Canada’s Brookfield Asset Management (BAM) is launching a new $100 billion artificial intelligence (AI) infrastructure fund in partnership with Nvidia (NVDA) and the Kuwait Investment Authority.
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Brookfield, an alternative asset manager, said the program is being launched as demand for computing and energy to support AI applications and models accelerates worldwide. The fund has already secured $5 billion from Nvidia and the Kuwait Investment Authority.
Data Centers and Energy
Brookfield said the fund will eventually have up to $100 billion that will be invested across an array of AI infrastructure, including energy, land, data centers, and computing capacity. Brookfield is one of the world’s largest investors in AI infrastructure with more than $115 billion committed across digital infrastructure, renewable power, and semiconductor manufacturing.
The surge in AI adoption is fueling demand for massive infrastructure investments by hyperscalers such as Nvidia, Microsoft (MSFT), and others. The money is primarily being spent on data centers, high-performance computing, and power generation that runs AI workloads.
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