VENDOR · US
Apollo Global Management invests in AI hardware startups, plans future lending
Apollo Global Management is investing in AI and hardware startups (including chip designer SiFive and AI-powered factory developer H100-like vendors) and plans to provide infrastructure financing to portfolio companies as they scale.
WHY IT MATTERS
Alternative-asset giant entering AI hardware supply chain signals financialization of compute scarcity; banks will face higher cost of capital for GPU/chip access, consolidating advantage to megabanks with direct fund relationships.
Source: PYMNTS · 2026-09-18