Brookfield Launches $100 Billion Artificial Intelligence Venture Fund

Brookfield Asset Management is getting ready to launch one of the largest new venture capital funds focused on physical infrastructure to power artificial intelligence. And both Nvidia and Kuwait Investment Authority are involved.

What’s happening:

• Brookfield Asset Management (NYSE: BAM) has launched a new $100B USD venture capital fund to invest in opportunities in artificial intelligence
  

Why it matters:‍

• The new fund from Brookfield Asset Management is being backed with multi billion dollar commitments from both Nvidia (NASDAQ: NVDA) and Kuwait Investment Authority
  

Going deeper:‍

• Brookfield Asset Management’s new venture capital fund will look to deploy capital across multiple different areas of artificial intelligence including data centres, energy, land, hardware and other physical infrastructure
  
• Nvidia and Kuwait Investment Authority have committed up to $5B USD to the new fund
  

The intrigue:‍

• Brookfield Asset Management previously made major waves on Wall Street when they cut a deal with Bloom Energy (NYSE: BE) to invest up to $5B USD into deploying their fuel cells at data centres globally

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