Apollo Global Management LLC Class AApollo participates in $500B AI infrastructure fund and opens Austin hub, expanding AI infrastructure focus.
Apollo Global Management is participating in a planned $500 billion AI infrastructure fund alongside Nvidia and other large Wall Street investors. The fund will target data centers and related AI infrastructure, reflecting growing capital demand for large-scale computing projects. Apollo also announced a new innovation hub in Austin, Texas, to expand its presence in a major US technology and industrial center. Together, these moves represent a material extension of Apollo's focus on AI-related infrastructure and regional growth in the United States.
Apollo Global Management LLC Class AApollo participates in $500B AI infrastructure fund and opens Austin hub, expanding AI infrastructure focus.
NVIDIA CorporationNvidia involved in $500B AI infrastructure fund targeting data centers, boosting demand for its chips.