Brookfield Asset Management has announced a new $10 billion fund focused on artificial intelligence infrastructure, with early backing from Nvidia and the Kuwait Investment Authority (KIA). The firm has already secured $5 billion toward the goal, with contributions from these partners and Brookfield's own balance sheet.
Brookfield plans to leverage this equity, combined with co-investments and debt financing, to deploy up to $100 billion in AI infrastructure development. The fund will target the entire AI value chain, including data centers, power providers, and chip manufacturing facilities, with most capital directed toward construction on undeveloped land to scale AI capacity.
Early deployments include a $5 billion agreement with Bloom Energy in October for installing power systems in data centers, along with partnerships with France and Sweden to build secure government AI infrastructure. Nvidia CEO Jensen Huang endorsed the effort, stating in an email that the partnership integrates land, power, and purpose-built supercomputers into a ready-to-deploy cloud ecosystem.
Brookfield, which manages over $1 trillion in assets, has previously invested more than $100 billion in digital infrastructure, renewable power, and semiconductor manufacturing. The company estimates that $7 trillion will be needed over the next decade for global AI infrastructure, aiming to capture a significant share of this spending. However, Brookfield's stock performance has lagged, with year-to-date returns of -6.51% compared to the S&P/TSX Composite's +22.00% as of November 18, 2025, amid broader concerns about an AI bubble.
