Brookfield-Led JV Kicks Off $100B Global AI Program
Concurrently, the company launched a $10 billion AI infrastructure fund.
Brookfield Asset Management, in partnership with NVIDIA and the Kuwait Investment Authority, has launched a $100 billion investment program for global AI Infrastructure.
Brookfield will serve as the primary backer of the program through its Brookfield Artificial Intelligence Infrastructure Fund. The investment vehicle has a $10 billion target in equity commitments and has already received $5 billion from various institutional and industry partners and investors.
BAIIF is set to acquire up to $100 billion in AI assets, ranging from energy, land acquisitions and data center properties. The fund will be used for physical assets powering AI through four key segments: NVIDIA-powered AI factories; dedicated power solutions, compute infrastructure for government and global enterprises and strategic partnerships across the AI value chain. Investments through BAIIF will be backed by creditworthy partners and secured cash flow.
READ ALSO: Are Your Data Centers Ready for the Future?
Brookfield secured a seed AI infrastructure investment on behalf of the fund through a $5 billion framework agreement with Bloom Energy. The deal includes up to 1 gigawatt in behind-the-meter power for data centers and the upcoming AI factories.
The firm is also launching a new NVIDIA Cloud Partner, Radiant, that will offer full-stack AI services through Brookfield’s global land, power and data center platform. Radiant will deploy NVIDIA DSX-based AI factories while also supporting Brookfield’s Sovereign AI programs.
The news came shortly after Brookfield-owned Centersquare purchased two data centers in Santa Clara, Calif. The properties, previously operated by Cyxtera, are within the firm’s Silicon Valley campuses that provide 129.4 megawatts of power.
To date, Brookfield has invested more than $100 billion in digital infrastructure and clean power. Apart from the recently established AI global program and fund, the company formed partnerships in France and Sweden, totaling as much as $30 billion, to drive national AI infrastructure development.
AI boom fuels data center expansion
Despite capacity constraints and energy sourcing challenges, the data center industry remained the investment focus in the country, with the AI’s rapid growth as one of the key factors. The interest will likely grow alongside the surge in data center demand, as tech advancement is not slowing down.
Recent industry moves include the current administration’s $80 billion partnership with Westinghouse Electric Co., Brookfield Asset Management and Cameco Corp. To help meet the rising power demand, the partnership will build nuclear reactors for data centers across the U.S.
Also Google will spend $40 billion through 2027 in Texas, for cloud and AI infrastructure. Plans include the addition of three new data center campuses across the state.
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