Apollo Is Screening All Software Investments for AI Threat Risk

Apollo Global Management Inc. is assessing every new investment opportunity in the software industry for AI disruption risk, as asset managers try to quell investor concerns that rapid advances in the technology could make businesses obsolete.

Rob Bittencourt, head of thematic investing at the firm, said the firm developed a new framework for assessing risk last year, dividing software into 12 to 14 categories, and ranking them by susceptibility to AI disruption.

“We also went through our existing portfolio and overlaid that framework on top of our existing portfolio last year to determine where we might want to move ...