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Though Brookfield Asset Management is collaborating with other financial giants like Apollo, Blackstone and KKR on building data centres, CEO Connor Teskey said that even with “five or six of the leading players at one table,” his firm can differentiate itself by being choosy about the deals it actually pursues. (Semafor)
Talking point: As Big Tech companies increasingly seek financing for data centres, rather than paying out of pocket, some investors are concerned that a sense of “FOMO”—fear of missing out—is driving firms to pile into deals. Teskey pushed back on the idea that Brookfield is just one of a pack of AI investors, saying that he puts a tight filter on Brookfield’s investments, prioritizing AI projects powered with solar or batteries. Teskey said demand for AI infrastructure remains so far ahead of supply that he’s not worried about overbuilding data centres.
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