Brookfield Buys Chips-for-Rent Firm Ori, Revving Up Bet on AI

Brookfield Asset Management bought cloud-computing firm Ori Industries in a bet that governments and tech companies will need chips to win an escalating artificial-intelligence race.

The startup, backed by Saudi Aramco’s venture arm, was merged into Radiant, a new company Brookfield created to provide on-demand access to AI chips, according to a statement Tuesday that didn’t disclose terms.