Discussions at a recent dinner hosted by top bankers at Morgan Stanley in New York revolved around the financial opportunities presented by the current excitement surrounding artificial intelligence.

The event attracted representatives from prominent private capital firms such as Apollo Global Management, Ares Management, Blackstone, HPS Investment Partners, KKR, and Oaktree Capital.

These firms are increasingly seen as strong competitors to traditional Wall Street banks, particularly in the field of corporate finance. The growing interest in AI is prompting these investment giants to explore new avenues for profit, indicating a potential shift in the financial landscape as they take advantage of the ongoing AI hype.