Brookfield, Nvidia, and other partners will invest up to $100 billion in AI

The Kuwait Investment Authority (KIA) and Nvidia have formed an inaugural fund to raise $10 billion, and the Canadian company Brookfield Asset Management stated on Wednesday that it will spend up to $100 billion in artificial intelligence (AI) infrastructure.

The program will be launched through the Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), with a target of raising $10 billion in committed capital, of which Brookfield, Nvidia, KIA, and other partners have already contributed $5 billion, according to a statement from the fund manager.

With a goal of investing up to $100 billion, the BAIIF will make investments in AI infrastructure assets along the whole value chain, from energy and land to data centers and computing capacity.

According to the Canadian news, Brookfield has already signed deals to assist its AI initiatives in the UK, France, and Sweden, though the locations were not mentioned. The company also expects to invest in North America.

In today’s press release, Brookfield’s head of AI infrastructure, Sikander Rashid, said, «AI is creating one of the largest infrastructure deployments in history, comparable to the formation of the modern electrical grid and global telecommunications, but at a much faster pace and scale.»