Brookfield Launches $100 Billion AI Infrastructure Program with Nvidia and Kuwait Investment Authority

Brookfield Targets $10 Billion for AI Fund in Nvidia Partnership

Brookfield Asset Management Ltd. is targeting $10 billion of fund commitments for a global artificial-intelligence infrastructure program in partnership with Nvidia Corp. and the Kuwait Investment Authority. New York-based Brookfield said it will anchor the program with the Brookfield Artificial Intelligence Infrastructure Fund, which launches Wednesday. BAIIF has already received $5 billion of capital commitments from institutional and industry partners, including Brookfield, Nvidia and the Kuwait Investment Authority, according to a statement Wednesday.

Brookfield launches $100 billion AI infrastructure program

The program will be anchored by a new Brookfield Artificial Intelligence Infrastructure Fund, which is launching on Wednesday with a target of $10 billion in equity commitments. Brookfield Asset Management said on Wednesday it had launched a $100 billion AI infrastructure program in partnership with Nvidia and Kuwait Investment Authority. The program will be anchored by a new Brookfield Artificial Intelligence Infrastructure Fund, which is launching on Wednesday with a target of $10 billion in equity commitments. The fund has already secured $5 billion from investors including Brookfield, chipmaker Nvidia and KIA. Brookfield is one of the world's largest investors in the AI value chain, with more than 100 billion euros ($115.83 billion) invested across digital infrastructure, renewable power and semiconductor manufacturing worldwide. Investor appetite for AI companies remains robust despite growing warnings of an AI bubble, fueled by soaring valuations and aggressive spending plans.

Brookfield, Nvidia Launch $100 Billion AI Infrastructure Push - Brookfield Asset Mgmt (NYSE:BAM)

Brookfield Asset Management Inc. (NYSE:BAM) announced a sweeping new program on Thursday to build out AI infrastructure globally. The firm says it will back a fund targeting multi-stage investments in power, data centers and compute, driven by a partnership with NVIDIA Corporation (NASDAQ:NVDA) and the Kuwait Investment Authority, or KIA. The initiative is anchored by the newly launched Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), which aims to secure $10 billion in equity commitments yet is targeting up to $100 billion in total asset deployment. Also Read: TJX Cashes In On Treasure-Hunt Shoppers, Sweetens Outlook The $100 billion figure stems from combining the fund's initial equity with additional co-investor contributions and financing, reflecting Brookfield's ambition to dominate the physical backbone of artificial intelligence. Strategic foundations Brookfield says it already manages more than $100 billion in digital infrastructure and clean power assets and sees this next step as a natural extension. "AI is creating one of the largest infrastructure buildouts in history," said Sikander Rashid, Head of AI Infrastructure at Brookfield. In addition to Brookfield, NVIDIA and KIA are founding investors in BAIIF, helping seed the initiative and shape its strategic direction. The fund will invest across four primary verticals: AI factories built on NVIDIA's DSX reference design, behind-the-meter power solutions for data centers, compute infrastructure tailored for enterprises and governments, and adjacent capital partnerships along the AI value chain. BAIIF has already secured roughly $5 billion in commitments from institutional and industry partners. Brookfield also announced a framework agreement with Bloom Energy Corporation (NASDAQ:BE) to install up to 1 GW of behind-the-meter power for AI data centers. The firm noted landmark partnerships underway in France and Sweden that may total up to $30 billion in combined infrastructure commitments. Price Action: BAM shares are trading higher by 0.63% to $50.19 at last check on Thursday. Read Next: Google DeepMind Expands In Singapore To Speed Up Real-World AI Breakthroughs Photo: Shutterstock BAMBrookfield Asset Management Ltd$50.340.92%OverviewBEBloom Energy Corp$109.924.71%NVDANVIDIA Corp$185.502.28%Market News and Data brought to you by Benzinga APIs

Nvidia Joins Forces with Brookfield to Launch a Groundbreaking $100 Billion AI Infrastructure Program | The Motley Fool

