Dec. 31 at 5:08 PM
Brookfield is launching a cloud business that will lease AI chips in data centers directly to AI developers, according to The Information. The initiative is tied to a
$10 billion AI fund and a new cloud company called Radiant, which Brookfield will operate.
Radiant will have priority access to data centers developed under the fund, with projects underway in France, Qatar, and Sweden. Separately, Brookfield recently launched a
$100 billion AI infrastructure program, with half of its
$10 billion funding target already secured from institutional and industry partners.
By adding a cloud business to its energy and real estate-focused portfolio, Brookfield aims to gain end-to-end control of the AI value chain—an advantage pure-play cloud providers lack. This move could increase pressure on traditional cloud giants already struggling to generate strong returns on heavy capital spending.
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