Brookfield Asset Management will be “really, really choosy” about data centre investments, company chair Bruce Flatt said at the asset manager’s investor day Thursday, saying the company won’t compromise its tech infrastructure deals like the office-space leasing office startup that sought bankruptcy protection in 2023. (The Logic)

Talking point: Brookfield, a conglomerate well known for its real estate investments, is trying to distance itself from companies like WeWork. Later, at parent company Brookfield Corp.’s investor event, Flatt said he embraces a “more realistic” pace for data centre construction—even as Brookfield disclosed it had raised another US$2 billion from Nvidia for an AI infrastructure fund. Flatt said he expects the pace of the AI buildout to slow down because the industry could not build “a fraction” of the computing centres that it previously anticipated, in a response to a question about a slowdown in the U.S. AI infrastructure buildout due to high interest rates.

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