Business Insider
US · 2 hrs ago
AI scored
From 'brutal competitors' to collaborators: Investing giants are cozying up to rivals to fund AI and infrastructure
72Accuracy
centreBias
0Ratings
💬 0Comments
AI Analysis
Accuracy 72/100
Partisan intensity 35/100
ObjectivePartisan
Centre / Neutral ✓ Fair headline
Major private equity and investment firms are increasingly collaborating rather than competing to fund massive AI and infrastructure projects, with executives at the Milken Conference noting that the scale of capital required is driving unprecedented industry cooperation.
From 'brutal competitors' to collaborators: Investing giants are cozying up to rivals to fund AI and infrastructure
Apollo President James Zelter spoke at Monday's Milken Conference in Los Angeles.
APFIS
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 confer
Discussion 0 comments
Sort:
?
No comments yet — be the first to start the discussion!