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AI's Money Needs Have Longtime Rivals Are Partnering More Than Ever ...
From 'brutal competitors' to collaborators: Investing giants are cozying up to rivals to fund AI and infrastructure By Bradley Saacks You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Apollo President James Zelter spoke at Monday's Milken Conference in Los Angeles. APFIS 2026-05-04T18:56:49.490Z Capital needs of AI and infrastructure are so great that Wall Street giants are fighting less. James Zelter, Apollo's president, said it isn't as "brutal" to compete for deals. PE giants, including Blackstone, came together to form a joint venture with AI darling Anthropic on Monday. Everyone plays nicer on the conference stage than in the boardroom, but it was a remarkably chummy start to the Milken conference in Los Angeles on Monday. The reason, according to those onstage, is that elbows don't have to be nearly as sharp when the investment needed to see the AI boom through is so massive.The funding of artificial intelligence and the broader infrastructure to support the technology, including data centers, energy grid improvements, and more, has become the story of capital markets since OpenAI's public release of its chatbot in late 2022. 8 Wall Street pros share their tips on investing amid rising AI bubble concerns Now, as James Zelter, the president of Apollo, said, "We all do a tremendous amount of work with each other," talking about both his fellow panelists, including Blackstone's Jon Gray, as well as the audience full of private-market investors.Compared to the financial crisis, when "we were all very brutal competitors," Zelter said the current "big ocean" of opportunities is ripe for partnerships, and capital is in high demand. Investment-grade debt markets have been flooded with new issuances, he said, proving strong companies need capital. Monday morning kicked off with the announcement of a $1.5 billion joint venture between Blackstone, Hellman & Friedman, and Anthropic, along with other investors, including Goldman Sachs.Any pessimism around private credit, how AI could disrupt the workforce, or the US economy in light of the Iran conflict was nowhere to be found on the panel, which also included Franklin Templeton CEO Jenny Johnson, BNY CEO Robin Vince, and Waleed Al Mokarrab Al Muhairi, the deputy CEO of the $375 billion Emirati sovereign wealth fund, Mudabala."We're still probably the best dirty shirt in the laundry," Johnson said about investing in the US. Mudabala has 44% of its portfo...
Apollo Global president says it'll take 'all the markets' to fund AI ...
Apollo Global Management president Jim Zelter says debt funding for AI capital expenditures will remain healthy at least until 2028.
John Zito on Financial Markets, Investment Strategies, AI
Apollo Asset Management Co-President John Zito discusses financial market conditions and investment strategies around the growth of AI. He speaks with Dani Burger at the Milken Institute Global ...
FTSG at Milken Global Conference 2026 - Future Today Strategy Group
FTSG at Milken Global Conference 2026 FTSG is excited to send a delegation of our leading experts to the Milken Institute Global Conference in Los Angeles, May 3-6, 2026. Our CEO Amy Webb will be back this year speaking about the future of AI and investment, governance and regulation.
