Apollo Global Management named a new leader to head artificial intelligence-related deals, The Information reported Wednesday (Aug. 5). Apollo and other major asset managers are aiming to capture more business from the massive financing required to fund AI infrastructure build-out, per the report. Rayman is focused on sourcing deals supported by semiconductors and their lease payments, rather than financing other aspects of AI infrastructure like data centers. “They are buying them to keep the customer relationships already in place, then rebuild the actual work behind those relationships with proprietary artificial intelligence. For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.