Apollo Global Management is a US alternative asset manager with businesses in private equity, credit and real assets. Recent coverage focuses on its role in AI infrastructure: it is named as lead in SpaceX's $40 billion financing to buy Nvidia chips, and SpaceX is working with Apollo, Nvidia and others on a program to deploy its Grok AI systems. President Jim Zelter said compute and energy will remain AI bottlenecks, while chief economist Torsten Slok called AI investment critical to the US economy.
SpaceX works with Apollo, Nvidia on Grok partnership programSpaceX is working with Apollo Global Management, Nvidia and dozens of other firms on a partnership program to deploy and improve its Grok AI systems, aiming to boost business adoption of its AI offerings.
SpaceX seeks $40B to buy Nvidia chips, FT saysElon Musk's SpaceX is seeking $40 billion in financing led by Apollo Global Management to buy Nvidia chips, the Financial Times reported, underscoring AI developers' insatiable demand for computing power.
Apollo President: Compute, Energy to Be AI BottlenecksApollo Global Management President Jim Zelter says compute and energy will remain bottlenecks as the AI investment boom accelerates. He also discussed Apollo's exposure to AI and data centers, the US economic outlook, private capital's growing role in defense, and European and UK investment opportunities.
AI Spend 'Critical' to US Economy, Apollo's Slok SaysApollo chief economist Torsten Slok says AI investment has been critical in supporting the US economy. AI hardware kept driving August import prices higher, while Iran-war commodity volatility raised input costs, leaving firms with rising AI-buildout expenses.
Apollo's Zelter on AI capex and higher ratesJim Zelter of Apollo discussed partnerships with the New York Yankees and Nvidia, described AI-related capex as unprecedented in scale, and said he expects rates to remain higher for a while.
The A.I. Daily