Apollo’s Record AI Lending Begins to Rival Banking Giants
By PYMNTS
AI summary of the source article
Apollo Global's quarterly lending reached a record $114 billion, driven by its AI funding efforts. The amount represents a 50% increase over its second-quarter lending and included loans to AI companies such as Anthropic and Nvidia.
Key facts
- Apollo Global's lending reached a record $114 billion during the quarter.
- Lending increased by 50% compared to the private capital group's second quarter.
- Borrowers included artificial intelligence companies Anthropic and Nvidia.
Source excerpt · PYMNTS
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 (AI) giants like Anthropic and Nvidia. According to the FT, Apollo has now lent more […] The post Apo…