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Brookfield Asset Management’s new AI fund will work with the sovereign wealth fund’s Qai arm to build a compute centre in Qatar. The two companies also plan to make deals in other countries. (The Logic)
Talking point: Brookfield is in the midst of raising US$100 billion for its new fund, to build data centres, power generation facilities and other infrastructure and to back firms in the AI supply chain. The Kuwait Investment Authority and Nvidia have already committed capital. Qatar’s Qai is the latest in a string of state-backed Middle Eastern firms pursuing AI opportunities as regional governments try to diversify away from resource revenues. It joins Abu Dhabi’s G42 and Saudi Arabia’s Humain.
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