Brookfield, Qatar Team Up on $20 Billion AI Investment Venture
Brookfield has estimated the global AI infrastructure build-out will require $7 trillion over the next decade.
Photographer: Kyle Grillot/BloombergBrookfield Asset Management Ltd. and Qatar Investment Authority are teaming up on a $20 billion venture to invest in artificial-intelligence infrastructure, underscoring the escalating regional race for dominance in the sector.
New York-based Brookfield and Qai, a newly-formed subsidiary of Doha’s $524 billion wealth fund, will contribute capital to invest in AI infrastructure in Qatar and select international markets, according to a statement Tuesday.