Apollo's Zelter on AI Capex, 'Higher for a While' Rates

Apollo Global Management President Jim Zelter discusses the firm's partnerships with the New York Yankees and Nvidia, the "unprecedented" scale of the AI capex markets, and why he believes "rates are going to be higher for a while." He speaks on "Bloomberg Surveillance." Video Transcript 00:00 Speaker A Apollo Global Management President Jim Zelter saying in the company's most recent earnings call, quote, the sheer size of the AI infrastructure buildout is unprecedented. We see an enormous opportunity for private capital to finance a portion of this along with public capital. Jim joins us now for more. Jim, welcome. It's good to see you. 00:24 Jim Zelter Morning, good to see you. 00:25 Speaker A No days off for Apollo. What an August you just had.