At the opening of the Artificial Intelligence Action Summit in Paris, Brookfield Asset Management (BAM), together with the French President, Emmanuel Macron, announced a EUR 20B infrastructure investment program to support the deployment of artificial intelligence infrastructure in France. The Brookfield investment will be targeted across data centers and associated infrastructure sectors which are vital for AI deployment. Up to EUR 15B of data center investment will be led by Brookfield’s portfolio company, Data4, one of Europe’s largest data center developers, headquartered in Paris. Data4 has existing plans to build over 500 MW of data center capacity located across several regions in France, with an ambition to triple that by 2030 as part of today’s announcement. With this, France is projected to be the single largest market for Data4 in Europe. The investment of a further EUR 5B is planned by Brookfield in France across associated AI infrastructure such as data transfer, chip storage and energy generation. The total EUR 20B investment is projected to be delivered by 2030.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAM:
- Morgan Stanley would buy alternative asset managers on ‘overdone’ weakness
- Brookfield Asset Management Enhances Corporate Structure Through Strategic Acquisition
- BAM Upcoming Earnings Report: What to Expect?
- Brookfield Asset price target raised to $63 from $59.50 at Scotiabank
- Brookfield Asset Management completes acquisition of Chemelex
Questions or Comments about the article? Write to editor@tipranks.com