TechApollo reportedly backs AI and hardware startups with an eye to future lending
The Information reports that Apollo expects AI startups to need debt much earlier than the last generation of software companies—a potential financing opportunity for the $1 trillion asset manager.
TLDR
Apollo Global Management has started investing in AI and related hardware startups with the ambition of lending to them later, The Information reports. The $1 trillion asset manager expects AI startups to need debt much earlier than the last generation of software companies.
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Apollo reportedly backs AI and hardware startups with an eye to future lending
The Information reports that Apollo expects AI startups to need debt much earlier than the last generation of software companies—a potential financing opportunity for the $1 trillion asset manager.
TLDR
Apollo Global Management has started investing in AI and related hardware startups with the ambition of lending to them later, The Information reports. The $1 trillion asset manager expects AI startups to need debt much earlier than the last generation of software companies.