Apollo’s Record AI Lending Begins to Rival Banking Giants

T2Covered by 1 source · first reported by PYMNTS at 03 Nov, 21:29 UTC

Apollo Global’s lending reportedly hit a record $114 billion during the quarter thanks to its AI funding efforts. That figure marked a 50% increase over the private capital group’s second quarter lending, the Financial Times (FT) reported Tuesday (Nov. 3), as Apollo lent to artificial intelligence…