Bruce Flatt said in a quarterly shareholder letter that several countries are restarting talks with Westinghouse to build nuclear energy systems to help meet the demands of electrification, energy security and the AI infrastructure buildout. (The Logic)

Talking point: Brookfield owns 51 per cent of Westinghouse and Cameco owns 49 per cent, and Flatt said Brookfield has “rarely” owned a business that has seen so much interest from governments. The U.S. and South Korean governments have been particularly supportive of Westinghouse, he said. The comments come after Cameco complained that Canada’s government has given Candu more support than Westinghouse. In his letter, Flatt said the question of who will make money from AI, and whether the AI buildout is moving too fast, presents “the greatest investment opportunity and threat of our lifetimes.” Flatt said big tech firms are financially sound enough to make the investments, though not every large language model maker may “like the outcome” of the AI race.

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