Chief financial officer Nicholas Goodman said on an earnings call that the investment giant is retaining its historical strategy of “taking on moderate amounts of risk” in its recent deals, such as joining Nvidia’s US$500 billion funding consortium. While the conglomerate’s net income dropped 33 per cent during the second quarter, the net income attributable to shareholders rose nearly 34 per cent. (The Logic)

Talking point: CEO Bruce Flatt said Brookfield Corp.’s focus on providing credit, energy and real estate for AI data centres is generating the most compelling opportunities he’s seen “in years.” Nvidia’s recent announcement resurfaced concerns about whether AI financing agreements resemble circular deals made during the dot-com bubble, when investors reinforced each other’s valuations through a web of financing relationships. Goodman and Flatt reassured analysts on the call that Brookfield’s business is diversified. Flatt touted the company’s purchase of credit manager Oaktree and its plans to offer private company investments for retirement portfolios, providing exposure to companies that have delayed going public.  

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