[Special Stock] Obzen Surges on Musk's xAI-Palantir Financial AI Collaboration; Highlights No.1 Domestic Financial AI Market Share

Obzen is showing strong performance following news of a financial AI collaboration between xAI and Palantir.

As of 1:29 p.m. on May 8, Obzen was trading at 10,450 won, up 4.81% from the previous day.

According to foreign media reports on May 6 (local time), xAI, led by Elon Musk, has joined the joint partnership between Palantir and TWG, which was established in March to apply artificial intelligence (AI) technology to the financial sector, thereby expanding the scope of their collaboration.

xAI plans to provide AI-based solutions for financial business operations by integrating its large language model 'Grok' series and the supercomputer 'Colossus'.

Alex Karp, CEO of Palantir, stated, "Major financial institutions have not invested enough time in leveraging the potential of AI. Placing AI at the center of operations can deliver faster and more meaningful results for customers, and ultimately create much greater value for society."

Industry insiders predict that this collaboration will accelerate the adoption of AI across the entire financial industry.

Meanwhile, Obzen is known as the leading company in the domestic financial AI market. Obzen supplies big data and AI-based digital marketing solutions. Its main clients include major domestic banks, credit card companies, and insurance firms, accounting for a 75% market share in the financial sector.

Recently, Obzen has been incorporating AI agent technology utilizing LLM and sLLM, going beyond generative AI solutions for the financial sector. Notably, Naver Cloud, a wholly owned subsidiary of Naver, is reported to be the second-largest shareholder of Obzen, holding a 6.09% stake (269,860 shares).