Brookfield Is Entering the AI Cloud Space to Reduce AI Costs
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Brookfield is entering the AI cloud market with its new company, Radiant, which will lease AI chips to developers. This initiative is supported by a $10 billion AI fund and is part of a broader $100 billion strategy to acquire assets for AI computing. Brookfield is constructing data centers in France, Qatar, and Sweden, with Nvidia assisting in setting up server clusters. The firm aims to reduce AI development costs and meet energy demands through investments in fuel cell technology and nuclear power. Analysts have a Strong Buy consensus on BN stock, with a price target of $52.24, indicating a 13.3% upside.
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