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Stock impact report

Brookfield partners with Nvidia and KIA on $10-billion AI infrastructure fund [Globe and Mail, The (Toronto, Canada)]

Brookfield Corporation Class A Limited Voting Shares (BN) 
partners, including the Kuwait Investment Authority (KIA) and Nvidia, the world's most valuable company. Brookfield launches its first private equity fund tailored to individual investors in Canada In recent months, Brookfield told investors it ultimately has plans to invest US$200-billion in “AI factories” in North America, Europe and Britain. Chief executive officer Bruce Flatt has said that is likely “just the beginning,” and that AI infrastructure could be Brookfield's biggest business within a decade. Brookfield already manages more than US$1-trillion of assets, including more than US$100-billion invested in renewable energy and digital infrastructure. The first deal under the new strategy was announced in October, when Brookfield agreed to invest up to US$5-billion to deploy fuel cells built by Silicon Valley-based Bloom Energy Corp. that could help run power-hungry data centres. “AI is creating one of the largest infrastructure buildouts in history, comparable to the Show less Read more
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