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.
Get updates to this developing story directly on Stocktwits.<
