Brookfield has launched a $100bn (€86.3bn) global artificial intelligence (AI) infrastructure investment programme in partnership with technology firm NVIDIA and the Kuwait Investment Authority (KIA).
The programme is being anchored by the Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), which has secured $5bn in commitments from institutional and industry partners, including Brookfield, NVIDIA and KIA. Brookfield is aiming to raise $10bn for the fund.
Brookfield said BAIIF, alongside additional co-investor capital and financing, will acquire up to $100bn of AI infrastructure assets, investing “across every stage of the value chain”, from energy and land to data centres and compute.
BAIIF, which will focus on investing in physical infrastructure assets, secured a seed investment via a $5bn partnership with Bloom Energy to install clean, onsite fuel cells across Brookfield’s worldwide AI data centre assets.
Sikander Rashid, head of AI infrastructure at Brookfield, said: “AI is creating one of the largest infrastructure buildouts in history, comparable to the formation of the modern power grid and global telecom networks, but unfolding at a far greater pace and significantly larger scale.
“This buildout will require $7trn of capital in the next 10 years across the entire AI value chain including power, compute, data centres and beyond. We are thrilled to formally launch our dedicated AI programme in partnership with NVIDIA and others to deliver this infrastructure at speed, at scale and to the highest standard for enterprises, technology firms and sovereign governments.”
Brookfield said it is launching Radiant, a new NVIDIA Cloud Partner, to offer AI services by utilising Brookfield’s existing global infrastructure, which includes land, power and data centres.
Brookfield has also announced partnerships in France and Sweden to support the countries’ AI ambitions with up to $30bn of combined AI Infrastructure investment.
Jensen Huang, founder and CEO of NVIDIA, said: “AI infrastructure demands land, power and purpose-built supercomputers – and our partnership with Brookfield brings all of these elements together in a ready-to-deploy AI cloud.
“We’re thrilled that Radiant, Brookfield’s AI cloud service, is building an NVIDIA GPU cloud based on the NVIDIA DSX blueprint to deliver Vera Rubin–ready AI infrastructure – fast to deploy and designed to scale with the world’s growing intelligence needs.”
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