APO News & Events

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.AI BOOM:Shares of Dell Technologiesjumped on Friday after the company posted a sharply better than expected quarter and issued a major revenue outlook increase driven by accelerating demand for AI infrastructure. Dell said late Thursday it now expects $167B in revenue for fiscal 2027, up from a prior forecast of about $140B. The new outlook includes an estimated $60B in AI server sales alone, far above analysts' average estimate of $142.1B for total revenue.Results for the quarter also exceeded expectations by a wide margin. Q1 revenue rose 88% year-over-year to $43.8B, compared with analyst estimates of $35.5B. The company reported $24.4B in AI orders, $16.1B in AI server revenue, and ended the quarter with a $51.3B backlog of AI server orders."This is what an AI supercycle looks like," Evercore ISI analyst Amit Daryanani wrote in a research note. The stock's rally — up 32% on Friday — puts Dell on track for its best single trading day since returning to the public markets in 2018.ANTHROPIC DEBT DEAL:Apollo Globaland Blackstoneare aiming to bring extra investors into a roughly $36B debt financing deal to help Anthropic develop its AI infrastructure, Bloomberg's Paula Seligson, Scott Carpenter, and Silas Brown. The debt will be used to buy Google'scustom TPU chips, which the Claude maker will then lease, the authors say, citing people with knowledge of the matter. Broadcom, which helps Google make the chips, is backstopping payments on the biggest portion of the transaction, the authors note.ENTERPRISE AI UNIT:Metais creating an Enterprise Solutions unit that embeds engineers and product managers directly with large corporate customers to accelerate adoption and deployment of its AI tools, The Information's Jyoti Mann.

Apollo Global (APO) and Blackstone (BX) are aiming to bring extra investors into a roughly $36B debt financing deal to help Anthropic develop its AI infrastructure, Bloomberg's Paula Seligson, Scott Carpenter, and Silas Brown report. The debt will be used to buy Google's (GOOGL) custom TPU chips, which the Claude maker will then lease, the authors say, citing people with knowledge of the matter. Broadcom (AVGO), which helps Google make the chips, is backstopping payments on the biggest portion of the transaction, the authors note.

The recently announced AI-native enterprise services firm led by Anthropic, Blackstone, Hellman & Friedman, and others to help mid-size companies bring Claude into their core operations, today announced the acquisition of Fractional AI, a leading applied AI services company based in San Francisco. Fractional AI's team and delivery capabilities will serve as the founding operational centerpiece of the new company. Fractional AI was founded in 2024 by Chris Taylor, Eddie Siegel, and Travis May, and has quickly become a top destination for the industry's best applied AI engineers. Built by a team with deep entrepreneurial and technical experience, Fractional AI has evolved into one of the go-to end-to-end AI implementation partners for enterprises. The team is world class at helping businesses across industries understand where AI fits, and how to choose and implement the right technologies for specific teams and functions. Fractional AI's engineering team will work with Anthropic's Applied AI organization from day one, enabling collaboration and close technical alignment to guide clients' AI transformation. The new AI-native enterprise services company is backed by a consortium of leading alternative asset managers including Goldman Sachs, General Atlantic, Leonard Green & Partners, Apollo Global Management, GIC, and Sequoia Capital. Terms of the Fractional AI acquisition were not disclosed.