Apollo's Rowan Says AI Will Lead to Biggest Need for Capital Ever

Marc Rowan, CEO of Apollo Global Management, declared AI will drive the largest capital demand in history during a March 2026 Bloomberg Invest interview. Rowan emphasized Apollo’s private equity portfolio currently holds no software investments, signaling a strategic gap amid AI’s rapid growth. The discussion with Bloomberg’s Editor-in-Chief John Micklethwait highlighted AI’s unprecedented financial requirements, surpassing prior tech booms. Apollo’s stance contrasts with broader market trends, where AI infrastructure and development are attracting massive private and public funding. Rowan’s remarks underscore AI’s transformative economic impact, positioning it as the dominant force reshaping global capital allocation.