According to The Wall Street Journal, Apollo Global Management deployed a record $114 billion into new assets during the third quarter ended September, representing a 52% increase from $75 billion in the same period last year. Of this total, new debt investments accounted for $98 billion, or 86%. The new investment figure refers to capital deployed into new assets rather than the company's current revenue; Apollo's revenue declined and it recorded a net loss for the same period. The company stated that it increasingly sees opportunities to provide financing for the expansion of industries such as artificial intelligence.