Brookfield teams with Nvidia and rivals to fund massive AI infrastructure buildout

Connor Teskey explained that the $7 trillion AI buildout over the next decade is large enough for several capital managers to share, leading Brookfield to strike a joint venture with Nvidia to acquire up to $100 billion of AI-related assets. Nvidia has also assembled a broader consortium, including Apollo, Blackstone and KKR, to marshal roughly $500 billion for the sector. Teskey likened data-center infrastructure to traditional utilities, noting that power generation—particularly renewables, fuel cells, batteries and nuclear—will dominate investment opportunities.

He warned that while gas turbines remain important, their long lead times push investors toward faster-deploying clean technologies. Teskey concluded that the sector will see a mix of winners and losers, with Brookfield targeting only a small, highly selective portion of available projects.