Apollo has grown bearish on technology companies vulnerable to AI, betting against the loans of companies including Internet Brands, SonicWall, and Perforce, Antoine Gara, Jill Shah, Amelia Pollard, Kate Duguid, Eric Platt, and Robert Smith of The Financial Times reports. Apollo believes AI is a threat to enterprise software companies, since the technology can automate many products for coders, customer service representatives, and workers performing certain financial tasks.
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