US EditionPublished • loading... • Updated
Brookfield, Nvidia Launch $100 Billion AI Infrastructure Push - Brookfield Asset Mgmt (NYSE:BAM)
Brookfield aims to raise $10 billion equity to build AI infrastructure with Nvidia and KIA, targeting $100 billion in assets including AI factories and behind-the-meter power.
- On Thursday, Brookfield Asset Management Inc. announced the Brookfield Artificial Intelligence Infrastructure Fund , aiming to raise $10 billion with $5 billion in commitments from NVIDIA Corporation and the Kuwait Investment Authority.
- Brookfield Corporation said AI could become the most impactful technology, requiring massive physical buildout, and it already manages more than $100 billion in digital infrastructure and clean power assets.
- The fund will focus on four verticals including AI factories on NVIDIA's DSX reference design, behind-the-meter power with Bloom Energy Corporation's 1 GW plan, and launching Radiant for NVIDIA GPU cloud services.
- Market reaction showed Brookfield shares rose 0.63% on Thursday as BAIIF aims to acquire up to $100 billion in assets with co-investors and financing.
- Observers note a circularity as NVIDIA Corporation invests capital funding projects using its GPUs; Brookfield said it aims to deploy this technology at a Europe site announced this year, while NVIDIA stated `AI infrastructure demands land, power, and purpose-built supercomputers`.
Insights by Ground AI
12 Articles
12 Articles
Brookfield Targets $10 Billion for AI Fund in Nvidia Pact
(Bloomberg) — Brookfield Asset Management Ltd. is targeting $10 billion of fund commitments for a global artificial-intelligence infrastructure program in partnership with Nvidia Corp. and the Kuwait Investment Authority.
·Canada
Read Full Article
Coverage Details
Total News Sources12
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
To view factuality data please Upgrade to Premium
