Brookfield is launching its own cloud computing business to lease chips housed in data centers directly to artificial intelligence developers, as it seeks tighter control over the AI value chain, The Information reported on Wednesday.
According to the report, the new cloud operation will be linked to a $10 billion AI-focused fund Brookfield is setting up, alongside a cloud company called Radiant, which Brookfield will operate. Radiant will have priority access to data centers developed under the fund, which is backing projects in France, Qatar and Sweden.
The move builds on Brookfield’s broader push into AI infrastructure. In November, the firm unveiled a $100 billion AI infrastructure program anchored by the Brookfield Artificial Intelligence Infrastructure Fund. About half of the fund’s $10 billion in commitments has already been secured from institutional and industry partners, including Nvidia and the Kuwait Investment Authority.
Brookfield did not immediately respond to a request for comment from Reuters.
The planned cloud business reflects growing concern in markets about bottlenecks in AI-related capital spending, particularly the strain that large-scale data center expansion can place on power grids and other public utilities. By combining its cloud ambitions with its extensive energy and real estate assets, Brookfield could gain end-to-end control over critical inputs such as power, land and computing capacity—an advantage not typically available to pure-play cloud providers.
The strategy could also increase pressure on established cloud giants such as Amazon, Microsoft and Oracle, which are already under scrutiny to justify massive capital expenditures and improve energy efficiency as AI demand accelerates.
