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US investing giant’s deal is latest Wall Street bet that Gulf capital remains crucial part of global finance. Apollo Global Management is taking a stake in Mubadala Capital, the alternative-asset management arm of the Abu Dhabi sovereign wealth fund Mubadala, and will put additional capital into its investment strategi
SoftBank Group Corp. is sounding out Gulf investors about raising as much as $100 billion for a new investment vehicle focused on artificial intelligence, even as questions mount over its growing exposure to OpenAI and the financing needed to sustain its AI ambitions. Founder Masayoshi Son has contacted senior figures