Brookfield’s chief executive says the firm’s long history in power, real estate, and data centers has placed it squarely in the path of a generational AI buildout.
During an investor day fireside chat, CEO Bruce Flatt says the company’s experience gives it an edge as artificial intelligence reshapes infrastructure demand worldwide.
“We’ve been doing this a long time. We’ve been building power plants a long time. We’ve been building data centers a long time. We’ve been developing real estate a long time. And the combination of those three things is really what this is. And fortuitously, we ended up at the intersection of what really matters today.”
But despite the asset manager’s experience in three converging sectors, Flatt cautions that the scale of the AI buildout has no precedent.
“What is the most difficult thing is this is the first innings of a very long 15- to 20-year build-out. And nobody has done this before. Nobody.
We have all the pieces, but nobody has produced compute capacity on the scale that we’re going to soon do it. We’re as well-suited as almost anyone in the world to do it because of our access to all those skills and capital, but we’re in the early stages of it.”
Flatt highlights the one crucial factor that’s making him excited and worried at the same time about the massive AI buildout.
“This is really serious. The biggest worry, biggest excitement and the biggest worry is execution. Everyone can say they’re going to get into this, and it’s just not easy… The execution of these things is really, really important.”
Brookfield Asset Management oversees about $1 trillion in assets across infrastructure, renewable energy, private equity, and insurance, making it one of the largest firms with the balance sheet to pursue long-term AI infrastructure projects.
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