What happened
Apollo has launched investments in artificial intelligence and related hardware startups, according to market reports.
In Mercor's latest funding round, which raised capital at a $20 billion valuation, Apollo's contribution was at the low end of a $1 million to $10 million range.
Apollo has also invested in SiFive and Hadrian.
Why it matters
The move signals that a major investment firm is extending its reach into AI and the hardware layer that supports it, rather than focusing on software alone.
Apollo's relatively small check in Mercor's round suggests it may be testing its approach before committing larger sums.
Its interest in chip and hardware names such as SiFive and Hadrian points to a bet on the physical infrastructure behind AI workloads.
Key facts
Apollo has started investing in AI and related hardware startups.
Apollo participated in Mercor's latest funding round at a $20 billion valuation.
Apollo's investment in that round was at the low end of the $1 million to $10 million range.
Apollo has also invested in SiFive and Hadrian.
What to watch next
Whether Apollo increases its check sizes in future AI-related rounds or keeps them at the lower end of the range.
Whether the firm broadens its AI and hardware portfolio beyond the companies named so far.
How the reported Mercor valuation and Apollo's stake are followed up in subsequent funding news.
