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AI & Enterprise
AI hacking spurs shift in corporate security spending priorities
As AI hacking spreads, companies are not only increasing cybersecurity budgets but also changing spending priorities, benefiting some newer security technologies while sidelining parts of the traditional stack. Large firms are raising outlays for tools to monitor employee AI use, find vulnerabilities ahead of hackers and speed patching. Some are cutting spending on traditional vulnerability management, log collection and penetration testing. Gartner forecasts strong growth in the AI security market through 2028.
AI & Enterprise
Marvell, Flex to join S&P 500 on June 22, boosting tech presence
Marvell Technology and Flex will join the S&P 500 index on June 22, replacing Pool and Campbell’s Company, CNBC reported. Marvell makes semiconductor components and products used to expand artificial intelligence infrastructure, while Flex is an electronics contract manufacturer. Shares rose after the announcement, with Marvell up 5 percent and Flex up 4 percent in after-hours trading. Flex provides manufacturing services to major tech firms including Apple and Nvidia.
Finance
Claude shock wipes $300 billion from global software market value; South Korean firms fall too
Anthropic’s unveiling of workplace automation tools pushed the global software industry into panic, with about $300 billion in U.S. software sector market value wiped out in a week, the article said. Investors fear AI agents could replace existing software. Major U.S. software names fell sharply, while South Korean software, systems integration and platform companies also declined. An industry source said similar services already existed and impact felt on the ground was limited.