Chipmaker Nvidia, the Kuwait Investment Authority and Brookfield itself are among the backers that have put ​​US$5 billion toward the fund so far. Brookfield is also launching its own AI cloud computing service called Radiant. It will use Nvidia processors as well as the data centres, land and power Brookfield already owns. (The Logic)

Talking point: It’s a sizable push even for an investing giant like Brookfield, which said that it has US$100 billion in existing investments in digital infrastructure and clean power, and plans to acquire as much as US$100 billion of AI infrastructure assets as well. Radiant will “build AI factories,” said the company, which is already working to build up to US$30 billion in sovereign cloud infrastructure for France and Sweden. Ahead of Nvidia’s highly anticipated earnings and investor anxiety around a potential AI bubble, Brookfield’s press release said it will prioritize investments by “highly creditworthy” parties.