Brookfield Asset Management is betting heavily on AI, calling it a defining investment theme of the decade.
In an interview with Bloomberg, Connor Teskey, the president of the trillion-dollar asset manager, says AI is now a core theme across Brookfield’s global platform, spanning multiple segments.
He says the scale of growth ahead requires long-term funding capacity that only large private investment groups can deliver.
“AI is a major theme across all of Brookfield. It’s driving our power business. It’s driving our digital infrastructure business. We’re using AI to drive efficiency in our operating and industrial companies. But without a doubt, the biggest opportunity is the role that private capital can play in funding the significant build-out of AI infrastructure in this country and around the world.”
Brookfield recently earmarked $100 billion for digital infrastructure projects, from data centers to power generation, designed to serve the surging demands of hyperscalers and sovereign buyers. Teskey says the firm has created a dedicated platform for this mission.
“And we have built a platform that is dedicated to precisely this opportunity. It’ll focus on building gigafactories on behalf of the hyperscalers and sovereign AI relationships around the world, and the supply chain and value chain that is required to fund growth over the years and decades to come.”
He cast the potential in historic terms.
“This is a multi-trillion dollar opportunity that is going to run for years and decades to come.”
Last week, Brookfield chief executive Bruce Flatt also framed AI as a multi-decade opportunity, with the United States uniquely positioned to dominate the global AI race.
“Remember, we’re building AI infrastructure for the next 40 or 50 years. That’s what we’re thinking about. The United States today has energy dominance, technology dominance, one of the largest economies in the world, one of the richest economies in the world, and a very entrepreneurial working class.
It is going to win, and we continue to put a lot of money behind that.
I think we’ve probably invested $30, $40, $50 billion in the US this year. The United States is going to be a great place to invest for a long period of time.”
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