Brookfield, Nvidia, KIA Launch $100 Billion AI Infrastructure Program

The program will back a multibillion-dollar fund dedicated to powering the next generation of artificial intelligence systems.

• Brookfield aims to deploy up to $100 billion into AI infrastructure.
• The asset management firm is partnering with Nvidia and the Kuwait Investment Authority.

Brookfield Asset Management (BAM) announced on Wednesday a sweeping $100 billion initiative to build out AI infrastructure on a global scale, partnering with Nvidia Inc. (NVDA) and the Kuwait Investment Authority. 

The program will back a multibillion-dollar fund dedicated to powering the next generation of artificial intelligence systems.

Major Fund Launch 

The firm is launching the Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), a vehicle targeting $10 billion in equity commitments. The fund has already secured around $5 billion from its anchor investors, including Brookfield, Nvidia, and KIA. 

Combining the fund’s equity with co-investments and debt financing, Brookfield aims to deploy up to $100 billion into AI infrastructure. 

Brookfield Asset Management’s stock inched 0.7% higher in Wednesday’s premarket. 

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