Brookfield Asset Management has announced the launch of a $100 billion global AI infrastructure program in partnership with Nvidia and the Kuwait Investment Authority. The Brookfield Artificial Intelligence Infrastructure Fund (BAIIF) has already received $5 billion of capital commitments from institutional and industry partners, including Brookfield, Nvidia, and KIA. The fund has a target of $10 billion of equity commitments.
Brookfield has already invested over $100 billion in digital infrastructure and clean power, making it one of the world's leading owners and operators of AI infrastructure assets. The company aims to acquire up to $100 billion of AI infrastructure assets, deploying investment across every stage of the value chain.
The AI infrastructure program will require $7 trillion of capital in the next 10 years across the entire AI value chain, including power, compute, data centers, and beyond. Brookfield's dedicated AI program, in partnership with Nvidia and others, aims to deliver this infrastructure at speed, at scale, and to the highest standard for enterprises, technology firms, and sovereign governments.
The fund will focus on investing in physical infrastructure assets across four verticals: AI factories primarily built on Nvidia's DSX Vera Rubin-ready reference design, dedicated behind-the-meter power solutions, compute infrastructure, and strategic adjacencies and capital partnerships across the entire AI value chain. It will prioritize investments backed by highly creditworthy counterparties and contracted cash flows.
Brookfield recently secured a seed AI infrastructure investment for the fund with a $5 billion framework agreement with Bloom Energy to install up to 1 GW of behind-the-meter power solutions for data centers and AI factories. Additionally, Brookfield is launching Radiant, a new Nvidia cloud partner, to provide full-stack AI services leveraging Brookfield's access to scaled infrastructure, including land, power, and data centers around the world.
The company has also announced landmark partnerships in France and Sweden to support their national AI ambitions with up to $30 billion of combined AI infrastructure investment.
Brookfield's CEO stated that AI infrastructure demands land, power, and purpose-built supercomputers, and their partnership with Nvidia brings all of these elements together in a ready-to-deploy AI cloud.
Jensen Huang, founder and CEO of Nvidia, emphasized that AI is transforming every industry and, like electricity, will require every nation to build the infrastructure to power it. He expressed excitement about Radiant, Brookfield's AI cloud service, building an Nvidia GPU cloud based on the Nvidia DSX blueprint to deliver Vera Rubin-ready AI infrastructure.
Brookfield Asset Management Ltd. is a leading global alternative asset manager with over $1 trillion of assets under management across infrastructure, renewable power and transition, private equity, real estate, and credit. They invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. As a result of these announcements, the company's shares have moved 0.95% on the market, and are now trading at a price of $49.88. If you want to know more, read the company's complete 8-K report here.
