Apollo's Big Bet on AI's Future

Apollo Global Management took a bold step. They decided to bet against some software companies. These companies were thought to be vulnerable to AI. The companies in question were Internet Brands, SonicWall, and Perforce. This wasn't a small move. The loans involved were less than 1% of Apollo's massive credit assets. Even so, it was a significant amount. The bets were made earlier this year. They continued for most of the year. But they were closed later. Why did Apollo take this risk? They noticed a trend. AI is growing rapidly. Some tech companies might not be able to keep up. Apollo believed these companies were in danger. So, they took a chance. They bet against them. This shows how AI is changing the game. It's not just about big tech. It's about who can adapt. Apollo saw this early. They acted on it. The results? We'll see. AI is changing the tech world. Companies need to adapt or risk falling behind. Apollo's move shows they are paying attention. They are willing to take risks. This could be a smart move. Or it could be a mistake. Only time will tell.