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Brookfield Asset Management is partnering with Nvidia and the Kuwait Investment Authority to make a significant investment in global AI infrastructure.
The Brookfield Artificial Intelligence Infrastructure Fund is looking to raise $10B in equity commitments and acquire as much as $100B in AI-related assets.
“AI infrastructure demands land, power, and purpose-built supercomputers — and our partnership with Brookfield brings all of these elements together in a ready-to-deploy AI cloud,” Nvidia founder and CEO Jensen Huang said in a press release.
BAIIF will focus on physical infrastructure, including data centers and AI factories using Nvidia’s DSX Vera Rubin-ready reference design. Additionally, the fund will devote capital to building from the ground up on undeveloped land. It hasn’t disclosed where these locations might be.
The fund has already raised $5B. This investment was used in a deal with Silicon Valley-based Bloom Energy to provide 1 gigawatt of power solutions for AI factories and data centers.
The build-out of AI over the next decade will require $7T in capital across data centers, power, compute and more, Brookfield predicts, as the sector continues to try to meet power and capacity demands.
“AI is creating one of the largest infrastructure buildouts in history, comparable to the formation of the modern power grid and global telecom networks, but unfolding at a far greater pace and significantly larger scale,” Brookfield head of AI Infrastructure Sikander Rashid said in the release.
Brookfield already owns $100B in digital infrastructure and clean power. At the end of October it signed an agreement with the Trump administration to help develop at least $80B in new nuclear reactor projects across the U.S.
At the time, Brookfield President Connor Teskey said the firm hopes to double its investment in AI infrastructure to more than $1T in the next decade.
CBRE recently announced its own AI infrastructure expansion, spending $1B to buy Pearce Services, a data center and infrastructure service provider.
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