New York-based investor Brookfield Asset Administration plans to speculate $10bn in AI infrastructure in Sweden.
The centrepiece shall be an AI knowledge centre in Strängnäs, about 20km west of Stockholm. Brookfield says it’ll help Sweden’s nationwide AI technique.
The centre is anticipated to take between 10 and 15 years to finish. It should require about 750MW in energy to run, and can create greater than 1,000 everlasting jobs. Brookfield mentioned the power would be the first of its sort in Sweden and one of many first in Europe.
Sikander Rashid, Brookfield European head, added: “To compete within the improvement of AI and realise its financial productiveness, it is very important make investments at scale within the infrastructure underpinning this know-how. This extends past knowledge centres and into knowledge switch, chip storage and vitality technology.
“Immediately marks one other essential step for reinforcing sovereign compute capabilities for each public providers and personal enterprises in Europe.”
Brookfield is among the world’s largest buyers within the AI worth chain, with greater than €100bn invested throughout digital infrastructure, renewable energy and semiconductor manufacturing.
In February, Brookfield introduced a €20bn funding to help the deployment of AI infrastructure in France, which features a €10bn funding to create 1GW of capability, making it Europe’s largest AI infrastructure cluster.
Brookfield has been investing in Sweden since 2018 and has in depth operations throughout the nation, together with investments in telecom towers, renewable energy, social infrastructure and logistics property.
Worldwide, Brookfield has round $1 trillion of property beneath administration throughout renewable energy and transition, infrastructure, personal fairness, actual property, and credit score.
- Subscribe right here to get tales about development around the globe in your inbox 3 times per week
