Brookfield Asset (BAM) is launching a strategy aimed at investing in infrastructure for AI, with Nvidia (NVDA) and Kuwait Investment planning to invest in the inaugural fund as founding partners, Miriam Gottfried of The Wall Street Journal reports. Brookfield is targeting $10B in equity for its new fund and has already raised $5B of that from investors. The company intends to use the money, along with additional co-investments and debt, to construct and acquire a maximum of $100B worth of AI infrastructure.
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