Brookfield to Spend €20 Billion on France’s AI Infrastructure
- Firm earmarks about €15 billion for data center investments
- Europe steps up efforts to join AI race dominated by US, China
Brookfield Asset Management has allocated €15 billion to data center investments.
Photographer: Nathan Laine/BloombergBrookfield Asset Management plans to invest €20 billion ($20.7 billion) to develop data centers and AI infrastructure in France over the next five years, as the competition to dominate artificial intelligence intensifies among global powers.
The New York-based investment firm has allocated €15 billion to data center investments, which will be led by its portfolio company Data4, according to a statement. Brookfield plans to invest the remaining amount on AI infrastructure projects, such as data transfer, chip storage and energy generation across France.