Ares CEO Says It’s Avoiding Backing AI Chips, Citing Complexity

Ares Management Corp. is not financing deals to back artificial intelligence chips and instead is investing in the data centers that house them, according to the company. The shift reflects a preference for backing the infrastructure that contains the chips rather than the chips themselves. Ares cited the complexity of the chip market as a factor in its decision.

• Bloomberg — Ares CEO Says It’s Avoiding Backing AI Chips, Citing Complexity

Next story