Brookfield CEO: DeepSeek's Progress Drives Demand for Data Center Capacity
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DeepSeek means more data centre capacity needed, Brookfield says
The progress made by Chinese startup DeepSeek means that more data centre capacity is needed to handle the growing artificial intelligence workload, according to Brookfield Corp.'s Bruce Flatt. As the costs of running AI comes down, "more use cases come about and that's what's going to happen in the next 10 years," the investment firm's chief executive officer told Bloomberg TV in an interview in London on Wednesday. Brookfield is investing tens of billions of dollars in data centers and other AI infrastructure, on the expectation that tools built by the likes of DeepSeek and OpenAI will be adopted throughout the global economy. Flatt, who has run Brookfield for more than two decades, said the firm's credit arm, which manages more than $300 billion, is another area of growth and could "quadruple over the longer term." "Once in a while we buy something, but we grow methodically" in this space, Flatt added. Asked whether Brookfield was considering buying the minority stake in credit specialist Oaktree Capital Management it doesn't already own, Flatt said Brookfield was "pretty happy" with the current partner-manager model. Speaking on the economy more broadly, Flatt said "if I had to pick a spot where more capital will go over the next 18 months, it's probably in the United States."
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DeepSeek Means More Data Center Capacity Needed, Brookfield Says
The progress made by Chinese startup DeepSeek means that more data center capacity is needed to handle the growing artificial intelligence workload, according to Brookfield Corp.'s Bruce Flatt. As the costs of running AI comes down, "more use cases come about and that's what's going to happen in the next 10 years," the investment firm's chief executive officer told Bloomberg TV in an interview in London on Wednesday.
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DeepSeek Spurs Investment in Data Centers, Says Brookfield's Flatt
Brookfield Asset Management CEO Bruce Flatt says the success of Chinese startup DeepSeek means more data center capacity will be needed to handle the growing artificial intelligence workload. He says the firm is investing billions of dollars in data center and other AI infrastructure. He speaks to Bloomberg's Francine Lacqua in London. (Source: Bloomberg)
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Brookfield Corp.'s CEO Bruce Flatt highlights the impact of Chinese AI startup DeepSeek on data center demand and discusses the company's investment strategy in AI infrastructure.
DeepSeek's Impact on Data Center Demand
Brookfield Corp.'s CEO Bruce Flatt has highlighted the significant impact of Chinese AI startup DeepSeek on the growing demand for data center capacity. In a recent interview with Bloomberg TV in London, Flatt emphasized that the progress made by DeepSeek is driving the need for increased data center capacity to handle the expanding artificial intelligence workload
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.AI Cost Reduction and Future Use Cases
Flatt pointed out a crucial trend in the AI industry: as the costs of running AI decrease, more use cases are emerging. He predicted that this trend would continue over the next decade, stating, "more use cases come about and that's what's going to happen in the next 10 years"
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. This observation underscores the potential for AI to become increasingly integrated into various sectors of the global economy.Brookfield's Investment Strategy in AI Infrastructure
In response to the growing AI market, Brookfield is making substantial investments in data centers and other AI infrastructure. The company is committing tens of billions of dollars to this sector, anticipating widespread adoption of tools developed by companies like DeepSeek and OpenAI across the global economy
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. This investment strategy reflects Brookfield's confidence in the long-term growth and importance of AI technologies.Brookfield's Credit Arm and Growth Potential
During the interview, Flatt also discussed Brookfield's credit arm, which currently manages over $300 billion. He expressed optimism about its growth potential, suggesting that it could "quadruple over the longer term"
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. This projection indicates Brookfield's diversified approach to investment and its recognition of opportunities beyond the AI and data center sectors.Related Stories
Economic Outlook and Investment Focus
Commenting on the broader economic landscape, Flatt shared his perspective on future investment trends. He stated, "if I had to pick a spot where more capital will go over the next 18 months, it's probably in the United States"
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. This insight provides a glimpse into Brookfield's strategic thinking and its assessment of global investment opportunities.Brookfield's Approach to Acquisitions and Partnerships
When asked about potential acquisitions, particularly regarding the minority stake in credit specialist Oaktree Capital Management, Flatt indicated satisfaction with the current partnership model. He noted that while Brookfield occasionally makes acquisitions, their growth in this space is typically methodical
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. This approach suggests a careful and considered strategy for expansion and partnerships.References
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