Brookfield (BAM) announced the launch of a $100B global AI Infrastructure program in partnership with NVIDIA (NVDA) and the Kuwait Investment Authority, KIA. Brookfield will anchor the program with the Brookfield Artificial Intelligence Infrastructure Fund, which launches with a target of $10 billion of equity commitments to invest in the backbone of artificial intelligence. BAIIF has already received $5 billion of capital commitments from a select group of institutional and industry partners, including Brookfield, NVIDIA and KIA. BAIIF, together with additional capital from its co-investors and prudent financing, will acquire up to $100 billion of AI infrastructure assets, deploying investment across every stage of the value chain-from energy and land to data centers and compute.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAM:
- Brookfield Asset is raising $10B in infrastructure for AI, WSJ reports
- Brookfield Asset Management (BAM) Seeks $10B for AI Infrastructure Fund, Gains Support from Nvidia, KIA
- Brookfield Completes $1 Billion Senior Notes Issuance
- Lone Pine buys Broadcom, exits Intuit in Q3
- Brookfield Asset Management Prices $1 Billion in Senior Notes