The present technology relates to an information processing apparatus and an information processing method that enable construction of preference information of many users without special communication. In an information processing apparatus for managing content to be delivered to a plurality of other information processing apparatuses via a network, content information of content delivered in response to a request to a plurality of the other information processing apparatuses is acquired by an acquisition unit, and interest information of a plurality of the other information processing apparatuses is constructed by a construction unit on the basis of the acquired content information. The present technology is applicable to, in one example, a delivery system that delivers content from a server to terminal device via a network.