Apollo Global Management intends to serve as a strategic investment and financing partner for U.K. developer RHAELM Holdings, which is teaming up with Jera, Japan's largest power generator, and Dell Technologies on a venture in Chiba Prefecture. Apollo Global Management is set to provide financing for a $15 billion AI infrastructure project in Japan, accelerating the private asset firm's push into the artificial intelligence sphere. The New York-based company intends to serve as a strategic investment and financing partner for U.K. developer RHAELM Holdings, which is teaming up with Jera, Japan's largest power generator, and Dell Technologies on the venture in Chiba Prefecture, according to a statement on Thursday. The project, aimed at strengthening Japan's domestic AI capacity, is expected to involve more than $15 billion in capital deployed across land, power infrastructure, construction and computing. Operations are slated to start around 2028, and it will be powered by as much as 400 megawatts of electricity with help from Jera's nearby thermal power station.

The European Union (EU) has introduced some of the world's strictest Artificial Intelligence (AI) laws, with firms facing huge fines for breaches. But the US is putting pressure on the Europeans to scale back oversight. Everything you need to know about Brazil's tight presidential race

Moonshot AI launched an internal investigation after researcher Peter Garrigan found its Kimi model could be manipulated to provide biological weapons and assassination instructions.

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