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Brookfield Asset Management has merged London-based Ori Industries—a Saudi Aramco-backed startup—with Radiant, an AI infrastructure company Brookfield announced in November. The companies did not disclose the terms of the deal. (The Logic)
Talking point: Ori lets customers get on-demand access to AI computing power without having to buy the hardware. Brookfield is betting long-term customer contracts will protect its returns, even as some investors worry the chips used to train and run AI models could lose value over time. Brookfield made the acquisition through the Brookfield Artificial Intelligence Infrastructure Fund, a US$10-billion investment vehicle it launched in November to finance “the backbone of artificial intelligence.” The firm said Radiant will offer AI compute infrastructure to sovereign governments and large companies.
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