{"id":334802,"date":"2025-12-09T15:34:11","date_gmt":"2025-12-09T15:34:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/334802\/"},"modified":"2025-12-09T15:34:11","modified_gmt":"2025-12-09T15:34:11","slug":"brookfield-and-qatar-launch-20-billion-ai-infrastructure-joint-venture","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/334802\/","title":{"rendered":"Brookfield and Qatar launch $20-billion AI infrastructure joint venture"},"content":{"rendered":"<p class=\"c-article-body__text text-pr-5\">Brookfield Asset Management <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/BAM-T\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/BAM-T\/\">BAM-T<\/a> and Qai, an artificial intelligence company owned by Qatar\u2019s sovereign wealth fund, have formed a US$20-billion joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, the two groups said on Tuesday.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The joint venture aims to position Qatar as a leading AI hub in the Middle East, they said, and plans to create an integrated compute centre expanding regional access to high-performance computing capabilities.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The Gulf country\u2019s US$526-billion sovereign wealth fund, the Qatar Investment Authority (QIA), said on Monday it was setting up its own national AI company, Qai, following in the steps of regional peers the United Arab Emirates and Saudi Arabia, as they invest to become global AI hubs outside of the U.S. and China.<\/p>\n<p class=\"c-article-body__text text-pr-5\">AI is reshaping global tech and attracting massive investments in both software and physical infrastructure, especially in the data centres needed to process the information. A McKinsey report from April estimated that a US$5.2-trillion investment in data centres will be needed by 2030 to meet the worldwide demand for AI.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Brookfield will invest in the joint venture with Qai through its <a href=\"https:\/\/www.theglobeandmail.com\/business\/article-brookfield-partners-with-nvidia-and-kia-on-10-billion-ai\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/business\/article-brookfield-partners-with-nvidia-and-kia-on-10-billion-ai\/\">recently launched Artificial Intelligence Infrastructure Fund<\/a>, which aims to invest up to $100 billion globally.<\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/article-microsoft-digital-sovereignty-canada-data-centre-expansion\/\" rel=\"nofollow noopener\" target=\"_blank\">Microsoft vows to protect \u2018digital sovereignty\u2019 in $7.5-billion Canadian data-centre expansion<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">In a separate interview not related to the announcements, QIA\u2019s head of funds Mohsin Pirzada told Reuters: \u201cWe\u2019ve been investing in data centres since before it was in fashion.\u201d<\/p>\n<p class=\"c-article-body__text text-pr-5\">He said Qatar, as one of the world\u2019s biggest natural gas producers, benefited from increased demand for power to feed data centres. The sovereign fund has also invested in fast-growing companies in the sector including AI-driven analytics platform Databricks.<\/p>\n<p class=\"c-article-body__text text-pr-5\">QIA\u2019s Pirzada, asked whether he had any concerns about rising valuations for companies in the sector, said there may be a \u201cshakeout,\u201d but that, in an echo of the 1990s dotcom bubble, it would leave a handful of market leaders and \u201ca massive opportunity\u201d for investors.<\/p>\n<p class=\"c-article-body__text text-pr-5\">\u201cWe continue to invest into the technologies and the rail guards that will support this innovation, the bricks and mortar,\u201d Pirzada said.<\/p>\n","protected":false},"excerpt":{"rendered":"Brookfield Asset Management BAM-T and Qai, an artificial intelligence company owned by Qatar\u2019s sovereign wealth fund, have formed&hellip;\n","protected":false},"author":2,"featured_media":334803,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,49174,61],"class_list":{"0":"post-334802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-ca","12":"tag-canada","13":"tag-streetwise","14":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/334802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=334802"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/334802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/334803"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=334802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=334802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=334802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}