In a letter to investors, Brookfield Asset Management CEO Bruce Flatt and president Connor Teskey said they see a “significant pipeline of opportunities” in the AI boom and are launching a “dedicated strategy” that will use the company’s strength in real estate, power and infrastructure to meet the data centre and energy needs of businesses, governments and hyperscalers like Google and Microsoft. (The Logic)
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In a letter to investors, Brookfield Asset Management CEO Bruce Flatt and president Connor Teskey said they see a “significant pipeline of opportunities” in the AI boom and are launching a “dedicated strategy” that will use the company’s strength in real estate, power and infrastructure to meet the data centre and energy needs of businesses, governments and hyperscalers like Google and Microsoft. (The Logic)
Talking point: Brookfield’s move is a measure of the opportunity that private capital sees in the AI gold rush. The asset manager has already made big bets on the space, earlier this year committing US$23 billion to develop AI infrastructure in France and another US$9.8 billion in Sweden. On Wednesday, Brookfield posted a US$620 million profit in the second quarter Wednesday, a 25 per cent increase from a year earlier. The company also said it would target new growth potential in the retirement savings sector, as recent Trump administration orders give retirement plans more access to private markets like infrastructure and real estate.
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