Ares CEO on Earnings, AI Deployment, Private Credit

Ares Chief Executive Officer Michael Arougheti discusses the deployment of artificial intelligence and second-quarter results. "We want to be horizontally diversified across all the different private market asset classes," he tells Bloomberg Television. Arougheti also comments on the state of private equity. "The institutional demand for private credit is probably accelerating right now because they're seeing spreads widening and they're seeing capital leave the market and feel like there's an opportunity to come in and take share," he says.