Apollo CEO says some AI fortunes may be lost

In the AI arms race, quick gains could just as easily lead to quick losses. "Great fortunes will be made. Great fortunes may be lost," Apollo Global Management CEO Marc Rowan told Yahoo Finance. (Disclosure: Yahoo Finance is owned by Apollo Global Management.) Rowan warned of intermediary companies, such as specialized real estate firms that build and own the data centers that are used by tech giants. There's a distinction between lending money to data centers and owning a stake in them, he said. For cre ...