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Stock impact report

Private credit worries resurface in $3 trillion market as AI pressures software firms [CNBC]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: CNBC
The concerns center on how deeply private credit portfolios are tied to industries most exposed to AI-driven disruption. In this article Apollo Global Management signage in New York on Dec. 5, 2023. Jeenah Moon | Bloomberg | Getty Images Private credit markets are facing fresh uncertainty as AI-driven tools start to pressure software companies, a major borrower group for private lenders. The software industry came under renewed pressure last week after artificial intelligence firm Anthropic unveiled new AI tools, sparking a sell-off in software data provider shares. The AI tools, developed by Anthropic, are designed to perform complex professional tasks that many software companies currently charge for, raising fresh concerns that AI could weaken traditional software business models. Shares of asset managers with large private credit franchises tumbled this week as investors fretted about how AI could upend borrowers' business models, pressure cash flows and ultimately Show less Read more
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