Apollo Global Management Ramps Up Lending Amid AI Financing Boom, Hitting Record High

Apollo Global Management's third-quarter lending reached a record $114 billion, as the firm increasingly directs premiums paid by insurance clients into the artificial intelligence lending boom. The New York-headquartered private capital management group's third-quarter lending rose more than 50% from the second quarter. Related deals include providing chip financing for AI company Anthropic and participating in a financing plan to raise $500 billion for chipmaker Nvidia. (Sina Finance)