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business8h ago
From 'brutal competitors' to collaborators: Investing giants are cozying up to rivals to fund AI and infrastructure
- Private markets are embracing AI funding, shifting from fierce rivalry to collaboration.
- A $1.5 billion joint venture was announced by Blackstone, Hellman & Friedman, and Anthropic.
- Executives expect AI funding to boost data centers and energy-grid upgrades.
- Apollo’s James Zelter emphasized broad collaboration with peers and investors.
- Industry leaders see AI funding as a tailwind for job growth and productivity.
- Investors remain upbeat about returns despite potential workforce disruption concerns.
- Milken Conference officials framed AI funding as a major capital-market theme.
- The deal included participation from Goldman Sachs among other investors.
- The panel featured prominent CEOs and fund managers discussing AI funding strategies.
- The AI funding surge underscores a broader shift toward private-market collaboration.
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