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AI & Enterprise

OpenAI, Anthropic step up hiring from Salesforce as enterprise software talent war intensifies

OpenAI and Anthropic are hiring key talent from the enterprise software industry, including alumni of Salesforce, as AI competition spreads from products to the labour market. OpenAI has recruited executives and staff focused on enterprise sales and customer support, and is also hiring Palantir’s forward-deployed engineers. OpenAI said enterprise customers could account for up to 40 percent of its business and may rise to 50 percent by year-end.

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.

Finance

Kiwoom Securities\' RIA accounts surpass 20,000; Nvidia most deposited stock

Kiwoom Securities said on Wednesday its RIA accounts, designed for investors returning funds to the domestic market, have surpassed 20,000. Nvidia was the most deposited overseas stock, accounting for more than 20 percent of total deposited balances. Tesla, SOXL, Palantir Technologies and Alphabet followed. The account offers capital gains tax reductions if proceeds from overseas stock sales are reinvested long term in domestic assets.