AI's Impact: Apollo Takes a Stand Against Tech

Apollo, a major investment firm, has shifted its view on technology companies. It now sees risks, especially for those in software. The firm is betting against loans from companies like Internet Brands, SonicWall, and Perforce. Why? Apollo thinks AI is a big threat. It can do many jobs that people used to do. This includes coding, customer service, and even some financial tasks. If AI can do these jobs, what happens to the companies that sell software for these tasks? This is not just about a few companies. It's about the whole industry. If AI can replace software, then many companies might struggle. Apollo is not just predicting this. It's acting on it. By betting against these companies, it's saying, \"We think they won't do well. \" But is Apollo right? It's hard to say. AI is powerful, but it's not perfect. It can do many things, but it can't do everything. And people still like dealing with people, not just machines. This is a big moment for the tech world. If Apollo is right, then many companies need to change. They need to find new ways to stay relevant. If Apollo is wrong, then it's a big miss. Either way, it's a story to watch.