Brookfield, Nvidia, and Kuwait Investment Authority have launched a $100 billion AI infrastructure fund

Brookfield Asset Management, in partnership with Nvidia and the Kuwait Investment Authority (KIA), has unveiled an ambitious $100 billion global artificial intelligence (AI) infrastructure initiative aimed at building and acquiring assets critical to the AI value chain. The initiative is anchored by the Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), which is launching this week and is targeting $10 billion in equity commitments from institutional and industry partners. So far, the fund has secured $5 billion in commitments, including significant contributions from Brookfield itself, Nvidia, and KIA. Brookfield launches BIIAF to build AI infrastructure at scale Brookfield, a global asset management company sitting on about $1 trillion worth of assets, has partnered with Nvidia, a key player in the AI chipmaking market, and the KIA sovereign wealth fund to launch the BAIIF . The initiative came about as a result of the frenzied demand driven by increased AI adoption across industries,...

https://www.cryptopolitan.com/brookfield-nvidia-kuwait-investment/