is becoming a key risk for U.S. equities. AI-linked companies already account for more than 40 percent of the index’s value. Analysts cite rising AI infrastructure spending, widening performance gaps and weaker diversification. Some warn that even a modest correction could trigger index deleveraging.

AI & Enterprise

Samsung SDS says cloud is biggest share of IT services revenue, to invest 10 trillion won by 2031

Samsung SDS on Wednesday reported preliminary first-quarter revenue of 3.35 trillion won and operating profit of 78.3 billion won. Revenue fell 3.9 percent from a year earlier, while profit slid 70.8 percent after it booked a 112.0 billion won retirement benefit provision following a change in severance pay calculation standards. Cloud revenue rose 5.8 percent to 690.9 billion won, becoming the largest share within IT services.