Home / Business and Economy / Brookfield Launches $10B Cloud Venture for AI
Brookfield Launches $10B Cloud Venture for AI
1 Jan
Summary
- Brookfield is starting its own cloud business to lease AI chips.
- This venture is tied to a new $10 billion AI fund and Radiant cloud company.
- The fund is developing data centers in France, Qatar, and Sweden.
Brookfield is establishing its own cloud business to offer artificial intelligence chips directly to AI developers. This strategic move is linked to a new $10 billion AI fund and a dedicated cloud company named Radiant, which Brookfield will operate. Radiant will gain priority access to data centers developed under the fund, with projects underway in France, Qatar, and Sweden.
This expansion follows Brookfield's November launch of a $100 billion AI infrastructure program. The $10 billion AI fund within this program has already secured commitments from institutional partners, including Nvidia and the Kuwait Investment Authority. This integrated approach allows Brookfield to control key aspects of the AI value chain.
The burgeoning demand for AI-linked capital expenditures has raised concerns about industrial constraints and pressure on public utilities. By combining its cloud business with its existing energy and real estate portfolio, Brookfield aims to achieve a level of input control not readily available to pure-play cloud providers, potentially influencing market dynamics for established giants.
