Ares CEO Says It’s Avoiding Backing AI Chips, Citing Complexity
Ares Management Corp. is avoiding financing deals to back the high-powered processing units that run sophisticated AI models, opting to invest in the data centers that house them instead.
By Amanda Cantrell and Laura Benitez · Bloomberg Markets
Ares Management Corp. is avoiding financing deals to back the high-powered processing units that run sophisticated AI models, opting to invest in the data centers that house them instead.