Brookfield unveils a bold plan to invest in AI infrastructure. Brookfield Corporation (BN +0.67%) believes AI could become the most impactful general-purpose technology in human history. However, there's a caveat. The technology will require a massive buildout of physical infrastructure to support its adoption. The global investment firm expects total spending on AI-related infrastructure will top $7 trillion over the next decade. The company is at the forefront of capitalizing on this once-in-a-generation opportunity to build out the digital backbone infrastructure of the future. It's launching a $100 billion AI infrastructure program to support the needs of the AI industry. It counts semiconductor giant Nvidia (NVDA +3.06%) among its founding investors in this initiative. Brookfield Asset Management (BAM +0.92%), a leading global alternative investment manager formed by Brookfield Corporation, is launching its first Brookfield AI Infrastructure Fund (BAIF). The investment manager aims to raise $10 billion in equity capital in the fund to invest in backbone AI infrastructure. It plans to invest across the entire spectrum of AI's infrastructure needs, from land and energy to data centers and compute capacity. Brookfield has already secured $5 billion in capital commitments from a select group of leading institutional investors and industry players, including its parent company (Brookfield Corporation), Nvidia, and the Kuwait Investment Authority. The company intends to leverage that equity capital by bringing on co-investors and utilizing prudent financing to acquire up to $100 billion in AI infrastructure assets. Brookfield is uniquely positioned to capitalize on the massive need for AI infrastructure investments, given its expertise across infrastructure (data and energy), renewable power, and providing capital solutions. The company has already invested over $100 billion into digital infrastructure and clean power across its various funds and through its listed affiliates (Brookfield Infrastructure and Brookfield Renewable). Brookfield's initial AI infrastructure fund will focus on investing in the physical infrastructure assets that support the delivery of AI across four core aspects: "AI infrastructure demands land, power, and purpose-built supercomputers," stated Nvidia CEO Jensen Huang in the press release announcing the fund's launch. The company's partnership with Brookfield as a founding investor in the fund "brings all of these elements together in a ready-to-deploy AI cloud," stated Jensen. Brookfield has already secured its first seed investments for the fund. It previously announced plans to invest up to $5 billion to deploy Bloom Energy's (BE +4.10%) advanced fuel cell technology into data centers. This framework agreement could see Bloom Energy install up to 1 gigawatt of these behind-the-meter power solutions at traditional data centers and AI factories. Bloom Energy and Brookfield are collaborating to design and deliver this power technology to AI factories. They're working on potentially deploying this technology to a site in Europe that they hope to announce by the end of this year. Brookfield is also launching Radiant, a new Nvidia cloud partner. This cloud service provider is building an Nvidia GPU cloud based on the semiconductor company's DSX blueprint. That design is fast to deploy, enabling users to quickly start generating revenue. Radiant will provide full-stack AI services to clients, including governments. Brookfield has already signed landmark partnerships with France and Sweden to invest up to $30 billion into AI infrastructure in those countries. Brookfield Corporation sees immense potential in AI. That's leading the global investment firm to lead the charge in building the critical physical infrastructure needed to support this technology. These investments could create a lot of value for the company's clients (including investors like Nvidia) and its shareholders. Brookfield's strategic focus on AI infrastructure and expertise across the value chain makes the company and its affiliates (Brookfield Asset Management, Brookfield Infrastructure, and Brookfield Renewable) some of the most compelling under-the-radar ways to invest in the AI infrastructure boom.

Brookfield launches US$100 billion AI infrastructure program with Nvidia

Brookfield Asset Management launched a US$100 billion artificial intelligence infrastructure program in partnership with Nvidia and Kuwait Investment Authority, the Canadian company said on Wednesday, as demand for computing and energy to support AI applications accelerates. The program will be anchored by a new Brookfield Artificial Intelligence Infrastructure Fund, which is launching on Wednesday with a target of $10 billion in equity commitments. The fund has already secured $5 billion from investors including Brookfield, chipmaker Nvidia and KIA. Brookfield said the fund will acquire up to $100 billion of AI infrastructure assets, including energy, land, data centers and compute capacity, supported by additional co-investor capital and financing. Brookfield is one of the world's largest investors in the AI value chain, with more than 100 billion euros ($115.83 billion) invested across digital infrastructure, renewable power and semiconductor manufacturing worldwide. The surge in AI adoption is fueling demand for massive infrastructure investments, including data centers, high-performance computing and power generation, as companies race to secure capacity for AI workloads. Sikander Rashid, head of AI infrastructure at Brookfield, said that AI is creating "one of the largest infrastructure build outs in history" and will require $7 trillion of capital over the next decade. The fund's initial investments include a $5 billion framework agreement with Bloom Energy to install up to 1 gigawatt of behind-the-meter power solutions for data centers and AI factories. Earlier this year, Brookfield announced plans to invest up to 95 billion Swedish crowns ($10.01 billion) in an AI data center in Sweden and committed 20 billion euros to AI projects in France.

Brookfield launches $10 billion AI infrastructure fund with Nvidia backing - report By Investing.com

Investing.com -- Brookfield Asset Management (NYSE:BAM) is targeting $10 billion in equity for its new artificial intelligence infrastructure fund, according to a Wall Street Journal report on Wednesday. The Canadian investment firm has already secured $5 billion from several investors, including Nvidia (NASDAQ:NVDA), Kuwait Investment Authority (KIA), and contributions from Brookfield's own balance sheet. Brookfield plans to leverage this capital along with additional co-investments and debt to build and acquire up to $100 billion worth of AI infrastructure assets. This new strategy represents Brookfield's focused entry into the growing market for infrastructure supporting artificial intelligence technologies. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.